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Originally Posted by Torture
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A lot to read in there, but seems they're mostly talking about unrealized gains made on investments (stocks) to evaluate wealth.
True enough, but taxing based on unsold values of investments is a whole discussion in itself.
Also they mention the maximum capital gains tax rate in the US is 20%.
I wasn't aware it was so low. That certainly benefits people making investment income vs employee income.
Big advantage for the rich here as your average joe can't even pay their bills, let alone get into investments and capital gains.