Wages are taxed at up to 45%, capital gains are taxed at 10% and dividends are taxed at 8.75%. The rich take most of their income in capital gains and dividends.
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Accountant here. Your overall point is correct but the %s you state overblow it. You quote only the highest tax rate for wages and lowest for capital gains and dividends. Capital gains can be taxed at up to 28%, dividends at up to 33.75%. Wages can be taxed as low as 20%. No misinformation please.
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Dividends are distribution of profit so the business is also subject to Corp tax.
I take dividends out of my company and the total tax is around 27.75% (19% + 8.75%).
Still lower than tax on wages though.