A paycheck -- that is, income from work -- is taxed at a higher rate than income from interest on capital gains and investments, the main source of income for most millionaires and billionaires. In addition, we shower wealthy folks with exemptions, credits, and deductions that amount to $1.1 trillion in giveaways each year.
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A paycheck -- that is, income from work -- is taxed at a higher rate than income from interest on capital gains and investments, the main source of income for most millionaires and billionaires. In addition, we shower wealthy folks with exemptions, credits, and deductions that amount to $1.1 trillion in giveaways each year.