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

To: TimF who wrote (652533)	4/23/2012 11:13:13 PM
From: i-node	Respond to of 1579791

>> 1 - Government to be much smaller so both rates are low. This was the Reagan/O'Neill approach. The problem with it is that it lasts about 2-3 years before they start bumping the rates up again. >> 2 - Drop the corporate income tax, and index capital gains for inflation. That way you eliminate the main double tax issue (other than the estate tax), and you don't pay taxes on merely nominal gains. The game that is being played right now, IMO, is to eliminate the differentiation between cap gains and ordinary income and at the same time to eliminate the distinction between earned and unearned income. It is a trick IMO, as the payroll tax has always been lodged against earned income. By conflating these categories of income, the goal, I think, it to collect payroll taxes on all categories -- earned, unearned, and investment; which could be seen as a solution (or partial solution) to the god-awful mess of SS & Medicare.