reply to post by elouina
I think this double taxation is something that should be avoided like the flu.
Too late to avoid it. We are all double-taxed. We're taxed when we bring it in, and taxed when we spend it on things like food, fuel,
It's asinine. But it's already happening. And, some places try to tax resale (or do it outright, like with used car purchase - taxed when you buy
it....and then the person who buys it from YOU is taxed as well!) It never ends.
The capital gains loophole makes me absolutely nauseated. How are capital gains not INCOME?
If someone wants to gamble on Wall Street, then why not tax them to do so?
Lots of cities have regular referendums for fund-raising, by imposing quarter-cent or half-penny taxes, etc. to fund programs that benefit the city -
whether improvements to infrastructure, or to keep services going.
Many times, voters agree to do so, and each time, they are allowed to choose.
This should be a national referendum, in my opinion.
I've heard of places trying to "tax" garage sale proceeds for crying out loud! Or insisting that people buy "permits" to hold one. Like home
improvement things - "get the permit" (in my area most people don't bother - and their aren't any 'home iimprovement project police' running around
collecting from people trying to improve their properties. Thank God.) We are taxed on everything we do except breathe! Why not let the gamblers
pull their own weight, rather than allowing them "escape hatches" from tax?
edit on 22-3-2013 by wildtimes because: (no reason given)
And we're even taxed when we "SAVE IT" and then are forced to have to withdraw those savings in order to survive (at a hefty rate, too!) we are taxed
AGAIN when we spend those savings buying what we need!
edit on 22-3-2013 by wildtimes because: add a point