warf
VIP Member
- Jun 30, 2014
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The 'investors' EARNED the money initially. They were taxed once on those earnings. The profit they make is then invested and Bonobo then taxes the profit on the investments.
Bogus argument. Using that logic there should be no sales tax, excise tax, etc., because we are taxed when we earn the money used to buy those taxed items.
If you use your taxed wages to buy, for instance, an airless paint sprayer you are taxed at the going rate on the money you make using that machine.
But if you buy stocks with your taxed wages you pay only 15% on the capital gains.
How does that help anything?
BTW, Obama didn't invent the tax system.