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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (525130)11/2/2009 9:42:59 AM
From: i-node1 Recommendation  Read Replies (1) | Respond to of 1579297
 
>> Passive income over active income

The origin of IRC 469, proposed by Reagan, was not to "incentivize" anything.

The Reagan administration wanted to plug a loophole which allowed taxpayers to offset earned income with losses generated by interests they purchased.



To: Road Walker who wrote (525130)11/2/2009 3:13:30 PM
From: Tenchusatsu  Read Replies (1) | Respond to of 1579297
 
RW, > The tax code manipulates 1000's of incentives.

Exactly. Government pretty much wants to control everything via the tax code.

Incomes not equal? Tax the rich. Doesn't matter if it actually does anything to close the gap between rich and poor as long as your heart is in the right place ...

Tenchusatsu


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