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Capital gains is personal income. So yes, it almost certainly does. Additionally, that figure (much like Warren Buffer) understates what the rich pay - first t
by yummyfajitas 11y ago
Capital gains is personal income. So yes, it almost certainly does.
Additionally, that figure (much like Warren Buffer) understates what the rich pay - first the corporation they own pays taxes, then they pay taxes again when the profit is distributed to shareholders.
It's a misrepresentation equivalent to claiming that middle class folks don't pay the employer portion of payroll taxes.