*Loan,banking and credit>>>income tax

Do people realize that investment income is taxed twice?

We all understand that dividends come from post-tax earnings of a corporation. But capital gains are also taxed twice.

Long term capital gains are taxed at 15%.

But that 15% comes on top of the corporate level tax.

Stocks trade at a multiple of AFTER-TAX earnings. They rise or fall based on perceived earnings growth. Thus if with new information the market determines that a company's forward pre-tax earnings will be $2/share more than it previously thought, the stock will rise - but at a multiple of $1.40/share, not $2/share - - thus the corporate level taxes DO reduce your gain - - - your gain is taxed a SECOND time at 15% - - - or at ordinary rates if you held the asset for less than a year (i.e., if you bought something that went up in less time than a year - i.e., you're punished for knowing what you're doing).

So, the corporation is taxed at 35% and THEN you're taxed at 15% - - - or 39%. So investment income IS taxed at a higher rate than "earned" income.

Yes, I realize that.

Perhaps corporate income tax should be eliminated and just tax money that individuals receive at the same rate, whether it be from salary, dividends, or capital gains.

Yep. The Government has to get their money somehow as they have no other way to fund all the social programs for illegal immigrants.
Poor things. How do they live with those $100 million salaries and trust funds.
Yeah and then you pay sales tax and tax on what every you buy like a car, then tax to use it if it takes gas with the gas tax.

The overall tax rate for every dollar earned is about 42%. My economics prof in college told me this. That means every dollar to make you only get 58 cents. The rest goes to uncle sam.
everytime earned income is spent in the market it is taxed (unless it is food) So that gets taxed twice too. What's your point? Get rid of taxes on it if you want, but you better get rid of the tax write offs for the losses too...
ah, they always hate it when they have to do the accountable side too...fiscal conservatism is dead.
I couldn't imagine how many time the same dollars is taxed in a single year as it get passed from person to person. I think the income tax should be abandoned completely.