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  #41  
Old 19th April 2012, 10:11 PM
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[quote=Albion;60323654]

Well, using the Hitler card has just been inaugurated and used by you, hasn't it, so I don't think there's much for you to worry about from the moderates around here.
no, my reference to Hitler was not insulting, your remark of Communist Manifesto was. Have any new material?

Excuse me while I look for a more serious thread
yes, your may be excused, hall pass is on the desk.
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  #42  
Old 19th April 2012, 10:23 PM
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Originally Posted by Lovely Lane View Post
when these items are sold the 15% rule applies,
Stop. Read again. You said "sold." Steve did not. He spoke of dividend checks. So we were not originally talking about capital gains because they do not apply to dividends! Of course capital gains apply when one sells a stock -- but that is not what we were talking about!
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  #43  
Old 19th April 2012, 11:03 PM
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Originally Posted by WinBySurrender View Post
My information came from the IRS. Where did yours come from? Doesn't matter, 'cause its wrong. You're the one posting disinformation.
Oh really? I'm not allowed to post links because I haven't had 50 posts, but it's very easy to find out who's right. Just go to Wikipedia and search for 'Capital Gains Tax in the United States.' Since you are allowed to post link, please post your IRS link showing what is on that page is incorrect.
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  #44  
Old 20th April 2012, 08:29 AM
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Originally Posted by WinBySurrender View Post
Stop. Read again. You said "sold." Steve did not. He spoke of dividend checks. So we were not originally talking about capital gains because they do not apply to dividends! Of course capital gains apply when one sells a stock -- but that is not what we were talking about!
OK, thanks, I see now. It's whenever I hear 15% automatically I think of stocks. Yes, dividends are another form of income, not many companies pay dividend checks and the tax rate depends in which State one resides.

Think Steve Jobs was 100% anti-dividend, but now I heard Apple is now considering it. Better get in on it quick, paying out dividends is an incentive for investors to hold onto the stock (long-term).
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  #45  
Old 20th April 2012, 08:51 AM
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Originally Posted by Godcreatedsteve View Post


Oh really? I'm not allowed to post links because I haven't had 50 posts, but it's very easy to find out who's right. Just go to Wikipedia and search for 'Capital Gains Tax in the United States.' Since you are allowed to post link, please post your IRS link showing what is on that page is incorrect.
Wikipedia?? Really? You mean this Wikipedia??

Wikipedia: Survey Shows 60 Percent of Entries Have Errors, and Public Relations People Can’t Correct Them - ABC News
Wikipedia, when it began, was a grand exercise in democracy. The idea was for a giant online encyclopedia in which anyone could post information, and if there were mistakes, others would fix them. Crowdsourcing on a global scale would bring out the truth.

But Marcia DiStaso of Penn State University says it doesn’t always work, at least not for the 1,300 public relations people she surveyed. They told her 60 percent of Wikipedia entries contained factual errors about their clients’ companies, ranging from trivial to highly controversial — and the PR people, being interested parties, felt they could not make corrections.
Wikipedia has never been a reliable source, because anyone can edit it and the 95,000 "volunteer watchdogs" are no more trustworthy than a hacker. Come back and see me when you actually have a source.
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  #46  
Old 20th April 2012, 08:55 AM
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Originally Posted by WinBySurrender View Post
Wikipedia?? Really? You mean this Wikipedia??

Wikipedia: Survey Shows 60 Percent of Entries Have Errors, and Public Relations People Can’t Correct Them - ABC News
Wikipedia, when it began, was a grand exercise in democracy. The idea was for a giant online encyclopedia in which anyone could post information, and if there were mistakes, others would fix them. Crowdsourcing on a global scale would bring out the truth.

But Marcia DiStaso of Penn State University says it doesn’t always work, at least not for the 1,300 public relations people she surveyed. They told her 60 percent of Wikipedia entries contained factual errors about their clients’ companies, ranging from trivial to highly controversial — and the PR people, being interested parties, felt they could not make corrections.
Come back and see me when you actually have a source.
WBS has gotcha there my friend...
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  #47  
Old 20th April 2012, 09:36 AM
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Republican House continues election-style politics in passing bills that have no chance of going anywhere, old news. Speaker Boehner knows what Sen Reid can compromise on, so why not pass legislature that has legs?

It takes 60 votes in the Senate, Reid runs a no non-sense ship. Knowing that any bill introduced must have majority support, hasn't Speaker Boehner figured that out yet? Why sure he has, but in passing legislature that greatly supports the GOP agenda and having the Senate simply ignore it makes for great sound bites and snippets in media.

The House on Thursday passed a $46 billion tax cut that would benefit almost every business in the country, after a class-conscious debate that highlighted the gulf between the parties as the sluggish recovery drags on. http://www.nytimes.com/2012/04/20/us...s-tax-cut.html
Hey!! Aren't these the same guys who raised the 'Debt Ceiling"?
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  #48  
Old 20th April 2012, 09:50 AM
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Originally Posted by Lovely Lane View Post
Republican House continues election-style politics in passing bills that have no chance of going anywhere, old news. Speaker Boehner knows what Sen Reid can compromise on, so why not pass legislature that has legs?

It takes 60 votes in the Senate, Reid runs a no non-sense ship. Knowing that any bill introduced must have majority support, hasn't Speaker Boehner figured that out yet? Why sure he has, but in passing legislature that greatly supports the GOP agenda and having the Senate simply ignore it makes for great sound bites and snippets in media.

Hey!! Aren't these the same guys who raised the 'Debt Ceiling"?
Yeah, legislation is all show at this point on both sides. Just attaching people's names to votes to be used as campaign fodder for the election. Nothing is going to get done this year, all in hopes the economy gets worse so repubs will have a better chance at beating Obama. What a disgrace our democracy has become. The American people are waiting for results and they're effectively going to waste a full 2 years doing nothing. Forget occupying wall street, we need to occupy congress.
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  #49  
Old 20th April 2012, 09:57 AM
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Originally Posted by Godcreatedsteve View Post
How is taxing capital gains at a lower rate an incentive to invest?


People invest money because they want to make more money without having to work for it.
And this would be the testament of someone who has nothing to invest. If you worked to get the money TO invest, of course you want to do as little as possible to make more money off the money you've already worked hard for.

Sounds like petulant jealousy because some are mad that they work dumb and other folks work smart to get their money to work for them instead of having to work for their money all the time.


Their incentive is greed and laziness.
Greed and laziness because they are willing to risk the income they have already worked for?

I bet you've got a savings account. Are you greedy and lazy for collecting interest on that money?

They don't say to themselves, "Well, I'm not going to invest my money in shares of Apple Computer even though I expect to make a a million dollars, because I would have to pay 25% in taxes rather than 15% and would be left with only 750K. No sir- reee. I'd rather go out a get a real job than take the easy 750k."
You just need to go have a seat because you clearly don't have a clue about investing.

And you keep saying they "already been taxed at the higher rate" and I still don't know what you're talking about.
Exactly. You don't know what I'm talking about, yet you're going off about something you ADMITTEDLY don't understand how it works.


The income tax rate for those earning 43K -83K is 25%. The income tax rate for those earning 174K - 379K is 33% - over twice the rate her boss is paying.
Again, his income is mostly capital gains and we have already deduced that you don't understand capital gains. You're complaining about the lower rate, yet you don't understand why it's a lower rate.


Most rich people got their money through inheritance
And RIGHT HERE is the crux of why this is even being discussed. You speak of other people's laziness and greed. But at the crux of this discussion is jealousy and wealth envy. I must say this about the Empty Suit(thank you for that Win), he knows how to put out the sound bytes to get liberals in line with everything he says.

His class warfare seems to be working.

- the only thing they ever worked at is getting daddy to pay for everything.
Wealth envy.

Most of the rest are like Romney (who was also born rich).
Wealth envy.


He made most of his money by buying companies that someone else started and stripping it of its assets, bleeding it dry, forcing it into bankruptcy, and laying off thousands of workers in the process. When it comes to parasites, Romney is at the head of the pack.
That's business. I'm not saying that he has always been ethical because I don't know the ins and outs of his business dealings. But companies buy other companies all the time the exact same way.

If I take my after-tax paycheck and invest it in the stock market or bet it on a horse and make a profit - that profit was never taxed.
You've obviously never received a dividend check or looked at a tax form as to how that is reported as taxable income. If you're reporting it as taxable income on your returns as you should, it WILL BE taxed.


The principal might have been taxed and I might also be able to write it off my total income if I lose it, but the profit was never taxed.
Is this what all liberals think? Again, it's OBVIOUS that you don't understand how this works.


So I really don't know what you're talking about. Why is it that if I make more money through gambling it shouldn't be taxed, but if I make more money by getting another job it should be taxed.
Straight shaking my head because like a lot of liberals, you like to talk authoritatively about things you OBVIOUSLY don't understand.

And an FYI for you, gambling winnings over a certain amount are supposed to be reported on your tax forms. The government will get their money if you're reporting it the way you're supposed to.

Why do you hate honest labor?
I don't. I just like smart labor better.


Oh please. Most rich people, like Romney, never did an honest days work in their life.
Wealth envy. way to go Mr. President. As I said before, we all know that Bill Gates never worked a day in his life.


They invest money because, like a degenerate gamblers, they'd do anything not to have to work for it.
How'd the majority of folks who got money to reinvest get the money? You're talking off the side of your chin about stuff you OBVIOUSLY don't have a clue about.

Most investors come from the middle class. They move to the upper middle class and beyond by making wise investments of the money you say they never worked a day in their lives for.

But that's the kind of thinking that wealth envy leads to.


They are consumed with greed and couldn't care less about people who work for a living.
(smh) Left wing craziness. So now because folks make wise investments, they don't work for a living?

BTW: Did you know that usury is condemned in the Bible?
By the way did you know that coveting is a sin in the Bible?Did you know that envy is a sin?

That what Romney and other rich people do to earn a living was once considered by the church to be a heinous sin? As late as 1311, the Christian Church made the ban on usury absolute and declared all secular legislation in its favour, null and void. And yet this the sort of activity you not only condone, but prefer to honest labor. What a wicked country this has become
What a Biblically ignorant country this has become. Read your Bible. Scripture sanctions usury under certain conditions.

Romney is not a Christian so why are you attempting to bind him to what the Bible says?



Of course, that isn't true either. Romney, for instance, borrowed money to buy the companies before stripping them of their assets and transferred the debt to them, forcing them into bankruptcy. It wasn't his money and he took no risk. You don't seem to know how the game is played.
You simply need to stop talking about money, usury and the whole lot because this seems to be beyond your range of knowledge.
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  #50  
Old 22nd April 2012, 04:52 PM
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Originally Posted by WinBySurrender View Post
Wikipedia?? Really?
Really. And I'm still waiting for your link form the IRS that proves it wrong.....

waiting....

waiting....

waiting....
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