Sally Vix wrote:
Fat Hurts - how is the "triple taxation" a myth? I have decent holdings in the stock market. Every penny I earned I paid taxes on. I have invested in the stock market throughout my life. When a company pays me a dividend I am taxed on that dividend. That is double taxation. When I sell that stock or mutual fund at a profit I am taxed a capital gains tax. That is THREE TAXES. I was taxed three times. Please explain to me how that triple taxation is a "Myth?"
Because both are new income streams... doesn't matter where that additional income comes from.
Saying it's somehow double or triple taxation is like saying a person who is taxed on overtime hours is somehow getting double taxed.
And, why the heck should anyone care that you could lose your investment if your stock price goes down... the investment is your choice... no one is forcing you to invest. Life is full of risk. What if the person who decides to take a second job to make more money gets hurt doing that job and then can't work.... should she/he get taxed at a lower rate because of that risk.
Smh... I expect more from people who post here