Quote:
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.
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This "double taxation" is a Republican myth
For an investment in stock, any dividends paid to the investor are "new $" income to the investor.
When the investor sells that stock, the "capital gain" is the selling price
minus the purchase price and fees incurred during the transaction cycle.
The same is true on purchase of equipment, real estate, REI's, etc.
Anyone that proposes that "capital gain" is different from ordinary income
is saying one $US dollar is different from another $US dollar,
... and guess who says that... the people that don't earn their living or extra $ from salaries or wages.
Capital gains should be taxed at the same rate and right along with ordinary income.
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