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A comment on The Income Rich Take One For The Team. Thanks!. Parent comment

Re:The Income Rich Take One For The Team. Thanks! by smsm42 on Wednesday January 02, 2013 @03:58AM (#4995876)
I'm not sure how to define "fair" but haven't the investment money been already taxed as corporate profits before they are paid out to investors? I know some investment vehicles allow to avoid that but most regular investments do not, as far as I know.
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Re:The Income Rich Take One For The Team. Thanks! by downandout on Wednesday January 02, 2013 @04:00AM (#4995881)
This is the case with dividends, but is not necessarily the case with other types of capital gains.
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Re:The Income Rich Take One For The Team. Thanks! by malyk on Wednesday January 02, 2013 @02:50PM (#4998813)
And why does it matter if it's already been taxed once?
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Re:The Income Rich Take One For The Team. Thanks! by eli_gottlieb on Wednesday January 02, 2013 @12:54PM (#4998003)
Haven't ordinary business revenues already been taxed as sales tax when you pay income taxes on them?
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Re:The Income Rich Take One For The Team. Thanks! by rprasad on Wednesday January 02, 2013 @05:06PM (#4999607)
If you want to avoid double taxation, you are certainly free to choose a pass-through form of entity.

If you choose to create/invest in a corporation, you accept double-taxation as the cost of the benefits afforded by the corporate form.

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Re:The Income Rich Take One For The Team. Thanks! by downandout on Wednesday January 02, 2013 @06:37PM (#5000072)
You guys are all thinking in terms of forming a business and having income from it. Our tax system doesn't encourage that. Our system heavily incentivizes people to seek capital gains through (for example) stock market and real estate speculation.
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