Mitt Romney pays a lower tax rate than you do.

[RDD_1210]

Actually Mitt and I pay the exact same tax rate on capital gains.

Its a bit dishonest to compare capital gains and employment income as they are taxed differently.

Thats the point. They shouldn't be because of situations like this.

So what do you propose as a solution?

Raise the capital gains to match the income tax with some sort of exemption for seniors who need that income for basic living needs. Something along those lines.

 

[Avatar4321]

Im fairly certain i pay alot less capital gains tax than Romney.

 

[RDD_1210]

Im fairly certain i pay alot less capital gains tax than Romney.

You need to claim capital gains first. That's probably why.

 

[Avatar4321]

Im fairly certain i pay alot less capital gains tax than Romney.

You need to claim capital gains first. That's probably why.

Exactly.

Which is why it's completely dishonest to compare capital gains tax to income tax.

 

[Vast LWC]

Raise the capital gains to match the income tax with some sort of exemption for seniors who need that income for basic living needs. Something along those lines.

Wouldn't the low income of said seniors take care of that problem anyway, if gains were taxed at the same rate as income?

I think where you could make an exception would be a be a reduced rate for capital gains that came from purely American investments.

You could have a sliding scale that measured how much of a company's workforce was inside the US, and base the cap gains rate on it.

That would keep the investment money in the US.

 

[Twin Fist]

it was already taxed once as income, now you want to double dip.

why cant you just admit it, you want to steal

Should be the same. If it's not, why isn't it? Fuck exceptions. It's what got us to this point.

Actually, if you make cap gains tax the same rate as income tax, you're right. Fuck em.

 

[bigrebnc1775]

True Story.

Romney Says His Effective Tax Rate Is ‘Probably’ 15%

How much money does 15% come out to?

 

[RDD_1210]

Im fairly certain i pay alot less capital gains tax than Romney.

You need to claim capital gains first. That's probably why.

Exactly.

Which is why it's completely dishonest to compare capital gains tax to income tax.

Ummm no its not. You don't earn your income through capital gains, he does.

 

[RDD_1210]

Raise the capital gains to match the income tax with some sort of exemption for seniors who need that income for basic living needs. Something along those lines.

Wouldn't the low income of said seniors take care of that problem anyway, if gains were taxed at the same rate as income?

I think where you could make an exception would be a be a reduced rate for capital gains that came from purely American investments.

You could have a sliding scale that measured how much of a company's workforce was inside the US, and base the cap gains rate on it.

That would keep the investment money in the US.

Yeah all valid points. The point being that there is certainly some way this can be arranged to make sure it works properly.

 

[Outback]

Oh no he don't mate.

 

[RDD_1210]

it was already taxed once as income, now you want to double dip.

why cant you just admit it, you want to steal

Should be the same. If it's not, why isn't it? Fuck exceptions. It's what got us to this point.

Actually, if you make cap gains tax the same rate as income tax, you're right. Fuck em.

Someone needs to learn how capital gains taxes work. If you spent as much time educating yourself as you did learning the talking points you might actually be able to have an intelligent discussion.

 

[Kevin_Kennedy]

If that's true then the obvious answer is to lower my, and everybody else's, tax rate. Preferably to 0.

 

[Avatar4321]

You need to claim capital gains first. That's probably why.

Exactly.

Which is why it's completely dishonest to compare capital gains tax to income tax.

Ummm no its not. You don't earn your income through capital gains, he does.

That's my point. You are trying to compare capital gains to income tax. it's not an honest comparison

 

[RDD_1210]

Exactly.

Which is why it's completely dishonest to compare capital gains tax to income tax.

Ummm no its not. You don't earn your income through capital gains, he does.

That's my point. You are trying to compare capital gains to income tax. it's not an honest comparison

Sure it is. You're just for some reason refusing to acknowledge the obvious.

 

[bigrebnc1775]

Can somebody explain how much 15% is in money?

 

[bigrebnc1775]

Come on people someone explain it to me whats the bottom dollar of 15%

 

[Skull Pilot]

Ummm no its not. You don't earn your income through capital gains, he does.

That's my point. You are trying to compare capital gains to income tax. it's not an honest comparison

Sure it is. You're just for some reason refusing to acknowledge the obvious.

By definition capital gains and earned income are not the same.

So until you get the definition changed you can't argue that they are indeed the same thing.

 

[RDD_1210]

That's my point. You are trying to compare capital gains to income tax. it's not an honest comparison

Sure it is. You're just for some reason refusing to acknowledge the obvious.

By definition capital gains and earned income are not the same.

So until you get the definition changed you can't argue that they are indeed the same thing.

Oh I see, when all other arguments fail you start playing the semantics card. Be proud, you must be really confident in your positions.

 

[Full-Auto]

You need to claim capital gains first. That's probably why.

Exactly.

Which is why it's completely dishonest to compare capital gains tax to income tax.

Ummm no its not. You don't earn your income through capital gains, he does.

Double taxation is double taxation dufus.

 

[California Girl]

Come on people someone explain it to me whats the bottom dollar of 15%

From memory, I think he said he expects his tax bill for this year to be $6.2m. Ouch!