Re:The Rich Do Pay Higher Taxes Than You
by dahdum on Thursday October 10, 2019 @03:16PM
(#21218175)
Capital gains are lower because because corporations pay income tax on their earnings already.
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Re:The Rich Do Pay Higher Taxes Than You
by kingraoul3 on Thursday October 10, 2019 @03:22PM
(#21218232)
I pay taxes on my income and again at the point of sale.
and you pay capital gains if something you owns appreciates and you sell it.
Re:The Rich Do Pay Higher Taxes Than You
by Catsandkites on Thursday October 10, 2019 @03:31PM
(#21218320)
Is that a good or fair argument though?
I get paid and pay 20% then 40% on the rest (banded)... Then as soon as I buy practically anything I'm taxed another 20% on top of that.
A corporation pays 19% and then those profiting from that owe 7/32/38% (depending on their total income).
Re:The Rich Do Pay Higher Taxes Than You
by ceejayoz on Thursday October 10, 2019 @03:21PM
(#21218225)
Salaries aren't paid out of earnings?
Not exactly, capital gains also cover things like passively growing trees as a land barron.
Re:The Rich Do Pay Higher Taxes Than You
by gamblor956 on Thursday October 10, 2019 @03:30PM
(#21218317)
That is why dividends are subject to special rates, not capital gains.