AN wrote:CA renter

[CA renter]

[quote=AN][quote=CA renter]
edit: Wow, found this:

The tax rate on long-term gains was reduced in 2003 to 15%, or to 5% for individuals in the lowest two income tax brackets (See progressive tax).

http://en.wikipedia.org/wiki/Capital_gains_tax

Still, it doesn’t seem to be 0%. Where are you getting that from?[/quote]
Here yah go: http://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States%5B/quote%5D

Thank you for pointing that out. Looks like they changed it from 5% to 0% in 2008.

Yeah, I’d eliminate that, absolutely. No reason for poor people to have their labor taxed at a higher rate than cap gains.