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"passive income" is not a tax term. Are you saying there should be a capital gains tax at the same rate as income taxes?
by roel_v 10y ago
"passive income" is not a tax term. Are you saying there should be a capital gains tax at the same rate as income taxes?
- caretStick 10y agoWhy not? Someone working their ass off for $300k shouldn't pay more tax than someone banking $300k in "long term" capital gains.
- SilasX 10y agoThe concept of passive income is used in tax laws, though in the US the term is "unearned income" (a term I really don't like).