Obama's attempts at fomenting a Class War

[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.