Haven't Wealthy People Already Paid Income Tax?
The objection starts from something true: salaries, dividends, gains and estates all meet a tax. Income is taxed as a flow, wealth is a stock, and the receipt for one does not settle the other.
The objection starts from something true: salaries, dividends, gains and estates all meet a tax. Income is taxed as a flow, wealth is a stock, and the receipt for one does not settle the other.
