Here’s the new thing I learned today

On this blog, The Big Questions, Steven Landsburg explains how we incorrectly view taxes on capital gains and interest in today’s post, Getting it Right.

We normally view income from capital gains and interest the same as income from wages.  But, it’s not the same.  We forget that we already paid taxes on the capital when we initially earned it as income.

He explains it much better than I.  Read his post.

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