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Why is interest on savings accounts taxed at income rates? Why is short-term capital gains taxed at income rates? While long-term capital gains are taxed at muc
by jekdoce 12y ago
Why is interest on savings accounts taxed at income rates? Why is short-term capital gains taxed at income rates? While long-term capital gains are taxed at much lower rate. Seems like risk has something to do with it, no?
- SamReidHughes 12y agoShort-term capital gains can be taxed more because there's less of a chance that you're just taxing inflation on capital that didn't grow very much, or shrank.