this post was submitted on 23 Oct 2023
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Interesting Global News

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[–] [email protected] 3 points 1 year ago (2 children)

Income tax, as far as I know, came as a replacement for basic “per-person federal tax”. It has the nice effect of not extracting money from anyone not making money, and also makes it harder to circumvent basic lump end-of-year taxation.

[–] [email protected] -1 points 1 year ago

Taxing capital gains better wouldn't tax people not making money, either, however it has the advantage of not taxing people who are already giving up the most valuable thing in service: time.