OBAMA triples dividend tax?

[Standtall]

Originally Posted by independent

????

The market rewards people for going out and producing economic goods through there labor. It also rewards people for saving/investing. Any tax on either is theoretically a disincentive for that activity.

I want to minimize government's fiddling with the market by taxing both at the same rate. You think the gov't should interfere with normal market incentives by raising the tax on one and lowering them on the other.

It seems to me that you are promoting gov't interference, I'm promoting keeping the gov't neutral.

Raising rates on dividends and on capital gains means the government is neutral. Got it.

[FormLetter]

Originally Posted by Guerilla Poster

Investment and dividend income for corporate shareholders should be treated as if you own the company.

How is personal business income treated?

First define "personal business income". Do you mean a sole proprietorship filed on a Schedule C?

[Standtall]

Originally Posted by Guerilla poster

Investment and dividend income for corporate shareholders should be treated as if you own the company.

How is personal business income treated?

If you want to say income = income, I would be fine with that. However, you would have to accept that an investment loss should be a reduction to income for the current year from other sources of income.

At this point you have further expanded the complexity of tax reporting and collection. I made a bit too much at work this year, so I need to sell a few shares that have dropped in value to get my income down to a more suitable level?

I think the accountants would love it if income was income no matter how it was derived. Nothing pisses me off more than a happy accountant.

[Standtall]

Originally Posted by win diesel

murder/ suicide

It's always important to get the order right.

[gaddy]

Are we arguing what's ideal, what Obama should do to get re-elected, what we think Republicans could compromise to, or some other level? I think many are coming from varying premises.

[bdschobel]

Originally Posted by Standtall

If you want to say income = income, I would be fine with that. However, you would have to accept that an investment loss should be a reduction to income for the current year from other sources of income....

That's allowed today -- up to $3000, anyway. And the excess is carried forward.

Bruce

[gaddy]

Originally Posted by bdschobel

That's allowed today -- up to $3000, anyway. And the excess is carried forward.

Bruce

.

[independent]

Originally Posted by Standtall

Raising rates on dividends and on capital gains means the government is neutral. Got it.

Dividend rate = cap gain rate = labor income rate means the gov't is neutral.

If I could write the law, maximum tax rates would be lower than they are now.

[yoyo]

Originally Posted by independent

I want to minimize government's fiddling with the market by taxing both at the same rate.

that's a good idea. make it 15% across the board

[Guerilla poster]

Originally Posted by FormLetter

First define "personal business income". Do you mean a sole proprietorship filed on a Schedule C?

Don't know, say I own a gun shop.