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The top-level comment said "Great, what we should be doing is taxing capital gain at a hire [SIC] rate than physical labor. Why does anyone think it's OK to pa
by mleonhard 5y ago
The top-level comment said "Great, what we should be doing is taxing capital gain at a hire [SIC] rate than physical labor. Why does anyone think it's OK to pay less on money you made with money you have?"
You replied with "Because the capital gains tax is only a portion of the tax applied to capital income." You went on to list several kinds of taxes.
My reply shows that the taxes you listed are all capital gains tax. To support your claim, you could list taxes that are not capital gains tax.
> > Whereas ordinary dividends are taxable as ordinary income, qualified dividends that meet certain requirements are taxed at lower capital gain rates.
> I don't know why you think this is relevant to my point. It just means sometimes the rate is different from "the" capital gains tax.
No. Please take a few minutes to read the sections I linked to. Here's an article that explains it https://www.investopedia.com/ask/answers/12/how-are-capital-gains-dividends-taxed-differently.asp https://www.investopedia.com/ask/answers/12/how-are-capital-... .