3 ms·

Seems perfectly fine to me. Gifts are taxed in the US. If it causes resulting problems, deal with it then. Don't let perfection be the enemy of good.

• buzzerbetrayed 6y ago
  How is this considered "good" in this scenario? Income is taxed anyway. So how to rerouting money away from "taxed income" to "taxed gifts" help anything?
  • IanCal 6y ago
    It would mean that income is taxed twice or equivalent to it being taxed higher. Under a core assumption here that the tax revenue is used to help, this is better than it not happening. More importantly though, it's not a precise tax plan it's intended to show the absurdity of the outcome we currently have rather than show a particular way out. That the answers are often "but there would be loopholes" rather than "having people amass much more wealth is inherently good for us all" is telling.
  • 8note 6y ago
    This wealth might not be accumulated through income, and thus not taxed as income?