3 ms·
Except that the truly rich tend to get most of their income from capital gains rather than wages and salaries, and there's a much lower rate for capital gains t
by dripton 13y ago
Except that the truly rich tend to get most of their income from capital gains rather than wages and salaries, and there's a much lower rate for capital gains than for earned income. The "Buffet pays a lower tax rate than his secretary" problem.
- jacques_chester 13y agoQuite, though the arrangements vary from place to place. There's a lot distortion and unseemly outcomes that flow from having misaligned personal, capital gains and corporate tax rates.