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If you make capital gains tax the same as income tax, then you're making the situation worse for people who invest their actual income over trust fund babies, n
by fortythirteen 9y ago
If you make capital gains tax the same as income tax, then you're making the situation worse for people who invest their actual income over trust fund babies, not better.
It places another barrier on hard working people trying to move from middle to upper-middle or upper class status.
- ascagnel_ 9y agoThat doesn't explain how this person would have the same income taxed twice. Taxes are paid on gains, not the return of principal. Income would be taxed, and then the returns from the invested income would be taxed at a later date.