"I actually believe in redistribution"

I answered the question in post 109. You wither don't like the answer or don't understand the answer. That doesn't change the fact that I correctly answered the question. If you need a detailed explanation I can give you one, but I was working on the assumption that you are a bright guy. If that is an incorrect assumption I can use smaller less complicated words.

Also way to leave out post 114. That wasn't hackish at all. This is the exact reason noone takes you seriously as a debater. You ask for a link, you get one, then you ask the same questions again and again and again.

 

How much of that capital loss can you claim?

 

Because they arise from funds that was already subject to taxation. It is widely held economic and accounting thought that this is double taxation. It is the consensus among accountants and economists, and it has been for well for going on 200 years. That you disagree does not change this.

And, for capital assets held long term, cost basis is awful. Cost basis doesn't account for inflation. If you have a cost basis gain of 15 percent over three years, but over that same period inflation is 5% then your real gain is only 10%. So in effect your effective tax rate is really not 15% it is 22.5%. One of a myriad of reasons that ordinary income and capital income are not the same and another reason why they should not be taxed the same.

You asked to cite an example where capital gains tax was a text book example of double taxation, which I did. The explanation of why it is double taxation was explained in post 109. See what I mean about you being a bar raiser and question begger.

Those weren't attacks on your credibility. They were my observations of your underhanded debating tactics.

 

The existence of dissent does not negate the fact that the overwhelming consensus is that capital gains is a form of double taxation. I know not one CPA of CFA that does not consider it such.

Maybe beside your point, but exactly in line with mine which is that Capital Gain income is not the same as ordinary income.

Intellectual honesty is paramount to having a good debate. If you are going to continue to question beg and bar raise it will only further diminish your credibility.

 

So a couple of dudes with blogs opens up room for discussion??? What are the credentials of the bloggers, are they CPAs, economic modelers? What is so autoritative about their point of view that you wouald appeal to these guys over countless economists and accountants and published literature that view capital gains taxes as double taxation?

I get those to blogs were the first two things that popped up when you googled "why is capital gains not a double tax." What I don't get is why you think they are credible, other than that they sort of agree with your errant notion.

And they very clearly are taxed twice, even though you don't like it. No I am not changing the subject.

You need thicker skin old man. And since when is not understanding the same as picking holes? The only thing you have been picking is your nose.

 

Unlike this thread, Red sure did like to post that Global Warming was accepted by a large majority of scientist. Man made at that.

Even known the evidence was well, man made.


Now how the tables have turned...