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This is going after capital income. This is a major write off that is used to bypass taxes on capital gains and income.
by chung8123 3y ago
This is going after capital income. This is a major write off that is used to bypass taxes on capital gains and income.
- dllthomas 3y agoI believe what was intended by "tackling capital income" is reducing the favorable treatment of income derived from capital relative to income derived from labor.
- chung8123 3y agoI agree but it doesn't matter either way if donations are a tax write off. In some cases these are write offs with no personal benefit but in some they are just shifting the money to a place where the user still has complete control. I am ok with throwing the baby out with the bath water here. I want churches, billionaires, school endowments, and everyone else to pay taxes like everyone else.