"passive income" is not a tax term. Are you saying there should be a capital gai... | Hacker News

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roel_v on Nov 11, 2016 | parent | context | favorite | on: Vancouver plans to tax empty properties 1% of thei...

"passive income" is not a tax term. Are you saying there should be a capital gains tax at the same rate as income taxes?

SilasX on Nov 11, 2016 | [–]

The concept of passive income is used in tax laws, though in the US the term is "unearned income" (a term I really don't like).

caretStick on Nov 11, 2016 | [–]

Why not? Someone working their ass off for $300k shouldn't pay more tax than someone banking $300k in "long term" capital gains.

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