DOUBLE TAXATION….Just a quick question: who came up with this lame nonsense about how the tax on dividends is unfair because dividends are taxed twice?
I pay income tax on my entire income (being the honest Joe I am) and then when I go out to buy stuff I pay sales tax from the income that’s left over. Does that mean my income is taxed twice?
Well, yes. But so what? I’d venture to guess that every form of income is taxed at least twice, and maybe three or four times. This argument is just another bogus ? but remarkably effective ? class warfare talking point from the Republican Party, friend of the common man.