How about a capital gains tax cut stimulus?

[Ray From Cleveland]

Yes, that's what I said. Watching these liberals, and even Republicans alike, striving to save our markets, economy and jobs by passing out checks, would that really do much of anything? I don't think so.

Help? Perhaps a little bit. But ask yourself: if the government gave you a tax-free $1,000 one-time check, what would you do with it, and more importantly, how would your actions aid in economic stability or recovery?

I for one would put my check towards my car loan. Some might payoff a credit card. Some, an extra mortgage payment. Others might take advantage of the low stock prices these days. But is that enough?

Long term capital gains taxes range from 0% to 20% depending on the amount of your investment. Instead of passing out checks, and putting us yet another trillion more in debt, wouldn't it make more sense for a 120 day 2% capital gains tax???

More complicated in figuring income tax by your tax preparer, or yourself? Perhaps However my belief is that investors are looking for the slightest sign of getting back into the market to take advantage of buy low-sell high. A huge reduction in taxes for 120 days (long enough for this virus hysteria to decrease) might give an extra incentive to invest money back into the market right now.

It's more than just the stock market, because if you sell your home at a profit, you get taxed on the capital gains. Such a move might help in new housing along with the market. The best part? No government Wall Street bailout as well.

 

[Asclepias]

Come on. You got to appreciate the irony of all these conservatives congratulating the idiot in office over the socialist bail out.

 

[Oddball]

How about a NO TAX stimulus?

 

[Ray From Cleveland]

Come on. You got to appreciate the irony of all these conservatives congratulating the idiot in office over the socialist bail out.

What conservatives might that be?

 

[Asclepias]

Come on. You got to appreciate the irony of all these conservatives congratulating the idiot in office over the socialist bail out.

What conservatives might that be?

The ones that start with a "c".

 

[Jackson]

Yes, that's what I said. Watching these liberals, and even Republicans alike, striving to save our markets, economy and jobs by passing out checks, would that really do much of anything? I don't think so.

Help? Perhaps a little bit. But ask yourself: if the government gave you a tax-free $1,000 one-time check, what would you do with it, and more importantly, how would your actions aid in economic stability or recovery?

I for one would put my check towards my car loan. Some might payoff a credit card. Some, an extra mortgage payment. Others might take advantage of the low stock prices these days. But is that enough?

Long term capital gains taxes range from 0% to 20% depending on the amount of your investment. Instead of passing out checks, and putting us yet another trillion more in debt, wouldn't it make more sense for a 120 day 2% capital gains tax???

More complicated in figuring income tax by your tax preparer, or yourself? Perhaps However my belief is that investors are looking for the slightest sign of getting back into the market to take advantage of buy low-sell high. A huge reduction in taxes for 120 days (long enough for this virus hysteria to decrease) might give an extra incentive to invest money back into the market right now.

It's more than just the stock market, because if you sell your home at a profit, you get taxed on the capital gains. Such a move might help in new housing along with the market. The best part? No government Wall Street bailout as well.

I think that its a great idea. It just might be what the stock market needs!

 

[XponentialChaos]

The $1,000 idea is intended to help the people living paycheck-to-paycheck. And there are plenty of them. Plenty of people are out of work right now and still need to pay their mortgage and utility bills. Restaurant workers, casino workers, tourism industries, taxi/Uber drivers, etc.

A 2% capital gains cut isn't going to help the people who really need it right now. Investors are going to be fine, eventually. People living paycheck-to-paycheck are going to be in serious trouble if something isn't done quickly. And it's looking like this is going to last a while. The last thing we need is for people with a lack of options acting desperately in a time like this.

 

[OnePercenter]

Yes, that's what I said. Watching these liberals, and even Republicans alike, striving to save our markets, economy and jobs by passing out checks, would that really do much of anything? I don't think so.

Help? Perhaps a little bit. But ask yourself: if the government gave you a tax-free $1,000 one-time check, what would you do with it, and more importantly, how would your actions aid in economic stability or recovery?

I for one would put my check towards my car loan. Some might payoff a credit card. Some, an extra mortgage payment. Others might take advantage of the low stock prices these days. But is that enough?

Long term capital gains taxes range from 0% to 20% depending on the amount of your investment. Instead of passing out checks, and putting us yet another trillion more in debt, wouldn't it make more sense for a 120 day 2% capital gains tax???

More complicated in figuring income tax by your tax preparer, or yourself? Perhaps However my belief is that investors are looking for the slightest sign of getting back into the market to take advantage of buy low-sell high. A huge reduction in taxes for 120 days (long enough for this virus hysteria to decrease) might give an extra incentive to invest money back into the market right now.

It's more than just the stock market, because if you sell your home at a profit, you get taxed on the capital gains. Such a move might help in new housing along with the market. The best part? No government Wall Street bailout as well.

Hey truck driver, how come you aren't delivering groceries to stores? WTF!!!! You should be working 24/7.

 

[WEATHER53]

$1000 won’t help me
Big cap gain year 2019 so relief there much better

 

[shockedcanadian]

I've never been a fan of capital gains tax in Canada. Tax on interest and dividends, ok, but why on share gains? You risk your capital in a company, it should be taxed minimally if at all.

Regardless, this stimulus should be paid for by China. Hit them with a real tariff and a broad one. Block trade of specific essential products from all nations and force manufacturing back to America (and Canada) of such critical productions.

It's amazing that nobody thought "hey, I wonder if shipping production of life saving medication to a communist, authoritarian state might be a problem for us one day?" This is like Russia shipping oil to the Germans in the 1940's. It's only a matter of time before it comes back to haunt you.

 

[IM2]

Yes, that's what I said. Watching these liberals, and even Republicans alike, striving to save our markets, economy and jobs by passing out checks, would that really do much of anything? I don't think so.

Help? Perhaps a little bit. But ask yourself: if the government gave you a tax-free $1,000 one-time check, what would you do with it, and more importantly, how would your actions aid in economic stability or recovery?

I for one would put my check towards my car loan. Some might payoff a credit card. Some, an extra mortgage payment. Others might take advantage of the low stock prices these days. But is that enough?

Long term capital gains taxes range from 0% to 20% depending on the amount of your investment. Instead of passing out checks, and putting us yet another trillion more in debt, wouldn't it make more sense for a 120 day 2% capital gains tax???

More complicated in figuring income tax by your tax preparer, or yourself? Perhaps However my belief is that investors are looking for the slightest sign of getting back into the market to take advantage of buy low-sell high. A huge reduction in taxes for 120 days (long enough for this virus hysteria to decrease) might give an extra incentive to invest money back into the market right now.

It's more than just the stock market, because if you sell your home at a profit, you get taxed on the capital gains. Such a move might help in new housing along with the market. The best part? No government Wall Street bailout as well.

You really don't have a clue about how the economy works.

 

[IM2]

So let's see Ray. Millions of people are about to go under because they will not be able to buy food or pay bills, but you want a tax cut on profits you made off something.

 

[Picaro]

Capital gains taxes are already so low they're lower than payroll taxes, despite all the noise to the contrary. Most people don't qualify for capital gains tax breaks. I might be more sympathetic if they were actually taking on the genuine company ownership risks, but they aren't, they have a built in stop-loss via the 'limited liability ' incorporation scam, which is a massive subsidy for stock and bond prices most labor and wage earners do not get.

The Founders reserved that limited liability break for very limited special cases, like railroads and canals, utilities, service companies that benefited the entire public, and they also limited the amount of profits those LL companies were allowed to make as well. Most 'libertarians', but not all, like to omit that part of the deals when they spout their usual propaganda; pretty much all of the 'conservatives' pretend the Founders never did any such thing. Some libertarians are honest and willing to admit the 'Corporate Personhood' scam should be abolished.

 

[Jackson]

I've never been a fan of capital gains tax in Canada. Tax on interest and dividends, ok, but why on share gains? You risk your capital in a company, it should be taxed minimally if at all.

Regardless, this stimulus should be paid for by China. Hit them with a real tariff and a broad one. Block trade of specific essential products from all nations and force manufacturing back to America (and Canada) of such critical productions.

It's amazing that nobody thought "hey, I wonder if shipping exports of life saving medication to a communist, authoritarian state might be a problem for us one day?" This is like Russia shipping oil to the Germans in the 1940's. It's only a matter of time before it comes back to haunt you.

I am really concerned about the manufacturing of our medical supplies are not made in America. We have to design a program where we can manufacture life saving medical supplies and medicine here without it costing citizens an arm and a leg.

There has to be a way where pharmaceuticals stay profitable and pay about the same wages without their outlandish profits. When the CEO's have 15 million dollar homes, somethings wrong. They should be rich, but there's even a limit to that.

 

[Jackson]

I'm not a Bernie fan...just the opposite...But when Bloomberg has so much money and Gates and others, anything over 1 billion dollars should be taxed at 50-60%. maybe even higher. That should go in to the government coffers and part back to the employees of the business.

 

[IM2]

I've never been a fan of capital gains tax in Canada. Tax on interest and dividends, ok, but why on share gains? You risk your capital in a company, it should be taxed minimally if at all.

Regardless, this stimulus should be paid for by China. Hit them with a real tariff and a broad one. Block trade of specific essential products from all nations and force manufacturing back to America (and Canada) of such critical productions.

It's amazing that nobody thought "hey, I wonder if shipping exports of life saving medication to a communist, authoritarian state might be a problem for us one day?" This is like Russia shipping oil to the Germans in the 1940's. It's only a matter of time before it comes back to haunt you.

I am really concerned about the manufacturing of our medical supplies are not made in America. We have to design a program where we can manufacture life saving medical supplies and medicine here without it costing citizens an arm and a leg.

There has to be a way where pharmaceuticals stay profitable and pay about the same wages without their outlandish profits. When the CEO's have 15 million dollar homes, somethings wrong. They should be rich, but there's even a limit to that.

No, we create a nationalized health care system. The pharmaceutical companies are employed by the government, which guarantees salaries and cover costs. That takes the greed out of the industry so they don't jack up prices to profit off of sickness and disease. The benefits of that is we will get something back for the taxes we pay besides an army.

 

[Jackson]

Bernie has three houses. Lets get him down to two. He makes his money from being a senator. Something I not right when the only job these politicians have are the Congress and they live in Beverly Hills...something is SERIOUSLY wrong, Maxine as in Waters....

 

[Jackson]

I've never been a fan of capital gains tax in Canada. Tax on interest and dividends, ok, but why on share gains? You risk your capital in a company, it should be taxed minimally if at all.

Regardless, this stimulus should be paid for by China. Hit them with a real tariff and a broad one. Block trade of specific essential products from all nations and force manufacturing back to America (and Canada) of such critical productions.

It's amazing that nobody thought "hey, I wonder if shipping exports of life saving medication to a communist, authoritarian state might be a problem for us one day?" This is like Russia shipping oil to the Germans in the 1940's. It's only a matter of time before it comes back to haunt you.

I am really concerned about the manufacturing of our medical supplies are not made in America. We have to design a program where we can manufacture life saving medical supplies and medicine here without it costing citizens an arm and a leg.

There has to be a way where pharmaceuticals stay profitable and pay about the same wages without their outlandish profits. When the CEO's have 15 million dollar homes, somethings wrong. They should be rich, but there's even a limit to that.

No, we create a nationalized health care system. The pharmaceutical companies are employed by the government, which guarantees salaries and cover costs. That takes the greed out of the industry so they don't jack up prices to profit off of sickness and disease. The benefits of that is we will get something back for the taxes we pay besides an army.

I would be for a nationalized health care if it was a good one. The new health care should be for everyone...including Congress!!! I have great insurance and I don't want to give it up unless the national one is as good as mine or better.

 

[IM2]

Bernie has three houses. Lets get him down to two. He makes his money from being a senator. Something I not right when the only job these politicians have are the Congress and they live in Beverly Hills...something is SERIOUSLY wrong, Maxine as in Waters....

Maxine is married to a former pro football player who got a job selling Mercedes Benzs' when he retired from football. Perhaps he's a multi millionaire maybe?

 

[Jackson]

How did Bloomberg make his money?