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So you save 15% by taking capital gains, only on more then 12 months vs salary. What’s your point ? You just made mine. Not only that, but you avoid payroll taxes up to 147 k. The current pay roll tax total is what ? 15%plus.do you know what the income tax rate is for 450,000 ?
View attachment 687451
$450,000 and up looks like you're paying 35% or more. And 15%-20% on long-term capital gains.
Both of which are higher than middle-class earners pay. Not lower, moron.
AUmmmm.....fucktard, the chart is long-term gains.
It's 0% for lower income people, 20% for the wealthy.
You want play this game and do this for the middle class wage of 90k ?Ummmm.....fucktard, the chart is long-term gains.
It's 0% for lower income people, 20% for the wealthy.
That’s ridiculous. EVERYONE is a property owner directly or indirectly. A renter of a property owner, will pay higher rent to the property owner who can‘t deduct his property taxes from his federal income tax burden.Say what? Trump put a 10k limit on SALT deductions. In other words, he didn't think it was fair for the federal government to subsidize tax-heavy tax blue states by giving property owners a huge federal tax deduction to make up for their loony Democratic policies. The SALT deduction cap hurt the country's wealthy the most, including the wealthiest folks in red states who have a lot of property.
So you save 15% by taking capital gains, only on more then 12 months vs salary. What’s your point ? You just made mine. Not only that, but you avoid payroll taxes up to 147 k. The current pay roll tax total is what ? 15%plus.
that’s a saving as of 30;% up to 147k and 15% after. It pays to be rich and avoid taxes.
you work for a world wide company through a bank in the Cayman Islands. You hit the jack pot HAHa..zero !
A
Ah, so dumbo, lower income people can’t afford to take long term capital gains rates. They need the money now. Rich can easily delay for one plus to 3 years and after max of three years, they are getting their full amount YEARLY for 15% LESS income tax and payroll taxes to 147k
Ah, so dumbo, lower income people can’t afford to take long term capital gains rates.
Why not?
They need the money now.
Yeah, Bidenflation is awful!
Rich can easily delay for one plus to 3 years and after max of three years, they are getting their full amount YEARLY for 15% LESS income tax and payroll taxes to 147k
No Dufus, every cent paid by the employer into a benefit package comes from the same pot as wages.Employee, 7.65%.
All of the middle class suffers from wealth shift to the wealthy. Every gop managed recession is just another danger in the heart of American capitalism . From Trump stealing * govt secrets to be sold on the open market to his love for fascist dictators, Trump has made America a third world dictatorship wannabe for the idiot class. That’s you.
No Dufus, every cent paid by the employee into a benefit package comes from the same pot as wages.
Guess you were never an employer. The total wage package plus BENEFITS W given to the employee is deducted from the gross profit of the employer and becomes untaxed, as does the 7.65 % from the employer.Employee 7.65%
Employer 7.65%
Do you have a point in there twat?
Or just more whining?
Guess you were never an employer. The total wage package plus BENEFITS W given to the employee is deducted from the gross profit of the employer and becomes untaxed, as does the 7.65 % from the employer.
If the state or federal government pick up the the other 7.65% and was not collected from the employer, the employer could just pay the employee an additional 7.65% pay raise. It has the same effect on the employer. It’s 7.65% less in wage the employer pays the employee.
Other benefits are reimbursed. For example,
The Federal unemployment tax is 6.0% on the first $7,000 in employee wages. However, most states and businesses receive a tax credit of 5.4% and only pay 0.6% to FUTA. So, the maximum amount most employers pay into FUTA each year per employee is $42 ($7,000 X 0.6%).
So shit head, not only is the benefit money untaxed, in some cases, it becomes an actual tax credit.
guess you never ran a business….
but, you’re the same twit who thinks collapsing is wishful thinking…
Wow, so you can take phrases out of context and make stupid remarks. Unimpressed.The total wage package plus BENEFITS W given to the employee is deducted from the gross profit of the employer and becomes untaxed, as does the 7.65 % from the employer.
And?
If the state or federal government pick up the the other 7.65% and was not collected from the employer, the employer could just pay the employee an additional 7.65% pay raise.
Why would the state or federal government "pick up" the the other 7.65%?
not only is the benefit money untaxed, in some cases,
OMG! So fucking what?
but, you’re the same twit who thinks collapsing is wishful thinking…
Did you ever show how the sun's gravity caused uranium on Earth?
Wow, so you can take phrases out of context and make stupid remarks. Unimpressed.
We were talking about social security taxes and you tried to move the goalposts to the rich avoiding taxes on capital gains from securities.Boy you are dumb! You wrote: "Has nothing to do with Social Security."
Ahh... such a canard.So here is how stupid you are: If all those people making over $147,000 in the USA:
FACT: about 8.3% of the population earned between $150,000 and $199,999;
and about 10.3% of the population earned over $200,000.
Let's use 10.3%What Is the Average American Income in 2021? | PolicyAdvice
What is the average American income? What is considered a good income in the USA? Check out these interesting facts and stats!policyadvice.net
with 157.53 million people employed United States - Employment 2023 | Statista
So 10.3% of 157.53 million is $2.4 trillion or at 6.2% $150 billion MORE companies would be paying.
So what are the options for companies?
- Raising prices of goods and services -- adding to inflation
- laying off people.... meaning then unemployment insurance increase, decrease of tax income!
- Definitely NOT hire any people!
That is what you said. Of course the exact opposite happened:This idiot wants 1,400 insurance companies to go out of business, just as he has driven coal mining industry to bankruptcy! These companies pay $100 billion a year and employ 450,000 people. Where will this dummy get the money? He doesn't give a crap! He'll be gone but his legacy will be bankrupt companies!
UnitedHealth, the nation's biggest health insurer, will cut its participation in public health insurance exchanges to only a handful of states next year after expanding to nearly three dozen for this year.
That’s ridiculous. EVERYONE is a property owner directly or indirectly. A renter of a property owner, will pay higher rent to the property owner who can‘t deduct his property taxes from his federal income tax burden.
Its absolutely stupid to think your federal income tax burden does not affect, not only the state and local taxes but other expenses like rental and even goods purchased in stores that can’t deduct their property taxes. It’s a bill handed down to all consumers.
It’s a big inflationary burden when the rich don’t pay their fair share In taxes,
Even if you were not full of shit, which you are, the fairness of everyone paying the same tax on every dollar they make is just the right policy to have.
And like all idiots... you just don't read closely enough!We were talking about social security taxes and you tried to move the goalposts to the rich avoiding taxes on capital gains from securities.
Ahh... such a canard.
Remember when the ACA came out? You tried the same scare tactics.
That is what you said. Of course the exact opposite happened:
View attachment 687638
And now you're trying it here too. And you're just as full of shit as ever.
Even if you were not full of shit, which you are, the fairness of everyone paying the same tax on every dollar they make is just the right policy to have.
www.healthcare-now.org
Palo Alto Networks Total median compensation: $170,929 for total employees of 11,870 or $17.6 million more
in SS tax of 6.2%.
Summary...Forcing over $147,000 6.2% payments by employer would RAISE prices for the goods or services
nationally by at 6.2% to cover the costs!
