simont: A picture of me in 2016 (Default)

[personal profile] simont 2010-07-16 01:47 pm (UTC)(link)
The primary thing taxed is income. We don't want to discourage that at all!

[identity profile] drdoug.livejournal.com 2010-07-16 01:57 pm (UTC)(link)
We-ell, some of us might want to discourage over-wide income disparity, and a progressive income tax can have that effect.

[identity profile] pete stevens (from livejournal.com) 2010-07-16 02:05 pm (UTC)(link)
Technically earned income. Unearned income is taxed at a much lower rate (no NI).