Comment on Is it really possible to tax the rich?
AA5B@lemmy.world 2 days agoThere’s also the very important concept of a capital gains tax. Why does their income from stock sales get to be taxed at a special low rate, as if it weren’t income? That’s ridiculous
We’d go a long way toward evening it out just by deciding
- income is income. No special categories of income for the wealthy
- when your company or trust spends money on your personal life, that’s also income
- tax brackets keep going. They don’t even have to be specially high, but why does it top out so early?