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TheMorlock
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Quote:
Originally Posted by astriy View Post
Capital gains loophole is the biggest crock of shit ever. The argument was that since you're at risk of losing some or all of your investment, the tax rate should mitigate some of those losses to "encourage" investment. There's no proof that this is true. Just like the trickle down economics the previous administration fucked us over with in order to cut taxes for millionaires who couldn't make the capital gains loophole work for them.

QFS


13% unemployment down to 5% GDP increase of 7%
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Old 01-26-2012, 12:51 AM TheMorlock is offline  
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wat?
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Old 01-26-2012, 02:22 AM pyramid is offline  
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Originally Posted by Xcric View Post
sure. they can't make 600,000 last 30 years?

the cutoff should not be that low, especially for a retirement fund


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Originally Posted by Xcric View Post
i can live pretty well on 12k, why can't you on 20k?


don't ever give anyone financial advice.
Old 01-26-2012, 05:58 AM SemperFly is offline  
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i can live pretty well on 12k, why can't you on 20k?

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Old 01-26-2012, 09:28 AM pyramid is offline  
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BoObMeIsTeR
 
Its a simple fix really, flat income tax rate for everyone, regardless of income. However, he did everything legit, don't complain because you are jealous, start investing your money too.
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Old 01-26-2012, 10:34 AM BoObMeIsTeR is offline  
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Why_Ask_Why
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seemed like this belonged here

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Old 01-26-2012, 10:46 AM Why_Ask_Why is offline  
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Gibonius
 
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Originally Posted by BoObMeIsTeR View Post
Its a simple fix really, flat income tax rate for everyone, regardless of income. However, he did everything legit, don't complain because you are jealous, start investing your money too.

Yes, going to a regressive taxation system will certainly address the problems in this country. Raise taxes on 80% of the population, lower taxes on the top 20%. What could go wrong with that?
Old 01-26-2012, 11:24 AM Gibonius is offline  
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ITT retards.
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Old 01-26-2012, 01:13 PM Mixomatosys is offline  
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ITT retards.

and you're in this thread.
Old 01-26-2012, 01:41 PM topcat989 is offline  
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ITT retards.

Ok, how would you fix the current economic problems, then?
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Old 01-26-2012, 02:00 PM RazorWind is offline  
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You're missing the point. His tax rate was only 14% -- that's less than what my parents pay, yet he makes at least 200x more than they do. Why do they carry a heavier burden than a guy who was given everything in life?

I think that is somewhat of a misnomer. you are leaving off the word "effective" tax rate, which is different.

Using myself as an example, I consider myself pretty average. I'm married, we live in the suburbs and have an adjusted gross income of about $110k combined. I don't have investments or anything like that. That should put us somewhere in the 25% tax bracket.

After making the appropriate deductions my taxable income drops to $75k, leaving me to pay an effective tax rate of 10% for year 2010. I'd have to assume this is the case for a lot of people.

this article from reuters seems to agree, quoting one source as saying "Counting all U.S. taxpayers, the average tax rate is 11 percent"

http://www.reuters.com/article/2012/...80N06U20120126
Old 01-26-2012, 02:16 PM dvargas24 is offline  
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#71  

[H]ard|On
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bill maher is a piece of shit

all he does is have loser comedians come on their show and give political opinions like they mean anything

then he will have a smart person on his show and him and that lady that sounds like she is holding in a load of hot cum in her mouth will talk loud over the guy as hes making a good point

Sounds like you've never actually seen it. There's always a bipartisan panel.

Every time the republicans either say little or come off as total idiots, barring a few very rare exceptions.
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Old 01-26-2012, 02:36 PM [H]ard|On is offline  
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[H]ard|On
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Originally Posted by g|aSsJaw View Post
So the guy making ~$85k a year should pay 28% on that income but the guy making $20m a year should pay 15%?

Well according to those who earn 20m/y the answer is yes.

According to those who live vicariously through them, in hopes of one day getting that rich, the answer is also yes.

I think the Raiders stand a better chance of winning 10 back to back superbowls than SomeonesMind or Redmoron does of entering the top tax bracket
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Old 01-26-2012, 02:40 PM [H]ard|On is offline  
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i can live pretty well on 12k, why can't you on 20k?

cuz no one wants to be white trash?
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Old 01-26-2012, 03:01 PM captainjerk is offline  
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#74  

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why? you have to hold the investment longer than 1 year to get the low rate. and it applies for everyone, not just rich people. the argument is they want to encourage long-term investment, so you get a tax break for holding it long term. those day traders still have to pay their 40%

what about all those retirees who have their retirement fund tied up in stock (and how about stocks that pay dividends)? you want to hurt them by doubling the taxation on the only income they now have?

income should be income. What is the argument for taxing someone more for an actual product produced or service rendered and taxing them less for investments. Also the "double taxation" you speak of is a fallacy. The interest INCOME is only taxed, it is new income and should be taxed just like any other. A progressive tax that treats all income the same is the only logical and fair system. What we have now is a boondoggle cooked up by special interests and disingenuous politicians over decades of shortsighted policy.

Last edited by astriy; 01-26-2012 at 04:04 PM..
Old 01-26-2012, 03:58 PM astriy is offline  
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