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The important fact is "[percent] of their income" much of the earns at the top end get shifted to capital gains which aren't counted as income and get taxed muc
by rtkwe 7y ago
The important fact is "[percent] of their income" much of the earns at the top end get shifted to capital gains which aren't counted as income and get taxed much lower.
- darawk 7y agoHm. The CBO report uses the phrase "total income", which I would expect to include capital gains. But it does not explicitly define it as far as I can tell. Do you have a citation for those numbers not being inclusive of capital gains? EDIT: It does define everything at the end. Total income in this context does include capital gains.