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Sunday Night Jazz: Wolfgang Muthspiel Quintet, "Where the River Goes" [VIDEO]

146
Wendell Zurkowitz ((slave to the waffle light))12/16/2019 9:57:31 am PST

re: #142 lawhawk

A big part of that discrepancy is because we tax capital gains differently - long term gains are taxed at a lower rate than short term gains, or income. So a millionaire who socks away lots of stock can pay far less in tax as a percentage of their income thanks to these legal tax shelters.

We are supposed to be incentivizing Job Creators, not tax havens.