All of it. But a more specific example would be...
...the rewards themselves. If, for example, the IRC rewards something (e.g., tax credit for purchase of an electric vehicle), it is punishing producers of non-electric vehicles by making their products relatively less attractive in the marketplace.
Another example would be making certain types of interest deductible, while other types are not deductible. That punishes lenders doing busieness in the non-favored categories.
The Obamacare tax was another example -- i.e., punishing people who choose not to buy a certain product. That tax was eventually and fortunately shitcanned at the federal level, but we still have a state version of it here in California, so that's nice.
Etc.
On top of the actual code, it is the arbitrary ENFORCEMENT of the tax code that gets particularly political -- e.g., the persecution of TEA Party-related non-profits.
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In response to this post by Plano Hoo)
Posted: 10/30/2023 at 6:29PM