Toro
Diamond Member
And BTW.... what you have accumulated before is of no concern to anyone, including the government... I don't care if you have $5BIL sitting in a safe... you get taxed on the income, not on what you have amassed
I agree with this completely.
The absolute worst taxes from an economic standpoint are taxes that are taxes on capital, which differs from taxes on income from capital.
There should be no taxes on capital, at least from an economic perspective.