re: #124 SteveMcG

Holy cow. Every penny you make went through the tax mill before it got to you. The money somebody paid to buy the goods and services you sell was taxed before it got to you. The “double tax” argument only works when you tax principal. The 50 bucks you put in the bank is never tax again until it changes hands. The 2 cents in interest it earned is the only money that gets taxed. Why should those 2 cents be any different from the wages you earn or the profit you make from your business?

Because investments (a) make the economy go ‘round and (b) are inherently risky. Tax someone too much for taking a chance with their money and they won’t. but if people don’t take chances with their money, you and I won’t be able to fund our own dreams and future plans to make enough money to invest, rinse and repeat. it really does work well if you don’t poison it overly with taxation…