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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Srexley who wrote (443598)	8/15/2003 3:37:27 PM
From: Bill	Read Replies (4) \| Respond to of 769670

If someone could explain to me, in simple language, how taxing dividends is NOT double taxation, I would be forever grateful. Anyone?

To: Srexley who wrote (443598)	8/15/2003 4:05:13 PM
From: KLP	Read Replies (1) \| Respond to of 769670

Well said, Srexley! eom

To: Srexley who wrote (443598)	8/15/2003 4:17:10 PM
From: wonk	Read Replies (2) \| Respond to of 769670

...Why not keep it simple (as I try to do) and just say that you think dividend income should be taxed the same as income. I think "dividend" income should be taxed they same as "wage" income and "interest" income and "lottery" income" and any other kind of income because income is income. I've answered you question so answer these of mine: I dig a ditch. I get paid $10. My father gifts me shares of stock. I get $10 of income, (i.e, dividends). For the year I now have $20 I did not have before. Do you agree or disagree that where it came from is irrelevant? If you say the source is relevant, that dividend income is not income, then let me offer you an example: I work 50 hours a week, 52 weeks a year. I earn $100,0000 and pay $30,0000 in taxes. My neighbor wins the lottery. He quits work, takes his winnings and buys stock. He receives $100,000 in dividend income. He pays no tax. Is that fair? I would submit that if you say "yes, its fair", then you do not believe in equal treatment under the law. So please, yes or no: 1. Dividend income is not income. 2. It is fair. ww