PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: haqihana who wrote (742815)	6/16/2006 2:05:06 PM
From: DuckTapeSunroof	Read Replies (2) of 769667

Except insofar as money changes ownership it is considered a taxable event. (In other words: the same OWNER is not being taxed twice....) However, there are many other situations where an 'income stream' (going through various owners) are taxed multiple times: for example, profits earned by corporations (corporations are defined as "individuals with infinite life" under American law) which are then paid out to their shareholders as dividends. Multiple taxation there also. How about earnings a worker makes... which are taxed by federal, and state, and local/municipal authorities at pay-out... then taxed again when the worker buys food or goods... then taxed as 'property' (auto, house, etc.) every single year...? Same story there. I think you will find that 'multiple taxation' of 'profits' (earnings, income, etc.) is more often the rule then not. At least with the estate tax it has two distinguishing things to recommend it: it is levied at the point where ownership changes hands (so it is not 'multiple taxation' of the SAME OWNER), and it is far less regressive then MOST taxes....

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