Quote:
Originally Posted by Rainger99
I think every bill passed by congress is political.
But if you could make the decision, which group of workers should get the tax break? Explain how you reached your conclusion.
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The group of workers that should get the tax break is NO ONE or EVERYONE. Special carveouts always backfire.
The tax break that should be given, if one must, is to eliminate the tax on long term capital gains after changing the definition of "long term" to at least 2 or 3 years instead of 1. Much of what is being taxed is the unrealized inflation rate applied to the asset, which is ridiculous. Of course, this will never happen, bc then certain people would be screaming that it's a tax break for "the rich".