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| Tweet Topic Started: Feb 19 2012, 08:21 PM (1,673 Views) | |
| Chris | Feb 19 2012, 11:48 PM Post #41 |
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Fire & Ice Senior Diplomat
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Again, semantics solves nothing. A rose by any other name would still be a double tax. |
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| Mountainrivers | Feb 19 2012, 11:49 PM Post #42 |
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Fire & Ice Senior Diplomat
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Then, please explain how its a double tax. It's only taxed once at the individuals level. |
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| Chris | Feb 20 2012, 12:12 AM Post #43 |
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Fire & Ice Senior Diplomat
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Now there is double tax and it's a problem, as even you said, rivers. There is tax(corporate gains) + tax(income). Double tax. Problem. If we apply your solution however, tax(rename(corporate gains, income) + tax(income) still equals tax(corporate gains) + tax(income) and is thus still a double tax and still a problem. Renaming doesn't solve the problem. Edited by Chris, Feb 20 2012, 12:12 AM.
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| Deleted User | Feb 20 2012, 12:14 AM Post #44 |
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Yes but one is on a corporation and one on an individual apples & oranges. Unless the individual is incorporated. |
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| Mountainrivers | Feb 20 2012, 12:14 AM Post #45 |
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Have you ever heard the phrase corporate gains tax, Chris. I haven't. It's referred to as corporate "income" tax. It is not a double tax. It is a single tax on the entity that receives the proceeds. |
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| Chris | Feb 20 2012, 12:17 AM Post #46 |
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Explain what you meant then when you said "The simple solution to the double taxation problem". Yes, and I apologize profusely for saying corporate gains when I meant capital gains. So let me correct that: There is tax(capital gains) + tax(income). Double tax. Problem. If we apply your solution however, tax(rename(capital gains, income) + tax(income) still equals tax(capital gains) + tax(income) and is thus still a double tax and still a problem. Edited by Chris, Feb 20 2012, 12:19 AM.
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| Deleted User | Feb 20 2012, 12:20 AM Post #47 |
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i get double taxed every time i use after tax dollars & pay sales tax. So its the way things are. |
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| Mountainrivers | Feb 20 2012, 12:23 AM Post #48 |
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I meant that when the corporation is taxed before it distributes profits, then the recipient of the distribution is taxed again, that is a double tax. When the corporation is not taxed, but the recipient of the distribution is, that's a single tax. |
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| Chris | Feb 20 2012, 12:37 AM Post #49 |
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And if you earned capital gains, triple taxed. Just because it's the way things are, doesn't mean it's the way things should be. If all we were doing here was talking about what it, there'd be no need for opinions, and we'd have little to discuss. |
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| Chris | Feb 20 2012, 12:38 AM Post #50 |
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OK, misunderstood. |
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