killerzX said:
should interest on saving accounts be taxed. that money the person invests isnt guaranteed a return, should they be written a check by the government, if they end up losing money? |
They do, in fact. Look up capital loss deductions. You can deduct capital losses from your taxes.
Furthermore, capital properties involves anything that you own (items). Shares are tradeable goods.
A bank account is not a tradeable good. You cannot sell a bank account.
So "no" to your first question, and yes to the second question.
Being able to deduct capital loss is important in alleviating the risk of stock investment, but they should be taxed as normal on gains.
You know, companies do pay their CEOs in stock options on a regular basis and they pay a lower tax on it.
Should a CEO be able to max 10m in stock options and only pay 15-20% on it, when I pay 30+% on regular pay?
EDIT: regarding capital losses. In fact, capital loss deductions can be transferred year over year
