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To: Ingtar
Better than 90% of it was taxed twice.

I must be missing something here. Capital Gains is the profit you made on the investment, it is taxed once. The basis of the investment is not taxed again. Tell me how 90% taxed twice.

17 posted on 09/21/2012 10:44:33 PM PDT by Orange1998
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To: Orange1998

His money was taxed once when he earned it, then again when he used it to gain more money. I know. That is not strictly twice as the profit is not the same money, but the overall stifling effect can be the same.


23 posted on 09/21/2012 11:18:49 PM PDT by Ingtar (Everyone complains about the weather, but only Liberals try to legislate it.)
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