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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b]The wealthy need to pay more on investments - a wealth tax if you will.[/b]

People who earn money through labor, of whatever kind, are taxed more than enough already.

I'm also pretty certain that many people roll the social security/medicare cut of their check into what they think are income tax or "taxes". Despite them paying no income tax. [/quote]

I need to understand this better as I’m not sure I agree with this.

For example, I work and get paid $100. I get taxed and take home $75. I’m ok with that. Of that $75, I decide to take a portion and save/invest. Why should I pay additional taxes on any earnings I make from that?  I invested with money I already paid tax on. [/quote]

Any time money exchanges hands in our system you are supposed to be taxed.  The earnings on your investments do not float to you from the air.  Apple gives you a dividend?  You should get taxed.  There is no logic for my employer paying me and I pay a tax, but Apple pays you, but you don’t pay a tax.  The loopholes around this are a big driver of inequality.  I as a wage earner can never catch up to you and your investments if your money keeps compounding with no tax.[/quote]

Uh, taxpayers pay taxes on stick dividends. The only thing they don't pay taxes on are tax-free vehicles, which a lower rate for the benefit.[/quote]

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