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

[tng83]

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

Are you stupid? Trickle down economics is a right wing economic polity where taxes and regulation are cut for top income earners to stimulate growth and bring the lower class into the middle class.


And it doesn't work.

[BusterMudd]

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

Good thing no one in the Misc will have to worry about that.

[solidus2k3]

Good thing no one in the Misc will have to worry about that.

CEO 10k/day checking in

[BrocepCurls]

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

holy ****ing **** how do you get dumber and dumber with literally every single post you make

[stuntinonjos]

inb4 poor miscers storm in to defend the Rockefellers

[samir316]

In principle this sounds cool but it`s never good tax policy.

Smart investors will just shift the income to dividends if its preferable... or shift to another tax jurisdiction with lower rates... like Canada

[Armord]

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.

lmao i was like lmao

[FearThisjake]

Not sure why someone would ever vote democrat, unless they like higher taxes and more governmental control over their daily lives... I guess some people like being told what to do 8)

[IntegralDx]

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

But do you know what trickle down actually means?

[BrotatoChip]

Not sure why someone would ever vote democrat, unless they like higher taxes and more governmental control over their daily lives... I guess some people like being told what to do 8)

Yup, that's the reason. You hit the nail on the head. I have a fetish for abdicating control and having money ripped from my welfare leech taker obamaphone hands.

You sure are smart mister.

[NeonEagle]

still voting for her

[ugottabjoshinme]

So the plan is really trying to force long term investments. It introduces a sliding scale of tax percentages until the investment is held for 6 years. Note that the max tax percentage is the same as it previously has been for short turnaround investments.

The link wasn't really clear about the top bracket though. Is this sliding scale just for the top bracket or does it apply to everybody? If applied to everybody, I could see it hurting the top bracket more, just from the nature of short turnaround investments.

[ahyp]

I'm for taxing the super wealthy (read: elite) a little bit more because you can't get super wealthy without ****ing people over in the legal/tax system anyways. LMAO if you think the richest motherfukers out there didn't step over people/use money and power to gain even more money and power at the cost of other lesser people.

[suave2000]

But do you know what trickle down actually means?

he doesn't, he has the IQ of potato.

[HumptyBrah]

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

So, you want to tax people based on your estimation of how hard they worked for their money? Brilliant.

Bernie Sanders voters, aka "I'm jelly of anyone who has more money than me" rally ---------->

[AgBrah]

I'm not for or against increased taxation on mega rich. I don't really care either way. It's bad if they get taxed, it's bad if they don't. That's not really the issue.

However, I do enjoy listening to the "I wish it was the 50's, strong middle class" conservatives go on on and on and then deliver that fire on them. The tax rate for rich people was huge. It would be considered treasonous today if the rates were the same.

Want to know why everything was peachy? CEO's made like 3x the lowest paid employee. Now, it's like 600x.


lol. Not even once.

[BrocepCurls]

So, you want to tax people based on your estimation of how hard they worked for their money? Brilliant.

Bernie Sanders voters, aka "I'm jelly of anyone who has more money than me" rally ---------->

Sander's policies are aimed at the richest of the rich, which will never be you, and will never affect you. You will continue to be in the middle class, the exact group of people Sanders is trying to help.

[residesinAZ]

This would only effect those making over 400k a year, correct?

Someone explain this to me like I'm a toddler. I thought guys like Buffet make 'nothing' a year, all their money coming from investments. And couldn't they just take minimum wage as a salary from their company with stock and investment options? Or do those count as income.

[LaoHu7]

Unless you're a government dependent / government employee.... I don't understand why anybody would support raising taxes at any level, for any reason. Talk about being a cuckold beta to the highest degree.

[HankScorp1o]

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.

Lol @ you complaining about the rates someone like Mitt Romney pays- the AMOUNT of money he paid was nearly $3 million in taxes last year. That's more than you'll contribute in a lifetime.

You haven't earned the right to complain about someone who puts more than 800 times more into our tax coffers every year than the average American taxpayer does, yourself included.

But whatever makes people like you feel better about stealing more from those who have more than you, I guess.

[SnatchMan]

Sander's policies are aimed at the richest of the rich, which will never be you, and will never affect you. You will continue to be in the middle class, the exact group of people Sanders is trying to help.

12% of people are in the top 1% at some point i there life.

[HankScorp1o]

Sander's policies are aimed at the richest of the rich, which will never be you, and will never affect you. You will continue to be in the middle class, the exact group of people Sanders is trying to help.

So you're saying people should not care about any group or demographic that they don't belong to? Got it.

[angrygentlemen]

I am a high income person in liberal California. Right now after deductions I pay 48.94% combined fed/state taxation. That's socialist Europe levels, without all the benefits of.living in socialized Europe for poor people.

I'd leave the US tomorrow if they wouldn't chase me down for more taxes. I'm srsly gonna be one those guys that renounces citizenship if she wins. I refuse to pay the literal majority of my income to taxes

[BrocepCurls]

12% of people are in the top 1% at some point i there life.

He isn't aiming this at the top 1% either

So you're saying people should not care about any group or demographic that they don't belong to? Got it.

Oh sorry, those poor multimillionaires and billionaires who have continued to get richer and richer while the middle classes and poor stagnate, won't anyone please think of them!

[Dec4y]

I wouldn't call this a tax increase in a sense. All she did according to the graph was penalize capital gains that weren't long positions (really she just changed the definition of long from 1 year to 6 years). Rates only increase selling positions in year 2-5. Capital gains tax is BS as it is. The current system is annoying as it is, this will make it more so.

[HumptyBrah]

Sander's policies are aimed at the richest of the rich, which will never be you, and will never affect you. You will continue to be in the middle class, the exact group of people Sanders is trying to help.

Sorry not everyone is a self-serving leech like you

[HankScorp1o]

Sorry not everyone is a self-serving leech like you

[BrocepCurls]

Sorry not everyone is a self-serving leech like you

So you're most deeply concerned about the few multimillionaires and billionaires of the country, and want to vote for parties that prioritise them, rather than the millions of regular middle class Americans, which includes yourself?

[stuntinonjos]

So you're most deeply concerned about the few multimillionaires and billionaires of the country, and want to vote for parties that prioritise them, rather than the millions of regular middle class Americans, which includes yourself?

democrats suck too

[Hendlefe]

I don't understand why capital gains tax isn't taxed as ordinary income in the first place. The super wealthy build their wealth through investments that are taxable via capital gains. Clearly, these tax laws favor the rich.

I don't see these Clinton changes as being bad. I have a feeling the ultra rich and hedge funds will be lobbying to spin this to get the dumb public riled up to oppose the tax hike.