Quote Originally Posted by ~Rocktar~ View Post
Capitol gains taxes are flat rate so schoolteachers pay the same capitol gains as billionaires you retard.
The point is that billionaires are able to restructure their activities so that more of their income is in the form of capital gains, which are taxed at a lower rate than salary income.

And capital gains are not taxed at a flat rate. The federal capital gains tax has three rates. The top rate of 20% applies only to taxpayers whose incomes, including capital gains, exceed $500,000. It's actually a bit above $500,000, but I don't want to look it up. Only after that income level does the rate become flat.