To: 2ndDivisionVet
how much was already taxed when he paid taxes on it?
2 posted on
09/21/2012 9:59:07 PM PDT by
GeronL
(The Right to Life came before the Right to Pursue Happiness)
To: GeronL
5 posted on
09/21/2012 10:04:43 PM PDT by
2ndDivisionVet
(You cannot invade the mainland United States. There would be a rifle behind every blade of grass.)
To: GeronL
Better than 90% of it was taxed twice. It was mostly capital gains taxes.
6 posted on
09/21/2012 10:05:02 PM PDT by
Ingtar
(Everyone complains about the weather, but only Liberals try to legislate it.)
To: GeronL
OK I will bite. How does it imply he paid taxes twice. You invest say 1 million and sell later for 1.5 million. Only the 500K is taxes as capital gains.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson