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To: KeepItSimple who wrote (55776)	8/12/2006 1:44:09 PM
From: Cogito	Read Replies (1) \| Respond to of 213176

KIS - Of course, capital gains are also taxed. And so is interest income. Does this make things "easier" for laborers? Well, it does give the government more money to spend, which means that the government won't run into deficits as quickly, given a constant level of spending. In the nineties, one of the main reasons for the Federal goverment's surpluses was the fact that the market was doing so well meant a windfall in terms of capital gains taxes. By the way, you mentioned the example of a guy with 500 trillion in the bank, and asked what good it did to have the government take away 99% of his wealth through taxation. Of course, that isn't the way it works. People are not taxed on the amount of money they have in the bank. Tax is collected only on the amount of interest generated by that money. - Allen

To: KeepItSimple who wrote (55776)	8/12/2006 4:24:26 PM
From: M Paquette	Read Replies (1) \| Respond to of 213176

> You can't tax a piece of paper- it can't produce anything. Not a Florida or Kentucky resident, eh? These states, as well as a number of local municipalities, have an intangible property tax. Depending on details of the jurisdiction, you may owe annual tax on those pieces of paper. Not the interest or dividend income, but the actual stocks, bonds, and even accounts receivable between companies or individuals.

To: KeepItSimple who wrote (55776)	8/13/2006 12:04:30 AM
From: Doren	Read Replies (1) \| Respond to of 213176

KIS In a way you are right, like the Greek "proof" that follows: An Arrow aimed and launched at a wall never hits the wall. At some point after the arrow is launched it will be 1/2 way to the wall. An another later point the arrow will divide the distance again by 1/2. The arrow will be 3/4 the distance from the wall. An another later point the arrow will divide the distance again by 1/2. The arrow will be 7/8 the distance from the wall. An another later point the arrow will divide the distance again by 1/2. The arrow will be 15/16 the distance from the wall. You can continue to divide the distance to the wall, by 1/2, infinitely, and thus, the arrow will never arrive at the wall. Perfectly logical proof that arrows never reach their destinations. However we know that arrows do reach walls and paper profits are taxable. This is known as COMMON SENSE.