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A rational investor is concerned with risk-adjust returns after taxes. The fact that capital gains rates are lower than income rates allows an investor to accep
by mikekij 8y ago
A rational investor is concerned with risk-adjust returns after taxes. The fact that capital gains rates are lower than income rates allows an investor to accept a higher level of risk than if the two tax rates were lower.
- perfunctory 8y agoOk, but this has only to do with relative tax rates - capital gains vs. income. It says nothing about absolute rates.