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It is absolutely regressive when the top earners, presumably earning millions more than I do, end up paying less tax than I do.
by saberience 8y ago
It is absolutely regressive when the top earners, presumably earning millions more than I do, end up paying less tax than I do.
- refurb 8y agoWhat if they are applying a carry loss forward that year? To account for all the money lost in an investment last year? Should we stop doing that?
- jessaustin 8y agoSay we do take this option away from rich people. What are they going to do with their money? They aren't going to shove it under the mattress. Instead, they will consume more and invest less. Consumption is good, right? More dollars chasing goods and services will drive profits and wages up. That will encourage investment, not just from rich people who are subject to USA tax but from all over the globe. What's not to like?