Tag: capital gains
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Long-term capital gains should be taxed as ordinary income, full stop
Taxing investment income at lower rates than wages distorts the economy, widens inequality, and rests on weaker evidence than its defenders claim.
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The step-up in basis is the single biggest wealth-transfer loophole and untouchable
The step-up in basis erases trillions in capital gains tax at death. Every reformer eyes it; none touch it. Here’s why it survives every administration.
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The American tax system is a wealth-preservation engine
Wages get taxed at full rates while capital, inheritance, and asset appreciation get every break in the code. The system isn’t broken — it’s working as designed.