Path: utzoo!utgpu!watmath!watdragon!jmsellens
From: jmsellens@watdragon.waterloo.edu (John M. Sellens)
Newsgroups: can.general
Subject: Re: Flat-Rate Tax
Message-ID: <16123@watdragon.waterloo.edu>
Date: 25 Aug 89 19:57:12 GMT
References: <1989Aug24.150811.14764@gpu.utcs.utoronto.ca>
Reply-To: jmsellens@watdragon.waterloo.edu (John M. Sellens)
Distribution: can
Organization: U. of Waterloo, Ontario
Lines: 12

In article <1989Aug24.150811.14764@gpu.utcs.utoronto.ca> golchowy@gpu.utcs.utoronto.ca (Gerald Olchowy) writes:
>Ideally, business
>income should be untaxed.  You can tax business income by
>taxing the dividend and capital gains incomes of individuals.

So that someone earning a lot of money in a business can just leave
it there earning more money and delay paying any taxes for as long
as he likes.  Make the poor pay! :-)

One of the goals in the current tax system is to make the tax rate the same,
no matter how you get the money - that's why the weird tax rules for
dividends.  These weird rules are intended to remove problems like the above.