Originally Posted by Boo Radley
McBride says it is unfair to tax income more than once, and capital gains are taxed multiple times. If you got the original investment from wages, that money was taxed. If the stock you own gains value because the company you invested in makes a profit, those profits are taxed through the corporate tax. And if that company issues dividends, those are taxed as well.
Oh, yeah, that's complete and utter Conservative bullsht as you only pay capital gains tax on profit, not the money invested. Seems our Converative friends are unclear of the meaning of the word, "gains ".