Quote:
Originally Posted by squiggs96
Why should I pay the government anything because I have a job and earn a salary at it?
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I think the theory on that is earning money from capital gains requires you to earn money via income, pay tax on that money, and use the after tax money to earn a return that has just as much chance of going down as it does up. I believe as well that if you earn your regular income from capital gains, in most cases it is taxed as regular income. Like I can't day trade and call it capital gains.
I also think property tax should be vaguely correlated to income as well. It's not reasonable to expect increases to continue at a pace that passes income.