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A simple economic lesson... raise capital gains to 43% will do what?

healthmyths

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"Unintended Consequences"...
1) Analyses show that every 10% gain in the capital gains tax rate leads to a 7% change in capital gains realizations. That suggests Biden’s rate increase — which represents a 66% effective increase in the rate, could lead to a 45% to 50% increase in capital gains sales, which could create a large downward force in the market.
So this would mean 401K fund managers would be selling easily 50% reduction in values.
So what are 401ks value today:
About one-third of U.S. adults (35%) said they personally owned stocks, bonds or mutual funds outside of retirement accounts in a Pew Research Center survey from September 2019.
With 39% of the $6 trillion total 401K assets invested in the market..or about $2.4 Trillion will be at risk of dropping at least 50% in value.
Now that is just the affect on stock market and then on 401ks and then on the 60 million Americans with 401ks.
Now what about jobs in America?
At one point under Trump

U.S. companies have repatriated $1 trillion since tax overhaul​


Corporations have brought back more than $1 trillion of overseas profits to the U.S. since Congress overhauled the international tax system and prodded companies to repatriate offshore funds, a report showed Thursday. (snip)
Investment banks and think tanks have estimated that American corporations held $1.5 trillion to $2.5 trillion in offshore cash at the time the law was enacted. Before the overhaul, companies were incentivized to keep profits overseas because they owed a 35% tax when bringing it back and could defer payment by keeping funds offshore.
The law set a one-time 15.5% tax rate on cash and 8% on non-cash or illiquid assets.
Compare and contrast the way that Presidents Trump and Obama chose to stimulate the American economy, each of them generating roughly a trillion dollars in “stimulus.”
In summary folks... all the economic benefits of the "repatriation" and the capital gains tax cuts will result in nearly $10 trillion in economic losses to 60 million Americans at the minimum!
 

Flash

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"Unintended Consequences"...
1) Analyses show that every 10% gain in the capital gains tax rate leads to a 7% change in capital gains realizations. That suggests Biden’s rate increase — which represents a 66% effective increase in the rate, could lead to a 45% to 50% increase in capital gains sales, which could create a large downward force in the market.
So this would mean 401K fund managers would be selling easily 50% reduction in values.
So what are 401ks value today:
About one-third of U.S. adults (35%) said they personally owned stocks, bonds or mutual funds outside of retirement accounts in a Pew Research Center survey from September 2019.
With 39% of the $6 trillion total 401K assets invested in the market..or about $2.4 Trillion will be at risk of dropping at least 50% in value.
Now that is just the affect on stock market and then on 401ks and then on the 60 million Americans with 401ks.
Now what about jobs in America?
At one point under Trump

U.S. companies have repatriated $1 trillion since tax overhaul​


Corporations have brought back more than $1 trillion of overseas profits to the U.S. since Congress overhauled the international tax system and prodded companies to repatriate offshore funds, a report showed Thursday. (snip)
Investment banks and think tanks have estimated that American corporations held $1.5 trillion to $2.5 trillion in offshore cash at the time the law was enacted. Before the overhaul, companies were incentivized to keep profits overseas because they owed a 35% tax when bringing it back and could defer payment by keeping funds offshore.
The law set a one-time 15.5% tax rate on cash and 8% on non-cash or illiquid assets.
Compare and contrast the way that Presidents Trump and Obama chose to stimulate the American economy, each of them generating roughly a trillion dollars in “stimulus.”
In summary folks... all the economic benefits of the "repatriation" and the capital gains tax cuts will result in nearly $10 trillion in economic losses to 60 million Americans at the minimum!


These damn stupid Liberals think that raising taxes is the answer to everything.

The stupid sonofabitches have no idea that reducing spending, lowering taxes and reducing regulation are the things that will make all of us more prosperous.

They don't know any more about Economics than they know about Biology, Climate Science, History, Ethics or the Constitution.
 

pknopp

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The real answer is have government spending so low that it is not a burden on anybody.

Fair tales. Let's stick with realities here.
 

gipper

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It’s been shown many times the ultra rich don’t pay anywhere near the tax rates of the non-rich. The tax code was developed over time for their benefit. Their tax accountants are very good at tax avoidance.

Time for them to pay up BIG, to make up for the decades in which they paid very little.
 

jc456

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It’s been shown many times the ultra rich don’t pay anywhere near the tax rates of the non-rich. The tax code was developed over time for their benefit. Their tax accountants are very good at tax avoidance.

Time for them to pay up BIG, to make up for the decades in which they paid very little.
capital gains includes working americans. You're against us huh?
 

Flash

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Fair tales. Let's stick with realities here.


You are correct with reality because nobody ever elected to government has the courage to do the right thing and drastically reduce this tremendous cost of government burden so we are all pretty much fucked.

I don't get too excited about how taxes are collected. With so much that needs to be collected to finance this massive bloated government we all pay for it either directly or indirectly.

Changing the method only changes the mix of winners and losers but we are are losers in the long rung.
 
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pknopp

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You are correct with reality because nobody ever elected to government has the courage to do the right thing and drastically reduce this tremendous cost of government burden so we are all pretty much fucked.

I don't get too excited about how taxes are collected. With so much that needs to be collected to finance this massive bloated government we all pay for it either directly or indirectly.

Changing the method on changes the mix of winners and losers but we are are losers in the long rung.

So we have to deal with realities. Do you not think if taxes were higher that people might not pay more attention to spending?
 

jc456

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It’s been shown many times the ultra rich don’t pay anywhere near the tax rates of the non-rich. The tax code was developed over time for their benefit. Their tax accountants are very good at tax avoidance.

Time for them to pay up BIG, to make up for the decades in which they paid very little.
I finally get it, demofks are jealous that working americans can invest better than the social security program. They hate when working people succeed. Earn a living, invest for their retirement years. Amazing how insecure a demofk really is.
 

jc456

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So we have to deal with realities. Do you not think if taxes were higher that people might not pay more attention to spending?
not sure what your point is here. most americans want spending caps. At least the normal people I speak to. handing out 3.5 trillion only means a losing dollar. again, they could collect every dime earned and never pay off their debt. They'd rather demolish the country than do what is actually needed to progress.
 

SavannahMann

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These damn stupid Liberals think that raising taxes is the answer to everything.

The stupid sonofabitches have no idea that reducing spending, lowering taxes and reducing regulation are the things that will make all of us more prosperous.

They don't know any more about Economics than they know about Biology, Climate Science, History, Ethics or the Constitution.

Explain how Wall Street failed and why the country had to bail them out in 2008
 

pknopp

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not sure what your point is here. most americans want spending caps. At least the normal people I speak to. handing out 3.5 trillion only means a losing dollar. again, they could collect every dime earned and never pay off their debt. They'd rather demolish the country than do what is actually needed to progress.

If most want that, that is what would happen. It's not so..........as I said, fairy tales.
 

Flash

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So we have to deal with realities. Do you not think if taxes were higher that people might not pay more attention to spending?


That is an excellent point.

One of the problems we have now is that half the people don't have to pay the filthy ass income tax so as far as they are concerned they don't give a shit.

They have no idea that they indirectly pay the corporate tax and other taxes. They have no idea how increased taxes on wealth and investment hurts economic expansion and their jobs and retirement.

Most people are morons and are more interested in what they see on stupid social media than they are about the economy.
 

pknopp

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That is an excellent point.

One of the problems we have now is that half the people don't have to pay the filthy ass income tax so as far as they are concerned they don't give a shit.

They have no idea that they indirectly pay the corporate tax and other taxes. They have no idea how increased taxes on wealth and investment hurts economic expansion and their jobs and retirement.

Most people are morons and are more interested in what they see on stupid social media than they are about the economy.

I do not believe that excusing the taxes owed should be excused because it "helps others". People have been conned into believing that one.
 

jc456

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I finally get it, demofks are jealous that working americans can invest better than the social security program. They hate when working people succeed. Earn a living, invest for their retirement years. Amazing how insecure a demofk really is.
pknopp then why do they think raising capital gains only affects 1%'ers?
 

Flash

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Explain how Wall Street failed and why the country had to bail them out in 2008


Wall Street failed in 2008 because the idiot Democrats passed that stupid CRA that used government influence to put pressure on lenders to give credit to people that had neither the inclination or means to it back. It destroyed the housing market and everything came crashing down.

But of course The Worthless Negro bailed out his Wall Street buddies that gave him a shitload of campaign donations.
 

john doe 101

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About one-third of U.S. adults (35%) said they personally owned stocks, bonds or mutual funds outside of retirement accounts in a Pew Research Center survey from September 2019.
With 39% of the $6 trillion total 401K assets invested in the market..or about $2.4 Trillion will be at risk of dropping at least 50% in value.
You are assuming the 35% of Americans that own stock are 100% all in the highest tax bracket.

Nice try, dummy.
 

Votto

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"Unintended Consequences"...
1) Analyses show that every 10% gain in the capital gains tax rate leads to a 7% change in capital gains realizations. That suggests Biden’s rate increase — which represents a 66% effective increase in the rate, could lead to a 45% to 50% increase in capital gains sales, which could create a large downward force in the market.
So this would mean 401K fund managers would be selling easily 50% reduction in values.
So what are 401ks value today:
About one-third of U.S. adults (35%) said they personally owned stocks, bonds or mutual funds outside of retirement accounts in a Pew Research Center survey from September 2019.
With 39% of the $6 trillion total 401K assets invested in the market..or about $2.4 Trillion will be at risk of dropping at least 50% in value.
Now that is just the affect on stock market and then on 401ks and then on the 60 million Americans with 401ks.
Now what about jobs in America?
At one point under Trump

U.S. companies have repatriated $1 trillion since tax overhaul​


Corporations have brought back more than $1 trillion of overseas profits to the U.S. since Congress overhauled the international tax system and prodded companies to repatriate offshore funds, a report showed Thursday. (snip)
Investment banks and think tanks have estimated that American corporations held $1.5 trillion to $2.5 trillion in offshore cash at the time the law was enacted. Before the overhaul, companies were incentivized to keep profits overseas because they owed a 35% tax when bringing it back and could defer payment by keeping funds offshore.
The law set a one-time 15.5% tax rate on cash and 8% on non-cash or illiquid assets.
Compare and contrast the way that Presidents Trump and Obama chose to stimulate the American economy, each of them generating roughly a trillion dollars in “stimulus.”
In summary folks... all the economic benefits of the "repatriation" and the capital gains tax cuts will result in nearly $10 trillion in economic losses to 60 million Americans at the minimum!
They don't want the money, they just print what they want.

They simply want people disempowered, especially any political rivals.
 

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