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Originally Posted by redpoint5
The simple fix is just to view capital gains as regular income at the point it's cashed out, then tax at whatever earned income rate that places a person at.
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Yes, that would be the simple fix - if our government wasn't controlled by the people getting the lower rate. Those people have also been successful in convincing a large segment of the US population that the the key to prosperity for all is to make the very wealthy even wealthier.
Quote:
Originally Posted by redpoint5
...and now I'm leaning back toward the federal sales tax. Simplicity.
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Simple but regressive. An income tax can be just as simple. It is in other countries. Individual income taxes should be as simple as payroll taxes.