Capital gain tax & With todays liberals. Could yall imagine what would happen if

[Section220Dawg]

Everything until the government spending is equal to or less than its inflows. Kind of like how ordinary Americans have to do it. And do it without the damned democrats solution to everything: more taxes.

Don’t you know? The Democrats lower inflation by printing more money. Total insanity.

 

[SLC_Dawg]

Yeah I can remember John Kerry was paying about 15% in taxes when he tried running for office. If you marry a billionaire heir to Heinz, you can live off of tax free bonds and stock dividends. Same for Buffett.
It is the wage earners on W2’s they are getting killed.

Say you’re a developer. Own a billion dollars in property. You get a loan every year on the increased value of your property that you don’t pay off, and since it’s a loan you don’t pay taxes on it. You pay the loans off when you sell the property. I think this is how it works.

 

[Zonadog]

Capital gain tax & With todays liberals. Could yall imagine what would happen if
They controlled the
White House
The Senate AND
The house.

Biden want to raise the capital gains tax to 45%

The answer is California. Nationwide.

 

[poorpreacher]

Link? \
However, from about 1935 to 1980 the top tax rate was 74% to 91%. Reducing that is why we have a debt of 30 something trillion.

You don't think spending contributes to debt?

 

[poorpreacher]

What exactly do you want to cut? Don't just say waste etc.

Start here

https://www.cnbc.com/2023/04/18/heres-how-the-federal-government-wastes-tax-money.html

 

[agentorange70]

Investments get taxed double,...migrants get free shit

 

[Eastmandawg]

Investments get taxed double,...migrants get free shit

To continue increasing taxes eventually catches up…..so does increasing the debt ceiling, you risk default. Just kicking the can down the road.

Feels like we are getting there fast.

Use to argue with OTD on whether or not gold was a good investment (in a fun way). Thinks he knew something,

God rest his soul.

 

[Zonadog]

Investments get taxed double,...migrants get free shit

Migrants get nothing. They have to pay for things.

Illegal aliens get free shit.

Giving incentives encourages a behavior. A tax discourages that behavior.

Why aren't we giving tax credits for investments and extracting fees from illegals?

 

[-lowcountrydawg]

Say you’re a developer. Own a billion dollars in property. You get a loan every year on the increased value of your property that you don’t pay off, and since it’s a loan you don’t pay taxes on it. You pay the loans off when you sell the property. I think this is how it works.

Why would you pay taxes for borrowing money? Should home buyers pay taxes for taking on a mortgage or getting a cash out re-fi?

There is a reason folks who know they are selling a business or big chunks of appreciated stock move to Florida or Texas before doing so. There is a reason that California has the biggest budget deficit of any State. They have taxed their people, especially successful ones, right out of their State, and it has become a death spiral where the way they respond to that issue is to tax remaining residents even more, leading to more move-outs....and round and round they go.

Pay attention - don't do what California does.