by Will Rice
Excerpt: The tax code is very kind to people like me. By assets, I’m in the top 3-5% of all American households. But by wage income, I’m middle class and taxed accordingly.
How to make sure the tax code addresses both kinds of wealth? Tax capital gains and dividends at the same rate as wage income, or if anything higher not lower. Don’t abolish the inheritance tax. And don’t let anyone tell you America is broke. There is a lot of wealth out here that you’ll never see reflected in the lists of the highest-paid actors and athletes — don’t forget that. Many of the stealthy wealthy are banking that you will. [MORE]