Easy logic

Reader comment on: Kristof, Taxes and Billionaires

Submitted by Andy (United States), Jul 7, 2011 14:44

"Mr. Kristof doesn't explain why labor should be taxed higher than capital..."

I would think that the answer is obvious. Most of us who are workers pay a higher rate than 15% on our wages; I do not employ any personal capital in the day-to-day work that I do yet the government taxes me at a marginal rate of 25%. The only thing I bring to the equation is my labor. Hence, if I am paying a higher rate on my labor, why shouldn't wealthy hedge managers?

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Other reader comments on this item

Title	By	Date
Carried interest issues [319 words]	G. Thompson	Jul 8, 2011 14:10
Poor logic [152 words]	John	Jul 7, 2011 22:48
⇒ Easy logic [w/response] [87 words]	Andy	Jul 7, 2011 14:44
Another loophole to close. [90 words]	Lyle	Jul 7, 2011 14:17
absurd [202 words]	Teo	Jul 7, 2011 13:34
incentives [73 words]	Jonathan N	Jul 7, 2011 12:01

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