OohPooPahDoo
Gold Member
Regardless of where the earnings of the wealthy come from (income or capital gains), it does not change the fact that they pay the majority of the taxes used to run government. The cap gains rate may be lower than high wage income rates, but it still produces massive tax revenues. Sorry, you can't wiggle your way out of this one. Hell, many countries have NO capital gains tax. We have the most progressive tax structure in the world, no matter how you cut it. Fact.
I just wanna know why passive income should be taxed less than earned income.