taxation

[BigV]

Lots of people, MOST people have income from more than one source.

wages, salary, interest, capital gains, gambling winnings, lottery, dividends, "carried interest" (we'll get to this one, I promise). On and on, there are lots of different kinds of income. Different kinds of income might be taxed at different rates. This variability has lots of effects on our lives. It makes some kinds of income preferred, that is taxed at a lower rate, it can encourage people to use their money in one way or another, and this might be a desirable effect. One thing is ABSOLUTELY DOES is complicate matters, and usually confuse matters. It makes it possible to make imprecise statements that appear to contradict each other and still be literally true.

It wearies me.