General Discussion
In reply to the discussion: Can you be pro-Republican Economics and still be considered a Democrat? [View all]jmowreader
(53,011 posts)The money I am paid comes out of my company's advertising revenue. So...
Joe Smith goes to work and earns money. He pays taxes on it. (It goes farther back than that, but that's okay for now.)
Joe then takes some of that money to Acme Real Estate and buys a house. Acme Real Estate pays taxes on it. Mary the Realtor pays taxes on her share. The person who owned the house Joe bought pays taxes on it. And Joe pays taxes on the house.
Acme Real Estate buys a display ad in my paper, and Mary buys a classified ad. We pay taxes on the ad revenue.
We buy paper, ink, plates, press oil, diesel for the delivery truck, electricity (lots and LOTS of electricity) to run the building, and shipping supplies, and pay tax on all those things.
We pay the staff. Some of it I get. We all pay taxes on it.
I then take the money to the store and buy pants. I pay sales tax on the pants and the store pays business tax on the profit.
The people who bitch about capital gains tax have no income taxable at "ordinary" rates. They don't want to pay capital gains tax because, in the final analysis, they really don't want to pay ANY tax.
