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Wouldn't it just be easier to tax capital gains like ordinary income? It's ridiculous that Mitt Romney pays a lower overall tax rate (~14.2% on ~$15 million in
by alistairSH 5y ago
Wouldn't it just be easier to tax capital gains like ordinary income? It's ridiculous that Mitt Romney pays a lower overall tax rate (~14.2% on ~$15 million income in 2011, IIRC) than I do on my non-FAANG software salary.
- JumpCrisscross 5y ago> Wouldn't it just be easier to tax capital gains like ordinary income? Eliminating the carried interest loophole would cure the problem you observe without the distorting effects of capital appreciation taxes.