MrRodgers -> RE: Fluffy Feel Good Money News about the US Stock Market (12/30/2014 6:18:03 PM)
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ORIGINAL: DesideriScuri quote:
ORIGINAL: MrRodgers quote:
ORIGINAL: DesideriScuri quote:
ORIGINAL: MrRodgers Income tax is not capital gains tax...two different taxes. For individuals, capital gains aren't considered income, and capital gains taxes aren't part of income taxes for individuals? Nice try but that's political semantics...income is income period just as in the first 150 years of our history when there was NO income tax at all. So, what you're actually talking about, then, are tax rates? You aren't agreeing with me that capital gains taxes aren't income taxes because they are taxed at different rates? Is that it? If so, perhaps you should have mentioned that, no? Well if we are to be equal before the courts and the law then the great egalitarian experiment should hold that ALL income, derived from whatever means...should be equal before the tax law. (rate schedule) We do not need different names for income as a semantic game to rationalize a differing tax liability. (rate) There are many conservatives and I am among them, that will tell you and I agree, that the best way to create jobs is remove tax incentives for what is a very short...long term gain of only one year and we will see investment return to small businesses, i.e. businesses not dependent on turning paper into money (issuing stocks) om the form of partnerships. After all, the formation of a LLC (limited liability co.) can provide the same vehicle for such returns on such small business investments as say a 'public' (stock) sub chapter S corp.
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