Capital gains tax was created around 1915 as an attempt to stimulate investment in the stock market. It has become nothing more than welfare for the Wall Street elete. Where many CEO's and others choose not to receive a salary, but instead get their compensation in the form of stock options. The one and only reason for this is to avoid higher tax rates and to take advantage of lower Capital gains tax rates. America stands on the principal that all people are created equal. This premise should extend to taxation as well. Proponents will argue that everyone can take advantage of this special tax, wink wink. But everyone knows that the vast majority who use this tax break, is to avoid paying their fair share of taxes. The premise for Capital gains tax is out of date, it is time to eliminate



