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rob05c · 3161 days ago · link · · parent · post: As a nation, what is the best way to tax my citizen?
Further, the wealthy gain far less in direct income than capital gains. So they're still pretty happy with high 'income' tax and low capital gains tax. Like the US has now.the rich will always love sales taxes in favour of income taxes.
briandmyers · 3160 days ago · link ·
I like the idea of distinguishing income, so that there is something like a concept of 'labour income', with a lower tax rate (as opposed to capital-gains income, pure interest income, benefits, inheritance, stock bonuses, whatever). For the poor, most of their income is labour income, so it's a natural way to ease the tax burden of the poor. Would probably need a maximum upper limit for it also, to prevent abuse of the lowered 'labour income' rate.