Tax wealth not income

[Rambunctious]

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!

 

[Cassandro]

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?

 

[Valerie]

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!

 

[beretta304]

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!

What's the saying...something like the only thing one can count on is death and taxes.

 

[Cassandro]

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!

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.

 

[Valerie]

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!

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.

Yes, it is not considered a taxable capital gain until the year you sell and incur the gain.

 

[Dante]

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!

******* idiot! 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

 

[GoneBezerk]

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.

 

[GoneBezerk]

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.

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!

******* idiot! 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

 

[LeftofLeft]

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

 

[JustTheFacts]

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!

How does that work? You just have ONE tax collection , or do you intend to retax the same money each year?

Dumb idea is dumb

A better idea is to tax all sales. You buy it, you pay a sales tax, NO exceptions , no exemptions. Quite obviously the rich purchase more than the poor and so would Spend more than the poor.

Last year Americans spent $10.7T . The federal budget has been averaging around $3.7T.

National sales tax of 20% give you $2.14T. I'm fairly certain we can make enough cuts to make that work.

And that puts more money back in every tax payers pocket.

but it won't ever happen b/c no one really cares about doing the right thing.

 

[beretta304]

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!

How does that work? You just have ONE tax collection , or do you intend to retax the same money each year?

Dumb idea is dumb

A better idea is to tax all sales. You buy it, you pay a sales tax, NO exceptions , no exemptions. Quite obviously the rich purchase more than the poor and so would Spend more than the poor.

Last year Americans spent $10.7T . The federal budget has been averaging around $3.7T.

National sales tax of 20% give you $2.14T. I'm fairly certain we can make enough cuts to make that work.

And that puts more money back in every tax payers pocket.

but it won't ever happen b/c no one really cares about doing the right thing.

Boy did you say a mouthful.

 

[GoneBezerk]

Most idiot Democrap voters believe when obamination and his fellow goons go on TV talking about taxing "rich" people on their earned INCOME....that means rich people living in $30M homes in Beverly Hills, that don't have a job because they will never need a job again.

Uh, obamination is calling rich people that are good lawyers, businessmen, doctors, etc that make $250,000 or more and will NEVER be able to live in Beverly Hills thanks to obamination and his goons taxing them while protecting the real rich hiding behind him with political donations.

The billionaires that support Democraps won't pay INCOME taxes like Joe Schmoe working his ass off and making $400,000 opening stores in a few states. This is the inside joke among Democraps in charge....

 

[JustTheFacts]

Most idiot Democrap voters believe when obamination and his fellow goons go on TV talking about taxing "rich" people on their earned INCOME....that means rich people living in $30M homes in Beverly Hills, that don't have a job because they will never need a job again.

Uh, obamination is calling rich people that are good lawyers, businessmen, doctors, etc that make $250,000 or more and will NEVER be able to live in Beverly Hills thanks to obamination and his goons taxing them while protecting the real rich hiding behind him with political donations.

The billionaires that support Democraps won't pay INCOME taxes like Joe Schmoe working his ass off and making $400,000 opening stores in a few states. This is the inside joke among Democraps in charge....

Too bad you're not intelligent enough to see the hypocrisy in you calling anyone dumb.

It's actually STUNNING that you have the unmitigated gall to do so.

 

[Cassandro]

Most idiot Democrap voters believe when obamination and his fellow goons go on TV talking about taxing "rich" people on their earned INCOME....that means rich people living in $30M homes in Beverly Hills, that don't have a job because they will never need a job again.

Uh, obamination is calling rich people that are good lawyers, businessmen, doctors, etc that make $250,000 or more and will NEVER be able to live in Beverly Hills thanks to obamination and his goons taxing them while protecting the real rich hiding behind him with political donations.

The billionaires that support Democraps won't pay INCOME taxes like Joe Schmoe working his ass off and making $400,000 opening stores in a few states. This is the inside joke among Democraps in charge....

Too bad you're not intelligent enough to see the hypocrisy in you calling anyone dumb.

It's actually STUNNING that you have the unmitigated gall to do so.

What is stunning is the complete absence of substance in your remarks.

 

[GoneBezerk]

Asswipe....billionaires without a job are paying taxes on earned interest/capital gains if that after loopholes and tax shelters.

The schmuck that earn $400,000 via a paycheck is the one being targeted by liberal scum like you.

If you assholes are going to talk about making the rich pay well you are going after the wrong rich when billionaires like Buffet escape the crosshairs with very little damage from the IRS compared to someone having 100% of their income which makes them so-called "rich" under attack by obamination.

Now, go **** yourself.

Most idiot Democrap voters believe when obamination and his fellow goons go on TV talking about taxing "rich" people on their earned INCOME....that means rich people living in $30M homes in Beverly Hills, that don't have a job because they will never need a job again.

Uh, obamination is calling rich people that are good lawyers, businessmen, doctors, etc that make $250,000 or more and will NEVER be able to live in Beverly Hills thanks to obamination and his goons taxing them while protecting the real rich hiding behind him with political donations.

The billionaires that support Democraps won't pay INCOME taxes like Joe Schmoe working his ass off and making $400,000 opening stores in a few states. This is the inside joke among Democraps in charge....

Too bad you're not intelligent enough to see the hypocrisy in you calling anyone dumb.

It's actually STUNNING that you have the unmitigated gall to do so.

 

[Dante]

....you're claiming...

claiming nothing but that I support going after wealth.

how do you get through life being this slow on the uptake?

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!

******* idiot! 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

 

[GoneBezerk]

It pretends to be smart by slinging some insults that we're dumb.

He is the piece of shit that would have a F in the class but sits in the back of the room talking shit as if he is some bored genius.

Most idiot Democrap voters believe when obamination and his fellow goons go on TV talking about taxing "rich" people on their earned INCOME....that means rich people living in $30M homes in Beverly Hills, that don't have a job because they will never need a job again.

Uh, obamination is calling rich people that are good lawyers, businessmen, doctors, etc that make $250,000 or more and will NEVER be able to live in Beverly Hills thanks to obamination and his goons taxing them while protecting the real rich hiding behind him with political donations.

The billionaires that support Democraps won't pay INCOME taxes like Joe Schmoe working his ass off and making $400,000 opening stores in a few states. This is the inside joke among Democraps in charge....

Too bad you're not intelligent enough to see the hypocrisy in you calling anyone dumb.

It's actually STUNNING that you have the unmitigated gall to do so.

What is stunning is the complete absence of substance in your remarks.

 

[Dante]

Most idiot Democrap voters believe when obamination and his fellow goons go on TV talking about taxing "rich" people on their earned INCOME....that means rich people living in $30M homes in Beverly Hills, that don't have a job because they will never need a job again.

Uh, obamination is calling rich people that are good lawyers, businessmen, doctors, etc that make $250,000 or more and will NEVER be able to live in Beverly Hills thanks to obamination and his goons taxing them while protecting the real rich hiding behind him with political donations.

The billionaires that support Democraps won't pay INCOME taxes like Joe Schmoe working his ass off and making $400,000 opening stores in a few states. This is the inside joke among Democraps in charge....

Too bad you're not intelligent enough to see the hypocrisy in you calling anyone dumb.

It's actually STUNNING that you have the unmitigated gall to do so.

What is stunning is the complete absence of substance in your remarks.

Is there a anyone with a mirror in the house?

 

[beretta304]

Asswipe....billionaires without a job are paying taxes on earned interest/capital gains if that after loopholes and tax shelters.

The schmuck that earn $400,000 via a paycheck is the one being targeted by liberal scum like you.

If you assholes are going to talk about making the rich pay well you are going after the wrong rich when billionaires like Buffet escape the crosshairs with very little damage from the IRS compared to someone having 100% of their income which makes them so-called "rich" under attack by obamination.

Now, go **** yourself.

Most idiot Democrap voters believe when obamination and his fellow goons go on TV talking about taxing "rich" people on their earned INCOME....that means rich people living in $30M homes in Beverly Hills, that don't have a job because they will never need a job again.

Uh, obamination is calling rich people that are good lawyers, businessmen, doctors, etc that make $250,000 or more and will NEVER be able to live in Beverly Hills thanks to obamination and his goons taxing them while protecting the real rich hiding behind him with political donations.

The billionaires that support Democraps won't pay INCOME taxes like Joe Schmoe working his ass off and making $400,000 opening stores in a few states. This is the inside joke among Democraps in charge....

Too bad you're not intelligent enough to see the hypocrisy in you calling anyone dumb.

It's actually STUNNING that you have the unmitigated gall to do so.

One thing is for sure, Romney was much like Buffett tax-wise that is and they villified him but Buffett is their hero as he laughs at them all the way to the bank.



Hypocrisy they name is the left/progressivism.