Thread: Bain Capital Under Investigation For Tax Avoidance-Romney Denies Any Benefit
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Old 09-02-2012, 06:51 PM  
epitome
So Fucking Lame
 
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Join Date: Jun 2009
Location: St. Petersburg, FL
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Quote:
Originally Posted by keysync View Post
Why doesn't that make sense?

If you have a regular 40 hour a week job and you save back some money to invest each week out of your paycheck you have already paid you share of income taxes on that money.

So you buy some stock with that saved money and it doubles.
You think you should pay the same tax rate again on that money?
You don't pay it again. You only pay on gains. If it comes from somewhere else it is income. Look up the definition of the word.
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