Bill Gates Calls to Raise Capital Gains Tax (salary, dollar, retirement)

[pghquest]

Originally Posted by pknopp

There are no shares.

um.. yeah there are, just not for public consumption.

[TrapperJohn]

Originally Posted by pknopp

There are no single stockholders. That was the claim.

You are totally misinformed. I owned 100% of the stock of my company - 1 share. If you own an S-Corp, you must have less than 25 shareholders and you must disclose them. Depending on the state, if you have a C Corp you must disclose the shareholders. Many authorize and issue one share.
If you are referring to people operating as sole proprietors, there are no shares. Most small businesses are either S corps, C corps, or LLC's.

[TrapperJohn]

Originally Posted by JGMotorsport64

You can have single stockholders. Usually people do it by selling property to the corporation and then selling shares back.

Most people simply authorize and issue a few shares at a low par value. Additional investment is additional paid-in capital.

The guy saying there are no single shareholder companies is delusional.

[pknopp]

Originally Posted by JGMotorsport64

You can have single stockholders. Usually people do it by selling property to the corporation and then selling shares back.

That's not what is being discussed. That's entirely internal and has nothing to do with capital gains as being discussed.

[JGMotorsport64]

Originally Posted by pknopp

That's not what is being discussed. That's entirely internal and has nothing to do with capital gains as being discussed.

You're saying there's no such thing as single stockholders and I like many are telling you you're very wrong.

[Phil P]

All the capital gains tax break does is favor those who make money off of money. Income is income, no matter if you are earning it from capital or labor. It especially does not help the economy ATM IMO because there's not a lack of private investment but more of a glut of it, as many people are looking to dump their money somewhere.

The double tax argument is stupid, because every single tax is a double tax of some revenue. A sales tax is a double tax on your income tax, and the corporate tax is a double tax on the sales tax that the store had to pay and.... The economy is circular.

[pknopp]

Originally Posted by TrapperJohn

Most people simply authorize and issue a few shares at a low par value. Additional investment is additional paid-in capital.

The guy saying there are no single shareholder companies is delusional.

You can address me direct. Why discuss me behind my back? We are talking stocks being bought and sold and being taxed on their capital gains.

[pknopp]

Originally Posted by JGMotorsport64

You're saying there's no such thing as single stockholders and I like many are telling you you're very wrong.

There are single wheel bicycles also.........irrelevant to the discussion.

[pknopp]

Originally Posted by Phil P

All the capital gains tax break does is favor those who make money off of money. Income is income, no matter if you are earning it from capital or labor. It especially does not help the economy ATM IMO because there's not a lack of private investment but more of a glut of it, as many people are looking to dump their money somewhere.

The double tax argument is stupid, because every single tax is a double tax of some revenue. A sales tax is a double tax on your income tax, and the corporate tax is a double tax on the sales tax that the store had to pay and.... The economy is circular.

The double tax argument is completely bogus at that. Only the amount of profit is taxed. The original investment is not.

[JGMotorsport64]

Originally Posted by pknopp

There are single wheel bicycles also.........irrelevant to the discussion.

Hey you said it..