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For starters you could just swap the tax rates: make income tax of 15% and capital gains tax of 35%.
by mamon 9y ago
For starters you could just swap the tax rates: make income tax of 15% and capital gains tax of 35%.
- dlp211 9y agoThat is such a simplification of income tax though. For example a family of 4 making $50k/yr pays about $40 in federal income taxes. If that same family make $75k it goes up to about $2500. Both of those as a percentage of income are far below 15%. Hell, I made more than the SS max last year and my effective tax rate was below 15%. See Mike Pence as another example, guy made over $100k and had an effective rate of something like 12%.