Originally Posted by MTUpower

Originally Posted by Chas H
"There ya go. Who's to decide what is work or isn't? The fair solution would be to consider all forms of income the same."




Since capital gains taxes are on an asset which was bought low and sold high, the money to buy the asset was taxed on money the person earned elsewhere. If I buy a stock and sell it when it gets higher I owe the capital gains tax- but I already paid taxes on the money which I used to buy the stock. Taxing a person twice for utilizing wisdom with his money while risking it also is obviously controversial. At some point the super rich- the .5% perhaps, ought to have a tax like this- someone with a family income of less than $100K does not need another higher tax for risking and succeeding with his money.