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Author: JLC Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75337  
Subject: Re: John Bogle wants to raise your taxes Date: 12/24/2011 4:45 AM
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Earned capital income should carry the regular dividend rate, but capital income gains by trading, and particularly short-term trading, should pay a higher tax, even than the present ordinary income rate.

So he wants to further suppress investment capital, further depressing the business environment and economy. Again, another fine example of someone with good/great investment smarts but dumb as a rock on tax issues. Almost as bad as listening to an actor/singer on issues other than acting/singing.

IMHO, flat tax for everything.

JLC
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