How do taxes affect investment and saving incentives for individuals in the United States? In this episode, the Gwartney Institute discusses an issue with the tax system in regard to how it handles inflation. Should our tax system include inflation when evaluating individuals capital gains? These taxes disproportionately effect lower income earners more harshly than high income earners, yet they still feel a huge blunt end of these taxes. Listen now to an informational show on inflation, taxes, and their effect on our incentives to invest and save money.
Timeline:
Capital Gains & Income Taxes // 2:30
Inflations Effect on Capital Gains // 5:00
Printing Money Causes The Bid to Go Up // 10:15
Effects All Citizens // 18:00
Cryptocurrency & Unrealized Gains //23:25
Create Inflation and Collect Taxes? // 26:00