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Joined 2 years ago
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Cake day: June 17th, 2023

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  • They only get taxed on the gain you made on that money. It’s a tax on the additional revenue an investment provides.

    Capital gain tax is already a measure for the rich, since it is only taxes on 50% of the gain. People that can have significant revenues from investments (eg people with money), will be taxed at much lower rate than if they would make that same money through a job.

    Let’s give you an example:

    You have a salary of 100 000$ and have 1 000 000$ in investments. Your marginal tax bracket is 40% (for this exercise let’s also consider there is no additional tax bracket). After tax, your salary is 60 000$. With your investment, you make 10% annually, so that is an additional 100 000$! If it were taxed as revenue it would cost you 40 000$ in taxes, but since capital gain is only taxed at 50%, you only pay 20 000$ in taxes. That leaves you with an additional 80 000$! So even if you’re making the same revenue from your salary than from your investments, you have more money left in your pocket from the money made from an investment than from your salary.

    That’s why it’s considered a measure for the rich, you need to be able to have a significant investment to be able to be taxed at a lower rate than you should.
















  • A lot of things could go there i guess haha, here’s some things I’m thinking of at this moment:

    1. a dishwasher. I will never go back this is the best invention humans created since the wheel
    2. AC. Same as above it changed my life
    3. keybar. This is a nice tool to manage keys and some other tools in a swiss-army like format.
    4. a good usb-c docking station. I need to jungle between multiple laptops for work, this really helped doing that.
    5. Going full public transit, bike and carsharing (communauto). Less traffic, and between these options it’s rarely more difficult than a car. And muchhhh cheaper, with gas, maintenance, taxes and depreciation it’s a bit crazy how much you put towards a car. It really helps to live comfortably with my budget.