[quote=no_such_reality][quote=CA renter]So…you’d finally agree with me that the fairest sort of tax system would tax ALL income at the same progressive rates?[/quote]
No the fairest tax system would tax all income like dividends. A flat rate.
Make $10,000, pay 15%, or $1500.
Make $100,000 pay 15%, or $15000.
Make $1,000,000 pay 15% or $150,000.
Then just provide a back credit to poverty level.[/quote]
Meh, I just want to know what the tax laws are so I can work around them and ensure I get screwed the least….
Personally, I’m fine with lower cap gain tax rates, simply because it’s one of the ways people can stop being a wage slave when they get to a point that they can no longer physically work.
But I just thought it was amusing that the tax on the “rich” was defined as such to mean income earned as wages would be taxed more than capital gains, considering that really rich people I think derive most of their wealth from capital gains….
