Sweeping Reform Would Tax Capital Gains Like Ordinary Income

Re:Sweeping Reform Would Tax Capital Gains Like Ordinary Income by petermcneeley on Sunday April 07, 2019 @11:50AM (#19597532)

Or we could tax income like we tax corporate profit. The profit of a person is what remains after all the expenses. So only the net cash year over year is taxable.

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Re:Sweeping Reform Would Tax Capital Gains Like Ordinary Income by cheerlessbog on Sunday April 07, 2019 @12:03PM (#19597645)

What would be legitimate expenses?

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Re:Sweeping Reform Would Tax Capital Gains Like Ordinary Income by burlesona on Sunday April 07, 2019 @12:08PM (#19597684)

For an individual probably just about anything. I’m guessing the benefit of the OPs idea is it punishes savings this has a stimulus effect. But, personally, I’m not a big fan of punishing savings.

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Re:Sweeping Reform Would Tax Capital Gains Like Ordinary Income by petermcneeley on Sunday April 07, 2019 @04:32PM (#19599658)

I was just more commenting on how taxing income of an individual is more like taxing revenue for a corporation.

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