Comment by WalterBright
6 days ago
You can invest in stocks, too. Over time, it will pay more than your salary.
If you bought a house, and it goes up in value, that increase will be a capital gain taxed at capital gains rates.
6 days ago
You can invest in stocks, too. Over time, it will pay more than your salary.
If you bought a house, and it goes up in value, that increase will be a capital gain taxed at capital gains rates.
So how "over time" do I need to wait until I start paying the same tax rate as a billionaire? Seems like your solution to "the rich pay less tax" is "well, everyone should just be rich then"?
"Let them eat cake" makes for extremely poor federal revenue policy.