The 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 bracket

The 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.