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Do you think lower rates for long term capital gains incentivizes investment? With the current proposal a windfall of inheritance would not be taxed but a unic
by greenail 5y ago
Do you think lower rates for long term capital gains incentivizes investment? With the current proposal a windfall of inheritance would not be taxed but a unicorn founder would. if the goal is to grow the economy so everyone can see the gains I would think the capital gains incentive makes up for the lack of revenue with economic growth.
- dragonwriter 5y ago> Do you think lower rates for long term capital gains incentivizes investment? I think the degree to which you want to incentivize investment is highly variable over time and a central focus of monetary policy, not something you want to blindly bake into income tax policy, especially in a way which actively exacerbates inequality, when relative deprivation manifestly is a much greater source of disutility in the developed world than absolute deprivation. > With the current proposal a windfall of inheritance would not be taxed but a unicorn founder would. We have an estate tax for windfalls of inheritance; but, yes, I agree that it would be better to abolish estate and gift taxes in favor of taxing those as income to the recipients, too. (As with other income sources, allowing spreading via advance and/or deferred recognition).