Rmoney and Taxes

[bedub1]

I don't foresee the call for rMoney to release his taxes coming to a closure any time soon, so how about a thread dedicated to just that.

Why won't rMoney release his tax returns?
Do you think he is hiding illegal activity?
Do you think he is hiding legal activity?
Do you think a presidential candidate should release their tax returns?
When rMoney say's he did pay taxes, do you think he just means sales tax/property taxes?
What tax rate do you think rMoney pays?
Do you think he works the deductions to the point he doesn't have to pay any federal income taxes?
Do you think he's worked the system so well that he actually got a tax return?
What do you think John Mccains response to seeing rMoney's taxes was? (pick palin obviously)
Do you think it's worse to hide your tax returns, or get called out on what's in them?
If a hacker managed to release rMoney's tax returns without Mitt's permission, would that be a good thing or a bad thing?
Do you agree with Mitt that taxes on the middle class/poor should go up and taxes on the wealthy should go down?

[Symmetry]

Plenty of questions, and they will multiply, but Romney should just get this over with if there's nothing to see.

[patrickaa317]

Why won't rMoney release his tax returns? - I'm not sure. Once he provides an answer, I'll let you know.
Do you think he is hiding illegal activity? Doubtful, for someone to be running for president for 6 years, if their tax returns would be self incriminating, one would hope they were smart enough not to run.
Do you think he is hiding legal activity? If he isn't showing you data and there is some activity that correlates with that data, legal activity could be considered hidden.
Do you think a presidential candidate should release their tax returns? If they want to but I don't think it should be required by law.
When rMoney say's he did pay taxes, do you think he just means sales tax/property taxes? Those and several others I'm sure.
What tax rate do you think rMoney pays? How many average Americans do you think it takes to pay the same amount of tax dollars as him?
Do you think he works the deductions to the point he doesn't have to pay any federal income taxes? - What person wouldn't if they could?
Do you think he's worked the system so well that he actually got a tax return? - Anyone can get a tax return if they pay in more than they owe. If he paid in 70 gazillion dollars and only owed 69 gazillion, he would get a return of 1 gazillion (note this is actually HIS money that would be returned to him) and would have still paid in 69 gazillion dollars
What do you think John Mccains response to seeing rMoney's taxes was? (pick palin obviously) - holy shit, this guy was successful and makes a lot of money.
Do you think it's worse to hide your tax returns, or get called out on what's in them? - Depends what is in them.
If a hacker managed to release rMoney's tax returns without Mitt's permission, would that be a good thing or a bad thing? - it'd be bad no matter what was on them, would you want your personal information being hacked and shared with the world?
Do you agree with Mitt that taxes on the middle class/poor should go up and taxes on the wealthy should go down? - source?

EDIT: Fixed formatting

[Symmetry]

Why won't rMoney release his tax returns? - I'm not sure. Once he provides an answer, I'll let you know.
Do you think he is hiding illegal activity? Doubtful, for someone to be running for president for 6 years, if their tax returns would be self incriminating, one would hope they were smart enough not to run.
Do you think he is hiding legal activity? If he isn't showing you data and there is some activity that correlates with that data, legal activity could be considered hidden.
Do you think a presidential candidate should release their tax returns? If they want to but I don't think it should be required by law.
When rMoney say's he did pay taxes, do you think he just means sales tax/property taxes? Those and several others I'm sure.
What tax rate do you think rMoney pays? How many average Americans do you think it takes to pay the same amount of tax dollars as him?
Do you think he works the deductions to the point he doesn't have to pay any federal income taxes? - What person wouldn't if they could?
Do you think he's worked the system so well that he actually got a tax return? - Anyone can get a tax return if they pay in more than they owe. If he paid in 70 gazillion dollars and only owed 69 gazillion, he would get a return of 1 gazillion (note this is actually HIS money that would be returned to him) and would have still paid in 69 gazillion dollars
What do you think John Mccains response to seeing rMoney's taxes was? (pick palin obviously) - holy shit, this guy was successful and makes a lot of money.
Do you think it's worse to hide your tax returns, or get called out on what's in them? - Depends what is in them.
If a hacker managed to release rMoney's tax returns without Mitt's permission, would that be a good thing or a bad thing? [color=#FF0000] - it'd be bad no matter what was on them, would you want your personal information being hacked and shared with the world?
Do you agree with Mitt that taxes on the middle class/poor should go up and taxes on the wealthy should go down? - source?

You could have just typed out "I agree with Willard" and saved yourself some time looking like you were engaging with some pretty legitimate criticism.

[patrickaa317]

Why won't rMoney release his tax returns? - I'm not sure. Once he provides an answer, I'll let you know.
Do you think he is hiding illegal activity? Doubtful, for someone to be running for president for 6 years, if their tax returns would be self incriminating, one would hope they were smart enough not to run.
Do you think he is hiding legal activity? If he isn't showing you data and there is some activity that correlates with that data, legal activity could be considered hidden.
Do you think a presidential candidate should release their tax returns? If they want to but I don't think it should be required by law.
When rMoney say's he did pay taxes, do you think he just means sales tax/property taxes? Those and several others I'm sure.
What tax rate do you think rMoney pays? How many average Americans do you think it takes to pay the same amount of tax dollars as him?
Do you think he works the deductions to the point he doesn't have to pay any federal income taxes? - What person wouldn't if they could?
Do you think he's worked the system so well that he actually got a tax return? - Anyone can get a tax return if they pay in more than they owe. If he paid in 70 gazillion dollars and only owed 69 gazillion, he would get a return of 1 gazillion (note this is actually HIS money that would be returned to him) and would have still paid in 69 gazillion dollars
What do you think John Mccains response to seeing rMoney's taxes was? (pick palin obviously) - holy shit, this guy was successful and makes a lot of money.
Do you think it's worse to hide your tax returns, or get called out on what's in them? - Depends what is in them.
If a hacker managed to release rMoney's tax returns without Mitt's permission, would that be a good thing or a bad thing? [color=#FF0000] - it'd be bad no matter what was on them, would you want your personal information being hacked and shared with the world?
Do you agree with Mitt that taxes on the middle class/poor should go up and taxes on the wealthy should go down? - source?

You could have just typed out "I agree with Willard" and saved yourself some time looking like you were engaging with some pretty legitimate criticism.

You could have added something to the discussion by calling out what you disagree with in my post or posting your own thoughts.

[Symmetry]

Why won't rMoney release his tax returns? - I'm not sure. Once he provides an answer, I'll let you know.
Do you think he is hiding illegal activity? Doubtful, for someone to be running for president for 6 years, if their tax returns would be self incriminating, one would hope they were smart enough not to run.
Do you think he is hiding legal activity? If he isn't showing you data and there is some activity that correlates with that data, legal activity could be considered hidden.
Do you think a presidential candidate should release their tax returns? If they want to but I don't think it should be required by law.
When rMoney say's he did pay taxes, do you think he just means sales tax/property taxes? Those and several others I'm sure.
What tax rate do you think rMoney pays? How many average Americans do you think it takes to pay the same amount of tax dollars as him?
Do you think he works the deductions to the point he doesn't have to pay any federal income taxes? - What person wouldn't if they could?
Do you think he's worked the system so well that he actually got a tax return? - Anyone can get a tax return if they pay in more than they owe. If he paid in 70 gazillion dollars and only owed 69 gazillion, he would get a return of 1 gazillion (note this is actually HIS money that would be returned to him) and would have still paid in 69 gazillion dollars
What do you think John Mccains response to seeing rMoney's taxes was? (pick palin obviously) - holy shit, this guy was successful and makes a lot of money.
Do you think it's worse to hide your tax returns, or get called out on what's in them? - Depends what is in them.
If a hacker managed to release rMoney's tax returns without Mitt's permission, would that be a good thing or a bad thing? [color=#FF0000] - it'd be bad no matter what was on them, would you want your personal information being hacked and shared with the world?
Do you agree with Mitt that taxes on the middle class/poor should go up and taxes on the wealthy should go down? - source?

You could have just typed out "I agree with Willard" and saved yourself some time looking like you were engaging with some pretty legitimate criticism.

You could have added something to the discussion by calling out what you disagree with in my post or posting your own thoughts.

That he has something to hide?

I don't think that's a new conclusion...

That I think he should just release his tax returns?

That's kind of a no-brainer...

Easy answer on this one. He should release his tax returns.

[patrickaa317]

Why won't rMoney release his tax returns? - I'm not sure. Once he provides an answer, I'll let you know.
Do you think he is hiding illegal activity? Doubtful, for someone to be running for president for 6 years, if their tax returns would be self incriminating, one would hope they were smart enough not to run.
Do you think he is hiding legal activity? If he isn't showing you data and there is some activity that correlates with that data, legal activity could be considered hidden.
Do you think a presidential candidate should release their tax returns? If they want to but I don't think it should be required by law.
When rMoney say's he did pay taxes, do you think he just means sales tax/property taxes? Those and several others I'm sure.
What tax rate do you think rMoney pays? How many average Americans do you think it takes to pay the same amount of tax dollars as him?
Do you think he works the deductions to the point he doesn't have to pay any federal income taxes? - What person wouldn't if they could?
Do you think he's worked the system so well that he actually got a tax return? - Anyone can get a tax return if they pay in more than they owe. If he paid in 70 gazillion dollars and only owed 69 gazillion, he would get a return of 1 gazillion (note this is actually HIS money that would be returned to him) and would have still paid in 69 gazillion dollars
What do you think John Mccains response to seeing rMoney's taxes was? (pick palin obviously) - holy shit, this guy was successful and makes a lot of money.
Do you think it's worse to hide your tax returns, or get called out on what's in them? - Depends what is in them.
If a hacker managed to release rMoney's tax returns without Mitt's permission, would that be a good thing or a bad thing? [color=#FF0000] - it'd be bad no matter what was on them, would you want your personal information being hacked and shared with the world?
Do you agree with Mitt that taxes on the middle class/poor should go up and taxes on the wealthy should go down? - source?

You could have just typed out "I agree with Willard" and saved yourself some time looking like you were engaging with some pretty legitimate criticism.

You could have added something to the discussion by calling out what you disagree with in my post or posting your own thoughts.

That he has something to hide?

I don't think that's a new conclusion...

That I think he should just release his tax returns?

That's kind of a no-brainer...

Easy answer on this one. He should release his tax returns.

I would also like it if Romney released his information. I would also like it if Obama would release his college transcripts. And explain the discrepancies in his birth certificate filing and the discrepancy in his social security number. I would also like Romney to provide his birth certificate as well as his running mate and any applicable college transcripts for either of them. And if applicable, college thesis papers for any presidential or vice presidential candidates.

Not to mention I would like to see Harry Reid and John Boehner's tax documents. I haven't been able to find any details as to how Reid achieved his wealth. As I once heard: A poor man should be able to serve in congress. A rich man should be able to serve in congress. But no poor man should serve in congress and leave as a rich man; and that is what I see all too often.

I think Romney should release his taxes once Obama releases his college transcripts. Obama is 4 years behind on that and I see no media pressure on getting that done.

[Symmetry]

Why won't rMoney release his tax returns? - I'm not sure. Once he provides an answer, I'll let you know.
Do you think he is hiding illegal activity? Doubtful, for someone to be running for president for 6 years, if their tax returns would be self incriminating, one would hope they were smart enough not to run.
Do you think he is hiding legal activity? If he isn't showing you data and there is some activity that correlates with that data, legal activity could be considered hidden.
Do you think a presidential candidate should release their tax returns? If they want to but I don't think it should be required by law.
When rMoney say's he did pay taxes, do you think he just means sales tax/property taxes? Those and several others I'm sure.
What tax rate do you think rMoney pays? How many average Americans do you think it takes to pay the same amount of tax dollars as him?
Do you think he works the deductions to the point he doesn't have to pay any federal income taxes? - What person wouldn't if they could?
Do you think he's worked the system so well that he actually got a tax return? - Anyone can get a tax return if they pay in more than they owe. If he paid in 70 gazillion dollars and only owed 69 gazillion, he would get a return of 1 gazillion (note this is actually HIS money that would be returned to him) and would have still paid in 69 gazillion dollars
What do you think John Mccains response to seeing rMoney's taxes was? (pick palin obviously) - holy shit, this guy was successful and makes a lot of money.
Do you think it's worse to hide your tax returns, or get called out on what's in them? - Depends what is in them.
If a hacker managed to release rMoney's tax returns without Mitt's permission, would that be a good thing or a bad thing? [color=#FF0000] - it'd be bad no matter what was on them, would you want your personal information being hacked and shared with the world?
Do you agree with Mitt that taxes on the middle class/poor should go up and taxes on the wealthy should go down? - source?

You could have just typed out "I agree with Willard" and saved yourself some time looking like you were engaging with some pretty legitimate criticism.

You could have added something to the discussion by calling out what you disagree with in my post or posting your own thoughts.

That he has something to hide?

I don't think that's a new conclusion...

That I think he should just release his tax returns?

That's kind of a no-brainer...

Easy answer on this one. He should release his tax returns.

I would also like it if Romney released his information. I would also like it if Obama would release his college transcripts. And explain the discrepancies in his birth certificate filing and the discrepancy in his social security number. I would also like Romney to provide his birth certificate as well as his running mate and any applicable college transcripts for either of them. And if applicable, college thesis papers for any presidential or vice presidential candidates.

Not to mention I would like to see Harry Reid and John Boehner's tax documents. I haven't been able to find any details as to how Reid achieved his wealth. As I once heard: A poor man should be able to serve in congress. A rich man should be able to serve in congress. But no poor man should serve in congress and leave as a rich man; and that is what I see all too often.

I think Romney should release his taxes once Obama releases his college transcripts. Obama is 4 years behind on that and I see no media pressure on getting that done.

Cos it's not the same thing, perhaps? Plus the Birther stuff is just bunk at this point.

[patrickaa317]

Why won't rMoney release his tax returns? - I'm not sure. Once he provides an answer, I'll let you know.
Do you think he is hiding illegal activity? Doubtful, for someone to be running for president for 6 years, if their tax returns would be self incriminating, one would hope they were smart enough not to run.
Do you think he is hiding legal activity? If he isn't showing you data and there is some activity that correlates with that data, legal activity could be considered hidden.
Do you think a presidential candidate should release their tax returns? If they want to but I don't think it should be required by law.
When rMoney say's he did pay taxes, do you think he just means sales tax/property taxes? Those and several others I'm sure.
What tax rate do you think rMoney pays? How many average Americans do you think it takes to pay the same amount of tax dollars as him?
Do you think he works the deductions to the point he doesn't have to pay any federal income taxes? - What person wouldn't if they could?
Do you think he's worked the system so well that he actually got a tax return? - Anyone can get a tax return if they pay in more than they owe. If he paid in 70 gazillion dollars and only owed 69 gazillion, he would get a return of 1 gazillion (note this is actually HIS money that would be returned to him) and would have still paid in 69 gazillion dollars
What do you think John Mccains response to seeing rMoney's taxes was? (pick palin obviously) - holy shit, this guy was successful and makes a lot of money.
Do you think it's worse to hide your tax returns, or get called out on what's in them? - Depends what is in them.
If a hacker managed to release rMoney's tax returns without Mitt's permission, would that be a good thing or a bad thing? [color=#FF0000] - it'd be bad no matter what was on them, would you want your personal information being hacked and shared with the world?
Do you agree with Mitt that taxes on the middle class/poor should go up and taxes on the wealthy should go down? - source?

You could have just typed out "I agree with Willard" and saved yourself some time looking like you were engaging with some pretty legitimate criticism.

You could have added something to the discussion by calling out what you disagree with in my post or posting your own thoughts.

That he has something to hide?

I don't think that's a new conclusion...

That I think he should just release his tax returns?

That's kind of a no-brainer...

Easy answer on this one. He should release his tax returns.

I would also like it if Romney released his information. I would also like it if Obama would release his college transcripts. And explain the discrepancies in his birth certificate filing and the discrepancy in his social security number. I would also like Romney to provide his birth certificate as well as his running mate and any applicable college transcripts for either of them. And if applicable, college thesis papers for any presidential or vice presidential candidates.

Not to mention I would like to see Harry Reid and John Boehner's tax documents. I haven't been able to find any details as to how Reid achieved his wealth. As I once heard: A poor man should be able to serve in congress. A rich man should be able to serve in congress. But no poor man should serve in congress and leave as a rich man; and that is what I see all too often.

I think Romney should release his taxes once Obama releases his college transcripts. Obama is 4 years behind on that and I see no media pressure on getting that done.

Cos it's not the same thing, perhaps? Plus the Birther stuff is just bunk at this point.

College transcripts & thesis can tell you a lot more about a person than tax returns. Tax returns just tell you details about financials and the accountant that prepares them. Transcripts and thesis papers can tell you how a person thinks and what they believe in.

[Symmetry]

I think Romney should release his taxes once Obama releases his college transcripts. Obama is 4 years behind on that and I see no media pressure on getting that done.

Cos it's not the same thing, perhaps? Plus the Birther stuff is just bunk at this point.

College transcripts & thesis can tell you a lot more about a person than tax returns. Tax returns just tell you details about financials and the accountant that prepares them. Transcripts and thesis papers can tell you how a person thinks and what they believe in.

Seriously? I work at a uni. Juvenelia says nothing.

[Phatscotty]

Mitt Romney pays more in taxes in 30 days than 99% of people here will pay in their lifetime.

I don't get the insanity about this issue, and I think it's another losing tactic, even objectively. Harry Reid has stepped in it big time. Looks like Romney has started to take the bait. He could use some lessons from The Phat One here

Release Obama's College transcripts!

[Symmetry]

Mitt Romney pays more in taxes in 30 days than 99% of people here will pay in their lifetime.

Interesting, can you post a source for his tax returns?

[Phatscotty]

Mitt Romney pays more in taxes in 30 days than 99% of people here will pay in their lifetime.

Interesting, can you post a source for his tax returns?

Isn't it?

http://www.mittromney.com/learn/mitt/ta ... adr-return

[GreecePwns]

Zero wages.

Nice. So his tax rate ends up being below 15%.

[bedub1]

Zero wages.

Nice. So his tax rate ends up being below 15%.

So should the tax rate be applied to the Adjusted Gross Income instead of line by line based upon the type of income it is?

[Phatscotty]

Nice. So his tax rate ends up being below 15%.

It doesn't matter what the rate is. 15% of millions or billions is still millions or billions, which is an amount 99% of us will never pay in a lifetime.

For the record, I am not voting for Romney.

[Night Strike]

Let's assume for one moment that Romney legally took deductions to the point where he paid 0% of his money in federal income taxes (remember that 47% of the country already pays that amount). Wouldn't this say much more about that type of system that allows people to find every single deduction possible than the person who actually takes advantage of such a system? And if you are a person who decries Romney taking deductions on his taxes, do you look to find every single deduction possible that you qualify for? Wouldn't you then be doing the exact thing you're pounding on Romney for doing? Every single person in the United States has the ability to take deductions that they have qualified for: there aren't any deductions written specifically for one person that no one else gets.

Furthermore, if you think it's unfair for Romney to take such deductions, are you also going out and pushing for either the Fair Tax or the Flat Tax? Because both of those would eliminate all those deductions that you are decrying Romney for taking.

[GreecePwns]

Of course its an indictment of the system that allows for an effectively regressive tax system (yeah, the tax rates for salaries are progressive, but with more money comes a tendency to have more of it invested) that makes things worse with deductions.

And no, I am not endorsing the a flat tax or a fair tax. Fair tax because it places the heaviest burden of taxes on the middle class, creating an even greater rich-poor divide. Flat tax because flat taxes are effectively regressive due to the diminishing marginal utility of dollars.

BBS will probably say somethign along the lines of "people value different things and their money differently," to counter the statement that taking $1 from a man that has $2 has a bigger effect than taking $500000 from a man that has $1000000. But we are not talking about what the personally value, we are talking about their ability to put their money to use in order to meet basic survival needs first, luxury possessions second. Sure, we shouldn't impose this sort of ideal on someone, I agree. But if we are to assume that a tax system must exist, we should have one that follows common sense; feeding and clothing yourself is a more immediate, surival-based need than buying a second car in nearly all cases, for example. The man that has $1 after taxes will see his ability to meet survival needs hurt much more than the man that has $500000 after taxes. This is why a flat tax is not feasible.

Capital gains should be treated the same as regular income. Loopholes that involve incentivizing any sort of social lifestyle (child-based benefits, marriage benefits, etc) should definitely be removed, and nearly all others should be removed as well. Rates could be lowered drastically after this is done to get to the same government revenues after these changes are made. Makes things a lot simpler, doesn't it?

A lot better than the regressive system that exists right now, that's for sure.

[Night Strike]

And no, I am not endorsing the a flat tax or a fair tax. Fair tax because it places the heaviest burden of taxes on the middle class, creating an even greater rich-poor divide. Flat tax because flat taxes are effectively regressive due to the diminishing marginal utility of dollars.

Why is it the government's job to even out all the money?

Capital gains should be treated the same as regular income.

So it should only be taxed once instead of twice? I would be ok with that. Remember, capitals gains are simply profits paid to a person on their investments. Those profits have already had taxes paid on them at the corporate level, yet the government takes another chunk out once it gets to the individual level. Double taxation at its finest.

[AndyDufresne]

I recently switched all my income to capitol gains. I'll be selling these down in the area:




--Andy

[GreecePwns]

And no, I am not endorsing the a flat tax or a fair tax. Fair tax because it places the heaviest burden of taxes on the middle class, creating an even greater rich-poor divide. Flat tax because flat taxes are effectively regressive due to the diminishing marginal utility of dollars.

Why is it the government's job to even out all the money?

Which part of this are you responding to? Are you saying a regressive tax is tolerable?

Capital gains should be treated the same as regular income.

So it should only be taxed once instead of twice? I would be ok with that. Remember, capitals gains are simply profits paid to a person on their investments. Those profits have already had taxes paid on them at the corporate level, yet the government takes another chunk out once it gets to the individual level. Double taxation at its finest.

Corporate taxes are taxes paid on a company's income. The corporation pays this and gets benefits such as limited liability for doing so.
Capital gains are taxes paid on the money you make after selling your share in the company. The individual pays this.

Income due to sales and profits due to increase in investment value are not the same.

Capital gains and wages are both individual income, and should be treated the same.

[BigBallinStalin]

Let's assume for one moment that Romney legally took deductions to the point where he paid 0% of his money in federal income taxes (remember that 47% of the country already pays that amount). Wouldn't this say much more about that type of system that allows people to find every single deduction possible than the person who actually takes advantage of such a system? And if you are a person who decries Romney taking deductions on his taxes, do you look to find every single deduction possible that you qualify for? Wouldn't you then be doing the exact thing you're pounding on Romney for doing? Every single person in the United States has the ability to take deductions that they have qualified for: there aren't any deductions written specifically for one person that no one else gets.

Furthermore, if you think it's unfair for Romney to take such deductions, are you also going out and pushing for either the Fair Tax or the Flat Tax? Because both of those would eliminate all those deductions that you are decrying Romney for taking.

In other words, don't hate the player, hate the game.

So, do you blame those for remaining on welfare because of their own personal traits, or do you blame the game for providing those incentives?

[BigBallinStalin]

Of course its an indictment of the system that allows for an effectively regressive tax system (yeah, the tax rates for salaries are progressive, but with more money comes a tendency to have more of it invested) that makes things worse with deductions.

And no, I am not endorsing the a flat tax or a fair tax. Fair tax because it places the heaviest burden of taxes on the middle class, creating an even greater rich-poor divide. Flat tax because flat taxes are effectively regressive due to the diminishing marginal utility of dollars.

BBS will probably say somethign along the lines of "people value different things and their money differently," to counter the statement that taking $1 from a man that has $2 has a bigger effect than taking $500000 from a man that has $1000000. But we are not talking about what the personally value, we are talking about their ability to put their money to use in order to meet basic survival needs first, luxury possessions second. Sure, we shouldn't impose this sort of ideal on someone, I agree. But if we are to assume that a tax system must exist, we should have one that follows common sense; feeding and clothing yourself is a more immediate, surival-based need than buying a second car in nearly all cases, for example. The man that has $1 after taxes will see his ability to meet survival needs hurt much more than the man that has $500000 after taxes. This is why a flat tax is not feasible.

?

The government doesn't provide basic needs, like clothing and food. Individuals in the market provide that, and even after constraining regulations, the markets still manage--albeit in a political capitalist form.

I agree that the state could find more uses for $10,000 compared to $0.01, but that still doesn't justify taking someone's money, nor does it imply that disproportionate theft is more legitimate than equal theft.

[patrickaa317]

And no, I am not endorsing the a flat tax or a fair tax. Fair tax because it places the heaviest burden of taxes on the middle class, creating an even greater rich-poor divide. Flat tax because flat taxes are effectively regressive due to the diminishing marginal utility of dollars.

Why is it the government's job to even out all the money?

Which part of this are you responding to? Are you saying a regressive tax is tolerable?

Capital gains should be treated the same as regular income.

So it should only be taxed once instead of twice? I would be ok with that. Remember, capitals gains are simply profits paid to a person on their investments. Those profits have already had taxes paid on them at the corporate level, yet the government takes another chunk out once it gets to the individual level. Double taxation at its finest.

Corporate taxes are taxes paid on a company's income. The corporation pays this and gets benefits such as limited liability for doing so.
Capital gains are taxes paid on the money you make after selling your share in the company. The individual pays this.

Income due to sales and profits due to increase in investment value are not the same.

Capital gains and wages are both individual income, and should be treated the same.

If I make 20,000 dollars and pay a 10% tax rate, thus paying $2,000; then I take $8,000 of my remaining $18,000 and invest it in stock for an up and coming business, which ends up going up 1000% and turning my $8,000 into $80,000; then have to pay taxes on the $80,000, wouldn't that be the same as having my money taxed twice?

[GreecePwns]

Nope. Your capital gains tax would be on the $72000 profit (hence the word "gains"). The $8000 would be part of your regular wages.