[quote=AN][quote=SK in CV]
Straw man argument. Nobody has suggested such a preference. Historically, the US tax code has provided preferences both for earned and various types of unearned income. With very minor exception there is little empirical evidence that rate changes, by themselves, either promote or reduce the availablity of capital or labor.[/quote]
Are you sure nobody has suggested such a preference? Here, I’ll help you out:
[quote=CA renter]IMHO, we need to discourage gambling and encourage work. That’s why I would lower the rate on **earned** income, and tax investment income at a much higher rate, with steeply progressive rates.[/quote]
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I understand the confusion. It was the other preference you suggested that was straw.
[quote=AN]So those who prefer active income vs passive income prefer people working till they die vs being able to retire. After all, once you retire, you’re not making active income anymore.[/quote]
