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That is exactly the point. The tax code privileges sources of income that prevail among those who already possess wealth. That is the definition of regressive
by danhak 7y ago
That is exactly the point. The tax code privileges sources of income that prevail among those who already possess wealth. That is the definition of regressive.
- dahdum 7y agoCapital gains are lower because because corporations pay income tax on their earnings already.
- ceejayoz 7y agoSalaries aren't paid out of earnings?
- cma 7y agoNot exactly, capital gains also cover things like passively growing trees as a land barron.
- kingraoul3 7y agoI pay taxes on my income and again at the point of sale.
- basch 7y agoand you pay capital gains if something you owns appreciates and you sell it.
- gamblor956 7y agoThat is why dividends are subject to special rates, not capital gains.
- Catsandkites 7y agoIs that a good or fair argument though? I get paid and pay 20% then 40% on the rest (banded)... Then as soon as I buy practically anything I'm taxed another 20% on top of that. A corporation pays 19% and then those profiting from that owe 7/32/38% (depending on their total income).
- deleted 7y ago[deleted]