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They have to come together, or it won't work. And perhaps Buffet did make it sound that way. I wonder how many people understand the difference between capital gains taxes and income taxes. It appears that they don't know the difference between income taxes and payroll taxes either, or the oft asserted phrase "poor pay no taxes" wouldn't draw fire the way it does. Anyway, there shouldn't be a difference. If we're going to tax income, then we should tax all income the same. Of course, that won't happen because, as I said before, the people making the tax laws get most of their income from capital gains.Or, perhaps capitol gains would be a better phrase?
They have to come together, or it won't work.
And perhaps Buffet did make it sound that way. I wonder how many people understand the difference between capital gains taxes and income taxes. It appears that they don't know the difference between income taxes and payroll taxes either, or the oft asserted phrase "poor pay no taxes" wouldn't draw fire the way it does.
Anyway, there shouldn't be a difference. If we're going to tax income, then we should tax all income the same. Of course, that won't happen because, as I said before, the people making the tax laws get most of their income from capital gains.
Or, perhaps capitol gains would be a better phrase?
