Quote Originally Posted by Presley Cannady View Post
What about that? It's just the law. You dispose of capital gains in the year of acquiring the asset, you pay taxes on the take as ordinary income. You defer for a year, you pay at 15 percent.
But why do you think that this is not an extraordinarily low tax rate?

Deferring tax payments should drive taxes rate up, for the government didn't get the money earlier and had to substitute for it by lending money on which it had to pay interest during the period.