Not income at all which and also the reason why it’s taxed very differently (and perhaps unfairly).
Income is your wage or the actual money you make from your business. Most rich people generate wealth via their assets (e.g, the stock / property they own skyrocketed in value), and these are only taxed when sold and at a much lower rate.
Not income at all which and also the reason why it’s taxed very differently (and perhaps unfairly).
Income is your wage or the actual money you make from your business. Most rich people generate wealth via their assets (e.g, the stock / property they own skyrocketed in value), and these are only taxed when sold and at a much lower rate.