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I disagree with taxing capital gains that are not realized. You can't predict the future. Those investments you pay taxes on may end up failing the next year. Does the government plan to pay you back if your investments do badly? Or do they just plan to tax all gains and you just suck up the losses?Most if not all of it IS paid for by raising taxes on capital gains and higher income folks
I disagree with taxing capital gains that are not realized. You can't predict the future. Those investments you pay taxes on may end up failing the next year. Does the government plan to pay you back if your investments do badly? Or do they just plan to tax all gains and you just suck up the losses?
Also, if they do tax unrealized capital gains, then they should treat it like a Roth Ira and you don't pay taxes when you withdraw it.
Too bad, dems have to find a way to work together on stand alone issues, and stop this ‘we get everything, or your obstructing’ bull shitAnd with Republican obstruction...nothing would pass...oh wait...that's pretty much where we are now
I don’t believe they are talking about changing that. They are talking about the changing the RATE by a couple pointsI disagree with taxing capital gains that are not realized. You can't predict the future. Those investments you pay taxes on may end up failing the next year. Does the government plan to pay you back if your investments do badly? Or do they just plan to tax all gains and you just suck up the losses?
Also, if they do tax unrealized capital gains, then they should treat it like a Roth Ira and you don't pay taxes when you withdraw it.
So you’re saying that paying off the debt is a disasterLesh
Found it. Lesh, you mentioned about banks screaming in 2000 about the hazards of paying off the debt.
That's a white paper from the White House written in November 2000.
The paper points out that if we paid off the debt, there would be no US Treasuries in the world. Think about the implications of that.
US federal debt is the world's "safe haven". EVERY investor has federal bonds in their portfolio. It's the safest instrument in the world. For the moment, anyway.
Whenever the financial markets are shaken, everyone runs to the safe haven of US bonds.
So if there was no safe haven, where would all those pensions, 401k's, sovereigns, endowment funds, trust funds, et al. put their money and be confident it was safe?
We can only theorize what they would do, and it is an interesting question.
Not only that, US Treasuries are the benchmark for a gazillion other investment vehicles all over the planet. That's huge. Just about every loan in the world is pegged to the Fed interest rate.
Another important function of T-bills is that they provide liquidity to the markets. So where would liquidity come from if there were no federal debt?
The white paper suggests a pool of private debt equities.
This was written 8 years before the derivatives bubble blew up the planet, so the idea of private debt equities to provide liquidity to the markets gives me the shivers, frankly.
It's been said and suggested already. They want to tax unrealized gains. Perhaps lesh wasn't alluding to that, my apologies, but, when the left says they want to tax capital gains, there are those who think unrealized gains should also be taxed.Lesh never said anything about unrealized capital gains.
Trump lost. Get over it. China is now on the back foot thanks to Uncle Joe.And you voted for Xi Jinping to rule through his proxy. STFU. You are a maggot in any terms.
www.forbes.com
www.politico.eu
It's been said and suggested already. They want to tax unrealized gains. Perhaps lesh wasn't alluding to that, my apologies, but, when the left says they want to tax capital gains, there are those who think unrealized gains should also be taxed.
That should be doable with no more failed, illegal wars.Great, if it's not that big it shouldn't be hard to fully pay for.
That should be doable with no more failed, illegal wars.
Hell no. It would be a tremendous economic boon.So you’re saying that paying off the debt is a disaster
Ohhh
No more ability to deal with emergencies or Recessions either
Wouldn't paying off the principal on the debt remove money from the economy?
Aren't there negative effects from doing that? I know banks screamed in 2000 when that was proposed
the zero number is derived from taking to account future economic benefit. Its called dynamic scoring
First of all...the gift from uncle Sam is 10 times what I thought...I thought is was $1250...its $12,500....so let me get this straight...you are fine with government giving or gifting people that earn $800,000 per year $12,500????? when we are neck deep in serious debt and just had to raise the debt ceiling meaning more printing of money backed by nothing??? are you insane?....The higher income cap will make it possible for 98% of taxpayers to use the credit and ensure those who are not the wealthiest Americans are held harmless from the legislation, Kildee said.
“The vast majority of the people who benefit from this will make significantly less than” $400,000, Kildee said. “But we’re trying to remain consistent with the president’s pledge that people making less than $400,000 won’t see a tax increase. Taking this credit away from them, in a sense, would be tantamount to a tax increase.”
I have no problem with that.
As far as doubting you ASSHOLE
You originally claimed that the subsidy was only $1200 and that you had to earn OVER $800,00 to qualify
ASSHOLE.
Now if you would like to apologize and claim you misspoke...that's your privilege
So let me get this straight...you are fine with government giving or gifting people that earn $800,000 per year $12,500????? when we are neck deep in serious debt and just had to raise the debt ceiling meaning more printing of money backed by nothing??? are you insane?....Again, key words: up to.
That's a ceiling, not a floor.
Anyone earning OVER $800,000 is NOT eligible.
Future economic benefit from a massive expansion of government? LOL!
Specifically tell me your issue with it?
It's something called Nigerian News.
Would a link from CNN or Fox be any more acceptable to you?
Find one that makes the same claim......and that understands what an SDR actually is, we'll see.
Always with the disclaimers. LOL..........unless they have footnotes explaining whatever it is you want, it's not valid. LOL
Analysis: China wants to weaponize its currency. A digital version could help
Granted pretty inflammatory words but all the same.......
The Demise of the Dollar
