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Politics : Formerly About Advanced Micro Devices
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i-node
To: i-node who wrote (759759)12/28/2013 1:50:13 AM
From: TimF1 Recommendation   of 1575900
 
Because Democrats, when they enacted Medicare & SS, specifically stated they were going to finance these programs with taxes on EARNED income.

And because unearned income is mostly investment income, and investment income

1 - Is very important and which incentives the investments that help increase wages/earned income.

2 - Is more mobile and more easily chased away, hidden or distorted by taxes.

3 - Is often capital gains, which are not adjusted for inflation, and so while nominally taxed at a lower rate than earned income can in practice easily be taxed at a higher rate, or even an effectively infinite (technically divide by zero error) rate when nominal gains are positive but real gains are zero (or negative).

4 - Also can be dividends, which are often paid out of after-tax money by the company you own part of, so you effectively paid for them already.

5 - Are sometimes income on tax advantaged bonds where you give up some interest in lieu of taxation.
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