The Soapbox

BocaHoo91

Joined: 06/03/2005 Posts: 31020
Likes: 52381


No, I mean first time gains have been taxed at any level.


For financial assets that's often the case. For real property, people DO pay property taxes to local gov't, but I'm not sure why you think that that should exempt the federal gov't from collecting federal taxes on the gain.

NYC and SFO have city income taxes.... should the federal gov't not be able to collect federal income tax on residents of NYC or SFO because the money is taxed at the city level.

(In response to this post by TomKazanski)

Posted: 09/17/2017 at 9:03PM



+0

Insert a Link

Enter the title of the link here:


Enter the full web address of the link here -- include the "http://" part:


Current Thread:
  Because my party tells me it affects the common man? ** -- FfxStationHokie 09/18/2017 08:33AM
  It just isn't necessary -- Faz d. Hoo 09/18/2017 12:20PM
  You can't have it both ways -- Faz d. Hoo 09/18/2017 1:30PM
  Because it keeps the wealthy family wealthy. ** -- graycalhoo 09/17/2017 7:57PM
  The "right incentives" according to whom? ** -- Hokie5150 09/18/2017 09:59AM
  According to human history? -- SchmHoo 09/18/2017 3:37PM
  Why are Progs so obsessed with taxing the rich? -- ConnHoo 09/17/2017 7:25PM
  Yes, everyone should pay their fair share -- Faz d. Hoo 09/17/2017 11:38PM
  Because they have miserable lives and that's not fair -- TomKazanski 09/17/2017 8:42PM
  Or the gini numbers -- Hfbyrd 09/17/2017 11:29PM
  Death tax is stupid and immoral. ** -- ryno hoo 09/17/2017 7:07PM
  You're pretty good at spreading it ** -- hooshouse 09/17/2017 7:22PM
  The cap gains tax needs to be paid. -- hoolstoptheheels 09/17/2017 9:22PM
  If they've appreciated, sure. Unless the idea is tax basis -- hoolstoptheheels 09/17/2017 7:10PM

Notice: Trying to get property 'queue' of non-object in /data/www/sportswar.com/wp-includes/script-loader.php on line 2781

Warning: Invalid argument supplied for foreach() in /data/www/sportswar.com/wp-includes/script-loader.php on line 2781
vm307