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View Diary: Buffett's fiscal plan: A millionaire's tax (96 comments)

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  •  well indivual spends money to get the investments (0+ / 0-)

    so they should be able to deduct what they spent (original investment) before they are taxed. Capital gains does not just aply to the rich. Anyone who sells their house and makes a profit is taxed on that profit as a capital gains, unless it is reinvested .

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