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Get rid of corporate taxes, get rid of Roth funds, and treat all capital gains as ordinary income at the time the gains are realized. Problem solved.
by hurricanetc 7y ago
Get rid of corporate taxes, get rid of Roth funds, and treat all capital gains as ordinary income at the time the gains are realized.
Problem solved.
- thebean11 7y agoWhy get rid of roth funds? I'm guessing you're super against progressive taxes?
- hurricanetc 7y agoRoth funds are the opposite of progressive. It’s possible to accumulate millions in roth funds where the eventual net effective tax rate is close to 0%. We already put income caps on roth funds for this reason but it’s just too easy to game. More important than that is just normalizing taxes to something people pay when they realize income instead of this convoluted system we have now.