Sir_Christo_of_Black_Mountain on Nostr: Billionaires pay taxes on capital gains, not W2 income. Which is why the rate would ...
Billionaires pay taxes on capital gains, not W2 income.
Which is why the rate would be lower. But the top 50 percent of income earners pay 97% of personal income taxes collected.
Which means the rich pay an enormously disproportionate share of the federal income tax.
Raise the capital gains tax and you slow investment, which slows the economy.
So Unca Joe can't have it any way he wants it. It's just math.
Published at
2024-06-06 01:52:06Event JSON
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