Why does my painter have to pay taxes?
After all the money that I pay him has already been taxed.
There is a large majority in this country that claims that dividends from stocks shouldn't be taxed because the corporation has already been taxed and therefore the government is taxing the profits twice. Under that reasoning I'm asking why should my painter have to pay taxes on the wages I pay him for painting my apartment, after all I already paid taxes on the wages that I'm giving him. Of cause if ones an elitist, that person might say he's being taxed on wages, and one has got to be encouraged to invest. Of cause many of the companies with the highest stock values don't pay dividends (go figure).
So in conclusion the value of work is less then the value of money received from investing.
* To be fair my independent contractor painter is probably not reporting his earnings to the IRA, or as I like to call it Greeking or in the old fashion term being paid off the books.
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