Originally Posted by
Sunvox
My brother-in-law wrote a book on the topic. I found it informative.
https://www.amazon.com/Citizens-2-So.../dp/098283280X
Consider this:
1) A man digs ditches 40 hours a week and earns X and pays tax on every hour of income, and if his per hour earnings increase he pays more tax?
2) A rich trust fund kid hangs a Picasso on a wall and the Picasso appreciates by $1 mil. That person pays no tax.
Society requires taxation. Does taxation of labor make more sense than taxation of wealth?
What is his capitol gains rate if he sells said painting for $1 million profit?