> there is no progressive taxation for capital gains
(I know this is not your main point, but) short-term capital gains are taxed at the same rate as ordinary income, and long-term gains have three brackets (0%, 15%, and 20%).
(I know this is not your main point, but) short-term capital gains are taxed at the same rate as ordinary income, and long-term gains have three brackets (0%, 15%, and 20%).
Just about the highest in the developed world IIRC.