Source+10

http://www.washingtonpost.com/business/economy/capital-gains-tax-rates-benefiting-wealthy-are-protected-by-both-parties/2011/09/06/gIQAdJmSLK_story.html __Facts__

1.President Jimmy Carter to reluctantly sign a cut in the capital gains tax rate. 2.George W. Bush in December 2003 that says: “Dear Mark, I got your treatise on taxes — many thanks. I will look it over with keen interest. Merry Christmas. 3.For the very richest Americans, low tax rates on capital gains are better than any Christmas gift. 4.President Bill Clinton and then under Bush, most of the richest Americans pay lower overall tax rates than middle-class Americans do. 5.The rates on capital gains — which include profits from the sale of stocks, bonds and real estate — should be a key point in negotiations over how to shrink the budget deficit, some lawmakers say. 6.the capital gains tax rate disproportionately benefits the ultra-wealthy. 7.middle-class Americans own stocks or bonds, they tend to stash them in tax-sheltered retirement accounts, where the capital gains rate does not apply. 8.the richest Americans reap huge benefits 9.more than 80 percent of the capital gains income realized in the United States has gone to 5 percent of the people; about half of all the capital gains have gone to the wealthiest 0.1 percent. 10.Republicans have led the way in pressing for low capital gains tax rates, but they have been able to rely on a significant bloc of Democratic allies to prevent an increase and to protect the preferential treatment of money earned through investments over money earned through labor. 11.President Obama and leading Democrats want to allow the tax cuts passed under Bush to expire. 12.by a 2-to-1 margin, think the wealthy should pay more taxes than the middle class and the poor. 13.How the wealthiest Americans managed to get Congress to treat money made from investments differently from salaries or wages involved a variety of lobbyists, economists and lawmakers. 14.Greenspan said capital gains taxes made people reluctant to move out of one investment and into other, more-promising ones. 15.The same approach was adopted in 1921