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S&P 500 has its highest close in 4 years

This is a discussion on S&P 500 has its highest close in 4 years within the Stock Market forums, part of the US Discussion category; Quote: Originally Posted by Barry44sucks Quote: Originally Posted by rightwinger Quote: Originally Posted by Barry44sucks Must be because Obama doubled the capital gains tax...wait, he ...


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  #31 (permalink)  
Old 02-25-2012, 07:33 AM
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Quote: Originally Posted by Barry44sucks View Post
Quote: Originally Posted by rightwinger View Post
Quote: Originally Posted by Barry44sucks View Post

Must be because Obama doubled the capital gains tax...wait, he couldn't get that done, and if he did, the stock market would have gone to hell in a hand basket.
Bull shit. If there is money to be made in the stock market, people will invest in the stock market. A 4% change in a capital gains tax will not change that
Where you getting 4% from? He wannted to take it from 15% to 28%, thats almost double. As an investor if they want me to twice as much in taxes, its not worth it for me to invest. I know many feel that way.
Yep no one invested back when the tax rate was that high before did they?
Ohh wait we had a good economy and employment then.
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  #32 (permalink)  
Old 02-25-2012, 07:37 AM
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Old 02-25-2012, 07:38 AM
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Quote: Originally Posted by uscitizen View Post
Quote: Originally Posted by Barry44sucks View Post
Quote: Originally Posted by rightwinger View Post

Bull shit. If there is money to be made in the stock market, people will invest in the stock market. A 4% change in a capital gains tax will not change that
Where you getting 4% from? He wannted to take it from 15% to 28%, thats almost double. As an investor if they want me to twice as much in taxes, its not worth it for me to invest. I know many feel that way.
Yep no one invested back when the tax rate was that high before did they?
Ohh wait we had a good economy and employment then.
Don't you think doubling the capital gains tax, possibly in some strange cosmic universe, would discourage investors from investing??
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  #34 (permalink)  
Old 02-25-2012, 07:41 AM
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Quote: Originally Posted by Barry44sucks View Post
Quote: Originally Posted by uscitizen View Post
Quote: Originally Posted by Barry44sucks View Post

Where you getting 4% from? He wannted to take it from 15% to 28%, thats almost double. As an investor if they want me to twice as much in taxes, its not worth it for me to invest. I know many feel that way.
Yep no one invested back when the tax rate was that high before did they?
Ohh wait we had a good economy and employment then.
Don't you think doubling the capital gains tax, possibly in some strange cosmic universe, would discourage investors from investing??
Halfing cap gains taxes helped lead to this mess we are in now.
We need responsible long term investing, not day trading and casino style wall street.

Cap gains taxes should be on a sliding scale.
If the gain was from assets held less than 30 days the tax should be 50%.
And sliding down a scale to a low rate when held for more than a year.
Last edited by uscitizen; 02-25-2012 at 07:44 AM.
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  #35 (permalink)  
Old 02-25-2012, 07:44 AM
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Quote: Originally Posted by Barry44sucks View Post
Quote: Originally Posted by uscitizen View Post
Quote: Originally Posted by Barry44sucks View Post

Where you getting 4% from? He wannted to take it from 15% to 28%, thats almost double. As an investor if they want me to twice as much in taxes, its not worth it for me to invest. I know many feel that way.
Yep no one invested back when the tax rate was that high before did they?
Ohh wait we had a good economy and employment then.
Don't you think doubling the capital gains tax, possibly in some strange cosmic universe, would discourage investors from investing??
Why do conservatives value investment dollars over labor dollars?

Why should $40,000 made from moving money from one place to another be taxed at a lower rate than $40,000 made working in a sewer?

Why does Mitt Romney pay less than 15% on his income while a family struggling to get by pays 24% ????
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  #36 (permalink)  
Old 02-25-2012, 07:46 AM
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Quote: Originally Posted by uscitizen View Post
Quote: Originally Posted by Barry44sucks View Post
Quote: Originally Posted by uscitizen View Post

Yep no one invested back when the tax rate was that high before did they?
Ohh wait we had a good economy and employment then.
Don't you think doubling the capital gains tax, possibly in some strange cosmic universe, would discourage investors from investing??
Halfing cap gains taxes helped lead to this mess we are in now.
We need responsible long term investing, not day trading and casino style wall street.
Now you're saying lowering capital gains tax got us in this mess???
I'd love for you to explain to me how.
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  #37 (permalink)  
Old 02-25-2012, 07:46 AM
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Quote: Originally Posted by rightwinger View Post
Quote: Originally Posted by Barry44sucks View Post
Quote: Originally Posted by uscitizen View Post

Yep no one invested back when the tax rate was that high before did they?
Ohh wait we had a good economy and employment then.
Don't you think doubling the capital gains tax, possibly in some strange cosmic universe, would discourage investors from investing??
Why do conservatives value investment dollars over labor dollars?

Why should $40,000 made from moving money from one place to another be taxed at a lower rate than $40,000 made working in a sewer?

Why does Mitt Romney pay less than 15% on his income while a family struggling to get by pays 24% ????
Because that 40K worker cannot afford to rent congress persons.
aka lobbyists.
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  #38 (permalink)  
Old 02-25-2012, 07:50 AM
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Quote: Originally Posted by rightwinger View Post
Quote: Originally Posted by Barry44sucks View Post
Quote: Originally Posted by uscitizen View Post

Yep no one invested back when the tax rate was that high before did they?
Ohh wait we had a good economy and employment then.
Don't you think doubling the capital gains tax, possibly in some strange cosmic universe, would discourage investors from investing??
Why do conservatives value investment dollars over labor dollars?

Why should $40,000 made from moving money from one place to another be taxed at a lower rate than $40,000 made working in a sewer?

Why does Mitt Romney pay less than 15% on his income while a family struggling to get by pays 24% ????
investing fuels growth which fuels jobs. You guys want investing too, but you want government to invest with our money. Conservatives believe we have better results when the private sector is doing the investing with thier own money.
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Old 02-25-2012, 07:50 AM
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Another OWS/Obama-Bot boasting about increased Wall Street profits. Wall Street is good now. Guess they got rebooted. And how convenient, just in time for the Election.
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Old 02-25-2012, 07:51 AM
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Quote: Originally Posted by Barry44sucks View Post
Quote: Originally Posted by rightwinger View Post
Quote: Originally Posted by Barry44sucks View Post

Don't you think doubling the capital gains tax, possibly in some strange cosmic universe, would discourage investors from investing??
Why do conservatives value investment dollars over labor dollars?

Why should $40,000 made from moving money from one place to another be taxed at a lower rate than $40,000 made working in a sewer?

Why does Mitt Romney pay less than 15% on his income while a family struggling to get by pays 24% ????
investing fuels growth which fuels jobs. You guys want investing too, but you want government to invest with our money. Conservatives believe we have better results when the private sector is doing the investing with thier own money.
Yeah investments fuel job growth in China and such offshore place, not so much here.

Cap gains from offshore ventures should be taxed at 30%.
on shore gains taxed at a lower rate.
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  #41 (permalink)  
Old 02-25-2012, 07:53 AM
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Quote: Originally Posted by uscitizen View Post
Quote: Originally Posted by Barry44sucks View Post
Quote: Originally Posted by rightwinger View Post

Why do conservatives value investment dollars over labor dollars?

Why should $40,000 made from moving money from one place to another be taxed at a lower rate than $40,000 made working in a sewer?

Why does Mitt Romney pay less than 15% on his income while a family struggling to get by pays 24% ????
investing fuels growth which fuels jobs. You guys want investing too, but you want government to invest with our money. Conservatives believe we have better results when the private sector is doing the investing with thier own money.
Yeah investments fuel job growth in China and such offshore place, not so much here.

Cap gains from offshore ventures should be taxed at 30%.

on shore gains taxed at a lower rate.
I agree with the second you said.
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Old 02-25-2012, 07:57 AM
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Quote: Originally Posted by PredFan View Post
So Wall Street are friends of the left now?
as long as they can spin it that way
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Obama, SOTU-2013;
'Nothing I'm proposing tonight should increase our deficit by a single dime.'

"Right now, we're spending more money to pay interest on debt than we'll spend on education, homeland security, transportation and veterans' benefits combined this year. Surely, there's something better to spend that money on. And those interest payments are a significant tax on Americans -- a debt tax that Washington doesn't want to talk about. And just wait until interest rates rise, because at some point they will".Obama, Senate speech 2006
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  #43 (permalink)  
Old 02-25-2012, 07:58 AM
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Quote: Originally Posted by uscitizen View Post
Quote: Originally Posted by Barry44sucks View Post
Quote: Originally Posted by rightwinger View Post

Why do conservatives value investment dollars over labor dollars?

Why should $40,000 made from moving money from one place to another be taxed at a lower rate than $40,000 made working in a sewer?

Why does Mitt Romney pay less than 15% on his income while a family struggling to get by pays 24% ????
investing fuels growth which fuels jobs. You guys want investing too, but you want government to invest with our money. Conservatives believe we have better results when the private sector is doing the investing with thier own money.
Yeah investments fuel job growth in China and such offshore place, not so much here.

Cap gains from offshore ventures should be taxed at 30%.
on shore gains taxed at a lower rate.
Quote:
Cap gains from offshore ventures should be taxed at 30%.
really? why?
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Naphta to Settembrini;
“It is ultimately a cruel misunderstanding of youth to believe it will find its heart’s desire in freedom, when truly, its deepest desire is to obey.” ( Der Zauberberg)

Obama, SOTU-2013;
'Nothing I'm proposing tonight should increase our deficit by a single dime.'

"Right now, we're spending more money to pay interest on debt than we'll spend on education, homeland security, transportation and veterans' benefits combined this year. Surely, there's something better to spend that money on. And those interest payments are a significant tax on Americans -- a debt tax that Washington doesn't want to talk about. And just wait until interest rates rise, because at some point they will".Obama, Senate speech 2006
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  #44 (permalink)  
Old 02-25-2012, 07:59 AM
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Quote: Originally Posted by rightwinger View Post
Quote: Originally Posted by Barry44sucks View Post
Quote: Originally Posted by uscitizen View Post

Yep no one invested back when the tax rate was that high before did they?
Ohh wait we had a good economy and employment then.
Don't you think doubling the capital gains tax, possibly in some strange cosmic universe, would discourage investors from investing??
Why do conservatives value investment dollars over labor dollars?

Why should $40,000 made from moving money from one place to another be taxed at a lower rate than $40,000 made working in a sewer?

Why does Mitt Romney pay less than 15% on his income while a family struggling to get by pays 24% ????
this question has been asked and answered 100 times...how many more times do you need to see it?

the money has been taxed at the income rate already, then it is taxed again, at the 15% cap gain rate...thats not enough?
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Naphta to Settembrini;
“It is ultimately a cruel misunderstanding of youth to believe it will find its heart’s desire in freedom, when truly, its deepest desire is to obey.” ( Der Zauberberg)

Obama, SOTU-2013;
'Nothing I'm proposing tonight should increase our deficit by a single dime.'

"Right now, we're spending more money to pay interest on debt than we'll spend on education, homeland security, transportation and veterans' benefits combined this year. Surely, there's something better to spend that money on. And those interest payments are a significant tax on Americans -- a debt tax that Washington doesn't want to talk about. And just wait until interest rates rise, because at some point they will".Obama, Senate speech 2006
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  #45 (permalink)  
Old 02-25-2012, 07:59 AM
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Quote: Originally Posted by Chris View Post
Quote: Originally Posted by occupied View Post
Quote: Originally Posted by Chris View Post

Gold.
Ah yes, the terrified gold market, that has been hyped to insane levels hasn't it?
It's obvious.

Thanks, Glenn Beck.
Actually, you've got it backwards (no surprise). The dollar is in a bubble, precious metals are reacting, unless secondary sales have been pumping up the price of gold since the early 70s.

Backwards, I tell ya. But no matter, pull out of gold and get more FRNs on hand...then get ready for the big surprise.
Last edited by TakeAStepBack; 02-25-2012 at 08:01 AM.
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