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07-24-2015, 01:02 PM #91
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07-24-2015, 01:02 PM #92
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07-24-2015, 01:02 PM #93
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07-24-2015, 01:03 PM #94
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07-24-2015, 01:05 PM #95
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07-24-2015, 01:08 PM #96
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07-24-2015, 01:10 PM #97
- Join Date: Aug 2010
- Location: New Jersey, United States
- Age: 34
- Posts: 7,747
- Rep Power: 7827
You're going to be disappointed when your economy destroying prophecies turn out to be unfounded.
Nah who am I kidding you'll be spouting off about a new one by then.
2 year trades are still quite short term. If you have dreams of becoming the next Warren Buffet you should know that short term trades are a foolish endeavor.
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07-24-2015, 01:11 PM #98
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07-24-2015, 01:19 PM #99
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07-24-2015, 01:19 PM #100
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07-24-2015, 01:24 PM #101
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07-24-2015, 01:25 PM #102
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07-24-2015, 01:25 PM #103
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07-24-2015, 01:25 PM #104
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07-24-2015, 01:32 PM #105
What income in the US = top tax bracket?
There needs to be a way to tax the super rich (making 100+ million annually) without effecting the "realistic reachable" high income level of like 400-500k/year. 400-500-700k a year is American dream type money that with talent, luck and dedication can be possible.
100+ million a year is lottery/wealthy/overly wealthy money that actually needs to be taxed. I fear her "upper tax bracket" only hurts the realistic reachable income and barely touches the super wealthy.
Contrary to popular belief, or at least what some media skews, taking money away from the ultra rich (billionaires) personal wealth will not slow the economy it will grow it. They will still be hungry because they already have more money than their great great great grandchildren can spend. They won't move, they won't not be able to start a business because they only have $5 billion and not $7bn anymore.
The real issue would be taking an equal amount from the ultra rich as you do the realistic, high income dream of maybe 500k a year. Don't touch those guys that should be the dream. Tax the ultra rich. Give to the middle class, they will spend their excess money and invest it which will grow the businesses of the ultra rich. That excess money would spur huge growth in the middle class and create excitement for everyday people and optimism, which leads to spending on businesses. It would come right back to them.
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07-24-2015, 01:32 PM #106
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07-24-2015, 01:34 PM #107
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07-24-2015, 01:56 PM #108
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07-24-2015, 02:00 PM #109
This includes her too right?
I have very little faith in someone who is now going to have to explain why some of her personal emails contain classified information.*Simplicity is the key to life*
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07-24-2015, 02:22 PM #110
No, you wouldn't. You'd evaluate your situation and realize that the United States has provided you with a quality of life you'd be hard pressed to find somewhere else. How many places on Earth will provide the means to become employed in a profitable vocation while taxing less? No where. Where you going to move? Europe? Taxes are a lot higher there. I heard taxes are low in Africa. Perhaps you can move there if all you care about in a country is your bottom dollar.
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07-24-2015, 02:28 PM #111
- Join Date: Jul 2009
- Location: Coeur D Alene, Idaho, United States
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Last edited by Austanian; 07-24-2015 at 02:37 PM.
Finance Degree - USAF INTEL - IIFYM - Injured Crew - KTM XCW300 - Single Track Trail Rider - NRA Supporter - Shunned from MFC - Libertarian - Pragmatist
B: 345, S 375, D 445
Trying to get your ideal outcome often leads to the passing up of practical alternatives that deny your adversaries theirs.
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07-24-2015, 02:33 PM #112
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07-24-2015, 02:34 PM #113
Mitt Romney pays more in taxes every year than you have earned since you started working
So we've established that it's cool to steal from others, so long as their income is at a level that you deem acceptable for theft? Just want to know where you stand, that's all.Last edited by HumptyBrah; 07-24-2015 at 02:44 PM.
I shiit on miscers, that's why I post with a diaper on
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07-24-2015, 02:36 PM #114
- Join Date: Jul 2009
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- Posts: 19,743
- Rep Power: 88148
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07-24-2015, 03:00 PM #115
How is everyone paying the same percentage, regardless of how much income or source of income, unfair or theft?
You think everyone should pay a set amount, say $5,000 a year in federal taxes, regardless of income? That would be ok with me, but it wouldn't be fair to someone who only makes $15,000. If there's going to be an income tax, it has to be percentage based, and income should be taxed the same regardless if it's earned by working a job (wages) or pushing money around (capital gains).
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07-24-2015, 03:05 PM #116
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07-24-2015, 03:10 PM #117
I don't have any problem with a flat tax. I do have a problem with the attitude you expressed "But his percentage!" I think it's a bit ridiculous to be upset about someone who pays millions in taxes every year because he doesn't pay just a little bit more, when we have half the country not paying anything.
I shiit on miscers, that's why I post with a diaper on
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07-24-2015, 03:20 PM #118
My original post may have come off the wrong way. I was trying to make a simple point about wages vs capital gains, knowing that most don't understand the tax system. It's not that I think the wealthy should pay more, but rather that capital gains shouldn't be taxed any lower than wages. I'd be thrilled if they kept the capital gains rates where they are, and lowered the wages rates to match.
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07-24-2015, 03:26 PM #119
- Join Date: Jul 2009
- Location: Coeur D Alene, Idaho, United States
- Posts: 19,743
- Rep Power: 88148
You realize you are punishing this dude for being responsible for with his money.
The dude you referenced paid full normal taxes on his seed money.
If he bought depreciating chit like the rest of the country (C7 Corvette says hi) he would not be taxed again... Instead he invested his money and now has the opportunity to get taxed again and again every year.... Now you are b*tching that this is not enough.Finance Degree - USAF INTEL - IIFYM - Injured Crew - KTM XCW300 - Single Track Trail Rider - NRA Supporter - Shunned from MFC - Libertarian - Pragmatist
B: 345, S 375, D 445
Trying to get your ideal outcome often leads to the passing up of practical alternatives that deny your adversaries theirs.
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07-24-2015, 03:27 PM #120
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