hoes will be hoes is what I always say
hoes will be hoes is what I always say
Originally Posted by blackboi50
white power!!!!!!.....1
The thing about capital gain tax and why its lower rate is justified, is that it is income made from investments. Investments which have a certain amount of risk associated with it. So if you invest 1 million dollars and lose it all, you just a shit load of money. But if you turned that 1 million into 2 million, you get taxed at a lower rate than as regular income because with regular income you are guaranteed a certain amount, say $10 bucks an hour but capital gain is not guaranteed. Atleast that's how I see it.
The return you get is what should make up for the risk, not just the taxable rate. Capital investment is absolutely a good thing but when you have a capital gains rate that is lower than the earned income rate, you are signaling that capital investment is more important than labor. Further, after 2008, do you really feel we need to incentivize people to take more financial risks?
its a circular argument. If you make Investment taxes the same as labor, then people wont invest. Why? You know if you work 40 hours a week you make XXXXX money. If you make investment the same taxable rate as income, why invest? In labor you have no risk of not getting paid, or "losing" everything unless you get fired.
We also have to agree that if your stock raises from $100-120 and you make $20, the economy has "grown" because the reason that stock rises is because the company is doing well.
usually.
Enterprise Data Resources- Ecommerce Project Manager
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Another way to justify the lower rate is that it is capital gains is money that was made by investing money that has already been taxed at the income tax rate.
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MOST capital gains is money that has already been taxed at your income bracket fyi
Enterprise Data Resources- Ecommerce Project Manager
-www.usedbarcode.net
Sure, which is why only the "gains" are taxed, not the whole investment. If your stock prices rises from $100 to $120, you only pay taxes on the $20 gain. There is no double taxation going on.
INvestment creates labor, they are intertwined. There are no jobs if there are no people investing capital in the economy.
Enterprise Data Resources- Ecommerce Project Manager
-www.usedbarcode.net
Most people don't invest because of the tax rate, they do it because they would rather have their money work for them instead of working for money. I only work because I don't have enough capital to live of my investments alone. If I had enough capital I would invest because it's a hell of a lot easier than my day job. That's true whether capital gains taxes are 15% or 30%. Sure you can work really hard at investing and make more money (with more risk) but even in this economic environment I can easily make 5% without hardly any time investment or risk.
100% agree. I'm certainly not advocating getting rid of investing. I'm just saying maybe it should be on equal footing with labor tax wise. Plus lets not forget you have FICA and Medicare taxes that go along with working for a living which don't apply to investing.
I had a feeling this thread was going to end up in the politics section after the tax debate started.
Yep. Especially because the original story is about clear abuse of the system. After everyone nods their head to say "yes this is fucked up" we can move on to debate more interesting things.
http://www.huffingtonpost.com/2012/0...l?ref=business
Finally someone took them away...
until this shit ends Capital Gains should not be touched:
http://www.zerohedge.com/article/ent...ome-family-mak
This is how people are living tax free. Government pays everything for them.
Im so tired of seeing that inaccurate chart. For every one poor person using the system to their advantage, I could probably show you 10 rich people and businesses taking advantage of the system. Funny thing that is, when poor people take advantage of the system, its deplorable and criminal, but when Verizon, GE, and Mitt Romney do it, "they're just doing what the law allows".
Give me a break
This makes me laugh.
Since the posted chart is so inaccurate, where is an accurate one?
Please show me the 10 rich people that take advantage of the system to the tune of nearly 3x their annual income.
Verizon, GE and hundreds of other companies are called crony capitalists. They purchased lawmakers on both sides of the aisle for their exemptions.
Romney, like everyone else in his tax bracket, pays the tax rate for his income. If you want to claim he is gaming the system, prove it.
here is his taxes from 2010.
http://c4230422.r22.cf2.rackcdn.com/1040-2010.pdf
Wow now she is dead but proves drug screens are needed....
Amanda Clayton Dead: Lottery Winner Who Used Food Stamps Died Of Possible Drug OverdoseECORSE, Mich. -- Police say a Detroit-area woman who collected welfare benefits despite winning a $735,000 lottery prize has died of a possible drug overdose.
Ecorse police Sgt. Cornelius Herring confirmed that 25-year-old Amanda Clayton was found dead about 9 a.m. Saturday at a home in the community southwest of Detroit.
Relatives of Clayton did not immediately return a phone message for comment.
Clayton of Lincoln Park pleaded no contest to fraud in June and was sentenced to nine months' probation in July. Her attorney has said Clayton repaid about $5,500 in food aid and medical benefits.
Michigan's Department of Human Services says Clayton didn't inform the state about her pre-tax lottery windfall last year.
I think a couple things are missing from that résumé
Well I guess if you're voting solely on experience, Obama has been a president longer than Romney.
Romney's resume would make Obama look like a cashier at Mcdonalds.
Edit, actually.... Obama being a cashier at Mcdonalds would improve his resume.... that would be his first real job.
Because running America like a venture capital organization is exactly what America needs! I wonder which state will be the first to get bought up and sold for a profit will be. Hopefully Texas.
How silly of me. I thought being a lawyer was a real job. My mistake. I better go let my attorney know he needs to get a real job.Edit, actually.... Obama being a cashier at Mcdonalds would improve his resume.... that would be his first real job.
Obama was never a lawyer. He forfeited his license when questions came up about his education. He "volunteered" to give up his license though he would have been disbarred.
next
red lobster is calling my name......................... feel free to post more Obama qualifications for president so i can get a good laugh and debunk them when i get back.
I'll be thinking of you while eating my lobster Blank.
False.
Next
oh wow, well... hard deny this evidence that you presented here. I guess i stand corrected then. I mean, with all of this documentation you provided here, im pretty lost on where to go next with my argument.
LOL
Did you expect differently?
Extraordinary claims require extraordinary evidence. It's well known and documented that he was a lawyer, when you come in here and say he's not, the burden of proof lies on you.
Here, I'll help you out a little
Unequivocally false.
http://www.dailyprincetonian.com/2005/12/07/14049/
http://blogs.wsj.com/law/2007/05/11/sidley-austin-when-barack-met-michelle/
Here's even more. Don't you just hate being wrong? Lol
http://m.sidley.com/newsupdates/newsdetail.aspx?news=3804
I suppose being a professor isn't a real job either. You gonna tell me he wasn't a professor now? Lol
No, he wasnt a professor. He was a stand in teacher. Why would someone who had no qualifications be a professor? I can write a book about myself.
#doublefacepalm
Is this serious?
There's plenty of first hand testimony out there about Obama's college career.
Where should i get my news from? Al Sharpton?
...and yet you picked "the Obama hustle" Wordpress.
You could start with a properly vetted objective news agency, maybe.
Obama's own professors speak out against him. He was a part time stand in teacher after getting out of college. He lost his bar license and was never a lawyer. He's never held a real job. Prior to being elected president, his biggest accomplishment was writing a book about himself. Obama has been a groomed politician from day 1. Because of his persona and charisma he was put into the place he is. He has no experience whatsoever.
He's a real life Manchurian Candidate made to accommodate the facebook generation.
And you've deduced this from....the Obama hustle?
Liberal security blanket, question the source.
all the crying about Romney's tax returns... lets see Obama's transcripts.
LMAO. What does that even mean? Questioning the source is called critically thinking.
So back to your Manchurian candidate theory. What is the ultimate goal of your presidential conspiracy scenario?
Your not questioning the argument presented by a source, youre simply writing off the argument because of the source. Pretty standard procedure from the left.
The goal? simple... to win, control.
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