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Does it seem ethical never paying any income tax? I understand why some people will be upset, making less money than they expected. But if you were to judge the
by ohashi 5y ago
Does it seem ethical never paying any income tax? I understand why some people will be upset, making less money than they expected. But if you were to judge the system blindly without knowing if you were going to be in a position to take advantage of it or not, does it seem fair?
I think it would be hard to argue it's a good policy that some people pay zero taxes, especially on large sums of income. Simply paying capital gains which is below normal income rate seems like a decent compromise. Why should it be treated any different?
- romanhn 5y agoThe ethics I'm disputing are those of not grandfathering in those folks that have made financial decisions based on existing tax law. I would have made very different calls (quite likely more beneficial to my situation) had I not been relying on QSBS. I have no problems paying taxes in general, as one would with RSUs, for example.
- ohashi 5y agoI don't see the ethics in defending, but you're closing the loophole I intended to use. Pushed to the extreme, I bet slave holders were like, well I wouldn't have bought that slave yesterday if I knew you were going to free them today!
- romanhn 5y agoThat's a hell of a stretch there. Anything in the tax code can be a loophole if viewed from the right angle. I don't see anything unethical in taking advantage of a LAW that trades early risk-taking for some later tax break, for the benefit of small business creation. Anyways, we're getting dangerously close to Godwin's law territory here, so I'm bowing out of this thread.