SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bill who wrote (443599)8/15/2003 4:42:00 PM
From: TigerPaw  Read Replies (1) of 769670
 
Money transfers are taxed in the U.S., not money per/se.

When you give money to the grocer, he has to pay tax on his profit. When the grocer gives money to the wholesaler he also pays tax on his profits. Every time the money changes hands there is tax to be paid on the profits. Corporations are treated just like they are real people and so they follow the same rule, pay tax on profit when transfering.

The issue is not whether the tax paid on a dividend transfer has also been paid during another transfer, but why dividends should be treated differently by skipping the tax.

TP
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News