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Old 03-05-2009, 11:14 AM   #127
sugarpop
Professor
 
Join Date: Nov 2008
Location: the edge of the abyss
Posts: 1,947
Nope. Money made off of other money. Maybe the first money invested was taxed, but like HM said, not the profits. This is another way wealthy people get away with paying less taxes than everyone else, since those at the top end up investing most of their money. And, when they lose money, they get a big fat writeoff.
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