Vanguard founder John Bogle on tax fairness: "Rates may have to be changed, but we also need to...

|By:, SA News Editor

Vanguard founder John Bogle on tax fairness: "Rates may have to be changed, but we also need to look at what is taxed, and how. Dividend income should be taxed at the same rate as ordinary income. As for capital gains, there ought to be some distinction between capital made by people who start businesses, and contribute value to society, and capital made by gamblers on Wall Street."