I actually don't have a problem taxing capital gains, but we can do it one time and set the rate as it needs. I have a major problem taxing labor though.
My salary is deductible to the company and taxed to me.
A gift is taxed to the giver and tax-exempt to the receiver.
Alimony is deductible by the giver and taxed at the receiving end.
Child support is tax-exempt to the receiver....taxed to the giver.
Estate tax is paid by the estate and tax-exempt to the beneficiary.
Give me another example of the same exact pile of money taxed and then taxed again.
Thank you, Quazi!
Okay, so again, dividends are taxed at the corporate and individual level. So what? Aren't we constantly told by conervatives that corporate taxes are simply passed on? That corporations don't really pay taxes?