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All money is taxed multiple times. The basic principle behind taxation is that when you receive a profit you pay a tax on it. There are exceptions. The money
by yequalsx 9y ago
All money is taxed multiple times. The basic principle behind taxation is that when you receive a profit you pay a tax on it. There are exceptions.
The money I earn is taxed. When I spend my after tax money to buy a car it gets taxed. The car dealership pays tax on the profit generated by my purchase even though I already payed income tax on the money I used to buy the car.
All money is "infinitely" taxed. When I find a million dollars on the street I owe tax on it. Why not when I get the money because someone died?