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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

Significant?

So here's the scenario you describe: Person creates a company, employs a number of people, they create a good or a service, sell it to people who benefit from it, the company grows and then they sell it. They are taxed on the sale, and if they invest that money they are taxed on any gains they make yearly. So go back and think of all the taxes they paid, be it unemployment tax, or employer contributions to FICA, health care, retirement, and then the economic impact of hiring workers, or just general spending from the business etc. The overall stimulus to the economy is much much more than your janitor example you love to tout, or even a teacher or a nurse. That is just the facts. Vilifying someone who has done all of that as evil as our President seems to do daily is a clear disincentive for the next person to take this long path to reach that status. The sensible Economist which is a pretty left of center free market publication talks about this. On one hand the president talks about wanting American business to be strong and higher more workers then he calls the same people who will do so "fat cats" http://www.economist.com/node/21530100. The problem isn't Democrats in general, Bill Clinton never did this, its Obama and his staff and their view of the world. I've never heard a president sound so anti-business so anti-capitalism as from Obama. The issue of taxes is really just a small number it's the way he seems to just HATE anyone who owns a business.

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Employer-Sponsored Insurance is heavily subsidized by the federal government. This is a win-win for all, so don't count it as a burden on the business owner.  There are also significant tax breaks for new businesses, and other subsidies.

So, Bob creates company XYZ, makes $150k. He pays taxes on this, bringing it to $100k. He invests this wisely, and makes $10k. He isn't taxed on $110k, just $10k. At 15%, he pays $1500 in taxes, meaning he has $108,500.  If he paid 30% on that 10k, he'd still have $106,600. Its not touching the principal, only the earnings, which has not been taxed at all. Seems fair to me.[/quote]

Well I guess just taking people's money seems "fair" to you. Doesn't matter that Bob not the janitor toiled to make this company. that's irrelevant, Bob definitely needs to share more. And you're not a socialist? [/quote]

How did Bob "toil" on this investment? Called his broken buddy and said "make me more money!" Really. He didn't "work" for it at all. Apple made a new widget which a ton of people bought. Apple stock went up. Bob reaps the benefit. Uncle Sam takes a slice off the top.

Bottom line, the money made on that investment is still INCOME. It's why its taxed.  The arguement is how much should it be taxed. I think it should be taxed the same as regular income. [/quote]

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