06-22-2015, 02:08 PM
I gotta continue ranting... Anybody that isn't in the "alternative minimum tax" zone should be allowed to have a certain sum of dividends tax free. For example, we could benchmark the tax free amount to the poverty level... So, if anything under $11,770 is considered a poverty threshold, we should not have to pay taxes on the first $11,770 of dividends received. The so-called "rich" will not be granted this exclusion for taxes, but the non-rich will not have the rigid barriers to entering richness. I argue this would increase income equality and overall economic prosperity simultaneously.