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Non-Tech : Who Really Pays Taxes?
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To: Lizzie Tudor who wrote (273)8/15/2000 4:52:54 PM
From: BWAC   of 666
 
Don't forget that there would be no Yahoo if the investor had not (at some point) put his already taxed and saved money at risk.

Employee is making money that is being taxed for the first time. When that employee puts that money to work elsewhere, then it can be taxed at capital gains rates.

Or put another way, the investor had already complete the process in the above example. He was one step ahead of you in the game.
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