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Reply to "Taxes - where should top tax rate be set and at what %?"
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[quote=Anonymous][quote=Anonymous]Actually, we don't need to raise tax levels. We just need to require earned AND unearned income to be taxed at the same rate. The IRS should look at all forms of income and tax the individual holistically, regardless of the source of income. This bifurcation into earned income vs. unearned income is just a giveaway to those who get all their income from passive means. No form of income should be preferred.[/quote] Just so long as you understand there are externalities if you do this. Raising the cost of capital does have consequences.[/quote]
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