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Narkos

(1,185 posts)
16. A winger's argument on FB
Tue Jan 24, 2012, 09:53 PM
Jan 2012

"He invest money in a company, they use that money to turn a profit. That profit is taxed once at 35% then the profit us taxed again as a capital gain at 15%. The company pays once, the investor pays again. It's not the same as income tax which is the most progressive in the world. Every time capital gains tax has been raised govt revenue has gone down. Even Obama admitted this in an interview but said he would raise them anyway to be more fair"

Latest Discussions»General Discussion»Mitt and double taxation ...»Reply #16