Quote:
Originally Posted by keysync
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?
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You could argue that the earned income from the investment is new money so why should it be taxed at a different rate than money you earn from a job? Why is one money worth taxing more than another?