Debunking Liberal Myths About the Rich and the Capital Gains Tax

[jbander]

Capital gains applies to everyone. The dirty little secret is that a poor person who won a car in a lottery wouldn't be able to drive it because he would have to pay the capital gains tax up front. If the owner of a family farm died without a will the family would most likely have to sell the property to pay the death tax that the government suddenly dumped on them. A small time investor would be hurt more by capital gains than the rich investor from selling stocks. Gambling casinos? The government probably gives them a break.

You are a clown, it is almost 100% owned by the ungodly wealthy all laws are written only because of that fact. The bottom 80% receive just about nothing for income from cap gains The top 1% just about all their total income is from investments and their businesses. The top 1% own 16 times more then the bottom half.

 

[jbander]

There is no liberal myth that supports the free ride that the wealthy are getting.

 

[jbander]

The numbers make that 100% clear. The wealthy are getting a free ride compared to the rest of this country.,

 

[jc456]

You are a clown, it is almost 100% owned by the ungodly wealthy all laws are written only because of that fact. The bottom 80% receive just about nothing for income from cap gains The top 1% just about all their total income is from investments and their businesses. The top 1% own 16 times more then the bottom half.

so you don't have IRA's or 401Ks or stock options? I do, I ain't no corporation.

 

[hadit]

You are an adult who still calls people Comies

They are, openly.

 

[rightwinger]

They are, openly.

John Birch Society is calling

 

[hadit]

John Birch Society is calling

You'd better answer. I told them to stop calling me.

 

[Toddsterpatriot]

As regular income.

Never as capital gains ( the much lower rate)

As regular income.

How much are you planning to withdraw per year?
Under what filing status?

Never as capital gains ( the much lower rate)

You're allowed to have capital gains and benefit from the capital gains rate too.

 

[Toddsterpatriot]

It will increase fiduciary responsibility liability in courts of law, for one, and it will channel more money into real business investments instead of stock speculation for two. Corporate governance and owners being held legally responsible for debts, losses, and crimes committed by their managers has an amazingly positive effect in keeping stock holders interested in what their companies do beyond dividends and today's stock price.

It will increase fiduciary responsibility liability in courts of law, for one, and it will channel more money into real business investments instead of stock speculation for two.

Every company will be like a sole proprietorship?

 

[Toddsterpatriot]

Sure thing!!!

What a dumbass you are.

The dumbass is the **** whining about surplus value.

 

[dblack]

The dumbass is the **** whining about surplus value.

gawd... not 'surplus value' again.

 

[dblack]

Do you believe we have a democracy here in the United States? No, we have a plutocratic oligarchy, ruled by big-money capitalists. Do you have democracy in the workplace under capitalism? NO!

**** NO!

This is where socialists go off the rails. Their worship of majority rule, for every god damned thing in society, is patently insane and I'll never consent to it.

 

[dblack]

**** NO!

This is where socialists go off the rails. Their worship of majority rule, for every god damned thing in society, is patently insane and I'll never consent to it.

Majority rule is only necessary when it's imperative that everyone agree to one course of action. And it should only be tolerated when it IS necessary. Otherwise, there's no reason why the majority should be allowed to force its will on everyone else.

 

[Supposn]

Liberals endlessly argue that the rich are not paying their fair share because many rich people do not pay income taxes but "only" pay capital gains taxes. ...

Mikegriffith1, I'm generally opposed to the reduced tax rates for any particular specific source or method for acquiring income.
I posted the discussion topic entitled 'Capital gains & income averaging" more than 10 years ago within USMB's “Economics” forum.

Refer to”: regarding low-income housing tax regulations, refer to link,
TheIRS issues proposed regulations on income averaging | Nixon PeabodyLLP

and regarding income derived from farming or fishing, refer to link,
IRSTax Filing Income Averaging Information | Legal Beagle

Respectfully, Supposn

 

[Lesh]

As regular income.

How much are you planning to withdraw per year?
Under what filing status?

Never as capital gains ( the much lower rate)

You're allowed to have capital gains and benefit from the capital gains rate too.

On 401ks?

Link to that

 

[DudleySmith]

Moron, meet the definition.

What Is a Monopoly? Types, Regulations, and Impact on Markets

Monopoly meaning: A market structure with a single seller that prevents viable competition from providing the same product. Learn more about the meaning of monopoly.

www.investopedia.com

What Is a Monopoly?​

A monopoly is a market structure with a single seller or producer that assumes a dominant position in an industry or a sector. Monopolies are discouraged in free-market economies because they stifle competition, limit consumer substitutes, and thus, limit consumer choice.

lol you trying to cover up your profound ignorance? That's cute.

 

[DudleySmith]

Do any Communists argue at an above 5-year-old level?

All you're doing is concentrating power in the hands of unelected, unaccountable bureaucrats. Do you have the right to review and reject their actions if you don't agree with something they force you to do? With a company, you can shop the competition if you don't like what they do, witness Bud Light. With government, you have no recourse.

And again you refuse to acknowledge you don't have squat to refute anything I said. You just babble some more stuff and change the topic, along with a new slate of strawmen. That's because you know you're full of shit like the rest of your peers, and would starve to death if there ever was a real 'free market system'. Your slogan is 'socialize the costs and privatize the profits'. A 'privately owned' monopoly is exactly the same as a state owned one, they're distinctions without a difference. Your only point is 'people suck, so let's just let them run amuck with zero regulations and laws', then try to validate that with some rubbish or other that 'commies are worse n stuff'; they're not they're exactly like you, they just babble different rhetoric.

You and your peers calling anybody else 'communists' is just hilarious projection.

 

[DudleySmith]

You're just unable to think deeply, so you resort to cheap, irrational, baby-brained arguments. Is there a straight, pure capitalist system? No. The poorest countries in the world aren't socialist, they're capitalist.

The countries that openly identify as socialist, are often attacked by the US capitalist empire (The 800-pound gorilla). Soviet Russia was invaded in 1918 by the United States, UK, France and 12 other countries. There were over 200K foreign troops in Soviet Russia, fighting on the side of the "White Army" (pro-tsarist/capitalist army), vs the Red Army (Socialists). The socialists won, and the invading forces had to leave.

Shortly after that, Soviet Russia was invaded by four million Germans! The Soviet Union lost 9 million soldiers and 18 million Soviet civilians, 14% of its population. Do you know how many Americans died in WW2? Not even half a million. The US lost 0.03% of its population. The US is surrounded by two vast oceans, that kept Germany and Japan from invading it.

The USSR had to pick itself up by its own bootstraps, after WW2, rebuilding its country from the catastrophe it suffered at the hands of the Nazis. There was no Marshal Plan from Uncle Sam for the Russians, they had to rebuild on their own and they still managed to become a World Superpower.

Russia was just a backwater, under-industrialized, agrarian society in 1917, and it became an industrial juggernaut and nuclear superpower, despite all of the challenges it had to overcome. The wars, the economic sanctions from the American capitalist empire, and the Cold War..etc.

You're so dishonest and unfair in your assessment of the socialist project of the 20th century. It was an amazing "go" or try, to establish a communist government and economy at the massive scale of Russia, with all of that territory. Despite all of the obstacles, it made some very impressive accomplishments.

Did capitalism replace feudalism and chattel slavery overnight? Did the European mercantile class, replace the royal aristocracy of Europe with one single swoop of their swords? One event, one war, one single victory, one try, one century..? No. It took hundreds of years before the European merchant class was in a position to replace feudalism and become capitalist industrialists. Technology had to exist, to allow the merchant classes to rise to dominance, to the point that they became the new ruling class. It took centuries and technology to achieve that.

We are now at the brink or edge of a new revolution in production. Advanced automation and artificial intelligence is going to eliminate wage labor, and when that occurs society is forced by necessity to adopt a non-profit, marketless system of mass production. In other words, it's forced due to the circumstances created by advanced automation and artificial intelligence to adopt marketless, high-tech, democratic socialism/communism.

Yes, well we already have long experience with your 'rational constructionist' rubbish,, it's the same as the right wing version, and the early terms we used for flakey programming was 'Garbage In, Garbage Out', and if you think AI's are all being programmed by objective geniuses then I have these bags of some really kool beans that grow for miles and some ducks that shit solid gold turds I'll sell you cheap.

 

[jc456]

lol you trying to cover up your profound ignorance? That's cute.

Just posting truths

 

[DudleySmith]

Just posting truths

The ones no one ever denied? Great plan there, Ace.