I didn't say that. Capital gains tax is fine by me, but it should be lower than the standard tax rate. I was just alluding to what is essentially double taxation. They paid the tax to earn the money, then pay tax on the interest or dividends that money earns. There needs to be an incentive to invest and take risk. (Opportunity cost argument, for you other economists out there) That is how new industries are born and technology improves.

C-Corps pay tax on net income, in addition to other taxes like B&O, etc. Then, as that net income is shared with the owners, shareholders or owners of closely held businesses, the owners get to pay tax on that income again.

S-Corps, Sole Propreitorships & LLC's shift profits to their owners and pay income taxes their, avoiding double taxation to a certain extent.

I am in favor of a flat tax, plain and simple. Evens out the playing field right away, and gets rid of a huge waste of funds at the IRS.

I''m neither right nor left. I make fun of everybody, and over the top liberals are easy pickings, just like over the top conservatives.