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All income should be taxed the same. We should move to a a progressive tax system with zero deductions, eliminate capital gains, and inheritance taxes. Make th
by watertom 6y ago
All income should be taxed the same.
We should move to a a progressive tax system with zero deductions, eliminate capital gains, and inheritance taxes. Make the top tax rate of over $5M be 54%.
We already know the effective tax rate for each bracket. Once we factor in the additional tax revenue from the top bracket we can adjust the other rates.
I would consider a true capital gain exception. For the investment in new and private busines investment that generates revenue. This horseshit of buying stock and holding it for a period of time is NOT capital investment. The company does not benefit from the purchase of stock once they go public. It’s a scam to allow the rich to avoid taxes.
- perilunar 6y ago> All income should be taxed the same. Why? There's a big difference morally between earned and unearned income.