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#72
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posted to rec.boats
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On 11/24/11 11:32 PM, wrote:
On Thu, 24 Nov 2011 21:59:37 -0500, wrote: On Thu, 24 Nov 2011 11:56:31 -0500, wrote: On Thu, 24 Nov 2011 00:52:05 -0500, wrote: you're ignoring the whole point to the difference between tax rates and marginal tax rates. middle class tax rates are 28%. that is a fact. What is the effective tax rate? (What you actually pay) I showed you it is 12% or less for a couple ,making $100,000. the effective tax rate depends on ALOT of factors, many of which the right wants to elmiinate for the middle class in favor of cutting taxes for the wealthy. aint no right winger talking about eliminating middle class taxes like they are capital gains Some of us actually invested our money and like lower capital gains taxes. I think a slightly lower tax rate on *long-term* capital gains encourages investment and I favor it. I think short-term capital gains should be taxed at a much, much higher rate in order to discourage speculation. There are societal reasons to encourage long-term investments and very few to encourage speculators. |
#73
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posted to rec.boats
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On Fri, 25 Nov 2011 07:50:46 -0500, X ` Man
wrote: I think a slightly lower tax rate on *long-term* capital gains encourages investment and I favor it actually there's evidence this is incorrecct. first, we did that. long term capital gains were once MUCH higher (over 70%) than they are now; even under clinton they were double what they are now. under bush capital gains were lowered by almost 50%. we LOST jobs. 2nd, a recent paper detailed he http://motherjones.com/kevin-drum/20...fer-curve-rich finds we could raise marginal tax rates on high earners to over 70% before we'd lower investment i think we have to go with the EVIDENCE. |
#74
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posted to rec.boats
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On 11/25/2011 7:50 AM, X ` Man wrote:
On 11/24/11 11:32 PM, wrote: On Thu, 24 Nov 2011 21:59:37 -0500, wrote: On Thu, 24 Nov 2011 11:56:31 -0500, wrote: On Thu, 24 Nov 2011 00:52:05 -0500, wrote: you're ignoring the whole point to the difference between tax rates and marginal tax rates. middle class tax rates are 28%. that is a fact. What is the effective tax rate? (What you actually pay) I showed you it is 12% or less for a couple ,making $100,000. the effective tax rate depends on ALOT of factors, many of which the right wants to elmiinate for the middle class in favor of cutting taxes for the wealthy. aint no right winger talking about eliminating middle class taxes like they are capital gains Some of us actually invested our money and like lower capital gains taxes. I think a slightly lower tax rate on *long-term* capital gains encourages investment and I favor it. I think short-term capital gains should be taxed at a much, much higher rate in order to discourage speculation. There are societal reasons to encourage long-term investments and very few to encourage speculators. *Imposter alert* -- 1-20-13 The end of an error |
#75
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posted to rec.boats
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On Fri, 25 Nov 2011 10:07:57 -0500, Drifter wrote:
On 11/25/2011 7:50 AM, X ` Man wrote: On 11/24/11 11:32 PM, wrote: On Thu, 24 Nov 2011 21:59:37 -0500, wrote: I think a slightly lower tax rate on *long-term* capital gains encourages investment and I favor it. I think short-term capital gains should be taxed at a much, much higher rate in order to discourage speculation. There are societal reasons to encourage long-term investments and very few to encourage speculators. *Imposter alert* THAT makes sense. there's little reason to propose lowering capital gains taxes |
#76
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posted to rec.boats
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#77
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posted to rec.boats
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#78
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posted to rec.boats
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On Fri, 25 Nov 2011 14:33:42 -0500, wrote:
On Fri, 25 Nov 2011 02:13:56 -0500, bpuharic wrote: On Thu, 24 Nov 2011 23:45:4 The fact is the top 5% pay 40% of the taxes. you're so full of right wing bull**** i can smell it in PA No, Philadelphia always smells like that. ;-) Perhaps you would believe the IRS web site ... but I doubt it. You can go here and crunch the numbers yourself http://www.irs.gov/pub/irs-soi/09in12ms.xls you can go here, to the congressional budget office report: http://www.federalreserve.gov/pubs/f.../201117pap.pdf and find that between 1979 and 2007 the income of the richest 1% grew by TWO HUNDRED SEVENTY FIVE percent did their taxes go up that much? nope. in fact they went DOWN Since there was no change in the tax law between 2007 and 2009, how do you explain that. it's YOUR contention cutting capital gains taxes creates jobs we DID cut capital gains by 50% during bush's term WHERE ARE THE JOBS?? you IGNORE this question. you keep BLEATING that bankrupting the middle class by giving ALL our money to the rich will create jobs OK. we did that WHERE ARE THE JOBS??? BTW why make a statement that is not supported by the link you post. Do you think I won't read it and take your 275% numbers at face value i gave you the link to the CBO study. can't help it if faux news keeps feeding you ****. the very fact you keep bleating WRONG information tells us about the bull**** kool aid you drink from the True Believer fountain at wall street Your article seems to make it sound like Wall Street INVESTORS took the worst hit. "house prices declined 17 percent and the Wilshire 5000 index of publicly traded equities fell 39 percent." Yet you think it is all gravy for us. gee. middle class unemployment DOUBLED AND we BAILED YOU OUT NOW you want MORE money to continue to destroy our country how ****ing GREEDY can you get? |
#79
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posted to rec.boats
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In article ,
says... On Fri, 25 Nov 2011 14:23:43 -0500, wrote: On Fri, 25 Nov 2011 02:04:54 -0500, bpuharic wrote: wrong. in fact, an argument for taxing capital gains is precisely to drive finanical instruments overseas and quit subsidizing false investments that have dstroyed our economy. So you want to drive capital offshore? yep. drive all collateralized default swaps offshore. let them do to the chinese economy what they did to ours Send US money to other countries to build up their industry? HAHAHAHA have you LOOKED at the chinese economy?? WE'RE ALREADY DOING THAT YOU MORON!! christ you're as dumb as a bag of rocks No. But he sure stepped into that one with a blindfold on. Except for stockholders and those working on Wall Street - an ever-decreasing class in the U.S. - capital used to build foreign factories and businesses does nothing for U.S. unemployment. In fact, it's detrimental to U.S. employment. Wall Street should just wholesale relocate to China. That way nobody will complain about it. And it might very well happen. Wouldn't bother me. |
#80
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posted to rec.boats
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On Fri, 25 Nov 2011 14:15:30 -0600, Boating All Out
wrote: In article , says... On Fri, 25 Nov 2011 14:23:43 -0500, wrote: On Fri, 25 Nov 2011 02:04:54 -0500, bpuharic wrote: Send US money to other countries to build up their industry? HAHAHAHA have you LOOKED at the chinese economy?? WE'RE ALREADY DOING THAT YOU MORON!! christ you're as dumb as a bag of rocks No. But he sure stepped into that one with a blindfold on. Except for stockholders and those working on Wall Street - an ever-decreasing class in the U.S. - capital used to build foreign factories and businesses does nothing for U.S. unemployment. In fact, it's detrimental to U.S. employment. Wall Street should just wholesale relocate to China. That way nobody will complain about it. And it might very well happen. Wouldn't bother me. you know i wouldnt mind how ****ing rich the rich got if we ALL got richer AND we all had jobs. inequality is a natural result in a mature developed economy BUT the right worships inequality of OPPORTUNITY, and will work to preserve the privileged regardless of the costs to the econoomy. they just simply refuse to look at the evidence. he keeps bleating the same failed arguments over and over... |
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