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also, the wealthy you want to target for more tax revenue

Posted on: April 23, 2021 at 11:34:38 CT

ashtray UF

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M.O.B. Votes:

will simply take loans against their assets, instead of selling, and avoid the tax altogether. You'll end up raising taxes on the middle class is all.

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MESSAGE THREAD

43.4% Capital Gains tax? Seriously, Robinette? - Spanky KU - 4/23 11:04:22

Democrats are evil people. 51% allows me to take your stuff - Coors4bob MU - 4/23 15:10:04

So I better sell all my rentals now - tigerinhogtown STL - 4/23 13:02:43

Government has first claim on all money in the US - Bulldog Bob Brown STL - 4/23 11:47:31

my take - Emoji Man MSU - 4/23 11:27:28

Problem is we both know they will run out of rich people. - Coors4bob MU - 4/23 15:11:02

RE: my take - Ragnar Danneskjold MU

- 4/23 11:38:37

More theft. (nm) - ummmm MU - 4/23 11:21:24

The annual taxation of capital gains is disturbing. - RHAYWORTH MU - 4/23 11:12:43

there is no capital gain triggered if still holding - ashtray UF - 4/23 11:22:37

That's the current situation. you missed change - RHAYWORTH MU - 4/23 11:38:38

I think you're confused - ashtray UF - 4/23 11:39:27

Read the last paragraph. - RHAYWORTH MU - 4/23 11:42:00

That's unlikely to get into Biden's proposal. The power - ummmm MU - 4/23 11:44:21

There has been discussion about him eliminating 1031 - MUTGR MU - 4/23 12:55:56

The problem is in raising taxes that high, for "equity" - RHAYWORTH MU - 4/23 12:00:41

You’re the one who said “sadly that’s not true” - pickle MU

- 4/23 12:02:50

don't you have another stabby criminal or two to defend? - RHAYWORTH MU - 4/23 12:11:28

Yes. With rare exception, taxes burden the middle class the - ummmm MU - 4/23 12:02:34

Warren was discussing taxing unrealized gains. Don’t think - Emoji Man MSU - 4/23 11:26:45

how exactly does that work for assets - o'lineydisciple MU - 4/23 14:08:51

That would be insane as those fluctuate on a daily - HandBanana MU - 4/23 11:57:25

yeah, her wealth tax insanity (nm) - ashtray UF - 4/23 11:28:36

I thought that was - Rabbit Test MU - 4/23 11:23:01

So people who buy and sell stocks should pay a lower rate - SparkyStalcup MU - 4/23 11:11:56

Maybe we should lower income tax rates - DC Jayhawk KU - 4/23 11:58:36

That would be too smart - Spanky KU - 4/23 12:12:59

RE: So people who buy and sell stocks should pay a lower rate - BH O'bonga MU - 4/23 11:38:23

also, the wealthy you want to target for more tax revenue - ashtray UF - 4/23 11:34:38

Yes, money being invested has already been taxed (nm) - Sal CMSU - 4/23 11:31:44

They already paid income tax on the money they’re investing(nm) - El-ahrairah BAMA - 4/23 11:30:21

Wage earners invest too, dumb ass. - Emoji Man MSU - 4/23 11:28:46

Not in daskapitalland. There are classes of people. (nm) - ummmm MU - 4/23 11:31:03

what risk does a wage earner take? (nm) - ashtray UF - 4/23 11:24:18

Also sole proprietorships pay this rate and take significant - SparkyStalcup MU - 4/23 11:26:24

gamble? - ashtray UF - 4/23 11:28:14

The nuances of organized mass theft. (nm) - ummmm MU - 4/23 11:27:54

All taxes should be eliminated, of course. - ummmm MU - 4/23 11:20:57

Is interest theft? Is compound interest more theft?(nm) - glue MU - 4/23 11:25:21

In a contract between two private parties? No. - ummmm MU - 4/23 11:26:18

Yes. The invested money has already been taxed and has - Spanky KU - 4/23 11:20:34

Yes, you ignorant troll. - RHAYWORTH MU - 4/23 11:15:48

This is not the right approach to stand up for less taxes. - ummmm MU - 4/23 11:22:10

Hedge fund people don't create jobs in any meaningful - SparkyStalcup MU - 4/23 11:21:02

of course they do - ashtray UF - 4/23 11:25:52

They just game the system. They don't provide meaningful - SparkyStalcup MU - 4/23 11:30:59

how are they "gaming the system"? - ashtray UF - 4/23 11:32:34

Let's add hedge funds to the list of things you do not - ummmm MU - 4/23 11:32:09

That's not always the case. - ummmm MU - 4/23 11:25:09

won't happen, it's an initial negotiating position (nm) - TigerJackSwartz MU

- 4/23 11:10:33

I don't think so - Rabbit Test MU - 4/23 11:09:17