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**Zdmlscid** · 01-26-2012, 07:19 AM

The money that Buffet and pay 15% on has already been taxed once when they earned it. capital gains taxation is double taxation.

taxing the interest on money you put in savings after earning it (and being taxed on it) is also double taxation.

If you want to do something with the tax code that would actually help, withhold SS taxes on all income including capital gains. Why should Buffet and only pay SS on the first 106K of earnings? Or, nothing at all if all their income is from capital gains?

Because they're not going to get anything out of it anywhere commensurate with what they put in. SS is not a welfare program. It was supposed to be insurance, for everybody. If we're ditching that and calling it welfare, take the fucking special tax away and pay for it out of the general fund, like all welfare programs.

I'll have no more of this bullshit talk about taxing the rich more and means-testing for SS. If you can't fix it the way it is, and keep the promises that you all seem to care so much about, abolish the fucking program immediately and try to start a replacement welfare program. Fuck you if you don't get anything back after paying in. That's what you get for being a sucker.

01-26-2012, 07:19 AM	#11
Zdmlscid Join Date Oct 2005 Posts 384 Senior Member	The money that Buffet and pay 15% on has already been taxed once when they earned it. capital gains taxation is double taxation. taxing the interest on money you put in savings after earning it (and being taxed on it) is also double taxation. If you want to do something with the tax code that would actually help, withhold SS taxes on all income including capital gains. Why should Buffet and only pay SS on the first 106K of earnings? Or, nothing at all if all their income is from capital gains? Because they're not going to get anything out of it anywhere commensurate with what they put in. SS is not a welfare program. It was supposed to be insurance, for everybody. If we're ditching that and calling it welfare, take the fucking special tax away and pay for it out of the general fund, like all welfare programs. I'll have no more of this bullshit talk about taxing the rich more and means-testing for SS. If you can't fix it the way it is, and keep the promises that you all seem to care so much about, abolish the fucking program immediately and try to start a replacement welfare program. Fuck you if you don't get anything back after paying in. That's what you get for being a sucker.
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