biden pushing for new capital gains tax
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Anonymous
Why am I afraid of my government? |
Anonymous
This. Your guy ran on this as a campaign promise and then conveniently forgot it the minute he was in power. We need to equalize the rates or your guy's poor followers will pry your wealth from your cold dead hands once they realize they've been had. Remember, they have all the guns. From the NYT, May 14 of last year: Morris Pearl, 60, a former managing director at BlackRock, the largest asset management firm in the world, points to himself as an example. “People are following the law just fine,” said Pearl, who started at Salomon Brothers in the 1980s. “I generally don’t pay much taxes.” Pearl has two young adult sons with trust funds in the “seven figures.” He is also the chair of the Patriotic Millionaires, a nonprofit group of well-heeled Americans pushing for the wealthy to pay much more in taxes. One reason they do not, he joked, is that “the basic way to save on taxes is to not have any income.” His tongue-in-cheek message being that it’s far better to earn capital gains on investments that go untaxed unless or until those gains are “realized” when sold for cash. “I have right now in my stock portfolio, some stock that my wife’s father, who died a long time ago, bought in the 1970s — that investment has gone from a few thousand dollars to many hundreds of thousands of dollars,” Pearl noted. “I’ve never paid a penny of taxes on all that, and I may not ever, because I might not sell and then my kids are going to have millions of dollars in income that’s never taxed in any way, shape or form.” Pearl doesn’t think the U.S. government “needs more money from rich people” to fund itself. Rather, his support for reforming the tax system arises from his belief that the rich have begun to monopolize resources and opportunity in a way that jeopardizes social stability and economic growth. “I have investments in companies that depend on growth,” he said. “I’m not altruistic.” |
Anonymous
I don’t think you understand the math. This is decades worth of rampant spending. There is no belt tightening that can make a difference. In fact many prominent economists say we are past the point where increasing taxes, even at exorbitant levels, can make a difference. From here on out it will be rapid quality of life decreases and asset transfers to gov. or…..war. |
Anonymous
They sold it. https://www.nbcnews.com/health/health-news/us-just-sold-helium-stockpile-s-medical-world-worried-rcna134785 And it was started for the airship fleet. Thats not why we retained it, goober. |
Anonymous
Capital gains on a primary residence are many people’s ONLY investment. So taxing that higher than someone’s passive income on the stock market/other investments is just another way that the UMC bear the burden for everyone. UMC would be spending that on cars or furniture or going on vacations but truly wealthy people just stockpile it because they can live fabulously enough just on their income. It makes more sense to tax people who own more than one home or who are buying yachts. It’s always been reprehensible that earned income is taxed higher and why the rich get richer and everyone else struggle to get ahead. I’m all for taxes, they pay for civilization, but it makes no sense that in the past 20 years our income has doubled and our lifestyle hasn’t improved. We paid $150,000 in taxes last year and I 100% would have spent that on remodeling the outdated house we bought last year (at 7%) if I could have. Spending is good for the economy. Let us spend. Let the Uber wealthy with their multiple homes and RE investors who are responsible for the raising prices pay more. |
Anonymous
Do you understand this? |
Anonymous
Wrong Cut social security, cut medicare, cut medicaid. That goes 75% of the way towards attacking the problem. Those 3 alone are the vast majority of govt spending. Social security is a ponzi scam that has finally been exposed. |
Anonymous
Hunter paid his taxes yet? Are hookers still deductible? |
Anonymous
Oh yes, remove the safety net that distinguishes us from uncivilized nations, that will do it. Let’s let poor children and elderly die of hunger and preventable disease. That’s the ticket. /s |
Anonymous
Anonymous
We'll see how Don does on that. |
Anonymous
Social security runs 88 billion yearly surplus and generates 21.9% of the federal revenues. Also the feds borrow against social security. So how you going to pay for anything without those programs income? Corporations paid 10% of the federal budget whole individually tax payer pay 45%. Guess you are for raising corporate and individual taxes? |
Anonymous
Yes he has paid all taxes and penalties. This is why it is strange the government is going after him. Paid everything. The only people who are prosecuted for failure to pay taxes are people who do not pay their taxes. |
Anonymous
No, he actually didn't. He never filed income taxes for his income from Burisma in 2014-2015, but Weiss let the statute of limitations expire. And, the taxes that were paid after all this came to light were not paid by him. They were paid by his Sugar Daddy Kevin Morris. And, yes people are prosecuted for not paying taxes on time. He had the money - he just chose to use it to fund his vices. One of the reasons he is being charged is because he made fraudulent claims on his tax forms..... claiming hotels for hookers and hookers themselves as tax deductions.
https://www.bbc.com/news/world-us-canada-67656796 |
Anonymous
Oh no he paid everything. You just do not have a clue what you are babbling on about. Go back to the flock you f’ing loser. |