Capital Gains Tax Restructuring
What would happen if we eliminated corporate tax except for penalty taxes and raised capital gains tax significantly? (maintaing the same effective integrated tax rate on corporate gains) Would this stimulate investment and further incentivize labor gains (making money from work) over capital gains (making money from money)?
I am unconvinced with the status quo as well as this change — looking for input from people with a different perspective since this came up in conversation.
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