Currently the long-term capital gains tax is 15% for those in the 25% and over tax bracket. For the wealthy who earn most of their income from investments, therefore, taxes are much lower than for those of us on salary. Warren Buffet has made this point, comparing his income with secretary's. Because he makes his living from investments he pays a lower rate than she does. We should reform the tax code, making taxes on investments follow a graduated scale similar to the income tax, to eliminate this injustice.
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