Much confusion surrounds the subjects of earned and unearned income in the United States.
Of course, this confusion was deliberately manufactured by the men behind the curtain to conceal the true intentions of all involved: to justify the fleecing of more people by still more means.
For the purposes of income taxes in the United States, the federal government distinguishes between forms of income that are “earned” and others that are “unearned.”
“Earned” income includes wages, salaries, tips, and other taxable employee compensation, which are subject to deductions and, in most cases, a lower tax rate.
“Unearned” income, on the other hand, includes interest from savings accounts, bond interest, alimony, and dividends from stock, which are typically subject to one’s marginal tax rate.
The primary distinction drawn between “earned” and “unearned” income is a manufactured one between forms just as easily classified as “active” and “passive”, respectively.
In their attempt to discredit the…
Of course, this confusion was deliberately manufactured by the men behind the curtain to conceal the true intentions of all involved: to justify the fleecing of more people by still more means.
For the purposes of income taxes in the United States, the federal government distinguishes between forms of income that are “earned” and others that are “unearned.”
“Earned” income includes wages, salaries, tips, and other taxable employee compensation, which are subject to deductions and, in most cases, a lower tax rate.
“Unearned” income, on the other hand, includes interest from savings accounts, bond interest, alimony, and dividends from stock, which are typically subject to one’s marginal tax rate.
The primary distinction drawn between “earned” and “unearned” income is a manufactured one between forms just as easily classified as “active” and “passive”, respectively.
In their attempt to discredit the…