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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (370904)2/15/2008 11:13:40 AM
From: Jim McMannis  Read Replies (2) of 1573092
 
RE:"So? As money moves through the system it's taxed almost every time it changes hands."

Not so. Manufacturers, distributors, wholesalers don't pay sales tax on raw materials, inventory etc.. The product is then sold to retailers and then sales tax is collected. Once.

Dividends are like product created from raw materials. Should only be taxed at distribution.
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