Max was on a quest. He sought wisdom from The Tax Guru to find the answer to one of life’s pressing questions: what is the best capital gains tax rate. He quested day and night for years, searching the world for the guru who could give him the answer. Finally, as he neared the summit where legend stated the guru lived, he saw the guru’s yurt. Max approached the yurt’s door and knocked. The door opened. Max peered in and saw The Tax Guru sitting at a desk, green eye shades on, meditating over the tax code. The guru stated, in a sure and clear voice: “Enter, my child. What do you have to ask The Tax Guru?” Max, humbled, fell to his knees, and said, “Tax guru. Tell me—what is the best capital gains tax rate? Some say it should be the same as the ordinary income tax rate. Others that it should be zero, at least in theory. Some want it higher, others want it lower. What rate is best?” The guru replied, “It depends.”