Quote:
Originally Posted by directfiesta
It is your moiney, tax paid .... Leave it in your mattress , use it at will , sand you will pay no further INCOME tax .
But if you put it to work ( stocks, realk estate, etc ... ) and that bringgs back a PAY , that pay is to be taxed ( maybe at a lower % ) .
The gov could give an exception level ( here in Canada 500K) , but there is no reasons why only SALARIES should be taxed ....
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Then your paycheck net should be taxed every time you buy something with it
after you pay income tax on that money *** actually they do now GST, VAT or sales tax. But trillions of dollars are changing hands tax free every day because there is no tax on Wall Street or there is no tax on lending yourself money. If you invest it back into the economy like lend it to a bank to lend out into the general economy, or buy a government bond (municipal bonds as an example) you pay no tax -- same fucking thing.