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Ignoring edge cases like selling a house, I would argue ‘fair share’ is for capital gains tax to have brackets that eventually equal regular income tax brackets
by t-writescode 6y ago
Ignoring edge cases like selling a house, I would argue ‘fair share’ is for capital gains tax to have brackets that eventually equal regular income tax brackets, such that a CEO that makes $1 / year and 4 million in stocks, if he sells all 4 million in stocks 2 years later, isn’t paying only 15% income tax.
- dlp211 6y agoYour base point is valid, your example is at best incomplete. Stock compensation is taxed as regular income. The appreciation of the stock afterwards would be taxes as cap gains.
- t-writescode 6y agoYes, you're right. I admit I had completely forgotten about that.