Kudlow Offers Gov. McDonnell Nobel for Capital Gains Tax Explanation

January 27, 2012 05:49

Gov. McDonnell points out that you have already paid income tax on the money you invest. If that investment makes a gain it is taxed as capital gains. Obama believes capital gains taxes should be higher to reflect “fairness” even if the revenues to the government would be lower which has been shown to be the case over time.

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