Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (249129)	4/18/2002 6:39:50 PM
From: Srexley	Read Replies (1) \| Respond to of 769669

"Perhaps we should all pay a tax once when money is printed and then never again" Not a bad idea TP. Didn't know you had it in you.

To: TigerPaw who wrote (249129)	4/18/2002 7:57:29 PM
From: Selectric II	Read Replies (1) \| Respond to of 769669

That's not what happens. You pay money to the storekeeper's corporation. The corporation is taxed as a separate entity from the storekeeper (assuming it's a "C" corporation like a big public company, and not a "subchapter S" corporation.) The corporation pays income tax on the profit before the owner gets a nickel. Then, the owner pays income tax on his share of the distributions, e.g. dividends that came from the corporation's income -- that was already taxed. I like your idea of paying a tax once when the money is printed and then never again. Somebody ought to suggest that to Paul O'Neill...