Investment taxes... confiscatory. You invest in a stock. The company makes money.... 1. Corporation pays up to 35% tax on earnings BEFORE it distributes a dividend to you. 2. You pay up to 36.5% Federal income tax + state income tax on your dividend. 3. If the stock goes up and you sell to take profit... you pay either capital gains tax rate if held long enough, or ordinary rates if held less time... 15-36.5% 4. If your estate is large enough (part of which will be the proceeds of the stock sale), the Estate tax is up to 55% of what's left. In other words... YOU take the risk... the COMPANY does all the work.. and THE GOVERNMENT GETS MOST (HUGE PERCENTAGE, IN FACT) OF THE PROFITS! Get it?
Absolutely agree! I keep saying we're going to repeat the 1970's. Only worse this time around imo.:eek:
my point is you are another gasbag who offers nothing but pedantic commentary based on a topic that has apparently obsessed you since i had the misfortune to start reading your drivel
the excessive taxation is to support the excessive government spending. the root problem is government spending.
yes! great example of our money at work(read comments too) http://news.yahoo.com/s/ap/20100726/ap_on_re_us/us_bell_salaries ⢠Chief Administrative Officer Robert Rizzo made $787,637 a year, getting a series of raises since being hired in 1993 at $72,000. President Barack Obama makes $400,000. ⢠Assistant City Manager Angela Spaccia made $376,288 a year. ⢠Police Chief Randy Adams earned $457,000 â $150,000 more than Los Angeles Police Chief Charlie Beck. Bell Mayor Oscar Hernandez and three of the council's four other members make about $100,000 a year, most of it in salaries for sitting on various boards and commissions. Councilman Lorenzo Velez makes a modest salary of about $8,000 a year.
Extend the Bush tax cuts for everyone or no one to avoid tax-class warfare. http://www.greencompany.com/blog/index.php?postid=87 and on my Forbes blog tomorrow at_http://blogs.forbes.com/greatspeculations/author/rgreen/ Robert A. Green