healthmyths
Platinum Member
- Sep 19, 2011
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"While we are troubled by the magnitude of stock buybacks and the consequences for employees and communities, we are even more disturbed by the dramatic increase in stock sales by corporate insiders following the announcement of a buyback. This ... means it is imperative that the SEC revisit the evolution of Rule 10b-18 to ensure that corporate executives are not using the rule inappropriately to enable advantageous sales of their own stock while ignoring the needs of their companies' workers," the senators' letter said.
The impact of share repurchases
So Schumer, et.al... What happens to the money that these evil corporate executives and shareholders receive?
A) TAXES!! Yup they will have to pay capital gains taxes...
How much will their taxes be? 15% capital gains... $200 billion stock buyback... $30 billion additional taxes!
B) What will they do with the money? Hide in the mattress, bury in the back yard? Buy another yacht?
C) Assume they buy a yacht. YEA I use to do computer work for a yacht builder and that meant more jobs!
But these idiot politicians JUST don't understand how money works...obviously with "Pocahontas" wants to raise taxes to 50%!!!
Well, it's not about the number. Here's how I look at budgets and taxes are at the heart of this. A lot of people think they're just numbers; they're not. They are the expression of our values. The values of the Republican Party that passed those tax cuts are to give $1.5 trillion away to the richest Americans and the biggest corporations, and let everybody else pick up the crumbs.
Sen. Elizabeth Warren recalls 'a time in a very prosperous America' when the top tax rate was above 50%
Unbelievable STUPID!
The impact of share repurchases
So Schumer, et.al... What happens to the money that these evil corporate executives and shareholders receive?
A) TAXES!! Yup they will have to pay capital gains taxes...
How much will their taxes be? 15% capital gains... $200 billion stock buyback... $30 billion additional taxes!
B) What will they do with the money? Hide in the mattress, bury in the back yard? Buy another yacht?
C) Assume they buy a yacht. YEA I use to do computer work for a yacht builder and that meant more jobs!
But these idiot politicians JUST don't understand how money works...obviously with "Pocahontas" wants to raise taxes to 50%!!!
Well, it's not about the number. Here's how I look at budgets and taxes are at the heart of this. A lot of people think they're just numbers; they're not. They are the expression of our values. The values of the Republican Party that passed those tax cuts are to give $1.5 trillion away to the richest Americans and the biggest corporations, and let everybody else pick up the crumbs.
Sen. Elizabeth Warren recalls 'a time in a very prosperous America' when the top tax rate was above 50%
Unbelievable STUPID!