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Originally Posted by Winstonbiggs
A decision to put savings under a matress is an investment decision based on preserving capital at all cost. People make decisions to take income below the rate of inflation all day long in a high risk environment.
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Again, just because you choose to call putting money under your mattress to devalue over time an investment, does not make it an investment. Words have meanings Winston, and that action is not an investment.
Quote:
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Investment income is taxed at a higher rate then wages. The investment income was earned as wages at some point and taxed that taxed money that is invested and actually earns a profit will be taxed at the corporate level currently 35% and it is going to be taxed as a capital gain or dividend when distributed all the while being eatin up by inflation just like the person he decided to put their's under a mattress.
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Holy Christ, the same old dusty and crusty "I'm being Double Taxed" argument, with an added bonus of the new and improved "I'm actually being triple taxed"?
/facepalm
Best of luck with your investments Winston.