Hillary Clinton wants to increase capital gains taxes for top tax bracket

[gottalooksharp]

http://www.cnbc.com/2015/07/24/hilla...ins-taxes.html

[LateShow]

I'm a potato. Can you explain what this means please?

[crsaen010]

Feel the bern

[SoutheastBeast1]

I'm a potato. Can you explain what this means please?

This

We CEO 10k/day bro, we got people to handle this

[SF49ers]

I'm a potato. Can you explain what this means please?

Disregard. It will never happen.

[Ted Nugent]

fuking lmao at nearly 40% tax rate

we communism now

[SnatchMan]

I'm a potato. Can you explain what this means please?

She wants to tax investments as if it were income.

[GravityLee]

Im in agreement with raising taxes on the super rich

Keep in mind only a very small portion of the super rich actually made their money.

Normal formula for rich people:

Son heres five mil to start a company or invest in stocks

20 years later company is worth 8 mil

Son spends entire life explaining hes self made

[GabrielNovar]

Im in agreement with raising taxes on the super rich

Keep in mind only a very small portion of the super rich actually made their money.

Normal formula for rich people:

Son heres five mil to start a company or invest in stocks

20 years later company is worth 8 mil

Son spends entire life explaining hes self made

gtfo..... back to public transportation

[gottalooksharp]

I'm a potato. Can you explain what this means please?

srs?

Say you invest $100 in stocks, and in a year from now, that stock appreciates to $200. You just made $100 in capital gains. Under current laws, if you sell your stocks, you will be taxed 20% ($20) because you waited a year. Under this proposal, the amount you will be taxed is over 20% unless you wait 6 years. If you wait a year and a half, you will be taxed 39.6% ($39.60) under this proposal.

This is if you are in the top income tax bracket.

[SnatchMan]

Im in agreement with raising taxes on the super rich

Keep in mind only a very small portion of the super rich actually made their money.

Normal formula for rich people:

Son heres five mil to start a company or invest in stocks

20 years later company is worth 8 mil

Son spends entire life explaining hes self made

False.

[Galindo62]

Well historically taxing the rich was always the answer. The poor had very little to tax and they were much more willing to rebell.

[keyboardworkout]

I can't wait until Julian Assange releases all of Hillary's emails that Kim Dotcom says he has.

[gottalooksharp]

Don't forget that the top tax bracket drives the economy with their investments, and this will hurt their willingness to invest.

[coctopus]

In other words, people who make their money off investments will have to pay taxes like people who earn a wage. No more guys like Mitt Romney paying a lower percentage in taxes than I do.

[Cervidae]

Im in agreement with raising taxes on the super rich

Keep in mind only a very small portion of the super rich actually made their money.

Normal formula for rich people:

Son heres five mil to start a company or invest in stocks

20 years later company is worth 8 mil

Son spends entire life explaining hes self made

You're full of chit.

Most millionaires are first generation, selfmade.

Its not that ****ing hard to become a millionaire if you're willing to do whats necessary.

[solidus2k3]

intredasting

[NVious]

Im in agreement with raising taxes on the super rich

Keep in mind only a very small portion of the super rich actually made their money.

Normal formula for rich people:

Son heres five mil to start a company or invest in stocks

20 years later company is worth 8 mil

Son spends entire life explaining hes self made

http://www.businessinsider.com.au/ri...nt=buffer63a04

Most of the world's billionaires didn't inherit their wealth -- they earned it

And lol @ the weak attitude of envying an unworthy heir

Money will not purchase happiness for the man who has no concept of what he wants: money will not give him a code of values, if he’s evaded the knowledge of what to value, and it will not provide him with a purpose, if he’s evaded the choice of what to seek. Money will not buy intelligence for the fool, or admiration for the coward, or respect for the incompetent. The man who attempts to purchase the brains of his superiors to serve him, with his money replacing his judgment, ends up by becoming the victim of his inferiors. The men of intelligence desert him, but the cheats and the frauds come flocking to him, drawn by a law which he has not discovered: that no man may be smaller than his money.

Do not envy a worthless heir; his wealth is not yours and you would have done no better with it. Do not think that it should have been distributed among you; loading the world with fifty parasites instead of one, would not bring back the dead virtue which was the fortune. Money is a living power that dies without its root. Money will not serve the mind that cannot match it.

[tsbalr120]

Dumb

Raising capital gains tax results in less tax revenue, but this will sell to the ignorant.

[everblue]

Lol the 1% will find a loop hole to get around it. Or they will lay off employees

[midcoastking33]

She wants to tax investments as if it were income.

as it should be

[everblue]

Dumb

Raising capital gains tax results in less tax revenue, but this will sell to the ignorant.

This is true.

Source: Laffers curve

[Gaindowed]

fuking lmao at nearly 40% tax rate

we communism now

It was that rate when we were our strongest lol

[Ted Nugent]

rofl @ not having a 14% flat tax rate.

b-b-but trickle down works! tax the rich people and give it to the poor! everyone knows that works great!

[Jax05]

Lol the 1% will find a loop hole to get around it. Or they will lay off employees

you mean a lupul?

[tsbalr120]

This is true.

Source: Laffers curve

More Source:

There's been no correlation between GDP increases/decreases with changes to the cap gains tax. Changes in the cap gains tax does lead to those that can afford it to hang on to their assets to avoid realizing the gain. This coupled with the stepped up basis in current inheritance tax law causes the wealthy to just hoard all capital assets til death, then pass it on with stepped up basis & hence avoid all realization of asset appreciation. That is the reason that carry over basis treatment for inheritances is also a part of this rework - remove incentives to hoard capital assets til death to avoid the cap gains rate increase.

[BrotatoChip]

Don't forget that the top tax bracket drives the economy with their investments, and this will hurt their willingness to invest.

Like the fragile and skiddish gazelle, rich people must be coddled and constantly complimented or else they will flee.

[3alaRase]

In4 her assassination.

[ctownballer04]

Retarded.

For the financially uneducated:
This wouldn't affect your income tax. Lets say you're a pharmacist or some professional making a solid wage but not rich by any means. We'll say you make 140k/year. You'll still be taxed whatever your normal income tax is and then if you want to invest some money in the capital markets (like any financially responsible person should), you would then be taxed another 40% on all the capital appreciation you made in these markets. For example, you buy a stock, it does well and you sell it for a gain of $10,000 two years later, you would be paying $4,000 in taxes on that gain.

[MyBaddBrah]

Mods go ahead and move to R/P, k thanks