Quote Originally Posted by Seamus Fermanagh View Post
I have a bright chap in my comm class, b-student who owns his own tattoo parlor, who has been "paid" little or nothing since he bought a piece of the business, instead granting himself "stock" compensation in a closely held corp so that he can be taxed at 15% and not 35%.

Our current emphasis on income tax, at least as framed, fails to generate the revenues needed for sweeping improvements such as those suggested by Horetore and GC, AND manages to create stumbling blocks to wealth achievement. Trending towards the worst of both.
Increasing the capital gain taxes to normal income taxes or even the highest levels are a great reform for the US. Honestly, anybody going for a grassroot campaign should start here. It's easy to explain, easy to implement, simple and the top politicians will never touch it by themselves. Because they use it. And pay less taxes than those employed in the White House because of it.

Who has a lot of capital gain? Wealthy people. CEO:s who's changed their salary into divends. It slows down wealth accumulation and works as an indirect wealth tax.