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payroll taxes on investment/passive income?
Old 11-26-2004, 07:32 AM   #1
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payroll taxes on investment/passive income?

could anyone fathom a situation where payroll taxes would be levied on passive and investment income? there is going to be a need to close the gap thats coming, i wonder if this might be a metod used. my dad STILL refuses to contribute to a roth ira because he thinks that it'll be taxed in the future. he's still bitter over having savings bonds that were once tax-free now being taxed.

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Re: payroll taxes on investment/passive income?
Old 11-26-2004, 07:50 AM   #2
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Re: payroll taxes on investment/passive income?

Of course Congres can do anything in the future, but payroll taxes (social security) have always been tied to earned income and never unearned income.

There would be a hell of a fight if any Congres decided to make such a radical change. IMO the effects on the stock/bond market would be devistating.
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