"Bruce" wrote in message
...
nom=de=plume wrote:
wrote in message
...

On Thu, 21 Jan 2010 06:42:08 -0500, wrote:


capital gains tax was 38% when reagan took office. when bush left
they
were 15%

when's the last time the MIDDLE CLASS got a 50% tax cut?




BTW the capital gains reduction from 39% to 28% was in 1979 (Carter)


It dropped to 20% in 1997 (Clinton) and Bush took it to 15%

The GOP contribution to your 50% tax cut was 10% of it.

uh...no. the GOP controlled the congress under clinton. so they
forced the 30% reduction from 39 to 28. right before they impeached
clinton.

So we can blame the last 2 years of Bush on the Democrats?



There was a one year period of 20% during the Reagan administration
but it was back to 38% when he left.
That is not exactly what you posted or what you implied.

it seems you got it just a bit wrong...

Not so much Who said Reagan dropped the 38% ? (it was in the Carter
administration)


If they repeal this and allow the cap gains tax to rise, expect a big
"correction" in the market as people cash in their profits before the
tax kicks in. Too bad if your money is in a 401k and you can't get out
but I guess we have already seen that happen recently.

of course this is bull****. there' so much money to be stolen by the
rich they won't do anything.

I agree the rich are getting richer but if you make less than $65,000
you get the best deal on capital gains. (5%)



And, you have less money to begin with, thus your "best deal" isn't so
great. Let's say you claim $10K in capital gains and pay 5%. Your net is
$9500. Cool. Now, let's say you claim $100K in capital gains and pay 20%
(just for fun). Your net is $80K. So, looking at it in actual dollars,
which
is the "better deal" or rather, which one would you rather have?


It's a measure of success.


Yes, it's a measure of financial success. Your point? "Getting the best
deal" doesn't mean actually making a lot of money.


--
Nom=de=Plume

nom=de=plume wrote:
wrote in message
...

nom=de=plume wrote:

wrote in message
...


On Thu, 21 Jan 2010 06:42:08 -0500, wrote:



capital gains tax was 38% when reagan took office. when bush left
they
were 15%

when's the last time the MIDDLE CLASS got a 50% tax cut?





BTW the capital gains reduction from 39% to 28% was in 1979 (Carter)



It dropped to 20% in 1997 (Clinton) and Bush took it to 15%

The GOP contribution to your 50% tax cut was 10% of it.


uh...no. the GOP controlled the congress under clinton. so they
forced the 30% reduction from 39 to 28. right before they impeached
clinton.


So we can blame the last 2 years of Bush on the Democrats?




There was a one year period of 20% during the Reagan administration
but it was back to 38% when he left.
That is not exactly what you posted or what you implied.


it seems you got it just a bit wrong...


Not so much Who said Reagan dropped the 38% ? (it was in the Carter
administration)



If they repeal this and allow the cap gains tax to rise, expect a big
"correction" in the market as people cash in their profits before the
tax kicks in. Too bad if your money is in a 401k and you can't get out
but I guess we have already seen that happen recently.


of course this is bull****. there' so much money to be stolen by the
rich they won't do anything.


I agree the rich are getting richer but if you make less than $65,000
you get the best deal on capital gains. (5%)



And, you have less money to begin with, thus your "best deal" isn't so
great. Let's say you claim $10K in capital gains and pay 5%. Your net is
$9500. Cool. Now, let's say you claim $100K in capital gains and pay 20%
(just for fun). Your net is $80K. So, looking at it in actual dollars,
which
is the "better deal" or rather, which one would you rather have?



It's a measure of success.


Yes, it's a measure of financial success. Your point? "Getting the best
deal" doesn't mean actually making a lot of money.



It doesn't mean you make less - using your example.

"Bruce" wrote in message
...
nom=de=plume wrote:
wrote in message
...

nom=de=plume wrote:

wrote in message
...


On Thu, 21 Jan 2010 06:42:08 -0500,
wrote:



capital gains tax was 38% when reagan took office. when bush left
they
were 15%

when's the last time the MIDDLE CLASS got a 50% tax cut?





BTW the capital gains reduction from 39% to 28% was in 1979 (Carter)



It dropped to 20% in 1997 (Clinton) and Bush took it to 15%

The GOP contribution to your 50% tax cut was 10% of it.


uh...no. the GOP controlled the congress under clinton. so they
forced the 30% reduction from 39 to 28. right before they impeached
clinton.


So we can blame the last 2 years of Bush on the Democrats?




There was a one year period of 20% during the Reagan administration
but it was back to 38% when he left.
That is not exactly what you posted or what you implied.


it seems you got it just a bit wrong...


Not so much Who said Reagan dropped the 38% ? (it was in the Carter
administration)



If they repeal this and allow the cap gains tax to rise, expect a
big
"correction" in the market as people cash in their profits before
the
tax kicks in. Too bad if your money is in a 401k and you can't get
out
but I guess we have already seen that happen recently.


of course this is bull****. there' so much money to be stolen by the
rich they won't do anything.


I agree the rich are getting richer but if you make less than $65,000
you get the best deal on capital gains. (5%)



And, you have less money to begin with, thus your "best deal" isn't so
great. Let's say you claim $10K in capital gains and pay 5%. Your net
is
$9500. Cool. Now, let's say you claim $100K in capital gains and pay
20%
(just for fun). Your net is $80K. So, looking at it in actual dollars,
which
is the "better deal" or rather, which one would you rather have?



It's a measure of success.


Yes, it's a measure of financial success. Your point? "Getting the best
deal" doesn't mean actually making a lot of money.



It doesn't mean you make less - using your example.


It means exactly that. $9500 vs. $80K? Is that a difficult comparison for
you? Which would you pick?

--
Nom=de=Plume

nom=de=plume wrote:
wrote in message
...

nom=de=plume wrote:

wrote in message
...


nom=de=plume wrote:


wrote in message
...



On Thu, 21 Jan 2010 06:42:08 -0500,
wrote:




capital gains tax was 38% when reagan took office. when bush left
they
were 15%

when's the last time the MIDDLE CLASS got a 50% tax cut?






BTW the capital gains reduction from 39% to 28% was in 1979 (Carter)




It dropped to 20% in 1997 (Clinton) and Bush took it to 15%

The GOP contribution to your 50% tax cut was 10% of it.



uh...no. the GOP controlled the congress under clinton. so they
forced the 30% reduction from 39 to 28. right before they impeached
clinton.



So we can blame the last 2 years of Bush on the Democrats?





There was a one year period of 20% during the Reagan administration
but it was back to 38% when he left.
That is not exactly what you posted or what you implied.



it seems you got it just a bit wrong...



Not so much Who said Reagan dropped the 38% ? (it was in the Carter
administration)




If they repeal this and allow the cap gains tax to rise, expect a
big
"correction" in the market as people cash in their profits before
the
tax kicks in. Too bad if your money is in a 401k and you can't get
out
but I guess we have already seen that happen recently.



of course this is bull****. there' so much money to be stolen by the
rich they won't do anything.



I agree the rich are getting richer but if you make less than $65,000
you get the best deal on capital gains. (5%)




And, you have less money to begin with, thus your "best deal" isn't so
great. Let's say you claim $10K in capital gains and pay 5%. Your net
is
$9500. Cool. Now, let's say you claim $100K in capital gains and pay
20%
(just for fun). Your net is $80K. So, looking at it in actual dollars,
which
is the "better deal" or rather, which one would you rather have?




It's a measure of success.


Yes, it's a measure of financial success. Your point? "Getting the best
deal" doesn't mean actually making a lot of money.




It doesn't mean you make less - using your example.


It means exactly that. $9500 vs. $80K? Is that a difficult comparison for
you? Which would you pick?


As a percentage. It's relative. The two individuals in your scenario
don't have the option to "pick".

"Bruce" wrote in message
...
nom=de=plume wrote:
wrote in message
...

nom=de=plume wrote:

wrote in message
...


nom=de=plume wrote:


wrote in message
...



On Thu, 21 Jan 2010 06:42:08 -0500,
wrote:




capital gains tax was 38% when reagan took office. when bush
left
they
were 15%

when's the last time the MIDDLE CLASS got a 50% tax cut?






BTW the capital gains reduction from 39% to 28% was in 1979
(Carter)




It dropped to 20% in 1997 (Clinton) and Bush took it to 15%

The GOP contribution to your 50% tax cut was 10% of it.



uh...no. the GOP controlled the congress under clinton. so they
forced the 30% reduction from 39 to 28. right before they impeached
clinton.



So we can blame the last 2 years of Bush on the Democrats?





There was a one year period of 20% during the Reagan
administration
but it was back to 38% when he left.
That is not exactly what you posted or what you implied.



it seems you got it just a bit wrong...



Not so much Who said Reagan dropped the 38% ? (it was in the Carter
administration)




If they repeal this and allow the cap gains tax to rise, expect a
big
"correction" in the market as people cash in their profits before
the
tax kicks in. Too bad if your money is in a 401k and you can't get
out
but I guess we have already seen that happen recently.



of course this is bull****. there' so much money to be stolen by
the
rich they won't do anything.



I agree the rich are getting richer but if you make less than
$65,000
you get the best deal on capital gains. (5%)




And, you have less money to begin with, thus your "best deal" isn't
so
great. Let's say you claim $10K in capital gains and pay 5%. Your net
is
$9500. Cool. Now, let's say you claim $100K in capital gains and pay
20%
(just for fun). Your net is $80K. So, looking at it in actual
dollars,
which
is the "better deal" or rather, which one would you rather have?




It's a measure of success.


Yes, it's a measure of financial success. Your point? "Getting the best
deal" doesn't mean actually making a lot of money.




It doesn't mean you make less - using your example.


It means exactly that. $9500 vs. $80K? Is that a difficult comparison for
you? Which would you pick?


As a percentage. It's relative. The two individuals in your scenario
don't have the option to "pick".


No... really? Yes, as a percentage...

If you could chose your situation was the question. duhhh...

--
Nom=de=Plume

nom=de=plume wrote:
wrote in message
...

nom=de=plume wrote:

wrote in message
...


nom=de=plume wrote:


wrote in message
...



nom=de=plume wrote:



wrote in message
...




On Thu, 21 Jan 2010 06:42:08 -0500,
wrote:





capital gains tax was 38% when reagan took office. when bush
left
they
were 15%

when's the last time the MIDDLE CLASS got a 50% tax cut?







BTW the capital gains reduction from 39% to 28% was in 1979
(Carter)





It dropped to 20% in 1997 (Clinton) and Bush took it to 15%

The GOP contribution to your 50% tax cut was 10% of it.




uh...no. the GOP controlled the congress under clinton. so they
forced the 30% reduction from 39 to 28. right before they impeached
clinton.




So we can blame the last 2 years of Bush on the Democrats?






There was a one year period of 20% during the Reagan
administration
but it was back to 38% when he left.
That is not exactly what you posted or what you implied.




it seems you got it just a bit wrong...




Not so much Who said Reagan dropped the 38% ? (it was in the Carter
administration)





If they repeal this and allow the cap gains tax to rise, expect a
big
"correction" in the market as people cash in their profits before
the
tax kicks in. Too bad if your money is in a 401k and you can't get
out
but I guess we have already seen that happen recently.




of course this is bull****. there' so much money to be stolen by
the
rich they won't do anything.




I agree the rich are getting richer but if you make less than
$65,000
you get the best deal on capital gains. (5%)





And, you have less money to begin with, thus your "best deal" isn't
so
great. Let's say you claim $10K in capital gains and pay 5%. Your net
is
$9500. Cool. Now, let's say you claim $100K in capital gains and pay
20%
(just for fun). Your net is $80K. So, looking at it in actual
dollars,
which
is the "better deal" or rather, which one would you rather have?





It's a measure of success.



Yes, it's a measure of financial success. Your point? "Getting the best
deal" doesn't mean actually making a lot of money.





It doesn't mean you make less - using your example.


It means exactly that. $9500 vs. $80K? Is that a difficult comparison for
you? Which would you pick?



As a percentage. It's relative. The two individuals in your scenario
don't have the option to "pick".


No... really? Yes, as a percentage...

If you could chose your situation was the question. duhhh...


That's a pointless question - duhhh.