how much money do you have in your IRA that you pay capital gains tax? ...
You realize that if a capital gains tax hike makes stock prices go down, stocks in IRAs go down.
Wait a minute ... capital gains is taxed when the asset is liquidated ... why are you investing in companies that are being liquidated? ... God, I hope you have an investment manager ...
Companies typically roll over capital gains ... there's several ways to do this ... the only time capital gains would be taken out of the company is if the shareholders voted for a cash payment ... and either pay 20% capital gains tax or 20% dividend tax ... not both ...
The poster that started this already admitted he's some Middle Class slob ... so in every way, he'd be better off paying straight income tax of 15% on this ... capital gains tax is for the Rich so they don't have to pay the 38% income tax rate ...
In general, share prices depend on dividend payments ... so there's nothing about a rarely used tax rate that would change these payments ... IBM sell a factory, they'll just invest in another factory ... they don't go out buying TV's and airplanes with the money ... sheesh ...
Wait a minute ... capital gains is taxed when the asset is liquidated ... why are you investing in companies that are being liquidated? ...
When I sell shares of Microsoft, the company isn't being liquidated.
Companies typically roll over capital gains ... there's several ways to do this ... the only time capital gains would be taken out of the company is if the shareholders voted for a cash payment ..
Ummmmm......if I buy a share at $50 and sell at $100, that has nothing to do with the company "rolling over capital gains" or a "shareholder vote".
In general, share prices depend on dividend payments
And future growth and earnings. And tax rates. And morons adding regulations.
... so there's nothing about a rarely used tax rate that would change these payments ...
Rarely used? Then why does dopey Joe want to hike the rate to 40%?
If you could sell your shares today and keep 80% of your gains or sell
them in 2021 and keep 60% of your gains, what are you more likely to do?
God, I hope you have an investment manager ...
Based on what you've shown here, I hope you have nothing more
complicated than a mutual fund.
Horsefeathers ... you buy $400,000 worth of stock, then sell at $800,000 ... you don't pay
any taxes ... see instructions for the 1040, qualified dividend and capital gains tax worksheet, line 15 ... yes, I contacted a tax professional about this ... it's as real as real gets ... you're just another Middle Class slob who shouldn't be commenting on high finance ... and this is only if you use the money to buy comsumer goods like an airplane for personal use ... those options for rolling over the gain is available to you as well ...
Ah ... you must earn over a million a year to be worried about the hike in capital gains taxes ... and that would be the
normal income tax rate of 37% ... did you know we've added $25 trillion in debt since George XLIII dropped the cap gains rate from 25% to 15%? ... and still you whine about a tax rate you'll never pay ... if tax breaks for the Rich work, we wouldn't be in this deep of debt ...
Yes yes yes ... I know ... without a massive tax hike on the Middle Class ... the debt won't get paid ... or hyperinflation is the typical result ... just raising taxes on the Rich isn't enough money to run government ...
I will admit being a little weak on IRA's ... the $50 you bought Microsoft with wasn't taxed at all if you're playing by the rules ... you sell for $100, then you pay income taxes on the
entire $100 ... plus a 10% penalty if you're not 59-1/2 years-old yet ... or perhaps you're not clear on the claim I was responding to ... that making the Rich pay regular
personnel income tax rates on moneys they draw out of their IRA somehow effect the values of some Middle Class slob's IRA ...
What kind of moron makes over a million a year and then relies on an IRA for retirement? ... just another Middle Class slob who shouldn't be commenting on high finance ...