4 ms·
I didn't say they didn't pay taxes. I said the money was exempt from the income tax, which it is. Capital gains are not taxed as income, it is taxed as a capi
by kube-system 5mo ago
I didn't say they didn't pay taxes. I said the money was exempt from the income tax, which it is.
Capital gains are not taxed as income, it is taxed as a capital gain, which has significantly lower rates than income tax.
- rootusrootus 5mo agoEven though it would hurt me, I feel like eliminating the distinction between capital gains, income, and payroll taxes would be a fairer solution.
- kube-system 5mo agoI'd be happy with just a couple of brackets added to the income and capital gains taxes to target the 0.1% and 0.01%
- SoftTalker 5mo agoCapital gains are taxed lower as an incentive to make long term investments, vs. short term speculation.
- kube-system 5mo agoThat is a perfectly fine goal, however, I don't think the current structure actually accomplishes that goal very well.