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Politics : Formerly About Advanced Micro Devices

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To: Jim McMannis who wrote (370876)2/14/2008 6:03:07 PM
From: Road Walker  Read Replies (3) of 1573131
 
Buffett gets a lot of income and lowers his tax rate because of Muni Bonds. Are you suggesting we make muni bonds taxable?

Buffet (and others) get a lower tax rate because of all dividend tax rates. Munis are a small part of it. Essentially wealth (passive dividends) gets taxed at a lower rate than work (wages).

Why is that?
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