How about a capital gains tax cut stimulus?

[Brain357]

I’m trying to figure out the benefit of reduction in capital gains tax when the market is down 20%.

I mean, right now, who is actually worried about a tax when there are no gains?

Because most everybody knows the history of the markets. This virus is likely to be temporary. When it blows over, the market is going to head up to it's pre-virus levels. People are just trying to evaluate when the best entry point is.

If we had a huge tax break for the next 120 days, people would be less likely to pull out, or more anxious to get back into the game because they know that sometime soon, the market is going back up.

Your thinking seems confused.

 

[Ray From Cleveland]

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.

There is never anything good about turning more Americans into government dependents. It's the exact opposite of what our founders created.

 

[Aldo Raine]

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.

Or anything else.

 

[Ray From Cleveland]

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.

So if we did that, why would any person make over 1 billion dollars? A new iPhone comes out that has features everybody wants. They only make so many because Apple has to stay under that 1 billion mark. Now you can't get one of these phones for yourself. What did you solve?

 

[HappyJoy]

I’m trying to figure out the benefit of reduction in capital gains tax when the market is down 20%.

I mean, right now, who is actually worried about a tax when there are no gains?

Yep. I just shed a lot of stock,

I’m trying to figure out the benefit of reduction in capital gains tax when the market is down 20%.

I mean, right now, who is actually worried about a tax when there are no gains?

Because most everybody knows the history of the markets. This virus is likely to be temporary. When it blows over, the market is going to head up to it's pre-virus levels. People are just trying to evaluate when the best entry point is.

If we had a huge tax break for the next 120 days, people would be less likely to pull out, or more anxious to get back into the game because they know that sometime soon, the market is going back up.

Next comes the inevitable recession. I'd much rather give money to those who need it and not those who have the option of immediately buying back into the stock market. Why do I want to give a bunch of day traders a tax cut?

 

[Ray From Cleveland]

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.

What I want is a market more stabilized so people still have a reason to stay or get into the market. Giving everybody a $1,000 check isn't going to do much in my opinion, plus it will put the country one trillion more dollars in debt.

 

[HappyJoy]

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.

What I want is a market more stabilized so people still have a reason to stay or get into the market. Giving everybody a $1,000 check isn't going to do much in my opinion, plus it will put the country one trillion more dollars in debt.

So, you want them to forgo food and buy stocks instead? Why tax breaks that over half the population and those in need the most won't be able to take advantage of?

 

[Brain357]

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.

What I want is a market more stabilized so people still have a reason to stay or get into the market. Giving everybody a $1,000 check isn't going to do much in my opinion, plus it will put the country one trillion more dollars in debt.

Neither will a capital gains tax cut.

 

[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.

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

That's what you think all truck drivers do, deliver groceries to stores?

 

[Desperado]

Americans First - Make China pay for the economic distress caused by their Wuhan Chinese Virus. Use the $1.17 trillion which America owes China to offset the American losses

 

[g5000]

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?

A lot of people will use it for food and rent and utilities.

People are losing jobs, man.

 

[Ray From Cleveland]

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.

When people lose their job, they go on unemployment. Our state wavered the two week waiting period so people receive their first check much sooner than normal.

 

[Brain357]

Americans First - Make China pay for the economic distress caused by their Wuhan Chinese Virus. Use the $1.17 trillion which America owes China to offset the American losses

We need them to buy our debt. How dumb are you?

 

[HappyJoy]

Americans First - Make China pay for the economic distress caused by their Wuhan Chinese Virus. Use the $1.17 trillion which America owes China to offset the American losses

That makes no sense. I guess you don't like Capitalism.

 

[Desperado]

Americans First - Make China pay for the economic distress caused by their Wuhan Chinese Virus. Use the $1.17 trillion which America owes China to offset the American losses

That makes no sense. I guess you don't like Capitalism.

make no sense if you love China more than America.

 

[IM2]

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.

I believe a plan could be made that would allow people to keep their plan if they want to. I would think congress would already be included in the plan.

When Obama care was passed, Congress had a waiver where they didn't have to give up their Cadillac plan. None of that shite again. They draw up the plan, then they should follow it too.

Tell that to the republicans who blocked the public option which would have given Americans the same options congress has when enrolling for insurance.

I blame ALL of Congress, not just one side.

You can only blame the people in congress who are the actual problem.

 

[HappyJoy]

Americans First - Make China pay for the economic distress caused by their Wuhan Chinese Virus. Use the $1.17 trillion which America owes China to offset the American losses

That makes no sense. I guess you don't like Capitalism.

make no sense if you love China more than America.

Sure, let;s go ahead and fuck up the economy some more.

If I love China more than America? You fucking idiot.

 

[g5000]

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.

When people lose their job, they go on unemployment. Our state wavered the two week waiting period so people receive their first check much sooner than normal.

Unemployment is not enough for rent, food, and utilities.

 

[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?

A lot of people will use it for food and rent and utilities.

People are losing jobs, man.

So that helps them out for how long, one month? That's worth going another trillion in the hole?

 

[g5000]

What America needs right now is another tax break for rich people so they don't end up homeless...

The Dow is down 9,000 points. Therefore, we really need to help the rich reap those capital gains to get us through this period of economic stress!