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

But that money is ALREADY taxed. If Bob was saving some of his earning every year that money is taxed at regular rate, then taxed again at capital gains. It's double taxation. That is also the money that goes around to fuel M&A activity, venture capital etc. [/quote]

No, the money was not "already taxed". If he earns money, taxed on it, and then invests 100k and makes 10k on that investment, only the 10k made on the investment is taxed, not the 100k that he previously earned and was already taxed on. How dense are you?[/quote]

And he pays tax on that gain, a gain that wouldn't have occurred if he didn't provide that initial pot. And that helps to fuel millions of jobs and the basis of our economy which is our capital markets.[/quote]

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