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

[Tweedurr]

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

She's a bank puppet catering to the rich and fukking over the middle class Obama style. The only difference is she's more of a war hawk than he is.

Pls let us not know this hell America.

[Starred]

http://www.sfgate.com/business/netwo...es-5135090.php

http://www.washingtonpost.com/blogs/...o-dodge-taxes/

You can't be cereal. They'll find other places to invest their money.

hardly anyone is even "investing" right now. Everyone is speculating (see property price hikes and baseless increases in share prices) because they don't know wtf to do with their money

[SnatchMan]

Oh I can read, you're mad about tax rates that she had no part in setting. And you're mad that you won't be able to outsmart the system with your leftover cash doing brilliant short term trades.

Lmao

Its time to stop posting jpeg.

[jawbruh]

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.

bruh, 40% is the rate for short-term capital gains (under 2 years in this chart), aka people who trade for a living. otherwise its fixed 20%

maybe she wants to focus on taxing financial sector more heavily. didnt read the article.

[TurboJew2]

Not sure if you poor fellas aware of what it takes to be a millionaire. Cause it really doesn't take that much..

Putting someone worth a few mil in the same group as someone who makes 35 mil/yr isn't exactly accurate.

Read literally one edition of Forbes and come back

[KevinHarvick]

Not sure if you poor fellas aware of what it takes to be a millionaire. Cause it really doesn't take that much..

Putting someone worth a few mil in the same group as someone who makes 35 mil/yr isn't exactly accurate.

Read literally one edition of Forbes and come back

deficits man, someones gotta cover expenses.

Yeah cause they'll stop investing all together. 80% of something is better than 100% of nothing.

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

Why do yall use alternate accounts to post in these threads?

[BrotatoChip]

You're going to be mad when there is no economic growth because all of the money is leaving the country for non socialist countries.

brb taking a huge risk investing my money so that 40% of it can be taken away if I make a profit

no thanks hillary

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.

so basically your post was completely irrelevant because I was speaking directly about capital gains tax. cap gains tax require discussion of income tax

too stupid to even read but thinks he has answers on cap gains. lol.

2 year trades is not short term nor outsmarting the system. It's basic to a functioning market.

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.

[thc sargon]

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.

true to a point, but yes, don't forget the super rich mostly make their money off of investments not their wages.

[HumptyBrah]

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?

No, I'm concerned with a functioning economy and minimizing government, not voting myself free chit because I'm jelly of rich people.

[Huke]

I hope I'm not the only one who thinks that capital gains should be reduced to 0%.

[moksha16]

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

This is such bull.


If they aren't going to make money from investments what are they going to do, get a job?


No they will still make their money while spending all day at the golf course but they will have to pay a similar tax rate on their income as the guy who actually works does.. boo hoo.

[devin45k]

She looks like a human/beaver hybrid

[BigDawg69]

Not sure if you poor fellas aware of what it takes to be a millionaire. Cause it really doesn't take that much..

Putting someone worth a few mil in the same group as someone who makes 35 mil/yr isn't exactly accurate.

Read literally one edition of Forbes and come back

this
brb working as plumber at 50k a year for 20 years, being frugal and investing the majority and you end up with a net worth of 1.5 mil


fuking 1% scum, no millionaires work for their money

liberal logic

[Cervidae]

lmao i was like lmao

Here we have helpless ****ggot liberal.

Step 1) Forgo your welfare benefits, get a real job, and contribute to society.
Step 2) Live below your means
Step 3) Invest your savings

It may take 20 or 30 years, but you'll get there.

[Hadtodoit]

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.

[Starred]

this
brb working as plumber at 50k a year for 20 years, being frugal and investing the majority and you end up with a net worth of 1.5 mil


fuking 1% scum, no millionaires work for their money

liberal logic

but who was food/housing/tax

[Aesthetical]

This thread is a perfect example of why people like scott walker are in the positions they are in.

R/P always blows my mind lmfao.

[coctopus]

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.

Lol @ you thinking someone who earns 7 figures should pay a lower percentage than someone who earns 115k. You don't think it'd be fair if everyone paid 15% whether they made $100K or $5M? Whatever makes people like you feel better about stealing from the middle class.

[Shortfuze]

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.

[DatAngus]

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

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.

[Austanian]

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.

Are we talking about the 1% or the .00001%


I do agree that CEOS that are paid in stock should be taxed as if it was income. (Only on the initial payment) Beyond that no thanks commies.

[HumptyBrah]

This thread is a perfect example of why people like scott walker are in the positions they are in.

R/P always blows my mind lmfao.

Do you care to elaborate on this cryptic post?

[HumptyBrah]

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.

Mitt Romney pays more in taxes every year than you have earned since you started working

Lol @ you thinking someone who earns 7 figures should pay a lower percentage than someone who earns 115k. You don't think it'd be fair if everyone paid 15% whether they made $100K or $5M? Whatever makes people like you feel better about stealing from the middle class.

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.

[Austanian]

Lol @ you thinking someone who earns 7 figures should pay a lower percentage than someone who earns 115k. You don't think it'd be fair if everyone paid 15% whether they made $100K or $5M? Whatever makes people like you feel better about stealing from the middle class.

Again your comments only apply to the .0001%.

The only millionaires that pay less than you (Percentage wise) are the ones that are paid in the form of stock.

[coctopus]

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.

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).

[coctopus]

Again your comments only apply to the .0001%.

The only millionaires that pay less than you (Percentage wise) are the ones that are paid in the form of stock.

I disagree. If a married radiologist has $400K in taxable income, he will pay $104k in federal taxes. If a day trader has $400k in income (under the current capital gains rate), he will pay $60k in federal taxes.

[HumptyBrah]

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).

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.

[coctopus]

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.

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.

[Austanian]

I disagree. If a married radiologist has $400K in taxable income, he will pay $104k in federal taxes. If a day trader has $400k in income (under the current capital gains rate), he will pay $60k in federal taxes.

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.

[shredduck]

That bitch shouldn't have a god damn thing to do with the American Government after Benghazi.