On 11/7/2012 10:50 AM, Stephen Russell wrote:
Not sure why this money should be re-taxed at ordinary rates. It already was through that wringer declaring it as profit. Thus taxed to the company as INCOME.
EXACTLY! This money was somebody's after-tax money that was re-invested in a business! Taxing it yet again at ordinary rates sounds completely wrong (unless your goal is socialism)!
-- Mike Babcock, MCP MB Software Solutions, LLC President, Chief Software Architect http://mbsoftwaresolutions.com http://fabmate.com http://twitter.com/mbabcock16 _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://mail.leafe.com/mailman/listinfo/profox OT-free version of this list: http://mail.leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/509ab4da.6020...@mbsoftwaresolutions.com ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.