Re: Tax Bill
Disagree. In the case of dividends, its an example of double-dipping by the government. First they tax the corporations, Then they tax the after-tax distributions. Either make dividends tax exempt, or eliminate the corporate income tax.
Capital gains taxes would be more palatable if they were indexed. For example, a person who bought a home in 1975 for $40,000 and who sells it today for $400,000 has not really made $360,000 in income. One 1975 dollar does not equal one 2005 dollar. In the case of stock and bond transactions, I see no reason why that income needs to be treated any differently than any other income.
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