The presidential election has seen a variety of tax proposals floated by the candidates. One of the most aggressive, proposed by Bernie Sanders, would take away the tax advantage given to investments. Specifically, he proposed that dividends and long-term gains be taxed the same as ordinary income. 

If such a proposal ultimately passed, it wouldn't be the first time there would be no differential in tax rates between ordinary and investment income. As a matter of fact, up until the 1970s, investment income was taxed at a higher rate than ordinary income, the opposite of more recent times.

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