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"The ceiling on taxation of capital gains reflects the national belief that speculation is a more worthwhile way to make a living than work."

— Calvin Trillin
calvin trillin Quotes Speculation,Taxation,Worthwhile

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Calvin Trillin
Speculation
Taxation
Worthwhile
Ceilings
Capital Gains

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I think if you had a capital-gains system where the long, patient capital would actually be rewarded, nanosecond capital turning would not be.

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We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends.

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