Comment on Oregon Explores Novel Way to Fund CollegeparentComments−arethuza13yI would have thought that something like this would be based on income, not capital gains.−fosap13yIn my understanding of the word capital gains are a subset of income.−jlal13yBut capital gains aren't taxed as income.http://blogs.reuters.com/felix-salmon/2013/06/05/why-capital...−arethuza13yProbably my UK bias showing - we have separate income and capital-gains taxes so I am used to thinking of them as different things although, as you point out, they are both "income".
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I would have thought that something like this would be based on income, not capital gains.
In my understanding of the word capital gains are a subset of income.
But capital gains aren't taxed as income.
http://blogs.reuters.com/felix-salmon/2013/06/05/why-capital...
Probably my UK bias showing - we have separate income and capital-gains taxes so I am used to thinking of them as different things although, as you point out, they are both "income".