Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
>I don't know if it's true that they pay far less generally than the middle class,
They do. Capital gains tax rate is 15%. I don't play word games where people pretend that income from capital gains is somehow different than other income.
I agree 100% on the capital gains tax. It's nothing but a special, discounted, alternative income tax for people who don't actually work for a living.
I wonder if there's an analysis somewhere of how much of the income of the wealthy qualifies as capital gains and how much that affects their total income tax rate if capital gains are counted along with regular income.