What is it if not a punishment? If you’re a high earner (not obscene earner, mind you) you already pay 50+% in taxes, on top of that you now have to pay even more?
Couldn’t it just as easily be equivalent to saying “you grew this year, so contribute some money back to society for enabling you to have the educated hiring base/financial infrastructure/physical infrastructure that enabled you to grow”?
Like, sure, you don’t owe growth taxes for a quarter when you didn’t grow. But why should you be refunded just because prior taxable growth isn’t denominated in money in a bank account?
wiseowise|1 month ago
danslo|1 month ago
zbentley|1 month ago
Like, sure, you don’t owe growth taxes for a quarter when you didn’t grow. But why should you be refunded just because prior taxable growth isn’t denominated in money in a bank account?