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Price of metformin in usa they will be back to me. Thanks! The best way for Americans to prepare the global economy is thus for Congress to enact the "Buffett rule," mandating that Americans with incomes exceeding $1 million a year pay at least 30 percent of their income in taxes.
In a column for The Washington Post on March 21, Warren Buffett has written of the importance this measure:
We need a fairer tax code, but what we really need is a fairer way of calculating person's taxable income as a percentage of his total income. The current treatment is absurd—many people earning more than many others owe no tax. To address this absurdity, we need to reduce the tax liability of those earning more money by lowering taxable income to what it would be without the tax break. This is what I have called the Buffett Rule.
We need more of this kind thinking. While I'm in favor of greater economic democracy, we can't keep ignoring the importance of a fairer income tax system when it comes to taxing income from capital gains. The current "capital gains" tax code is a relic of the 1930s, that should be repealed.
What is capital gains and why did it exist?
Capital gains relate to the investment of cash or stocks as opposed to existing property. When one invests in a business or property using cash from wages or an investment property such as a home or farmland, the value of investment increases—and thus a capital gain is realized when that investment generates a profit in the form of a capital gain on the sale of investment property. If one spends the increased cash on a purchase of another investment, corresponding capital loss is recorded, a practice meant to ensure that taxpayers can recover the value of their assets, no matter how long the seller of that investment xalatan generic bottle size takes to realize a profit.
The basic theory of how capital gains work is that a capital gain exists when the value of a property increases by more than its initial price
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