Quote:
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?
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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..."