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Why the focus on income as opposed to capital gains? It's always struck me that only the very-very rich count on investment income.
by lambdasquirrel 8y ago
Why the focus on income as opposed to capital gains?
It's always struck me that only the very-very rich count on investment income.
- gnicholas 8y agoIncome includes capital gains. No one has given enough detail on how this particular tax would be implemented, but surely it would capture both (and therefore be an even bigger tax increase on LTCG).
- RickJWagner 8y agoI don't like the idea of taxing capital gains. Buy-and-hold (and eventually sell) is one of the few paths to financial independence that are available to the common wage-earner. Many people have adapted the strategies suggested by Buffet, Bogle, etc. Many have succeeded. Don't kill one of the few publicly availble golden geese, please.
- dorchadas 8y agoI wouldn't say it's available to the "common wage-earner", given that they live paycheck to paycheck.