4 ms·
> It recognizes that income derived from investments is riskier and applies a discount. It's unclear why as a matter of tax policy we want to discount taxes b
by ghouse 7y ago
> It recognizes that income derived from investments is riskier and applies a discount.
It's unclear why as a matter of tax policy we want to discount taxes because risk is taken. If an investment results in a loss, that loss is permitted to offset gains elsewhere.
- jogjayr 7y agoBecause the policy doesn't just cover a diversified investment portfolio where a loss on one transaction offsets other gains. Small business owners put a significant chunk of savings and all their time into their business. What gains are they going to write down if their business goes under?
- danaris 7y agoIs there a reason we can't classify a wholly-owned business differently from shares of stock, for tax purposes?