That is the essential question posed by the difference between income tax -- tax on income which people work to earn -- and capital-gains income -- income which people merely collect.
Should Warren Buffet pay a lower tax rate than his secretary pays?
He doesn't think so.
Who does?
Should Earned Income Be Taxed More Than Unearned Income?
Should Earned Income Be Taxed More Than Unearned Income?
Reason is valuable only when it performs against the wordless physical background of the universe.
Re: Should Earned Income Be Taxed More Than Unearned Income?
All income should be taxed at the same rate. Having a lower capital gains rate only enriches the wealthy and impoverishes the working classes.
yrs,
rubato
yrs,
rubato