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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (686153)11/27/2012 8:59:06 PM
From: combjelly  Read Replies (3) of 1582843
 
Finally, Buffett doesn't say anything about the double-taxation of dividends, because it would totally dismantle his core assertion that the rich are being taxed at a lower rate than the rest of Americans.


That is because the double taxation thing is nonsense. Say I run a small business. I sell goods and services, some of which may be subject to sales taxes. However, pretty much every dollar that comes in has been subject to income tax. Should I have to pay income tax also?

Another is that a fair number of those corporations paying dividends don't pay income taxes themselves because of various writeoffs. So if the money is not subject to income tax, then why is it double taxation?
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