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A comment on Harvard's response to federal government letter demanding changes. Parent comment

Re:Harvard's response to federal government letter demanding... by johnnyanmac on Wednesday April 16, 2025 @02:30AM (#43702149)
why do you disagree? Most people working a job do have taxes taken out. That's why you get a "return" when the IRS realizes they took too much or you provide other means to deduct your taxes.
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Re:Harvard's response to federal government letter demanding... by Brian_K_White on Thursday April 17, 2025 @08:41AM (#43715962)
The comment attempts to suggest that something is being taxed twice. It is not. The original income that funds some investment is taxed. After that, only further income is taxed. The existing principle is not.

Nothing that was taxed was "already taxed".

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