this post was submitted on 25 Aug 2023
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Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
founded 2 years ago
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You're funny. I hate pulling rank but you're tangling with a cpa who specializes in tax for high and ultra high net worth individuals. The audacity of telling an SME they are wrong about a technical subject in their own field, lmao!
Long term capital gains are taxed preferentially up to 23.8% under current tax law. Unrealized capital gains can be deferred indefinitely, but one way or another, they will be taxed, either when they're sold or after death via estate tax.
If you're upset about the preferential treatment of LTCG then be comforted knowing there's an extra layer of corporate tax above those gains, so in the end it evens out to something closer to 40% when all is said and done. If that still isn't enough for you then just crank up the tax rate.
Once again, income tax is just fine, no need for a wealth tax. Banish the thought.