Re:Raise the capital gains tax and treat investment earnings...
by dragonwriter on Monday January 28, 2019 @06:48PM
(#19022304)
> As a general rule, taxation of returns on savings is always double taxation.
Not any more than any other taxation.
> Money today is not worth the same as an equal amount of money five years from now
That's a good reason for inflation adjusting basis values when computing gains, but it's not a good argument for not taxing them, or for taxing them at a preferential rate.
> an equal amount of money after it has been invested in a risky venture with a substantial chance of losses.
The loss either happens or it doesn't, once it has or hasn't, what is left is the same as the same amount of money acquired by other means.
Not any more than any other taxation.
> Money today is not worth the same as an equal amount of money five years from now
That's a good reason for inflation adjusting basis values when computing gains, but it's not a good argument for not taxing them, or for taxing them at a preferential rate.
> an equal amount of money after it has been invested in a risky venture with a substantial chance of losses.
The loss either happens or it doesn't, once it has or hasn't, what is left is the same as the same amount of money acquired by other means.