Re:The Rich Do Pay Higher Taxes Than You
by rtkwe on Thursday October 10, 2019 @03:14PM
(#21218156)
The important fact is "[percent] of their income" much of the earns at the top end get shifted to capital gains which aren't counted as income and get taxed much lower.
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Re:The Rich Do Pay Higher Taxes Than You
by darawk on Thursday October 10, 2019 @03:16PM
(#21218177)
Hm. The CBO report uses the phrase "total income", which I would expect to include capital gains. But it does not explicitly define it as far as I can tell. Do you have a citation for those numbers not being inclusive of capital gains?
EDIT: It does define everything at the end. Total income in this context does include capital gains.