Zeev's Turnips Talk Politics (ZTTP)

[Zeev Hed]

You dance too much, the question is not if the dividend exclusion increases or decreases taxes, it shifts the burden, that is what I stated and that is still true. Can you refute that? Furthermore, we screwed up by not doing that the right way, treat dividends like interest as cost of capital. Strange that in three or four exchanges you still refuse to address the issue of the more rational way to handle the double taxation of dividends (which we still have now).

So I'll ask quite simply, why not treat dividends as interest is treated, an expense to the payors? Recipients of interest on bonds pay taxes on all interest paid at their highest marginal tax rate, is that rational, or is that simply stupid?