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Corporations are owned by people, start by taxing them simply. Income should be taxed the same whether it comes from a dividend, capital gain or as wages.
by jonknee 7y ago
Corporations are owned by people, start by taxing them simply. Income should be taxed the same whether it comes from a dividend, capital gain or as wages.
- skybrian 7y agoIt's a nice idea, but tricky to do. The difference is that wages and dividends get taxed in the year they happened and capital gains can't even be calculated until you sell an asset, because you don't know the price it's sold at. And capital gains taxes can sometimes be delayed forever (by not selling). You could mark to market, but it's tricky for investments that aren't liquid. Do you want to pay capital gains tax on your house every year because the market price is supposedly higher? Do you get it back if the market goes down again?
- int_19h 7y agoCapital gains are taxed when they're realized, and I don't think OP proposed changing that - only adjusting the rate so that it's not less than tax on regular income.