Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats
by dragonwriter on Saturday September 26, 2020 @10:57PM
(#24603865)
> Income taxes are a tariff on labor.
Payroll taxes are a tariff on labor, income taxes include non-labor (but “long-term” capital only at a favored rate) income, so aren't exactly a tariff on labor, though they also aren't neutral between sources of income.
Payroll taxes are a tariff on labor, income taxes include non-labor (but “long-term” capital only at a favored rate) income, so aren't exactly a tariff on labor, though they also aren't neutral between sources of income.