Under the Democrat proposal the combined federal-state capital gains tax rate will exceed 40% in Many States

[Dogmaphobe]

Democrats want to return us to the economics of the Carter years.

Does anybody recall the unemployment rates back then?

 

[pknopp]

Democrats want to return us to the economics of the Carter years.

Does anybody recall the unemployment rates back then?

Wait until the bill comes due if you want to see high unemployment.

 

[WEATHER53]

Punish the industrious for being wise and taking disciplined risk and throw it away on deadbeats and vote buying

 

[Dorian Mode]

Agreed!! Also, bringing back manufacturing jobs to the US will increase tax revenue.

During my MBA we had a course in Game Theory that was actually very interesting. One of the discussions was on how to resist the race to the bottom and look for ways to change the game to get to and stay on top. This global race to the bottom with wages to produce ever cheaper and inferior products is not benefitting anyone, yet everyone seems to be playing that game. We are being stupid with human resources when we should be dominating the world in everything, not just manufacturing.

 

[Dont Taz Me Bro]

Fine, but if you do the math, having very little income means very little tax revenue.

I'm just making a point. What we should be doing is cut spending across the board and the federal government should live within its scope and means, but if we're going to raise taxes to pay for the war, everyone should pay as everyone benefits from the elimination of the Iranian regime.

 

[Dont Taz Me Bro]

The rich should pay more than the poor.

Don't they?

 

[pknopp]

I'm just making a point. What we should be doing is cut spending across the board and the federal government should live within its scope and means, but if we're going to raise taxes to pay for the war, everyone should pay as everyone benefits from the elimination of the Iranian regime.

We are not benefitting. The "regime" is going nowhere. You want war? You pay for it.

 

[pknopp]

Don't they?

Not to where we are addressing the debt. But that is the argument here. Glad you agree.

 

[Dont Taz Me Bro]

We are not benefitting. The "regime" is going nowhere. You want war? You pay for it.

And you know this because you have a crystal ball?

 

[Independent thinker]

I never wanted to spend a penny but you are fully aware of that but you now just have to lash out to try and appease your hypocrisy.

You are the one who started it. I was just finishing it.

 

[pknopp]

And you know this because you have a crystal ball?

Taliban says hi.

 

[Dont Taz Me Bro]

Taliban says hi.

So you can't see the future. Glad you agree.

 

[pknopp]

So you can't see the future. Glad you agree.

MSN

 

[sartre play]

"Dems to Propose Highest Capital Gains Tax Rate Since 1978
Democrats just cannot stop raising taxes.

Their latest proposal would increase the top capital gains tax rate to 35.8% from the current 23.8%. This would impose the highest capital gains tax since 1978, the stagnant Jimmy Carter era.

See the chart below:

A 35.8% capital gains tax rate would saddle the USA with a much higher burden than our competitors.

China has a 20% rate.

The European average capital gains tax is 17.9%.

Under the Democrat proposal, to be introduced by Sen. Chris Van Hollen (D-Md.) the combined federal-state capital gains tax rate will exceed 40% in many states."

Dems to Propose Highest Capital Gains Tax Rate Since 1978 - Americans for Tax Reform

Democrats just cannot stop raising taxes.

atr.org

Republicans are bad enough, but Democrats are insane. How about cutting spending and gov't waste?

Capital gains tax effects, usually come from the higher earner. buying & selling early.
things like long term investment like your house. IRAs 4O1ks lower & rated on income.

"Dems to Propose Highest Capital Gains Tax Rate Since 1978
Democrats just cannot stop raising taxes.

Their latest proposal would increase the top capital gains tax rate to 35.8% from the current 23.8%. This would impose the highest capital gains tax since 1978, the stagnant Jimmy Carter era.

See the chart below:

A 35.8% capital gains tax rate would saddle the USA with a much higher burden than our competitors.

China has a 20% rate.

The European average capital gains tax is 17.9%.

Under the Democrat proposal, to be introduced by Sen. Chris Van Hollen (D-Md.) the combined federal-state capital gains tax rate will exceed 40% in many states."

Dems to Propose Highest Capital Gains Tax Rate Since 1978 - Americans for Tax Reform

Democrats just cannot stop raising taxes.

atr.org

Republicans are bad enough, but Democrats are insane. How about cutting spending and gov't waste?

Have to check more on the tax rate.
CAPITAL GAINS Tax effects Usually come from the higher earner.
Who buy and sell early.
Things like long term investment, like your HOUSE- IRAs 401ks go at a lower rate
or no tax depending on your income.

 

[sartre play]

The rich should pay more than the poor.

They sure should not pay less.

 

[sartre play]

I'm just making a point. What we should be doing is cut spending across the board and the federal government should live within its scope and means, but if we're going to raise taxes to pay for the war, everyone should pay as everyone benefits from the elimination of the Iranian regime.

Do not support IRAN. but has to be a better way than a Billion dollar a day war,
That so far do not see the general population involved very much like the last twenty year war we lost.
Hope am wrong and those who want freedom stand up & fight.

 

[DonGlock26]

During my MBA we had a course in Game Theory that was actually very interesting. One of the discussions was on how to resist the race to the bottom and look for ways to change the game to get to and stay on top. This global race to the bottom with wages to produce ever cheaper and inferior products is not benefitting anyone, yet everyone seems to be playing that game. We are being stupid with human resources when we should be dominating the world in everything, not just manufacturing.

The corporations' leadership have profited, and they don't really care about anyone else.

 

[Dorian Mode]

I'm just making a point. What we should be doing is cut spending across the board and the federal government should live within its scope and means, but if we're going to raise taxes to pay for the war, everyone should pay as everyone benefits from the elimination of the Iranian regime.

I agree. The federal government has become so bloated with so many pork projects from both sides. Learing Centers everywhere. The people who decide the federal budget should be 100% independent from congress. Congress should live paycheck to paycheck to better understand the people they should be working for.

 

[WEATHER53]

Don't they?

By a factor of 10X

 

[Doc7505]

And because Dems want to tax unrealized capital gains, say goodbye to your retirement funds, or any property you may inherit. You’ll have to sell them to pay the capital gains taxes the Dems want to charge you.

<~~~~~~~~~~>
Indeed, Democrats have been eyeing retirement funds and inheritance of property for decades.
There's nothing new about this envious Democrat grab.
In the 1990s, the debate among Democrats regarding capital gains and inheritance taxes was characterized by a push for tax fairness.
Indexing and Reform: In 1992, House Ways and Means Chairman Dan Rostenkowski (D-IL) introduced a proposal supported by many Democrats that favored indexing capital gains to inflation (so taxes were not paid on purely inflationary gains) rather than just lowering the rate.
1997 Taxpayer Relief Act: Contrary to some proposals to raise rates, the 1997 budget deal signed by President Clinton ultimately lowered the top capital gains tax rate from 28% to 20%.