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

To: DuckTapeSunroof who wrote (701759)	9/13/2005 6:02:29 PM
From: Peter Dierks	Read Replies (2) \| Respond to of 769670

Buddy: I saw your whole post. You espoused triple taxation, and now reposted your call for triple taxation (or more). I own stock in company A. I happen to own a lot of it. It earns money and is taxed on the earnings. (This is the first time the income is taxed for this discussion.) Company A chooses to retain some earning and pay some in the form of dividends to the stockholders. I receive a check and am taxed on the distribution of previously taxed income with a dividends exclusion. (This is the second time the same income is taxed.) I also sell some shares in Company A, in which I have a capital gain. The increase in value due to inflation and due to the retained earnings upon which income tax was paid is taxed at capital gains rates. (This is the second time the tax is paid on the RE, and I have to pay tax on a fictional gain due to inflation which did not add to my buying power.) I die, and the money from the dividends and stock sales is distributed to my heirs. An estate tax is assessed prior to the distribution. (this is the third time the same income was taxed.) In your posts you have indicated you support this multiple taxation of the same income.