Quote:
Originally Posted by JMvS
I am not too familiar with the American Taxing System, but I guess no source of revenue should be less taxed (is it the case for capital revenue, and speculative gains?).
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Unfortunately, in America, if you work doing labor, you are taxed at a higher rate than if you earn your money using speculative vehicles. In addition to special rates on Capital Gains,
hedge fund operators have a special loophole so most of their income has a tax rate of only 15%, despite the fact that some of them LITERALLY earn over a Billion dollars in a year. So someone who pulls in over a Billion dollars gets taxed at 15% while someone fixing cars, or putting out fires, or educating the next generation pays 35%.