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To: moonshot925

Good.

Corporate income is already taxed at 35% a the corporate level. Taxing capital gains (and dividends for that matter) is simply double taxation and should be eliminated.

In case you are wondering, the same is not true of regular wages. Wages are considered a cost to corporations. Costs are subtracted from revenues to calculate profits and it is profits that get taxed. So wages are already only taxed once.


7 posted on 08/11/2012 4:52:05 PM PDT by arista
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To: arista

we should not be discussing raising any tax.Washington should stop spending ..we need to audit the fed and stop the sots in DC form tossing it out the window.


28 posted on 08/11/2012 6:29:08 PM PDT by dalebert
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To: arista
So wages are already only taxed once.

No. Wages get taxed again when you make a purchase. Sales tax. Taxes per gallon of gas. The government keeps laying more taxes even after taking income tax.

34 posted on 08/11/2012 10:20:39 PM PDT by Myrddin
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