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Thanks to Obama MY PAYCHECK IS LESS!!!

This is a discussion on Thanks to Obama MY PAYCHECK IS LESS!!! within the Politics forums, part of the US Discussion category; Quote: Originally Posted by OohPooPahDoo Quote: Originally Posted by Gadawg73 NO tax increase on the wealthy that have assets. Nothing changes as those folks donate ...


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  #196 (permalink)  
Old 01-04-2013, 01:11 AM
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Quote: Originally Posted by OohPooPahDoo View Post
Quote: Originally Posted by Gadawg73 View Post
NO tax increase on the wealthy that have assets.
Nothing changes as those folks donate to both parties.
Taxes went up on income producers ONLY.
Capital gains taxes went up 33%.
Guess what happens now?
WE HOLD LONG, do no more investing there as the gains are 33% LOWER so why invest in the economy here in America with high taxes?
Dumb asses. Going short in Brazil and Chile with retail and farming with 100% of my investment dollars this year.

The gains aren't 33% lower you mathematical midget. The top rate increased from 15% to 23.8% - that's an 8.8% reduction in after tax gains, not 33%. My lord fuck you are stupid. I sure as hell hope you are joking about doing your own investing.
Capital gains went from 15% to 20%, that's a 33% increase.
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  #197 (permalink)  
Old 01-04-2013, 01:12 AM
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Quote: Originally Posted by auditor0007 View Post
Quote: Originally Posted by uscitizen View Post
Taxes did not kick in for the 47%.

Or maybe they did on some of them and now it is the 37%?
Taxes will increase on everyone since the payroll tax holiday is now over. Oh, but wait, I forgot; payroll taxes are not taxes because 47% of Americans pay no taxes, lmao!!! The 47% doesn't pay taxes, but now that payroll taxes are being increased back to their standard rate, Obama is now giving the 47% who don't pay taxes a tax increase.
Hilarious, right?

I'm embarrassed that I was ever a registered member of the Clown Shoes party.
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  #198 (permalink)  
Old 01-04-2013, 09:20 AM
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Quote: Originally Posted by Article 15 View Post
Quote: Originally Posted by OohPooPahDoo View Post
Quote: Originally Posted by Gadawg73 View Post
NO tax increase on the wealthy that have assets.
Nothing changes as those folks donate to both parties.
Taxes went up on income producers ONLY.
Capital gains taxes went up 33%.
Guess what happens now?
WE HOLD LONG, do no more investing there as the gains are 33% LOWER so why invest in the economy here in America with high taxes?
Dumb asses. Going short in Brazil and Chile with retail and farming with 100% of my investment dollars this year.

The gains aren't 33% lower you mathematical midget. The top rate increased from 15% to 23.8% - that's an 8.8% reduction in after tax gains, not 33%. My lord fuck you are stupid. I sure as hell hope you are joking about doing your own investing.
Capital gains went from 15% to 20%, that's a 33% increase.
That's not the same as saying there is a 33% reduction in gains.


Are you people really this stupid? Do I have to do the math for you?

Asset A bought for $1000 and sold at $2000

BEFORE the tax hike
after tax gains = $2000 - $1000 - $1000 x 0.15 = $850

AFTER the tax hike
after tax gains = $2000 - $1000 - $1000 x 0.20 = $800

Difference in gains = $850 - $800 = $50

$50 is 5.8% of $850 - NOT 33%.
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Last edited by OohPooPahDoo; 01-04-2013 at 09:23 AM.
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  #199 (permalink)  
Old 01-04-2013, 09:24 AM
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Quote: Originally Posted by Gadawg73 View Post
Quote: Originally Posted by OohPooPahDoo View Post
Quote: Originally Posted by Gadawg73 View Post
NO tax increase on the wealthy that have assets.
Nothing changes as those folks donate to both parties.
Taxes went up on income producers ONLY.
Capital gains taxes went up 33%.
Guess what happens now?
WE HOLD LONG, do no more investing there as the gains are 33% LOWER so why invest in the economy here in America with high taxes?
Dumb asses. Going short in Brazil and Chile with retail and farming with 100% of my investment dollars this year.

The gains aren't 33% lower you mathematical midget. The top rate increased from 15% to 23.8% - that's an 8.8% reduction in after tax gains, not 33%. My lord fuck you are stupid. I sure as hell hope you are joking about doing your own investing.
Under your theory it would be almost a 40% increase in taxes on gains!
No, dumb ass, the rate went from 15-20%.
5% is 33% of 15% you moron. 5 is 1/3 of 15 you fool.
It went up 5% from 15% to 20%. That 5% increase represents 33% of the 15% it was before the increase.
It went up 33%.
You are dumb as a box of rocks. Keep the "do you want fries with that" job.
It fits you.

The tax rate went up 33% but your after tax gains do not go DOWN 33% as a result, as you have claimed. After tax gains only decreases by 5.8%. See above post Thanks to Obama MY PAYCHECK IS LESS!!! and do yourself a favor and refrain from doing your own investing.
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  #200 (permalink)  
Old 01-04-2013, 09:47 AM
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Quote: Originally Posted by OohPooPahDoo View Post
Quote: Originally Posted by Article 15 View Post
Quote: Originally Posted by OohPooPahDoo View Post


The gains aren't 33% lower you mathematical midget. The top rate increased from 15% to 23.8% - that's an 8.8% reduction in after tax gains, not 33%. My lord fuck you are stupid. I sure as hell hope you are joking about doing your own investing.
Capital gains went from 15% to 20%, that's a 33% increase.
That's not the same as saying there is a 33% reduction in gains.


Are you people really this stupid? Do I have to do the math for you?

Asset A bought for $1000 and sold at $2000

BEFORE the tax hike
after tax gains = $2000 - $1000 - $1000 x 0.15 = $850

AFTER the tax hike
after tax gains = $2000 - $1000 - $1000 x 0.20 = $800

Difference in gains = $850 - $800 = $50

$50 is 5.8% of $850 - NOT 33%.
Dumb ass, there is no guarantee of a gain or reduction in a capital gain.
Do you even know what capital gains come from?

We are talking TAX INCREASES.
The tax increase is 33% on the gain.

NOT the gain you fool, THE TAX INCREASE.
And we are limited now to a whopping 3K a year in carryover losses individually.
You DO KNOW that many capital investments LOSE MONEY!
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  #201 (permalink)  
Old 01-04-2013, 09:49 AM
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Quote: Originally Posted by OohPooPahDoo View Post
Quote: Originally Posted by Gadawg73 View Post
Quote: Originally Posted by OohPooPahDoo View Post


The gains aren't 33% lower you mathematical midget. The top rate increased from 15% to 23.8% - that's an 8.8% reduction in after tax gains, not 33%. My lord fuck you are stupid. I sure as hell hope you are joking about doing your own investing.
Under your theory it would be almost a 40% increase in taxes on gains!
No, dumb ass, the rate went from 15-20%.
5% is 33% of 15% you moron. 5 is 1/3 of 15 you fool.
It went up 5% from 15% to 20%. That 5% increase represents 33% of the 15% it was before the increase.
It went up 33%.
You are dumb as a box of rocks. Keep the "do you want fries with that" job.
It fits you.

The tax rate went up 33% but your after tax gains do not go DOWN 33% as a result, as you have claimed. After tax gains only decreases by 5.8%. See above post Thanks to Obama MY PAYCHECK IS LESS!!! and do yourself a favor and refrain from doing your own investing.
"INCREASE ON TAXES"
is what I clearly stated.
You have your Obama talking points down very well though.
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  #202 (permalink)  
Old 01-04-2013, 10:17 AM
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Quote: Originally Posted by Gadawg73 View Post
Quote: Originally Posted by OohPooPahDoo View Post
Quote: Originally Posted by Gadawg73 View Post

Under your theory it would be almost a 40% increase in taxes on gains!
No, dumb ass, the rate went from 15-20%.
5% is 33% of 15% you moron. 5 is 1/3 of 15 you fool.
It went up 5% from 15% to 20%. That 5% increase represents 33% of the 15% it was before the increase.
It went up 33%.
You are dumb as a box of rocks. Keep the "do you want fries with that" job.
It fits you.

The tax rate went up 33% but your after tax gains do not go DOWN 33% as a result, as you have claimed. After tax gains only decreases by 5.8%. See above post Thanks to Obama MY PAYCHECK IS LESS!!! and do yourself a favor and refrain from doing your own investing.
"INCREASE ON TAXES"
is what I clearly stated.
You have your Obama talking points down very well though.
You also said:
Quote: Originally Posted by Gadawg73 View Post
...
the gains are 33% LOWER...
THEY AREN'T.
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  #203 (permalink)  
Old 01-04-2013, 10:25 AM
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Quote: Originally Posted by Gadawg73 View Post
WE HOLD LONG, do no more investing there as the gains are 33% LOWER so why invest in the economy here in America with high taxes?
Dumb asses. Going short in Brazil and Chile with retail and farming with 100% of my investment dollars this year.
You're an idiot. Profits from short positions are subject to the ordinary income tax rate, whether they are in the U.S., Brazil, or Alpha Centari. You'll be paying a higher tax rate on those transactions than your would pay on positions subject to the long term rates.
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  #204 (permalink)  
Old 01-04-2013, 10:29 AM
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Quote: Originally Posted by OohPooPahDoo View Post
Quote: Originally Posted by Gadawg73 View Post
WE HOLD LONG, do no more investing there as the gains are 33% LOWER so why invest in the economy here in America with high taxes?
Dumb asses. Going short in Brazil and Chile with retail and farming with 100% of my investment dollars this year.
You're an idiot. Profits from short positions are subject to the ordinary income tax rate, whether they are in the U.S., Brazil, or Alpha Centari. You'll be paying a higher tax rate on those transactions than your would pay on positions subject to the long term rates.
NO they are not. In my IRA fool.
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  #205 (permalink)  
Old 01-04-2013, 10:34 AM
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Quote: Originally Posted by Gadawg73 View Post
Quote: Originally Posted by OohPooPahDoo View Post
Quote: Originally Posted by Gadawg73 View Post
WE HOLD LONG, do no more investing there as the gains are 33% LOWER so why invest in the economy here in America with high taxes?
Dumb asses. Going short in Brazil and Chile with retail and farming with 100% of my investment dollars this year.
You're an idiot. Profits from short positions are subject to the ordinary income tax rate, whether they are in the U.S., Brazil, or Alpha Centari. You'll be paying a higher tax rate on those transactions than your would pay on positions subject to the long term rates.
NO they are not. In my IRA fool.
LOL! So the increase in the long term capital gains rate is motivating you to choose one tax free transaction over another tax-free transaction - that makes a lot of sense.
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  #206 (permalink)  
Old 01-04-2013, 10:40 AM
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Quote: Originally Posted by OohPooPahDoo View Post
Quote: Originally Posted by Gadawg73 View Post
Quote: Originally Posted by OohPooPahDoo View Post

You're an idiot. Profits from short positions are subject to the ordinary income tax rate, whether they are in the U.S., Brazil, or Alpha Centari. You'll be paying a higher tax rate on those transactions than your would pay on positions subject to the long term rates.
NO they are not. In my IRA fool.
LOL! So the increase in the long term capital gains rate is motivating you to choose one tax free transaction over another tax-free transaction - that makes a lot of sense.
Can not carry speculative real estate land in my IRA pooh pooh.
Try again.
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  #207 (permalink)  
Old 01-04-2013, 03:20 PM
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Quote: Originally Posted by Gadawg73 View Post
Quote: Originally Posted by OohPooPahDoo View Post
Quote: Originally Posted by Gadawg73 View Post

NO they are not. In my IRA fool.
LOL! So the increase in the long term capital gains rate is motivating you to choose one tax free transaction over another tax-free transaction - that makes a lot of sense.
Can not carry speculative real estate land in my IRA pooh pooh.
Try again.
Try making a point. Nothing of what you've said makes any sense so far, and you even deny saying things that you've said.
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Old 01-04-2013, 03:21 PM
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Quote: Originally Posted by Gadawg73 View Post
Quote: Originally Posted by OohPooPahDoo View Post
Quote: Originally Posted by Gadawg73 View Post

NO they are not. In my IRA fool.
LOL! So the increase in the long term capital gains rate is motivating you to choose one tax free transaction over another tax-free transaction - that makes a lot of sense.
Can not carry speculative real estate land in my IRA pooh pooh.
Try again.
Try making a point. Nothing of what you've said makes any sense so far, and you even deny saying things that you've said.

BTW, http://www.foxbusiness.com/personal-...y-real-estate/
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  #209 (permalink)  
Old 01-04-2013, 03:58 PM
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Article 15 could successfully start his own religionArticle 15 could successfully start his own religionArticle 15 could successfully start his own religionArticle 15 could successfully start his own religionArticle 15 could successfully start his own religionArticle 15 could successfully start his own religionArticle 15 could successfully start his own religionArticle 15 could successfully start his own religionArticle 15 could successfully start his own religionArticle 15 could successfully start his own religionArticle 15 could successfully start his own religionArticle 15 could successfully start his own religionArticle 15 could successfully start his own religionArticle 15 could successfully start his own religionArticle 15 could successfully start his own religion
Quote: Originally Posted by OohPooPahDoo View Post
Quote: Originally Posted by Article 15 View Post
Quote: Originally Posted by OohPooPahDoo View Post


The gains aren't 33% lower you mathematical midget. The top rate increased from 15% to 23.8% - that's an 8.8% reduction in after tax gains, not 33%. My lord fuck you are stupid. I sure as hell hope you are joking about doing your own investing.
Capital gains went from 15% to 20%, that's a 33% increase.
That's not the same as saying there is a 33% reduction in gains.


Are you people really this stupid? Do I have to do the math for you?

Asset A bought for $1000 and sold at $2000

BEFORE the tax hike
after tax gains = $2000 - $1000 - $1000 x 0.15 = $850

AFTER the tax hike
after tax gains = $2000 - $1000 - $1000 x 0.20 = $800

Difference in gains = $850 - $800 = $50

$50 is 5.8% of $850 - NOT 33%.
No, you dont have to do the math for me, I'm aware they are two different equations measuring two different things. This shit is my bread and butter.
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  #210 (permalink)  
Old 01-04-2013, 05:01 PM
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Quote: Originally Posted by Gadawg73 View Post
Dumb ass, there is no guarantee of a gain or reduction in a capital gain.
Do you even know what capital gains come from?

We are talking TAX INCREASES.
The tax increase is 33% on the gain.

NOT the gain you fool, THE TAX INCREASE.
And we are limited now to a whopping 3K a year in carryover losses individually.
You DO KNOW that many capital investments LOSE MONEY!
I believe that's what he was pointing out. You are essentially agreeing with him.

And, as to your last question, a capital investment loss is a tax write-off. A write off which, mind you, you can carry over into years where you see a gain.
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