Bernie-mania running wild as Hillary Clinton sputters

[parrot 789]

it will push money overseas and into tax havens... People will just do what Apple is doing and park everything overseas...

 

Corporate capital gains are taxed as ordinary income. Apple is parking money overseas that it made overseas. Most individual investors are not going to choose to avoid the largest economy in the world because they *might* have to pay a little more in taxes.

[Magnificent Bastard 192]

 

 

Are you paying 20% on your capital gains?

 

All right then, you're a bottom feeder, sorry.

 

Of course, keep in mind, that is coming from a guy who lives off his wife's pension.

Thanks for the heads up. I have my own pension unlike that loser.

[mobb_deep 920]

I'm going to vote for Jim Webb in the primaries. He's a very centric dem, with a take no BS attitude. Served in the military, as did his children. He also has a hot Asian wife, like I do. He probably doesn't have a chance in hell at winning though.

 

I wouldn't vote for Hillary or Bernie. No idea who I'd vote for if either of them was the democratic nominee.

[IGotWorms 4,063]

 

Corporate capital gains are taxed as ordinary income. Apple is parking money overseas that it made overseas. Most individual investors are not going to choose to avoid the largest economy in the world because they *might* have to pay a little more in taxes.

There is some risk of putting too much stock in our economic status though, wouldn't you agree? Just because we're top dog now doesn't mean we will be forever no matter what

[DankNuggs 305]

There is some risk of putting too much stock in our economic status though, wouldn't you agree? Just because we're top dog now doesn't mean we will be forever no matter what

The irony is that the US trade policy is creating parity so much quicker for other countries than our domestic economic policies stifling growth.

 

 

We should be free market at home, and send the world aid payments with limited trade and watch them languish while we pat ourselves on the back at how generous we are...

[Saint Elistan 106]

When we get paid, we pay a federal tax, a state tax and for all the other bullchit?

 

Then we go to buy something and we pay MORE taxes? We sell something that we bought with our taxed money and then we have to pay MORE taxes?

 

WHat the fock? Shouldn't OUR money that we earn just be taxed ONCE? Isn't that enough for fock sakes?

 

by the time we are done paying taxes, some of us are out 40 focking %

 

Don't forget property taxes. Gotta pay for what you already own!

[IGotWorms 4,063]

Why not just raise the bejesus out of the estate tax and then aggressively close all loopholes like trusts and so forth?

 

Then you only get taxed out the ass when you're dead. You don't need it anymore and those sniveling little psychopathic sh1ts you raised didn't do anything to deserve inheriting it anyway.

 

Thoughts? Yes I'm serious.

[Mungwater 601]

Why not just raise the bejesus out of the estate tax and then aggressively close all loopholes like trusts and so forth?

 

Then you only get taxed out the ass when you're dead. You don't need it anymore and those sniveling little psychopathic sh1ts you raised didn't do anything to deserve inheriting it anyway.

 

Thoughts? Yes I'm serious.

You don't want to curb investments, and I think the dead person already paid the tax on the money, why should the government get more?

[KSB2424 3,174]

You don't want to curb investments, and I think the dead person already paid the tax on the money, why should the government get more?

 

Worms told you already why.

 

those sniveling little psychopathic sh1ts you raised didn't do anything to deserve inheriting it anyway.

 

Of course, stereotyping is supposed to be frowned upon.....but....well.....yeah.

[Mungwater 601]

 

Worms told you already why.

 

 

Of course, stereotyping is supposed to be frowned upon.....but....well.....yeah.

That isn't the governments call.

[IGotWorms 4,063]

You don't want to curb investments, and I think the dead person already paid the tax on the money, why should the government get more?

Curb investment I could see.

 

As for the dead guy already paid taxes, well so what? You have to tax something. So why not tax money the dead guy doesn't need anymore and in return reduce taxes on income/investments people earn while still alive?

 

And as whiny little biatch KSB has pointed out, I was obviously going over the top on my rhetoric vis-a-vis heirs. They are the people that gain from a lower estate tax but fact is they did nothing to earn that money. So if they lose a bigger chunk of it to taxes then what is the harm? I would much rather that the guy who never earned his money be taxed than the guy who puts efforts into earning money, be it through labor or investments.

[Mungwater 601]

That's just a pretty broad paintbrush though.

 

Say I'm dead with a bunch of money, it's already been taxed, why go after it again? If I want to set it on fire, donate it a food bank, have my dead beat son lose it at the poker tables and shitty cars, it's not for the government or anyone else to say what can be done with it posthumously.

[IGotWorms 4,063]

That's just a pretty broad paintbrush though.

 

Say I'm dead with a bunch of money, it's already been taxed, why go after it again? If I want to set it on fire, donate it a food bank, have my dead beat son lose it at the poker tables and shitty cars, it's not for the government or anyone else to say what can be done with it posthumously.

But you're dead, what do you care?

 

In a perfect world there wouldn't be any taxes. But we do have to have taxes so why not tax the dead guy's taxes over the working stiff's?

[Mungwater 601]

But you're dead, what do you care?

 

In a perfect world there wouldn't be any taxes. But we do have to have taxes so why not tax the dead guy's taxes over the working stiff's?

It's already been taxed and paid

[IGotWorms 4,063]

It's already been taxed and paid

Do you understand that under my proposal it would've been taxed less on the front end?

[KSB2424 3,174]

Isn't the Estate Tax for the uber rich like 40%?

 

How high do we want to go exactly? Over HALF?

 

I mean, I'm for a progressive tax code but good grief.

[Mungwater 601]

Do you understand that under my proposal it would've been taxes less?

I do, i just think that the government already had its shot at the money. Go bother someone else with additional taxes

[IGotWorms 4,063]

Isn't the Estate Tax for the uber rich like 40%?

 

How high do we want to go exactly? Over HALF?

 

I mean, I'm for a progressive tax code but good grief.

Lower the exemption (it's something crazy like $5.5 million) and, yes, hike the rate to 60% or more.

 

Do you have a specific objection to that, Charlie Brown?

[Mungwater 601]

Isn't the Estate Tax for the uber rich like 40%?

 

How high do we want to go exactly? Over HALF?

 

I mean, I'm for a progressive tax code but good grief.

Something like that, but the bottom limit has been raised I think. So if grandpa has less than, I think it's five and a half mil, they don't pay tax on it.

[IGotWorms 4,063]

I do, i just think that the government already had its shot at the money. Go bother someone else with additional taxes

OK.

 

I guess that doesn't make any sense to me because the guy who actually earned the money is now dead and the heirs who stand to get it didn't do anything for it.

 

So if I have to choose between heirs who did nothing to earn the money or people who worked hard for their money, I'm going to choose to favor the latter.

 

But I guess that's just me.

[KSB2424 3,174]

I do, i just think that the government already had its shot at the money. Go bother someone else with additional taxes

Well, the premise is that it's "new" money to the beneficiaries.

 

And it doesn't kick in until over a high threshold. So kids getting a 100k from Grandma are not taxed.

 

But those that are, are taxed pretty hard. Like 30 - 40 percent.

 

I guess Worms wants like 60% or something which seems a bit over the top.

[Mungwater 601]

Lower the exemption (it's something crazy like $5.5 million) and, yes, hike the rate to 60% or more.

 

Do you have a specific objection to that, Charlie Brown?

I'll never get that high, or probably anyone in my family, but the government also said my house went up 60% in value last year.

[IGotWorms 4,063]

Well, the premise is that it's "new" money to the beneficiaries.

 

And it doesn't kick in until over a high threshold. So kids getting a 100k from Grandma are not taxed.

 

But those that are, are taxed pretty hard. Like 30 - 40 percent.

 

I guess Worms wants like 60% or something which seems a bit over the top.

Not 100k. 5.5 million. Or 5500k if you will.

 

You would agree there is a difference, yes? So when you say 100k because that helps your argument, you are being disingenuous, no?

 

Also why is 60% over the top? Again the beneficiaries did nothing to earn that money.

[KSB2424 3,174]

A. There is just something fundamentally wrong with taxing a person over 50%. The govt coming in and taking half. My Gawd it just seems grotesque.

 

B. That money was taxed when it was earned, it was taxed when it was cashed out of the market. The physical estate was taxed too. I mean sheesh.

 

C. There is a reason for high thresholds. A million dollars disbursed between three kids isn't all that much of an inheritance.

 

D. Some people work there whole lives so their kids have a better life. Despite your stereotype, not all successful people are d-bags.

 

Theremaybemore

[BunnysBastatrds 2,606]

Curb investment I could see.

 

As for the dead guy already paid taxes, well so what? You have to tax something. So why not tax money the dead guy doesn't need anymore and in return reduce taxes on income/investments people earn while still alive?

 

And as whiny little biatch KSB has pointed out, I was obviously going over the top on my rhetoric vis-a-vis heirs. They are the people that gain from a lower estate tax but fact is they did nothing to earn that money. So if they lose a bigger chunk of it to taxes then what is the harm? I would much rather that the guy who never earned his money be taxed than the guy who puts efforts into earning money, be it through labor or investments.

So giving the guys hard earned money to those who never lifted a finger to contribute a thing to society other than to leach off of society is more deserving than the family that worked hard to create that wealth? Being a son or grandson who wishes to prolong the legacy of their family is the least deserving of anybody in the equation and some lazy fawker who's done nothing is equal to them?

 

Those who think like you have zero understanding of sacrifice and hard work that it takes to build business. It's thoughts like yours that destroy small business's and those that want to continue investing in them. Whether it be time spent or money spent. You're simpleton attitude toward those who inherit family business's and Capitol is what is killing this country.

 

You're poor. That's life. There are those who are not. They create jobs unlike you. They are more intricate to this economy than you. They need you. You need them. The fact that you ignore that is mind blowing.

[IGotWorms 4,063]

A. There is just something fundamentally wrong with taxing a person over 50%. The govt coming in and taking half. My Gawd it just seems grotesque.

Okay, so it just seems like too much to you. I suppose that's fair but you'll excuse me if I don't find that particularly compelling

 

B. That money was taxed when it was earned, it was taxed when it was cashed out of the market. The physical estate was taxed too. I mean sheesh.

Geez louise. My golly. Good grief! Sorry but not that compelling either. Also explicit in my proposal for a higher estate tax is that income tax and hopefully other types of taxes could be lowered. I'm not saying just get more money, I'm saying change the source for the same amount you're already getting (maybe a little more to pay down the debt).

 

C. There is a reason for high thresholds. A million dollars given to three kids isn't all that much of an inheritance.

Enough for a paid-for education and a substantial down payment on a house. We should all be so lucky.

 

D. Some people work there whole lives so their kids have a better life. Despite your stereotype, not all successful people are d-bags.

 

That's redundant to item C isn't it? Also moral blame worthiness or virtue has little to do with it. I don't favor the estate tax because I hate successful people, it's just that I'd favor folks who earn their income over those that were gifted it.

[IGotWorms 4,063]

So giving the guys hard earned money to those who never lifted a finger to contribute a thing to society other than to leach off of society is more deserving than the family that worked hard to create that wealth? Being a son or grandson who wishes to prolong the legacy of their family is the least deserving of anybody in the equation and some lazy fawker who's done nothing is equal to them?

 

Those who think like you have zero understanding of sacrifice and hard work that it takes to build business. It's thoughts like yours that destroy small business's and those that want to continue investing in them. Whether it be time spent or money spent. You're simpleton attitude toward those who inherit family business's and Capitol is what is killing this country.

 

You're poor. That's life. There are those who are not. They create jobs unlike you. They are more intricate to this economy than you. They need you. You need them. The fact that you ignore that is mind blowing.

Actually I'm not poor. The rest of your response is hysterical in tenor.

 

I could see where a higher estate tax might have unintended consequences on investment. That's certainly a potential hangup. Otherwise spare me the sanctimony

[DankNuggs 305]

Pretty sad state for America when the policy is that all wealth is ultimately owned by the state. People can keep some for a time but it all goes back to the house

[Magnificent Bastard 192]

Paris Hilton would like to thank all the working class republicans that are getting her back and making sure she never has to do a lick of work in her life.

[IGotWorms 4,063]

Paris Hilton would like to thank all the working class republicans that are getting her back and making sure she never has to do a lick of work in her life.

It's an extreme example but a useful talking point. Why shouldn't her inheritance be taxed at a much higher rate if it means the working class guy has to pay a bit less to Uncle Sam?

[Magnificent Bastard 192]

Pretty sad state for America when the policy is that all wealth is ultimately owned by the state. People can keep some for a time but it all goes back to the house

There's a 5 million dollar exemption for god sakes. That means the first 5 Mill is untaxed. Stop acting like it's all being taken away. If I win the lottery tomorrow I'm paying taxes on every last dime. What's the difference between the lottery and being born rich? The lottery actually requires an investment.

[KSB2424 3,174]

Pretty sad state for America when the policy is that all wealth is ultimately owned by the state. People can keep some for a time but it all goes back to the house

It's crazy to me as well.

 

Look, I am for a progressive tax system like we have. I think the rich should pay most. And they do. But my Gawd do we have to complain when we do it?

 

We are going to tax your estate 40% but not only that we will also whine it's not enough and you are not doing your "fair share" as we do it.

[Sho Nuff 720]

Lower the exemption (it's something crazy like $5.5 million) and, yes, hike the rate to 60% or more.

 

Do you have a specific objection to that, Charlie Brown?

i do

 

Who is going to keep anything around to be taxed?

Now, that may incentivize spending and pumping money into the economy...but lowers the tax revenue if you are lowering other things so much.

 

And the rich and smart will find shelters for it.

[DankNuggs 305]

There's a 5 million dollar exemption for god sakes.

Not in the worms plan.

[KSB2424 3,174]

There's a 5 million dollar exemption for god sakes. That means the first 5 Mill is untaxed. Stop acting like it's all being taken away. If I win the lottery tomorrow I'm paying taxes on every last dime. What's the difference between the lottery and being born rich? The lottery actually requires an investment.

We're not talking about the current plan. Worms wants lower thresholds and a rate like 60%.

[IGotWorms 4,063]

It's crazy to me as well.

 

Look, I am for a progressive tax system like we have. I think the rich should pay most. And they do. But my Gawd do we have to complain when we do it?

 

We are going to tax your estate 40% but not only that we will also whine it's not enough and you are not doing your "fair share" as we do it.

Who's "whining"? Who said anything about "fair share"? I sure didn't.

[Magnificent Bastard 192]

I have a question: when these people put their money in tax havens like the Cayman Islands ect, how does the money get there?

[Mungwater 601]

I have a question: when these people put their money in tax havens like the Cayman Islands ect, how does the money get there?

The caymans have a pretty high import tax since they don't produce anything. Everything else is tax free.

 

What exactly is your question? How does the caymans make money or why do people move there for tax breaks?

[Magnificent Bastard 192]

The caymans have a pretty high import tax since they don't produce anything. Everything else is tax free.

 

What exactly is your question? How does the caymans make money or why do people move there for tax breaks?

(Play along with me here, it's going somewhere) How does the money get from our country to their country?

[BunnysBastatrds 2,606]

Actually I'm not poor. The rest of your response is hysterical in tenor.

 

I could see where a higher estate tax might have unintended consequences on investment. That's certainly a potential hangup. Otherwise spare me the sanctimony

Of course I am. It's all you have in any argument. Hysteria and whining.....blah blah blah. Grow a pair and start defending your weak arguments or shut the fawk up!!!

 

Let's talk estate tax. You apparently have none to receive or give. So it means nothing to you other than giving other people's money away to those who vote like you. You're a government employee who relys on us that pay and sacrifice.

If it wasn't for the small business owner and the middle class, you'd be working to jobs like the rest of us to proudly say as you do, "I'm not poor!"

 

You made a wise choice my friend. Working for the government allows you to not take any Fawking risks while those of us who do get butt fawked at tax time and you sit on your sanctimonist ass telling me I'm the problem, I'm the whiner, and I should be quiet. How Fawking lucky are you?

 

I didn't build that, right? I don't deserve that business, right? I wasn't there in the very beginning when there was nothing but stood by my family and sacrificed the little things like air conditioning or a night out for years.

 

My family scraped and survived to build a business and now dolts like you believe that taking away a large percentage is fair. Just give it away. Fawk you! And those that think like you. You have zero idea about the working world that drives this economy. and are all to proud to do it. SIC