edthecynic
Censored for Cynicism
- Oct 20, 2008
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Better yet, how about corporate taxes and that's it?Oh BULLSHIT! By that moronic "logic" every dollar is multiple taxed. With the exception of when the dollar is first printed, it is taxed every time it changes hands so wages are taxed an infinite number of times.Dividends are not income in fact it is a second tax on what was already taxed to begin with. The income in the corporations is taxed then they turn around and tax those profits when given to the owners.
Exactly, think about it first you get taxed on your income. Then you invest in a corporation. Then customers buy products from those corporations paying taxes. Then that corporation is taxed on its income. Then that corporation pays out dividends to you for the stock you bought. Then you pay taxes on those dividends. Then you sell those stocks then you have to pay taxes on those. Then you buy something and you have to pay taxes on that. Then you pay your cell phone bill and pay taxes on that and every other utility bill as well. Imagine how it never ends. Lets change it to only allow sales tax and that is it.