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No Stupid Questions@lemmy.world · 2 days ago

Is it really possible to tax the rich?

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Is it really possible to tax the rich?

lionkoy5555@lemmy.world to

No Stupid Questions@lemmy.world · 2 days ago

And what would happen if we did?

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And what was the capital gains tax rate at that time? Why do wealthy people get to call their income something else and get taxed less on it?

You have to go even further back, for a time when both sources of income were taxed the same

https://www.wolterskluwer.com/en/expert-insights/whole-ball-of-tax-historical-capital-gains-rates

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