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Or we could tax income like we tax corporate profit. The profit of a person is what remains after all the expenses. So only the net cash year over year is taxab
by petermcneeley 8y ago
Or we could tax income like we tax corporate profit. The profit of a person is what remains after all the expenses. So only the net cash year over year is taxable.
- cheerlessbog 8y agoWhat would be legitimate expenses?
- burlesona 8y agoFor an individual probably just about anything. I’m guessing the benefit of the OPs idea is it punishes savings this has a stimulus effect. But, personally, I’m not a big fan of punishing savings.
- petermcneeley 8y agoI was just more commenting on how taxing income of an individual is more like taxing revenue for a corporation.