The progressive nature of our tax system has some interesting side effects. This has rather profound implications that are far too complex to go into here, but let's look at one or two. In fact, it's a great idea to do your own taxes by hand at least once just to see how the process works. You'll have a much better appreciation of deductions after that. That's something to consider next time someone asks for a donation to a worthy cause.
Capital gains are absurdly easy to calculate.
You don't have to worry about deductions, tax credits, personal exemption, etc. In some respects, it is a very simple tax. To qualify for long-term treatment, an asset must be held for more than one year. This is not something you would want to mess up. Call Your Boss a Fool .