Income earned from productive behavior should be taxed at a higher rate than income from other sources.
Income should never be taxed
No, but that's the way the current system is set up. I think individual rates, short-term capital gains rates, and long-term capital gains rates should all be the same.
Excellent observation and commentary!
individual rates and short term capital gains are taxed at the same rate - only long term capital gains are lower. personally, I like that long term capital formation and commitment is incented. if anything, short term capital gain rates should be much higher.
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