A Reason for Outrage
Paul Azzopardi, in an article posted at Seeking Alpha, argues why dividends should not be taxed. Azzopardi quotes Gary Shilling’s March INSIGHT newsletter which stated the following: from 2002 to 2008, the five largest Wall Street firms paid $190 billion in bonuses while earning $76 billion in profits. Last year, they had a combined net loss of $25 billion, but paid bonuses of $26 billion.
Bailing out these scoundrels seems very wrong.
Source:
http://seekingalpha.com/article/132182-why-dividends-should-not-be-taxed
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