Tax wealth not income

Discussion in 'Politics' started by Rambunctious, Jan 9, 2013.

  1. Rambunctious
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    Rambunctious Gold Member

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    It's time to call Pelosi's bluff and tax her wealth. The same goes for any other millionaire that is decrying the fact that his or her taxes are too low. Tax the wealth of the Kennedy clan and watch them call for less spending. Time to get on board with increased taxes and tax their savings and dividends. Scream this from the mountain tops. Take Pelosi's bucks!
     
  2. jwoodie
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    jwoodie Gold Member Supporting Member

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    Simple in theory but difficult in practice. One way would be to tax capital gains on a current basis instead of at time of sale. After all, investment risk is a form of gambling; why not tax it the same way?
     
  3. Valerie
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    Valerie Gold Member

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    There is already an income tax for interest earned after that money has already been taxed as income (of whichever kind). And dividends are already taxed as well as capital gains... You can only carry over the capital losses which can offset $3k worth of gains but all of the gains get taxed in the year you have the gain. After that your accumulated wealth is taxed yet again when you die!
     
  4. beretta304
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    beretta304 BANNED

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    What's the saying...something like the only thing one can count on is death and taxes.
     
  5. jwoodie
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    jwoodie Gold Member Supporting Member

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    Capital gains taxes are not assessed unless/until you sell (or better yet, die and give your beneficiaries an automatic step-up in cost basis). Gambling winnings are taxed at the end of each year, even if you intend to "reinvest" them.
     
  6. Valerie
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    Valerie Gold Member

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    Yes, it is not considered a taxable capital gain until the year you sell and incur the gain.
     
  7. Dante
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    Dante On leave Supporting Member

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    :lol: fucking idiot! :eusa_clap: I'm all for it.

    Now run along and try to get one of those phoney mutha foukers in the GOP Congress to help you out


    :laugh2:
     
  8. GoneBezerk
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    GoneBezerk BANNED

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    Rich liberals like Pelosi, Reid, obamination, Buffet, etc talk out their ass about people paying more on their income of $400,000 or more while their assets many times are untouched.

    Buffet has billions in assets but then acts like INCOME taxes need to go up on some CEO making $1M a year actually doing work all the while Buffet knows his assets are hidden from view of Democrap voters and taxes.....until he dies.

    If liberals weren't two-faced liars, then they would be taxing the billions in assets Buffet sits on today instead of going after people making $400K working for a living and don't have 5-10 homes like the Buffets of the world.
     
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  9. GoneBezerk
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    GoneBezerk BANNED

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    So shitstain....you're claiming Ted Kennedy when he was alive and drunk proposed to raise taxes on his family's wealth which was mostly in offshore tax shelters when he constantly talked about rich people needing to pay more in INCOME TAXES.......

    Nancy Pelosi isn't talking out her ass when she claims "rich" people need to pay more on their INCOME while her family assets are protected???

    Yeah, she pays taxes on her Congress salary and any earned interest while her daddy's millions are protected from her tax scams on people making $400K and will never have millions in the bank like Pelosi.

     
  10. LeftofLeft
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    LeftofLeft Gold Member

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    The rich are the wealthy, not necessarily a high income earner in a given year. People need to realize that.
     

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