no, my reference to Hitler was not insulting, your remark of Communist Manifesto was. Have any new material?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.
yes, your may be excused, hall pass is on the desk.Excuse me while I look for a more serious thread
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!when these items are sold the 15% rule applies,
My information came from the IRS. Where did yours come from? Doesn't matter, 'cause its wrong. You're the one posting disinformation.
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.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!
Wikipedia?? Really? You mean this Wikipedia??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 Cant 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.Come back and see me when you actually have a source.
But Marcia DiStaso of Penn State University says it doesnt 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.
Hey!! Aren't these the same guys who raised the 'Debt Ceiling"?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/rejecting-buffett-rule-house-passes-business-tax-cut.html
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"?
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.
Their incentive is greed and laziness.
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."
And you keep saying they "already been taxed at the higher rate" and I still don't know what you're talking about.
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.
Most rich people got their money through inheritance
- the only thing they ever worked at is getting daddy to pay for everything.
Most of the rest are like Romney (who was also born rich).
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.
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.
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.
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.
Why do you hate honest labor?
Oh please. Most rich people, like Romney, never did an honest days work in their life.
They invest money because, like a degenerate gamblers, they'd do anything not to have to work for it.
They are consumed with greed and couldn't care less about people who work for a living.
BTW: Did you know that usury is condemned in the Bible?
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
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.
Wikipedia?? Really?
Look at your income tax return instructions. It's all right there.Really. And I'm still waiting for your link form the IRS that proves it wrong.....
waiting....
waiting....
waiting....
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.
I feel the same way as any man who has inadvertently picked up a leech or a tick. These are parasites who do not productive work of their own, but rather, fasten themselves to others who do work in order to suck their blood. Similarly, there are people in America who do absolution nothing but suck out the lifeblood of productive workers in America. The Christian chuch called this usery - using money to make money - and it was considered (rightfully so) to he a heinous SIN. Unfortunately, the modern church has bowed down to the god mammon. Consequently, conservatives favor policies and a tax stricture that feeds the parasites while penalizing productive labor. I find this reprehensible, and calling yourself a Christian, so should you.
I find people who denigrate the ability to make money as an evil activity really don't understand capitalism.
Look at your income tax return instructions. It's all right there.
What's the difference of capitalism and predator capitalism?I find people who denigrate the ability to make money as an evil activity really don't understand capitalism or the benefits all of us in a capitalistic democracy realize from that economic system. It is also a waste of time to try to explain it to them because they don't want to understand it, they just want to belittle it.
What this means is that you don't understand how dividend income is taxed. It isn't capital gains, it is regular income, and is taxed at the income rate. Capital gains are profit realized on a non-inventory asset, like a house or an office building, that was purchased at a lower price. Dividends on stocks are considered income, and for those in the upper income tax bracket, that tax rate is 35%. Also, those earning $43-83K annually will pay either either 15% or 25%, depending upon which side of the $60K mark they're on, because that's the first split, not $43K. Its apparent you didn't do your homework before this post went up.
Seems you don't know the answer or unwilling to speak about it. That's what a Secret Mormon would do, not speak about it and chastise others for asking.Probably liberal interpretation. The folks supporting Obama seem to think anyone who makes more money than they do or who has investment income is evil.
I know the difference, and you guy's who purport in knowing something about capitalism should know too. Obama wasn't in the discussion, but maybe we should ask "W" on how to bail out Wall St predators.What's the difference of capitalism and predator capitalism?
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