(March 22, 2017 at 12:16 pm)vorlon13 Wrote: Hmmm, here's an interesting idea to bat around . . .
Allow states and municipalities to collect sales taxes (on their residents) for their purchases of stocks. It's a revenue stream on the 'right' people, AND it would act as a damper on market volatility.
Might be a win-win.
That sounds reasonable, but here is something to consider. Stockholders already pay taxes twice on their investments. Once as corporate taxes then again as capital gains. Are we willing to forgo corporate taxes if capital gains are taxed at regular income rates?
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