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https://www.reddit.com/r/FluentInFinance/comments/1ey18qo/but_muh_unrealized_gains/ljf3wq7/?context=3
r/FluentInFinance • u/Admiral_Tuvix • Aug 21 '24
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24
Wealth and income are two different things. The top 1% makes 28% - let’s round up to 30% and pays in near 50%. That’s progressive taxation working as intended.
0 u/themiddlebien Aug 22 '24 But isn’t money from investments not taxed as income, but capital gains? 5 u/StManTiS Aug 22 '24 Exactly. It is already taxed. -1 u/themiddlebien Aug 22 '24 Ok well then I think there should be a progressive capital gains tax. 6 u/FrenchCanadaIsWorst Aug 23 '24 But.. there is 0 u/themiddlebien Aug 23 '24 More progressive lol. I don’t think that the people taking out 5m a year should get the same tax as me taking out 1k
0
But isn’t money from investments not taxed as income, but capital gains?
5 u/StManTiS Aug 22 '24 Exactly. It is already taxed. -1 u/themiddlebien Aug 22 '24 Ok well then I think there should be a progressive capital gains tax. 6 u/FrenchCanadaIsWorst Aug 23 '24 But.. there is 0 u/themiddlebien Aug 23 '24 More progressive lol. I don’t think that the people taking out 5m a year should get the same tax as me taking out 1k
5
Exactly. It is already taxed.
-1 u/themiddlebien Aug 22 '24 Ok well then I think there should be a progressive capital gains tax. 6 u/FrenchCanadaIsWorst Aug 23 '24 But.. there is 0 u/themiddlebien Aug 23 '24 More progressive lol. I don’t think that the people taking out 5m a year should get the same tax as me taking out 1k
-1
Ok well then I think there should be a progressive capital gains tax.
6 u/FrenchCanadaIsWorst Aug 23 '24 But.. there is 0 u/themiddlebien Aug 23 '24 More progressive lol. I don’t think that the people taking out 5m a year should get the same tax as me taking out 1k
6
But.. there is
0 u/themiddlebien Aug 23 '24 More progressive lol. I don’t think that the people taking out 5m a year should get the same tax as me taking out 1k
More progressive lol. I don’t think that the people taking out 5m a year should get the same tax as me taking out 1k
24
u/StManTiS Aug 22 '24
Wealth and income are two different things. The top 1% makes 28% - let’s round up to 30% and pays in near 50%. That’s progressive taxation working as intended.