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Originally Posted by TheMercenary
Income and purchases are a different animal.
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Everything's different animals. That's why it's silly and meaningless to say that the "same money" got taxed twice. Just about all money has been taxed many times, just like just about all water has been passed through different animals many times.
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I earn it and get taxed on it. I put it in a stock and take out the profit, I get taxed a second time.
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That's two transactions. Two different animals. You get taxed twice. If you buy an animal with your profit, you'll get taxed again on that third transaction.
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Even if I put into stock and it earns zero, when I pull it out it is taxed a second time.
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I'm not sure what you're referring to here. Not capital gains, I assume?