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Politics : American Presidential Politics and foreign affairs
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To: TimF who wrote (49839)3/11/2012 1:03:44 AM
From: DuckTapeSunroof  Read Replies (1) of 71588
 
There is nothing 'murky' about it at all.

If you USE YOUR OWN MONEY, (if you have, as the saying goes: 'skin in the game', you have put your own money at risk in an investment), then if you are lucky enough to see earnings come back from that investment those earnings should meet most any of the classic definitions for what is "capital gains".

If you don't then it isn't.

(However there still should be no distinction made in our tax codes whatsoever between one man's income and another man's. ALL INCOME, regardless of source, should be taxed at the same low fair flat tax rate. No favors. No special interventions by the government to advantage one man and disadvantage another. No government putting their big fat thumb on the economic scales, distorting rational economic incentives. No special interest loopholes, no tax expenditures at all.)
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