Submitted by Scarlet_pot2 t3_119p5js in singularity
Nanaki_TV t1_j9pdri6 wrote
Reply to comment by Ambiwlans in Bernie Sanders proposes taxes on robots that take jobs by Scarlet_pot2
You'd have to define since income Warren Buffett "makes more than his secretary" but not on his income taxes. Hence why he pays less income taxes than his secretary. This argument was all the rage of politicians years ago and it still bothers me.
Ambiwlans t1_j9q8b3d wrote
Do what Canada does and just make cap gains count 50% towards income. You get brackets built in.
Nanaki_TV t1_j9qbfjf wrote
I’m not an accountant but my personal cap gains sent me into a higher bracket so I had to pay more taxes. This was on Bitcoin I exchanged for a Tesla. 16k I owe in taxes now. It doesn’t really make sense to me that I owe money on cap gains at all. The government wasn’t there taking the risks with me. Only once I achieve profit do they take from me. I don’t think that’s the way to do it.
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