Re: Liberals: Defend capital gains taxes

DaVoice wrote:
> "Chris Bellomy" <ten.wohsdoog@[EMAIL PROTECTED]
> wrote in message 
> news:T6WdnTKFn5J57JTVnZ2dnUVZ_uLinZ2d@[EMAIL PROTECTED]
>> Joey Telemachus wrote, On 4/18/08 11:08 PM:
>>> Why should the government get a free ride on the upside while the 
>>> individual has to bear the entire burden of risk?
>> Why should someone be taxed more on the money he has to work for
>> than the money he makes gambling on the markets?
> 
> How about because he's already been taxed on the money he/she worked for

> before "gambling it" on the markets?  Double taxation sucks.

Are you an American?  Do you pay taxes?  Do you know how our tax system 
works?

When a person make a pile in the stock market, he is taxed on his 
profits, not his investment, on which, as you say, he has already been 
taxed once.  So there is no double taxation there.

The complaint about double taxation usually arises in the case of 
cor****ations being taxed on their earnings, and then the stockholders 
being taxed on their dividends from the cor****ations.  But if 
cor****ations get to be legal persons when it comes to free speech (hint: 
  that's why our political system is so ****ed up), then they get to be 
persons when it comes to our tax system, too.