Another proposed plan by a presidential candidate is tackling the issue of destructive double taxation. Former Utah Governor Jon Huntsman unveiled today his economic plan, titled “Time to Compete: An American Jobs Plan.” From the overview:
Eliminate The Taxes On Capital Gains And Dividends In Order To Eliminate The Double Taxation On Investment. Capital gains and dividend taxes amount to a double-taxation on individuals who choose to invest. Because dollars invested had to first be earned, they have already been subject to the income tax. Taxing these same dollars again when capital gains are realized serves to deter productive and much-needed investment in our economy.
Now if he just throws in the death tax, he can hit the double taxation trifecta.