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You are not very smart, are you?You are not paying taxes on your principle
Only your Capital GAINS
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You are not very smart, are you?You are not paying taxes on your principle
Only your Capital GAINS
You are describing yourself, in that the gains on the principle is taxed, not the principle.You are not very smart, are you?
Evidently smarter than youYou are not very smart, are you?
Spoken like a true tool.Why should someone who busts his ass for his money pay higher taxes than someone who sits on his ass for his?
Short term capital gains are taxed at the regular income tax rates. Only exceedingly large estates are subject to federal inheritance taxes. Although there are few states that have a form of it.Capital gains ain't always what you think. A person who busts his ass all his life and wins a car in a lottery might never get to drive it because he has to pay capital gains tax up front. A hard working family in a modest size farm might have to sell it to pay the death tax if the owner dies without a will.
You are not paying taxes on your principle
Only your Capital GAINS
It used to be that company profits were taxed half when they were first declared, then half when distributed to stock holders. That encouraged companies to not distribute profits, but to reinvest the money thereby creating jobs and expanding the economy.
Back in the early 2000, the republicans characterized this as taxing twice and used the argument to reduce the capital gains tax. The result is the companies have a greater incentive not to reinvest profit, but to distribute to stockholders instead.
In 1997, Clinton signed a reduction in the (audible liberal gasp) capital gains tax rate to 20% from 28%.
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The Dangerous Myth About The Bill Clinton Tax Increase
The real lesson of the Clinton Presidency is the way back to prosperity lies not through increased taxes on “the rich,” but through tax and regulatory reform and a return to a rules based monetary policy that produces a strong and stable dollar.www.forbes.com
Without investment many companies woudn't possess the resources to grow, certainly not as fast as they could.. This in turn, allows others to be employed.
Capital gains are treated as regular ordinary income until one year, when the rates lower. A completely arbitrary rule because the money involved with a capital gains transaction has already been taxed at least once.
Or, and try to smarten up here:No, it hasn't. The 'corporate personhood' scam is these corporations pay taxes as a 'person', and the shareholders pay taxes as themselves in their incomes. Don't like that? Then do away with the corporate personhood scam and the limited liability scam that protects company owners from paying for their company's failures and criminal activities. Then you can complain about 'taxes'. Share holders can then start paying their companies own way and get rewarded. Of course we all know why the 'free marketers' hate the idea of ownership responsibility, they just want to gamble on stock prices and could care less about managing their business.
Or, and try to smarten up here:
lol bullshit. They've bought themselves immunity from paying their debts when they fuck up. They can pay taxes for that extraordinary 'privilege', same as they pay fees for stop loss positions in the stock and commodities markets. Most industries are monopolies, duopolies and oligarchies now, plus they get subsidized by off-shoring to slave labor countries. You right wingers need to smarten up. Big multinationals are not the U.S.'s friends. I've read all the cliches, and I've also read how full of shit 'free market' ideologies are. They hate 'free markets', they love price and wage rigging. They peddle 'limited powers' because they don't like respecting anybody else's rights and they don't want anything interfering with their scams and plundering.
Yes, it's obvious you got nothing, same as the commies and faggots never do with their ideological rubbish. Whenever you shills get around to advocating for real free markets get back to us.