Quote:
Originally Posted by SuckOnThis
Agreed. I think one of the biggest injustices in our tax system is the fact that capital gains is taxed at a much lower rate than labor. They are both considered income, it makes zero sense other than the fact that those who make the laws voted themselves a better tax rate.
|
Why doesn't that make sense?
If you have a regular 40 hour a week job and you save back some money to invest each week out of your paycheck you have already paid you share of income taxes on that money.
So you buy some stock with that saved money and it doubles.
You think you should pay the same tax rate again on that money?