Re:Trust in Government Is Collapsing Around the World
by cmurf on Wednesday July 13, 2016 @06:09PM
(#12090056)
>It's unearned income. In other words: no income.
No that's wrong, it is income. Examples of unearned income are dividends and interest, and capital gains. These are taxed at a lower income tax rate than earned income, i.e. income from a salaried job. And unearned income is not subject to FICA tax.
You have to make enough money for starters in order to have income sources that are unearned, so yes this is favored at people who make money. The very wealthy, the 1%, aren't making this money from earned income, they make it from unearned income.
You have to make enough money for starters in order to have income sources that are unearned, so yes this is favored at people who make money. The very wealthy, the 1%, aren't making this money from earned income, they make it from unearned income.