​The concept of an income tax is just that, a tax on Income.  If you don't make any income, then you don't have to pay taxes.  There are lots of instances where business owners of all sizes go through years where they may not personally generate income or a taxable capital gain. 

 

Would it make sense to go after the guy who has been out of work for a year just because of his bank account balance or take money from your retirement in years you lost value?  That's not how an income tax works.  Don't like it?  Blame the people who started the income tax: Progressives. 

 

We have gone through an almost infinite number of iterations and now have a code that is 72 THOUSAND pages long.  It was started under the premise that one day if we wear the right pants suit we would all magically arrive at an equal income utopia with Bernie sanders driving a VW van as our guide.  How's that working out for you?

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