On Sun, 14 Sep 2008 19:11:22 -0700, Fred J. McCall
wrote:

Peter Skelton wrote:

:On Sun, 14 Sep 2008 13:17:45 -0700, Fred J. McCall
wrote:
:
:Peter Skelton wrote:
:
::On Sun, 14 Sep 2008 09:02:22 -0700, Fred J. McCall
wrote:
::
::"Eisboch" wrote:
::
:::
:::"wf3h" wrote in message news:28a17e74-ce4b-455d-b265-
:::
:::the BIG difference is that NONE of my income is from capital gains!!
:::how much of middle class income do you think comes from capital gains?
:::
::
::Start taxing capital gains at an even more confiscatory level and see
::just what happens to "much of middle class" retirement.
::
:::
:::that's EXACTLY why the rich set up this system...so they wouldnt have
:::to pay taxes, knowing full well that most of THEIR income is from
:::capital gains, while middle class income comes from actually WORKING
:::for a living
:::
::
::Yes, the wealthy never do anything, do they? Makes you wonder how
::they got and stayed wealthy...
::
:::
:::---------------------------------
:::
:::It's amazing to me to witness the different views of capital gains and
:::capital gains taxes.
:::
:::Some see it your way. Others see the reduction of the capital gains
::enalty (taxes) as a means to encourage investment into the general economy
:::which, turns out, promotes growth, employment and new opportunities.
:::
:::The fact that you have never figured out how to take advantage of it doesn't
:::mean it's bad for all.
:::
::
::In point of fact, capital gains is a PUNITIVE tax. The rich didn't
::put it in place. Morons like Eisboch did.
::
::Bull**** Fred.
::
:
:Bull**** yourself, Peter.
:
::
::Capital gains are income,
::
:
:Which has already been taxed once before it gets treated as capital
:gains.
:
:
:No Fred. The entity being taxed is the one having the income, it
:has not yet been taxed.
:

No Peter. Apparently everyone but you understands that the dollars
originally invested HAVE ALREADY BEEN TAXED. Apparently everyone but
you understands that the dollars with which a company pays dividends
HAVE ALREADY BEEN TAXED AS CORPORATE INCOME.

http://en.wikipedia.org/wiki/Double_taxation

OFCS Fred, everybody knows that. Why does the fact that something
has been taxed exempt it from further taxation? It is pretty
bloody easy to structure corporate families to avoid shareholder
taxes in the sort of bull**** utopia you're proposing.

If it could workm there might be justification for trying it out.
Unfortunately the whole thing collapses very fast because of
things like rental, employee ownership and the like. Economists
generally know this. They also know that regulations to control
it would quickly approach our current mess in comlexity.

There are moral problems too. Does great granddad's intelligent
speculation in the property market in 1935-9 justify living
tax-free in seven decades later?
:
:
::
::you are a believer in
::flat tax aren't you?
::
:
:Define what YOU mean by 'flat tax' and perhaps we could see.
:
:
:You brought up the term, if you have some special meaning, you
:define it.
:

You asked the question. You will presumably go off on some tirade
over the answer (no doubt based on your own insane definition of 'flat
tax'), so you define your terms.

:
:
:But you're too busy being insulting and squealing to hold a real
:conversation with...
:
::
::Flat tax is an especially odious form of voodoo economics.
::
:
:Thus speaks ignorance...
:
:So you've never studied economics?
:

Of course I have, but I have never studied voodoo. I'll leave that to
ranters like you.

You seem to regard the current flavour of voodoo as the true
religion.

Peter Skelton