Not at all, see my subsequent posts. I wasn’t making an argument either, just pointing out that capital gains and salary are taxed at a different rate; that is the reason for the disparity. I do think its unfair and absurd, but I favor a massive slashing of the federal budget, a concomitant reduction in all tax rates and/or a repeal of the income tax altogether - not a rate increase on investment capital, surely not.
“Not at all, see my subsequent posts. I wasn’t making an argument either, just pointing out that capital gains and salary are taxed at a different rate; that is the reason for the disparity. I do think its unfair and absurd, but I favor a massive slashing of the federal budget, a concomitant reduction in all tax rates and/or a repeal of the income tax altogether - not a rate increase on investment capital, surely not.”
In that case, I agree with you on all points.
“I do think its unfair and absurd”
No, it’s not. Why, oh why, does everyone forget capital gains are double taxed? Why is the Vat such a deep, dark secret? To aski, I guess, is to answer my own question. It benefits the government to keep it secret, and so it shall be.