With all the pontificating going on about Donald Trump’s “loss carryforward” and whether he’s paid any income taxes lately, there’s one simple fact that’s worth acknowledging: Anyone who makes money via investing probably pays a much lower tax rate than a middle-class American who works 40 hours a week.
That’s not politicking but simple math, said Joe Heider, president at Cirrus Wealth Management in Cleveland.
“If it’s actually earning income through a salary or the management of a business, it’s very difficult to escape taxation,” Heider said. “Our tax system favors the ultra-rich with a high net worth who aren’t earning their income as a salary.”
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