Listening
Gold Member
- Aug 27, 2011
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I already pointed out that a person and a corporation are two different entities. No single entity pays double taxes on dividends, cap gains etc.
Once you involve multiple entities you can have unlimited multiple taxation to the point of ridiculousness, after all, the dollars that a person who purchased the goods or services of the company that pays a dividend were taxed before the person spent them. That would make the dividend triple taxed, once by each of three entities!
It's moronic to say that once a dollar is taxed it can never be taxed again no matter how many hands the dollar passes through! A dollar is double taxed when the SAME entity pays taxes twice on the same dollar.
Get it?
Thanks Ed,
What I get is that you have chosen a definition and shown how that defintion is consistent with what you claim. There are some definitions of double taxation that are in line with your statements. However, I looked on the web and it does not appear that everyone agrees.
Double taxation: Definition from Answers.com
Regardless, setting aside Rush Limbaugh and differences in terms:
Your first statement is correct, but your next paragraph clearly demonstrates that the dollar that comes to someone as capital gains may have already been taxed repeatedly in a way that would have potentially lowered the overall amount of capital gains they might have otherwise recieved.
And so we have the basics laid out and it now seems that the discussion is about whether or not you would include the taxes on the profits that are paid to Buffet as (prior to them becoming)capital gains as part of his overall net rate. That appears to be the argument.
Thank you again for your explanation.