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None of what you're saying exclusively affects capital gains earners. Higher corporate taxes also affect employee wages. The market does not accept a lower earn
by atlgator 5y ago
None of what you're saying exclusively affects capital gains earners. Higher corporate taxes also affect employee wages. The market does not accept a lower earnings per share report just because corporate taxes increased. Therefore, companies compensate by cutting costs, often by reducing raises, promotions, and/or benefits. Wage earners also pay state income taxes, which are often more than capital gains taxes.
- anonuser123456 5y agoThe pre-distribution tax is absolutely unique to capital vs wage. Even at the top end of the wage side; 43+13.3 is a net rate of 56.3. At lower income brackets you could throw in payroll taxes, but marginal rates go down considerably at payroll tax phase out levels. My statement stands. There is a pernicious lie that the investor class pays low tax rates because their capital gains rate is a particular value. It’s just _one_ of the taxes paid on profits.