[quote=flu]
Don’t you think that is kinda ironic, considering the entire purpose is to tax the rich more where as wealth accumulation by rich(er) people have been more rampant via capital gains versus “wage” income?[/quote]

Our current tax code is more about social engineering than attempting to fairly collect revenue to run the government. We want people to buy houses, have kids, invest in new businesses, encourage consumption, etc. Therefore we create all kinds of tax codes to encourage people to do things they might not otherwise do. Just tax all gross revenue streams the same and if you want, do it progressively. Taxing consumption would likely be the most fair way but it’s more difficult to tax consumption progressively.