candycorn
Diamond Member
he took his money, that he earned, and paid the top rate on in taxes, and invested it.
if the investment tanks, he gets nothing back
so he took money he ALREADY PAID taxes on, and gambled on another company.
for taking that risk, he makes some profit.
and is still double taxed on the profit.
and you have the gall to think he needs to be taxed MORE than the 45% the first time and the 14% the second time?
That isn't quite the case.
Those are dividends. If he sells the stock, he has to pay a higher rate than 15%. If he just collects dividends, he pays the 15 percent.
How about Everyone Pays 15%?Pretty Please.
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I'd be interested to see exactly how much income that would produce. It sounds high to me.
I'm curious....why is it if you have 4 kids you pay "less" income tax? You'll be using 4X more school desks than I am.
Just a thought. Anyway, 15% sounds high if we're all in on this.