(04-28-2024, 08:46 AM)Sneakers Wrote:

(04-26-2024, 10:33 PM)mikesez Wrote: Yes, but if you're going to lower taxes to stimulate economic activity, lower them on wages as well.  Those wages not only generate good feelings but also generate taxes beyond like sales tax, gas tax, and bed tax when the happy worker spends his extra money and goes on vacation.

Just treat income as income.  That's all I'm saying.

Should income generated from investments that carry a risk of loss be taxed at the same rate as all other income?

I could lose my job tomorrow and so could you.  That's a risk.

So yes. Absolutely.

You want us to cry over the investor's risk of loss? The investor is blessed to have that extra capital in the first place. I'm certainly not an "eat the rich" guy but I'm not going to lick their boots either.

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(04-28-2024, 11:50 AM)flsprtsgod Wrote:

(04-28-2024, 10:43 AM)Sneakers Wrote: At all levels?  I'm all for reducing government spending, but where we will make up the resulting shortfall, assuming all else stays untouched.

Oh, 75% of the government needs to go too, but a sales tax is far superior to an income tax for both freedom and fiscal policy reasons. The Fair Tax, long dormant, is the ideal...but that would mean too many people free of the government's clutches, so we can't have that.

The "prebate" that is proposed with the "fair tax" would basically be another IRS 1040 form so I don't see the benefit.

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