Kateri, felis pinguis
Kateri watched the State of the Union address this past week.
Afterwards, she said, The President wants to raise the
capital gains tax rate. I dont understand. What does that
mean? I said, The capital gains tax is a tax on investment
income, e.g. the profit you might make on the sale of real estate
or stocks and bonds. Do you think its
a good idea to raise the capital gains tax rate? she asked
me. It all depends. I said If I were a fat
cat, I would probably think its a bad idea. If I
were a skinny cat, I would probably think its a
good idea. She thought about this and said, In
that case, I think its a bad idea to raise the capital
gains tax rate. I said In that case, I suggest you
write to President Obama and let him know!