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re: “Biden is planning a capital gains tax hike to as high as 43.4% for wealthy Americans”

Posted on 4/24/21 at 6:34 pm to
Posted by oklahogjr
Gold Membership
Member since Jan 2010
40237 posts
Posted on 4/24/21 at 6:34 pm to
quote:

Liberals do not work.

I do at least 5 days a week at this point unfortunately
Posted by slackster
Houston
Member since Mar 2009
91385 posts
Posted on 4/24/21 at 7:24 pm to
quote:

one thing I would like to see is to re-legislate the ban on corporate stock buy-backs (illegal until the early 80s). Distributions to stockholders (which is what a buy back is) should be done by dividend


Wouldn’t lose a lot of sleep over it either way, but I don’t see the logic of allowing a corporation to issue more stock but not buy it back.
Posted by oklahogjr
Gold Membership
Member since Jan 2010
40237 posts
Posted on 4/24/21 at 7:27 pm to
quote:

your income is taxed
you invest dollars that have been taxed in the market
the gains on those already taxed dollars are then taxed
you die, and those already taxed dollars and already taxed gains are both taxed again

at a certain point the taxes outweigh the gains on the investment and skew the risk/reward math away from equity investment.

BTW this (40+% capital gains tax) will never fly.
politics and especially tax politics are gamified to an extent relatively unnoticed by the genpop. Dems set the top range, Repubs set the bottom range, horse trading begins and we eventually arrive right back where we started. Anyone scared off by this can sell, I’ll be buying the MFing dips. Never lose sight of the fact that the wealthy make the rules and if there’s a rule being considered that will hurt them the most, it’s all for show



Cgrand knocking it out the park right here.
Posted by Auburn1968
NYC
Member since Mar 2019
25253 posts
Posted on 4/24/21 at 9:47 pm to
quote:

your income is taxed
you invest dollars that have been taxed in the market
the gains on those already taxed dollars are then taxed
you die, and those already taxed dollars and already taxed gains are both taxed again

at a certain point the taxes outweigh the gains on the investment and skew the risk/reward math away from equity investment.

BTW this (40+% capital gains tax) will never fly.
politics and especially tax politics are gamified to an extent relatively unnoticed by the genpop. Dems set the top range, Repubs set the bottom range, horse trading begins and we eventually arrive right back where we started. Anyone scared off by this can sell, I’ll be buying the MFing dips. Never lose sight of the fact that the wealthy make the rules and if there’s a rule being considered that will hurt them the most, it’s all for show


Inflation is often treated as a "capital gain." That's become like a government racket.
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 4/24/21 at 11:50 pm to
quote:

Total revenue to the federal government will go down because of reduced economic activity. It always does when they Jack up taxes like this. Whose dumber the voters or the Dems.


The inverse “Laffer Curve”.
Posted by Drizzt
Cimmeria
Member since Aug 2013
14881 posts
Posted on 4/26/21 at 12:08 am to
I’m wrong all the way to the bank while you give awful advice and pretend to have any actual money.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11873 posts
Posted on 4/26/21 at 9:00 am to
quote:

but I don’t see the logic of allowing a corporation to issue more stock but not buy it back.


Banning buybacks is not going to accomplish anything until we allow the market to find a clearing price when there's a deflationary collapse. In other words it will never happen. The entire corporate sector is being treated like a government utility at this point.
Posted by slackster
Houston
Member since Mar 2009
91385 posts
Posted on 4/26/21 at 9:04 am to
quote:

I’m wrong all the way to the bank while you give awful advice and pretend to have any actual money.


Sweet.
Posted by Coach Buzzcut
Member since Feb 2016
1404 posts
Posted on 4/26/21 at 12:52 pm to
Will the Dems get rid of the SALT deduction cap? This will show their true colors
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