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Non-Tech : Who Really Pays Taxes?
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To: Lizzie Tudor who wrote (267)8/15/2000 4:33:41 PM
From: PMS Witch  Read Replies (1) of 666
 
Capital gains ...

I don't know the justification for taxing capital gains at a different rate than income, but if I were to guess, it's because for capital to be accumulated it must have, at one point, been earned, and taxed as income at that time. If this is the case, it's simply an attempt to reduce multiple-taxation.

Does it seem odd that if person A spends their paycheque and person B invests theirs, that the paycheque is taxed once in the hands of A and continually in the hands of B?

Hope this doesn't start another war.

Cheers, PW.

P.S. If option grants are brought about by the receiver being employed by the firm, they bear the characteristics of income and are taxed as such. This seems reasonable.
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