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You'd penalize the investment gains with double taxation. The person already paid income taxes on the money that was used to generate the $25K. Why should gov

by ckinnan 18y ago

You'd penalize the investment gains with double taxation. The person already paid income taxes on the money that was used to generate the $25K. Why should government policy penalize savings and investment?

dangoldin 18y ago
So if I buy a lottery ticket for $1 and then use it to win $50 million I shouldn't be paying taxes on the $50 million because I already paid income taxes on the $1?
jfarmer 18y ago
Because it's not necessarily in our interest to favor capital over labor.