Taxation is an important, complex, and necessary issue. As they say: the only two certain things in life are death and taxes. While the overall role and purpose of taxation (basically, providing public goods and redistribution) are important, one striking observation is that labour and capital income are in most countries taxed differently. While personal labour income is taxed typically at a increasing marginal tax rate, capital income and gains are in most cases taxed at a fixed capital gains… Continue reading Tax reasons for investing