Obama's attempts at fomenting a Class War

[Happy Monkey]

Originally Posted by TheMercenary

Income and purchases are a different animal.

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.

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.

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.

Even if I put into stock and it earns zero, when I pull it out it is taxed a second time.

I'm not sure what you're referring to here. Not capital gains, I assume?

[TheMercenary]

Originally Posted by Happy Monkey

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.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.I'm not sure what you're referring to here. Not capital gains, I assume?

If all of that money goes into my pocket on the right, and I got taxed on it on the way in.... then I take it out and put it somewhere but on the way to my left pocket it gets taxed again.... I just got taxed twice. And we aren't talking about animals. We are talking about money.

Bottom line is this...

Obama, "Spread the wealth around..."

[Happy Monkey]

Originally Posted by TheMercenary

If all of that money goes into my pocket on the right, and I got taxed on it on the way in.... then I take it out and put it somewhere but on the way to my left pocket it gets taxed again.... I just got taxed twice.

And if you buy a pack of cigarretes you get taxed a third time. And if you buy gas, you get taxed a fourth time.

Yes, you get taxed for each transaction. That's why the "double tax" argument is silly and irrelevant. Money is taxed as it flows. There's no special relationship between salary and investments where getting taxed on your investment returns is "double tax", but getting taxed on your purchases is a different animal, and just two different taxes.

[TheMercenary]

Originally Posted by Happy Monkey

And if you buy a pack of cigarretes you get taxed a third time. And if you buy gas, you get taxed a fourth time.

Yes, you get taxed for each transaction. That's why the "double tax" argument is silly and irrelevant. Money is taxed as it flows. There's no special relationship between salary and investments where getting taxed on your investment returns is "double tax", but getting taxed on your purchases is a different animal, and just two different taxes.

Dude, we aren't talking about non-monetary exchanges. You can't compare the taxation of gas and cigarettes in the same way you talk about things with monetary value that adjust as investments, you are trying to compare consumables with monetary investment vehicles. Even the goobberment sees them as different things because they are taxed differently. Get a grip....