Dadoalex
Gold Member
- Jan 11, 2021
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- #141
Capitalists pay nothing on Capital Gains beyond the CG tax.More like $12.40. The other $7.20 is taken out before the employee earns it. The employee is paid less, to cover the taxes.
As for the Capitalist, he pays the full 12.4% tax on his covered earning. There is no tax break.
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You are confusing the self employed with the capitalist.
Thus showing you don't really understand the topic.