News for hackers. Stuff that matters.
Re:Taxation of Carried Interest by Retric on Sunday June 10, 2018 @07:55AM (#17277682)
Corporate taxes include foreign companies which would otherwise extract money tax free from the US economy. Removing them is a terrible idea that increases the net US tax burden.

Further, the tax rate is less important than the fact capital can appreciate for 40 years without paying any taxes what so ever. Remember the robber barons accumulated vast wealth just fine in a time with extremely high personal income taxes. Those appreciated assets then pass on without ever being taxed at death.

There are no comments on this comment yet.