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And the money earned with labor is taxed heavily while the money earned with capital is taxed minimally. This seems fair?
by nemo44x 11y ago
And the money earned with labor is taxed heavily while the money earned with capital is taxed minimally. This seems fair?
- zo1 11y agoMoney earned through capital gains, yes. Investing your capital into business/machinery yields higher profits. Those get taxed at corporate tax rate, which is 35%. This rate is only matched with the highest income-tax rate bracket. It may not "look" fair on the surface, but to compare capital gains tax with income tax is an oversimplification. For one, invested capital is unpredictable.