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It creates a huge barrier to initiative and effort, the very things that should be encouraged
Los Angeles, CA (ArticleCity via ArticleCity.com) October 25, 2006—Kevin Wessell, renowned asset protection and estate planning expert said today that business travelers should be aware of a legal and proper program for a US tax deduction that allows them to travel on business, perhaps spend some leisure time on their trip, and deduct 100% of the transportation costs for the trip
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It would encourage people to stay home and watch TV, instead of going out for a night on the town
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Simply put, capital gains tax is paid on money you make throughout the tax year