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The capital was taxed at ordinary income, yes, but the capital gains was not. He's right, it's time to start treating capital gains as ordinary income. My fift
by jquery 15y ago
The capital was taxed at ordinary income, yes, but the capital gains was not.
He's right, it's time to start treating capital gains as ordinary income. My fifty dollars of capital generated by fixing a bug at work is equal to your fifty dollars of capital generated by the time/risk value of money.
- toomuchtodo 15y agoIf anything, I would tax capital gains at 30%-40% while taxing ordinary income at 15%. Actual labor has more utility than raw capital.