For years dividends and capital gains were taxed at the same rate as ordinary income....
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Accounting
For years dividends and capital gains were taxed at the same rate as ordinary income. During President George W. Bush's administration, the tax rate on capital gains and dividends was reduced. Should the tax rate on capital gains and dividends be lower than other income? Some have complained that the reduced rate on capital gains favors the rich and shouldn't be allowed. Do you agree? Why or why not
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