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The most politically tenable way to end long term unrealized gains is 1. drop the corporate tax rate to 0%. Most notably, these corporations would follow the R
by smileysteve 5y ago
The most politically tenable way to end long term unrealized gains is
1. drop the corporate tax rate to 0%. Most notably, these corporations would follow the REIT tax policy that requires them to distribute > 90% of taxable income to shareholders.
2. Move Social Security and Medicare into the Progressive Income Tax (it being flat on income is regressive)
3. Offset #1 and #2 with a higher income tax (especially for capital gains)
- HWR_14 5y agoFor (1) You can set up pass thru entities that pay 0% tax and distribute 100% of their profits. The income is then taxed as regular income by the shareholders.