AdventureBum t1_jdnd5u9 wrote on March 25, 2023 at 6:14 PM

Reply to comment by Jetlaggedz8 in Washington Supreme Court upholds new capital gains tax by Bozzooo

Honestly, I'd love to be making $25K or more in capital gains a year. If I were I think I could afford to pay a little tax on whatever I make more than that.

FireAntHoneyBadger t1_jdntslj wrote on March 25, 2023 at 8:13 PM

Why not voluntarily pay a little more on what you make now? Or advocate a little more for people who make your bracket of money?

AdventureBum t1_jdo283x wrote on March 25, 2023 at 9:15 PM

I don’t have any capital gains, and I think it’s bullshit that they’re taxed at a lower rate than earned income.

FireAntHoneyBadger t1_jdotr3p wrote on March 26, 2023 at 12:44 AM

Capital gains come with risks. Many people lose money when investing their money. Encouraging investment in companies is what makes humans flourish rather than squirreling the money away in a mattress.

AdventureBum t1_jdoucyr wrote on March 26, 2023 at 12:48 AM

It’s also how the rich make the bulk of their wealth, which they then use to leverage non-taxable loans.