Capital Gains Taxes Quotes



Even on Medieval days in Europe, the wealthy barons paid lower tax rates that their lowest peasants. Relief from taxes was one of the privileges of the very rich. The practice has been made more cosmetic, but the result seems to have been the same into the 21st century.


Although Mellon served as Treasury Secretary to three Republican Presidents, he favored taxing earned income at a much lower rate than investment income, on fairness and pragmatic grounds. But the Republicans not only did not take his advice but have managed to cut the tax rates for investment income (capital gains taxes) so that they were actually lower than what the middle class tax rates are for their earned income. So this quote is often used by Democrats and liberals in the taxation fight that is constant.