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A comment on The state of the restaurant industry. Parent comment

Re:The state of the restaurant industry by ghouse on Tuesday March 17, 2020 @02:55PM (#22608731)
That's why we (US, and much of the world) have progressive tax rates for earned income. Though in the US, we then give lower tax rates for unearned income...
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Re:The state of the restaurant industry by abvdasker on Tuesday March 17, 2020 @03:00PM (#22608790)
You alluded to this, but in reality effective tax rates in the US are actually flat or even regressive due to the favorable tax treatment of investment income as well as the massive deductions for property ownership:

https://www.nber.org/papers/w20625

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