Apples and oranges. Ordinary income is not capital gains. If you buy your first stock, you are using money that was already taxed at the ordinary income tax rate.
I don't get why it is apples and oranges. Why is it fair to take 45% of the income I toil for, but it's OUTRAGEOUS to take 25% of someone's passive investment.
>If you buy your first stock, you are using money that was already taxed at the ordinary income tax rate.
Which is why we only tax the amount gained. I don't see why it should matter if the gain is an investment or working.
And a lot of my salary is a return on an investment that I made into my own education and training.
IMO, captial gains should be adjusted for inflation* and then taxed like any other income.
*you really do a have to adjust for inflation. Right now inflated gains (which aren't real) are taxed as if they are.
