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re: When will the double tax on stock dividends and gains be removed such a pox.

Posted on 5/5/25 at 5:45 pm to
Posted by Penrod
Member since Jan 2011
51707 posts
Posted on 5/5/25 at 5:45 pm to
quote:

The ordinary income you should have in a liquidation event is depreciation recapture.

Your receivables, for example, are liquid assets, as is your cash on hand. All of that is subject to ordinary income taxes. As I said before, I’m not savvy when it comes to accounting, having argued that Retained Earnings sure sounded like an asset to me.
Posted by BarberitosDawg
Lee County Florida across causeway
Member since Oct 2013
13141 posts
Posted on 5/5/25 at 5:50 pm to
Any money that I choose to invest after taxes are paid on that money should not be molested by the government.

It’s pretty simple.
Posted by dat yat
Chef Pass
Member since Jun 2011
4872 posts
Posted on 5/5/25 at 6:09 pm to
quote:

Why does one who risks investment pay taxes on gains from monies already paid tax on? ... This double tax must be removed and capitalism restored!


So are you also advocating no tax in interest? (My bank money and bonds were with money already taxed)

Should rental income never be taxed? (The property was purchased with post tax money)

Should timber cuts be tax free? (The land and timber was bought with post tax money)

Should farm income be tax free? (The fields, fertilizer and seed was bought with after tax money)

What you're talking about is available in a self directed Roth...
Posted by BarberitosDawg
Lee County Florida across causeway
Member since Oct 2013
13141 posts
Posted on 5/5/25 at 6:14 pm to
No. I said what I said fruit cakes.

Taxation on already taxed monies is evil and degenerate.

Augure the point presented or create your own thread…
Posted by Jorts R Us
Member since Aug 2013
16765 posts
Posted on 5/5/25 at 6:38 pm to
quote:

having argued that Retained Earnings sure sounded like an asset to me.


Your investors might feel differently
Posted by Penrod
Member since Jan 2011
51707 posts
Posted on 5/5/25 at 8:07 pm to
quote:

Any money that I choose to invest after taxes are paid on that money should not be molested by the government.

Income is taxed. It doesn’t matter if it is income earned from labor or from investment. They can, and should be taxed differently perhaps, but they both must be taxed.
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