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In reply to the discussion: No, the capital gains tax is not “taxing the same income twice" [View all]Ruby the Liberal
(26,217 posts)17. Thats not what "taxing income twice" means though.
The concept refers to corps paying taxes on their net income and then shareholders paying taxes on the dividends they earn. Dividends are taxed at full earned income rates while anything held 1 year and 1 day+ qualifies for the capital gains tax rate.
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"doesn't make sense to me"? OP example includes increase in value due to inflation and taxes that
jody
Dec 2012
#6
You suggested the omission of that discussion was due to ignorance or was deliberate
Major Nikon
Dec 2012
#62
Couldn't find anything about double taxation. Did find a lot of right wing propaganda.
Major Nikon
Dec 2012
#64
How about you take 10 seconds to post one cogent statement about what you are talking about?
DireStrike
Dec 2012
#96
What were Thomas Jefferson & James Madison nullifying, if you don't mind my asking?
freshwest
Dec 2012
#76
Nope, trying to move it Left, you know, away from the likes of Republican Turd Wayers
Ikonoklast
Dec 2012
#65
You admit you are "Not even vaguely a supporter of anything Democratic." If you aren't a Democrat
jody
Dec 2012
#67
You asked me to figure it out, first guess is one of the socialist fringes from the list below.
jody
Dec 2012
#74
Right Wingers and Teabaggers always assume everyone not exactly like them are "Commies".
Ikonoklast
Dec 2012
#80
So far you haven't stated any facts. You just keep asking questions about inflation.
Walk away
Dec 2012
#31
Yep. I think "Walk away" is appropriate here. It's like struggling in quicksand.
geckosfeet
Dec 2012
#42
No, I asked in #1 a simple question. You and others who post to this thread wander all over the
jody
Dec 2012
#39
Inflation Contributes To Tax On Wage Income, Also, Sir: What Is Your Point?
The Magistrate
Dec 2012
#9
The Logical Conclusion, Sir, is That You Favor One Group Of Tax-Payers Over Another
The Magistrate
Dec 2012
#22
Ridiculous, the logical conclusion from your post is you don't have a clue about the subject. nt
jody
Dec 2012
#32
What a twist. You ignore the OP and my reply #1 and then have the audacity to accuse me of abuse! nt
jody
Dec 2012
#54
Inflation is 'backed out' of long term capital gains via 'Cost basis' adjustment
on point
Dec 2012
#18
You're inserting a red herring into a topic that is already beset by
coalition_unwilling
Dec 2012
#30
Please reread the OP. It does not claim short-term capital gains hence it could be long-term. If the
jody
Dec 2012
#55
Understand and agree. You point out the difference between short and long term rates attempt to
jody
Dec 2012
#68
I think that corporate income taxes should be done away with and dividends taxes as ordinary income
FarCenter
Dec 2012
#21
What is the rationale for taxing C Corporations differently than S Corporations, LLCs & Partnerships
FarCenter
Dec 2012
#71
K&R It is impossible to overstate the effectiveness of arithmetic ignorance.
Egalitarian Thug
Dec 2012
#45
I don't disagree with you, but that's the argument that is being made by some. (NT)
reACTIONary
Dec 2012
#70
LOL. I've got Costco stock--so I own the "machines, land, everything" --yippeeee!
SunSeeker
Dec 2012
#90
I'd say treat all income the same, including inheritance. I've heard people claim it's
brewens
Dec 2012
#56
Capital Gains is the difference in the original investment substracted from selling price,
Thinkingabout
Dec 2012
#82