MICHAEL LEWIS, THE FINANCIAL COLUMNIST FOR THE NEW YORK Times Magazine, has figured out that by tweaking the rich, eventually you can become one of them. He tweaked the bond traders in his bestseller, Liar's Poker, and profited like a bond trader from the book sales. In his latest column he tweaks Steve Forbes, the presidential candidate who owns Forbes magazine, for "leading the charge to eliminate capital-gains taxes."
Any time you sell a stock at a profit, you have to pay a 28% tax on the gain, so cutting the tax would be a break for Forbes, an admitted rich...
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