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Of course I am discussing what you are talking about....and I disagree.....Why? I mean, obviously you don't pay taxes on a loan, since it's not income and you have to pay it back with interest....but the return, it depends if it's sort term, it's tax just like the $60K, if it's long term like a home, it's not...but we want to encourage people buying homes...and that rate is the same for anyone, the guy making $60K, or $400KThe only income that's taxed differently are long term investments, that are realized. The reason for that, is that money was first taxed, and we want to encourage people to invest for their future....and that is taxed at the same rate for all levelsaGreat. It's about time we starting paying for things. You all that think everything should be free are going to have to stop your leeching.
Leeching is when you pay little or nothing and expect other people to pay your share and more...... also known as a Democrat.
Why Does Billionaire Warren Buffett Pay a Lower Tax Rate Than His Secretary? | The Motley Fool
I’ve read that article many times. All the more reason why his secretary should keep more of her paycheck. Watch and see what happens.
The argument is that income should all be taxed as income. Earlier it was noted that everyone should be taxed the same. O.K.
The money is NOT taxed. The 'profit" has NEVER been taxed. This is one of the most accepted lies of the gullible.
Even then it's hardly always true. Guy borrows $500,000, invests it and makes $700,000. None of that had been taxed. He pays a lower rate on that $200,000 than the poor guy busting his butt making $60,000.
That needs to end.
You understand that we are not talking about houses so dismissed.
The profit off any investment, it depends what the investment is, short term is taxed just like ordinary income, and yes the money used to make that investment has already been taxed.
It's long term investments that have a lower cap gains tax, but that rate is the same for all....the biggest lie is dems that suggest it's different for different incomes
It's lower than the guy making $60k busting his butt.
No I don't....houses are a type of long term investment too
Sure, but how do you know the person making $50K, busting his butt, didn't make a long term investment too..the point is that sort of tax rate, on long term investments is open to everyone, it's not based on income levels, but on the length of your investment. What you want to do is discourage the guy busting his butt at $50 or 60K from making a long term investment, and you are using class politics to try to justify it.
You are arguing something I do not care about. Income needs to be taxed as income. Period.
Of course I am discussing what you are talking about....and I disagree.....Why? I mean, obviously you don't pay taxes on a loan, since it's not income and you have to pay it back with interest....but the return, it depends if it's sort term, it's tax just like the $60K, if it's long term like a home, it's not...but we want to encourage people buying homes...and that rate is the same for anyone, the guy making $60K, or $400KThe only income that's taxed differently are long term investments, that are realized. The reason for that, is that money was first taxed, and we want to encourage people to invest for their future....and that is taxed at the same rate for all levelsaGreat. It's about time we starting paying for things. You all that think everything should be free are going to have to stop your leeching.
Leeching is when you pay little or nothing and expect other people to pay your share and more...... also known as a Democrat.
Why Does Billionaire Warren Buffett Pay a Lower Tax Rate Than His Secretary? | The Motley Fool
I’ve read that article many times. All the more reason why his secretary should keep more of her paycheck. Watch and see what happens.
The argument is that income should all be taxed as income. Earlier it was noted that everyone should be taxed the same. O.K.
The money is NOT taxed. The 'profit" has NEVER been taxed. This is one of the most accepted lies of the gullible.
Even then it's hardly always true. Guy borrows $500,000, invests it and makes $700,000. None of that had been taxed. He pays a lower rate on that $200,000 than the poor guy busting his butt making $60,000.
That needs to end.
You understand that we are not talking about houses so dismissed.
The profit off any investment, it depends what the investment is, short term is taxed just like ordinary income, and yes the money used to make that investment has already been taxed.
It's long term investments that have a lower cap gains tax, but that rate is the same for all....the biggest lie is dems that suggest it's different for different incomes
It's lower than the guy making $60k busting his butt.
No I don't....houses are a type of long term investment too
Sure, but how do you know the person making $50K, busting his butt, didn't make a long term investment too..the point is that sort of tax rate, on long term investments is open to everyone, it's not based on income levels, but on the length of your investment. What you want to do is discourage the guy busting his butt at $50 or 60K from making a long term investment, and you are using class politics to try to justify it.
You are arguing something I do not care about. Income needs to be taxed as income. Period.
Long term cap gains are taxed at a lower rate to encourage, long term investments.
Moreover, depending on the investment, it certainly can be double taxed...stocks for example ...the profit, is taxes at the corp level first, before it's distributed as stock.
I certainly have no problem with short term cap gains being taxed as ordinary income, which it is
I literally just explained to you that it can he and how.....sorry you don't want to accept facts and are that closed mindedOf course I am discussing what you are talking about....and I disagree.....Why? I mean, obviously you don't pay taxes on a loan, since it's not income and you have to pay it back with interest....but the return, it depends if it's sort term, it's tax just like the $60K, if it's long term like a home, it's not...but we want to encourage people buying homes...and that rate is the same for anyone, the guy making $60K, or $400KThe only income that's taxed differently are long term investments, that are realized. The reason for that, is that money was first taxed, and we want to encourage people to invest for their future....and that is taxed at the same rate for all levelsaGreat. It's about time we starting paying for things. You all that think everything should be free are going to have to stop your leeching.
Leeching is when you pay little or nothing and expect other people to pay your share and more...... also known as a Democrat.
Why Does Billionaire Warren Buffett Pay a Lower Tax Rate Than His Secretary? | The Motley Fool
I’ve read that article many times. All the more reason why his secretary should keep more of her paycheck. Watch and see what happens.
The argument is that income should all be taxed as income. Earlier it was noted that everyone should be taxed the same. O.K.
The money is NOT taxed. The 'profit" has NEVER been taxed. This is one of the most accepted lies of the gullible.
Even then it's hardly always true. Guy borrows $500,000, invests it and makes $700,000. None of that had been taxed. He pays a lower rate on that $200,000 than the poor guy busting his butt making $60,000.
That needs to end.
You understand that we are not talking about houses so dismissed.
The profit off any investment, it depends what the investment is, short term is taxed just like ordinary income, and yes the money used to make that investment has already been taxed.
It's long term investments that have a lower cap gains tax, but that rate is the same for all....the biggest lie is dems that suggest it's different for different incomes
It's lower than the guy making $60k busting his butt.
No I don't....houses are a type of long term investment too
Sure, but how do you know the person making $50K, busting his butt, didn't make a long term investment too..the point is that sort of tax rate, on long term investments is open to everyone, it's not based on income levels, but on the length of your investment. What you want to do is discourage the guy busting his butt at $50 or 60K from making a long term investment, and you are using class politics to try to justify it.
You are arguing something I do not care about. Income needs to be taxed as income. Period.
Long term cap gains are taxed at a lower rate to encourage, long term investments.
Moreover, depending on the investment, it certainly can be double taxed...stocks for example ...the profit, is taxes at the corp level first, before it's distributed as stock.
I certainly have no problem with short term cap gains being taxed as ordinary income, which it is
Nothing is double taxed.
Long term cap gains are taxed at a lower rate to encourage, long term investments.
The only income that's taxed differently are long term investments, that are realized. The reason for that, is that money was first taxed, and we want to encourage people to invest for their future....and that is taxed at the same rate for all levelsaGreat. It's about time we starting paying for things. You all that think everything should be free are going to have to stop your leeching.
Leeching is when you pay little or nothing and expect other people to pay your share and more...... also known as a Democrat.
Why Does Billionaire Warren Buffett Pay a Lower Tax Rate Than His Secretary? | The Motley Fool
I’ve read that article many times. All the more reason why his secretary should keep more of her paycheck. Watch and see what happens.
The argument is that income should all be taxed as income. Earlier it was noted that everyone should be taxed the same. O.K.
The money is NOT taxed. The 'profit" has NEVER been taxed. This is one of the most accepted lies of the gullible.
Even then it's hardly always true. Guy borrows $500,000, invests it and makes $700,000. None of that had been taxed. He pays a lower rate on that $200,000 than the poor guy busting his butt making $60,000.
That needs to end.
Practically every tax that isn't on your direct income is double taxed or more, unless you found a way to buy all your stuff with pretax money.Of course I am discussing what you are talking about....and I disagree.....Why? I mean, obviously you don't pay taxes on a loan, since it's not income and you have to pay it back with interest....but the return, it depends if it's sort term, it's tax just like the $60K, if it's long term like a home, it's not...but we want to encourage people buying homes...and that rate is the same for anyone, the guy making $60K, or $400KThe only income that's taxed differently are long term investments, that are realized. The reason for that, is that money was first taxed, and we want to encourage people to invest for their future....and that is taxed at the same rate for all levelsaGreat. It's about time we starting paying for things. You all that think everything should be free are going to have to stop your leeching.
Leeching is when you pay little or nothing and expect other people to pay your share and more...... also known as a Democrat.
Why Does Billionaire Warren Buffett Pay a Lower Tax Rate Than His Secretary? | The Motley Fool
I’ve read that article many times. All the more reason why his secretary should keep more of her paycheck. Watch and see what happens.
The argument is that income should all be taxed as income. Earlier it was noted that everyone should be taxed the same. O.K.
The money is NOT taxed. The 'profit" has NEVER been taxed. This is one of the most accepted lies of the gullible.
Even then it's hardly always true. Guy borrows $500,000, invests it and makes $700,000. None of that had been taxed. He pays a lower rate on that $200,000 than the poor guy busting his butt making $60,000.
That needs to end.
You understand that we are not talking about houses so dismissed.
The profit off any investment, it depends what the investment is, short term is taxed just like ordinary income, and yes the money used to make that investment has already been taxed.
It's long term investments that have a lower cap gains tax, but that rate is the same for all....the biggest lie is dems that suggest it's different for different incomes
It's lower than the guy making $60k busting his butt.
No I don't....houses are a type of long term investment too
Sure, but how do you know the person making $50K, busting his butt, didn't make a long term investment too..the point is that sort of tax rate, on long term investments is open to everyone, it's not based on income levels, but on the length of your investment. What you want to do is discourage the guy busting his butt at $50 or 60K from making a long term investment, and you are using class politics to try to justify it.
You are arguing something I do not care about. Income needs to be taxed as income. Period.
Long term cap gains are taxed at a lower rate to encourage, long term investments.
Moreover, depending on the investment, it certainly can be double taxed...stocks for example ...the profit, is taxes at the corp level first, before it's distributed as stock.
I certainly have no problem with short term cap gains being taxed as ordinary income, which it is
Nothing is double taxed.
the money you use to pay back the principal is after tax money.Why? I mean, obviously you don't pay taxes on a loan, since it's not income and you have to pay it back with interest....but the return, it depends if it's sort term, it's tax just like the $60K, if it's long term like a home, it's not...but we want to encourage people buying homes...and that rate is the same for anyone, the guy making $60K, or $400KThe only income that's taxed differently are long term investments, that are realized. The reason for that, is that money was first taxed, and we want to encourage people to invest for their future....and that is taxed at the same rate for all levelsaGreat. It's about time we starting paying for things. You all that think everything should be free are going to have to stop your leeching.
Leeching is when you pay little or nothing and expect other people to pay your share and more...... also known as a Democrat.
Why Does Billionaire Warren Buffett Pay a Lower Tax Rate Than His Secretary? | The Motley Fool
I’ve read that article many times. All the more reason why his secretary should keep more of her paycheck. Watch and see what happens.
The argument is that income should all be taxed as income. Earlier it was noted that everyone should be taxed the same. O.K.
The money is NOT taxed. The 'profit" has NEVER been taxed. This is one of the most accepted lies of the gullible.
Even then it's hardly always true. Guy borrows $500,000, invests it and makes $700,000. None of that had been taxed. He pays a lower rate on that $200,000 than the poor guy busting his butt making $60,000.
That needs to end.
The profit off any investment, it depends what the investment is, short term is taxed just like ordinary income, and yes the money used to make that investment has already been taxed.
It's long term investments that have a lower cap gains tax, but that rate is the same for all....the biggest lie is dems that suggest it's different for different incomes
a 401K is not treated the same as other long term investments. it has its own tax rules.Long term cap gains are taxed at a lower rate to encourage, long term investments.
Nonsense. Long term investment are going to happen regardless a capital gains tax. Just what do you think those 401K's are if not long term investments.
Republicans like to scream about socialism but what are these tax cuts for the wealthy, corporations and Wall St. if not selected socialism... for those who don't need it!
And hey man, don't look on raising taxes on the very rich to pay for programs we desperately need as socialism.
Look at it as forced trickle down economics.
Money put into a 401K isn't taxed when it's earned, but taxes as ordinary income when withdrawn.Long term cap gains are taxed at a lower rate to encourage, long term investments.
Nonsense. Long term investment are going to happen regardless a capital gains tax. Just what do you think those 401K's are if not long term investments.
Republicans like to scream about socialism but what are these tax cuts for the wealthy, corporations and Wall St. if not selected socialism... for those who don't need it!
And hey man, don't look on raising taxes on the very rich to pay for programs we desperately need as socialism.
Look at it as forced trickle down economics.
a 401K is not treated the same as other long term investments. it has its own tax rules.Long term cap gains are taxed at a lower rate to encourage, long term investments.
Nonsense. Long term investment are going to happen regardless a capital gains tax. Just what do you think those 401K's are if not long term investments.
Republicans like to scream about socialism but what are these tax cuts for the wealthy, corporations and Wall St. if not selected socialism... for those who don't need it!
And hey man, don't look on raising taxes on the very rich to pay for programs we desperately need as socialism.
Look at it as forced trickle down economics.
that's irrelevant.a 401K is not treated the same as other long term investments. it has its own tax rules.Long term cap gains are taxed at a lower rate to encourage, long term investments.
Nonsense. Long term investment are going to happen regardless a capital gains tax. Just what do you think those 401K's are if not long term investments.
Republicans like to scream about socialism but what are these tax cuts for the wealthy, corporations and Wall St. if not selected socialism... for those who don't need it!
And hey man, don't look on raising taxes on the very rich to pay for programs we desperately need as socialism.
Look at it as forced trickle down economics.
May not be treated the same but IT ACTS THE SAME as any long term investment.
Sure, it's a special type of investment that gets special tax treatment to encourage the investment.....but not all investments get that special treatment, and not everyone has an employer, and access to the 401K special treatment.....there are numerous other types of ways to invest, and we should be encouraging that, not discouraging that. .....and this tax rates are the same for everyone, no matter their income or wealtha 401K is not treated the same as other long term investments. it has its own tax rules.Long term cap gains are taxed at a lower rate to encourage, long term investments.
Nonsense. Long term investment are going to happen regardless a capital gains tax. Just what do you think those 401K's are if not long term investments.
Republicans like to scream about socialism but what are these tax cuts for the wealthy, corporations and Wall St. if not selected socialism... for those who don't need it!
And hey man, don't look on raising taxes on the very rich to pay for programs we desperately need as socialism.
Look at it as forced trickle down economics.
May not be treated the same but IT ACTS THE SAME as any long term investment.
Biden set the bar at $400K just like he and Obama did at $250k in 2008 yet people making less than $250k ended up paying more in taxes and keeping less of their paycheck.
Not really. Obama gave a holiday on Social Security payments which went from 6% to 4%. So people got to keep more of their paychecks.
I’ve read that article many times. All the more reason why his secretary should keep more of her paycheck. Watch and see what happens.
Realistically, we are going to end up paying more in taxes because we've been spending like drunken sailors in bars. Trump ran up more debt in 4 years than Obama did in 8.
Biden defined rich as anyone making more than $400k per year. Should anyone making $399k or less pay more in taxes, then Biden is fucking the Middle Class. Over the last 4 years, the Middle Class has kept more of its take home pay by percentage when compared to the Obama-Biden years. My bet is that America’s Middle Class Earners get fucked again by Democrats.
400K is rich by my standards... it's rich by MOST people's standards. 95% of the population doesn't make $400,000 a year. I'm fine with them paying a 50% tax rate... They'll still have plenty
nope--they do pay morebullshit--the rich pay MORE than their fair shareAll those idiots who thought everything was free....now gonna see somebody always gotta pay for the free stuff.
Biden Plans First Major Federal Tax Hike Since 1993
President Joe Biden is planning the first major federal tax hike since 1993 to help pay for the long-term economic program designed as a follow-up to his pandemic-relief bill, according to people familiar with the matter.Unlike the $1.9 trillion COVID-19 stimulus act, the...www.newsmax.com
The working class have been paying for the tax give aways to the rich for 40 years. Currently to the tune of $20 Trillion.
The same people who have been paying for the freebies in subsidies to fossil fuel, petro chemical, pharmaceutical, defense contractor, and insurance companies.
The same people that have been paying to bail out the banks, air lines, and Donald Trumps bankruptcies.
You're right. You're getting to see what' it's like to have to give up on those freebies.
That money belongs to the people. The people that actually work for a living in this country, which is the only reason those worthless fucks exist, and we want our money back.
And we're going to get it.
Nope. Jess Bezos made 5.6 billion in 2017 and paid zero dollars in federal income taxes. Is that paying their fair share? I'd like to see the average not pay any federal income taxes on their earnings for a year. The super wealthy in this country are the ones who benefit the most from tax cuts. The tax cuts are made for them, in fact. They are the ones who get major financial bailouts when they fuck up. Paying more than their fair share? Uh.....no. The average american taxpayer is the one you are talking about. We subsidize tax cuts and bailouts for the wealthy over and over. Learn your history and current events.
He's also incorrect, Obama added way more to the debt:Biden set the bar at $400K just like he and Obama did at $250k in 2008 yet people making less than $250k ended up paying more in taxes and keeping less of their paycheck.
Not really. Obama gave a holiday on Social Security payments which went from 6% to 4%. So people got to keep more of their paychecks.
I’ve read that article many times. All the more reason why his secretary should keep more of her paycheck. Watch and see what happens.
Realistically, we are going to end up paying more in taxes because we've been spending like drunken sailors in bars. Trump ran up more debt in 4 years than Obama did in 8.
How are the Democrats NOT going to run up debt? They just passed the largest pork bill ever and are simply going to send US the invoice. Blaming Trump is no indication they have any indication or intention to cut spending and reduce debt.
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The only income that's taxed differently are long term investments, that are realized. The reason for that, is that money was first taxed, and we want to encourage people to invest for their future....and that is taxed at the same rate for all levelsaGreat. It's about time we starting paying for things. You all that think everything should be free are going to have to stop your leeching.
Leeching is when you pay little or nothing and expect other people to pay your share and more...... also known as a Democrat.
Why Does Billionaire Warren Buffett Pay a Lower Tax Rate Than His Secretary? | The Motley Fool
I’ve read that article many times. All the more reason why his secretary should keep more of her paycheck. Watch and see what happens.
The argument is that income should all be taxed as income. Earlier it was noted that everyone should be taxed the same. O.K.
The money is NOT taxed. The 'profit" has NEVER been taxed. This is one of the most accepted lies of the gullible.
Even then it's hardly always true. Guy borrows $500,000, invests it and makes $700,000. None of that had been taxed. He pays a lower rate on that $200,000 than the poor guy busting his butt making $60,000.
That needs to end.
you don't know much about how borrowed money is taxed do you?
If you borrow 500K you have to pay it back. BUT the loan principal you pay back is not a tax deduction the interest is the only thing that gets treated as a write off. So the 500K you use to pay back the principal comes from the after tax profit of the business.
Practically every tax that isn't on your direct income is double taxed or more, unless you found a way to buy all your stuff with pretax money.Of course I am discussing what you are talking about....and I disagree.....Why? I mean, obviously you don't pay taxes on a loan, since it's not income and you have to pay it back with interest....but the return, it depends if it's sort term, it's tax just like the $60K, if it's long term like a home, it's not...but we want to encourage people buying homes...and that rate is the same for anyone, the guy making $60K, or $400KThe only income that's taxed differently are long term investments, that are realized. The reason for that, is that money was first taxed, and we want to encourage people to invest for their future....and that is taxed at the same rate for all levelsaGreat. It's about time we starting paying for things. You all that think everything should be free are going to have to stop your leeching.
Leeching is when you pay little or nothing and expect other people to pay your share and more...... also known as a Democrat.
Why Does Billionaire Warren Buffett Pay a Lower Tax Rate Than His Secretary? | The Motley Fool
I’ve read that article many times. All the more reason why his secretary should keep more of her paycheck. Watch and see what happens.
The argument is that income should all be taxed as income. Earlier it was noted that everyone should be taxed the same. O.K.
The money is NOT taxed. The 'profit" has NEVER been taxed. This is one of the most accepted lies of the gullible.
Even then it's hardly always true. Guy borrows $500,000, invests it and makes $700,000. None of that had been taxed. He pays a lower rate on that $200,000 than the poor guy busting his butt making $60,000.
That needs to end.
You understand that we are not talking about houses so dismissed.
The profit off any investment, it depends what the investment is, short term is taxed just like ordinary income, and yes the money used to make that investment has already been taxed.
It's long term investments that have a lower cap gains tax, but that rate is the same for all....the biggest lie is dems that suggest it's different for different incomes
It's lower than the guy making $60k busting his butt.
No I don't....houses are a type of long term investment too
Sure, but how do you know the person making $50K, busting his butt, didn't make a long term investment too..the point is that sort of tax rate, on long term investments is open to everyone, it's not based on income levels, but on the length of your investment. What you want to do is discourage the guy busting his butt at $50 or 60K from making a long term investment, and you are using class politics to try to justify it.
You are arguing something I do not care about. Income needs to be taxed as income. Period.
Long term cap gains are taxed at a lower rate to encourage, long term investments.
Moreover, depending on the investment, it certainly can be double taxed...stocks for example ...the profit, is taxes at the corp level first, before it's distributed as stock.
I certainly have no problem with short term cap gains being taxed as ordinary income, which it is
Nothing is double taxed.
Biden set the bar at $400K just like he and Obama did at $250k in 2008 yet people making less than $250k ended up paying more in taxes and keeping less of their paycheck.
Not really. Obama gave a holiday on Social Security payments which went from 6% to 4%. So people got to keep more of their paychecks.
I’ve read that article many times. All the more reason why his secretary should keep more of her paycheck. Watch and see what happens.
Realistically, we are going to end up paying more in taxes because we've been spending like drunken sailors in bars. Trump ran up more debt in 4 years than Obama did in 8.
Not really. Obama gave a holiday on Social Security payments which went from 6% to 4%. So people got to keep more of their paychecks.
Not taxing or lower taxes is a form of socialism?
