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The bill of goods Americans have been sold is that investing consists of buying and selling stocks on the open market. Unless the company gets the money from the sale of shares, you are gambling that the economy, management, and government will align and the share price will go up. Please explain why this activity sh...more
The author conveniently omits that, if you were employed, your employer paid an equal amount, All of your salary (not half) is used to calculate your benefit. Your emplyer's portion is a cost of business and therefore deductible to him. No tax has been paid on the employer's part. Why should that part escape taxati...more
7/10/2012
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