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what about passive income i.e. 0/60? Should that be taxed at 99% since you're not spending any time working for it? Conflating time worked with a tax rate seems
by JustAnotherPat 10y ago
what about passive income i.e. 0/60? Should that be taxed at 99% since you're not spending any time working for it? Conflating time worked with a tax rate seems like a red herring to me.
- ferentchak 10y agoI always think it's interesting how we actually tax capital gains much less than normal salaries. It's weird that that income doesn't need to contribute to our society and help pay for things like Medicare but income that you work for does. My understanding is that there is some fancy economic theories that say this is the right way to do things that I don't have the knowledge to confirm nor deny. Economists aside it still feels wonky™.