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Message: <blockquote data-quote="bbsam" data-source="post: 687640" data-attributes="member: 22662">Re: Obamanation here todayVery simple Brett.  Capital gains is taxed at what %?  15%.  Consider Capital Investment firms who's only income is capital gains.  Guess what rate they get taxed at.  15%.  Is that fair?  Honestly, anyone who believes that the top earners in this country pay  the top tax rate of their income in income tax is simply misguided.  And for someone who has prepared so many tax returns to suggest that the loopholes do not exist or that they do not reward those who use them at the expense of the rest of the nation seems odd.  Why then all the tax deductions?  Why the complex tax code?  Why is taxable income so often far less than gross income?</blockquote>