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Politics : A US National Health Care System?
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To: Road Walker who wrote (13516)2/22/2010 12:16:53 PM
From: Lane3  Read Replies (2) of 42652
 
So you think passive income should be taxed at a lower rate than work income?

We were discussing this in a moral context, namely the Protestant Ethic. From that perspective I don't see why they should be taxed differently. They are both honest and useful. I can make no moral distinction.

But tax policy has an economic component. Actually, I think that the economic component should dominate. So IMO the two should be taxed at whatever rates produce the best overall economic result. I have not studied the economics of taxation to the point of having an opinion on whether or not there is economic benefit in taxing them at different rates. If it turns out that passive income is better taxed at a lower rate, so be it.
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