Birthers are Crazy

Off Topic Politics & World Issues
201

[quote]pittbulll wrote:

[quote]strangemeadow wrote:

[quote]pittbulll wrote:
I think the real question here Zeb Do you understand Capital Gains taxes ? Have you ever paid them ? I have a couple years where my Capital Gains were %50 of my income .[/quote]
Dude, I’m in the top tax bracket, we pay 35% on our income. Then after tax, we invest some of that money. We then pay 15% capital gains tax.
What’s not to understand?
Sure there are deductions, but that’s the basics.
IF all of your income is from investments ie; capital gains, then sure, you only pay 15%.
But that’s only for the Warren Buffett types, not regular working people.[/quote]

Let’s say all the money you earn is from investments , You pay %15 tax. When you earn $21 million a year in capital gains who needs a job , What don’t I understand ?
[/quote]
Certain people have worked the tax system to be paid in part or whole by investments; capitol gains. If you can legally do it through the tax code, so be it. I can’t, but I don’t begrudge others who are at that level.
Instead let’s bitch about multinational corporations that only pay 3-5% in tax. Now there’s a problem.

202

[quote]pittbulll wrote:

[quote]strangemeadow wrote:

[quote]pittbulll wrote:
I think the real question here Zeb Do you understand Capital Gains taxes ? Have you ever paid them ? I have a couple years where my Capital Gains were %50 of my income .[/quote]
Dude, I’m in the top tax bracket, we pay 35% on our income. Then after tax, we invest some of that money. We then pay 15% capital gains tax.
What’s not to understand?
Sure there are deductions, but that’s the basics.
IF all of your income is from investments ie; capital gains, then sure, you only pay 15%.
But that’s only for the Warren Buffett types, not regular working people.[/quote]

Let’s say all the money you earn is from investments , You pay %15 tax when you earn $21 million a year in capital gains who needs a job , What don’t I understand ?
[/quote]

You didn’t understand:

1- The wealthy pay more in taxes than any other group.

2- The bottom 48% of workers PAY NOTHING.

3- Romney earned his original money at the top rate AND PAID IT!

4- Anyone who invests in stocks, bonds, property or any other type of investment pays 15% on the profit that their money earns through such investments–Not just the rich!

5- This is a form of double taxation which in fact punishes those who have done well in the US.

If you can wrap your arms around all of that then I’d say you are a better man. And once again I am not trying to one up you. I really want you to understand this stuff as I think it will help you make more informed decisions regarding investments as well as politics.

203

[quote]strangemeadow wrote:

[quote]ZEB wrote:

[quote]strangemeadow wrote:

[quote]pittbulll wrote:
I think the real question here Zeb Do you understand Capital Gains taxes ? Have you ever paid them ? I have a couple years where my Capital Gains were %50 of my income .[/quote]
Dude, I’m in the top tax bracket, we pay 35% on our income. Then after tax, we invest some of that money. We then pay 15% capital gains tax.
What’s not to understand?
Sure there are deductions, but that’s the basics.
IF all of your income is from investments ie; capital gains, then sure, you only pay 15%.
But that’s only for the Warren Buffett types, not regular working people.[/quote]

The number of people who are actually wealthy enough to live off of capital gains income probably number less than 5,000 people.

That is just a guess but I’d be surprised if it were many more than that. And so what if there were? They earned the money paid the top tax percentage on it they then invested it and pay additional 15% on it and they are now wealthy.

When did that become wrong in America?

[/quote]
Oh, don’t get me wrong, I have no problem with it at all. I hope for it to be me in the next 10 years. It’s a goal we have. Seriously.
The misinformation both sides put out is outrageous. Like when the Dems say “Republicans are gonna cut your SS” Well, they propose cutting the planned increases, that’s all. If you get $100 a month in SS, and it’s slated to go to $110, the proposal is cut 50%. Of the proposal. So you’d get $105, not $50.
People who take the news at face value are sheep.
Baahhh…(pointed at you Pitbull)
[/quote]

I do not understand your post , There is no disinformation that a dollar Mitt earns is worth 85 cents and mine is worth 67 cents what is disinformative about that .

204

[quote]pittbulll wrote:

[quote]strangemeadow wrote:

[quote]ZEB wrote:

[quote]strangemeadow wrote:

[quote]pittbulll wrote:
I think the real question here Zeb Do you understand Capital Gains taxes ? Have you ever paid them ? I have a couple years where my Capital Gains were %50 of my income .[/quote]
Dude, I’m in the top tax bracket, we pay 35% on our income. Then after tax, we invest some of that money. We then pay 15% capital gains tax.
What’s not to understand?
Sure there are deductions, but that’s the basics.
IF all of your income is from investments ie; capital gains, then sure, you only pay 15%.
But that’s only for the Warren Buffett types, not regular working people.[/quote]

The number of people who are actually wealthy enough to live off of capital gains income probably number less than 5,000 people.

That is just a guess but I’d be surprised if it were many more than that. And so what if there were? They earned the money paid the top tax percentage on it they then invested it and pay additional 15% on it and they are now wealthy.

When did that become wrong in America?

[/quote]
Oh, don’t get me wrong, I have no problem with it at all. I hope for it to be me in the next 10 years. It’s a goal we have. Seriously.
The misinformation both sides put out is outrageous. Like when the Dems say “Republicans are gonna cut your SS” Well, they propose cutting the planned increases, that’s all. If you get $100 a month in SS, and it’s slated to go to $110, the proposal is cut 50%. Of the proposal. So you’d get $105, not $50.
People who take the news at face value are sheep.
Baahhh…(pointed at you Pitbull)
[/quote]

I do not understand your post , There is no disinformation that a dollar Mitt earns is worth 85 cents and mine is worth 67 cents what is disinformative about that . [/quote]
Right. His income now comes from investments. Your’s doesn’t. What’s the problem?

205

[quote]pittbulll wrote:

[quote]ZEB wrote:

[quote]strangemeadow wrote:

[quote]pittbulll wrote:
I think the real question here Zeb Do you understand Capital Gains taxes ? Have you ever paid them ? I have a couple years where my Capital Gains were %50 of my income .[/quote]
Dude, I’m in the top tax bracket, we pay 35% on our income. Then after tax, we invest some of that money. We then pay 15% capital gains tax.
What’s not to understand?
Sure there are deductions, but that’s the basics.
IF all of your income is from investments ie; capital gains, then sure, you only pay 15%.
But that’s only for the Warren Buffett types, not regular working people.[/quote]

The number of people who are actually wealthy enough to live off of capital gains income probably number less than 5,000 people.

That is just a guess but I’d be surprised if it were many more than that. And so what if there were? They earned the money paid the top tax percentage on it they then invested it and pay additional 15% on it and they are now wealthy.

When did that become wrong in America?

[/quote]

Where did you get the number 5000 ? I would bet it more
[/quote]

I just guessed at it, you may very well be correct. I was referring to the number of people who actually do not go to work and just live off their investments. Granted there are a good many more who probably could live off their investments but they also work as well.

One of us should google this to find out.

206

[quote]strangemeadow wrote:

[quote]pittbulll wrote:

[quote]strangemeadow wrote:

[quote]pittbulll wrote:
I think the real question here Zeb Do you understand Capital Gains taxes ? Have you ever paid them ? I have a couple years where my Capital Gains were %50 of my income .[/quote]
Dude, I’m in the top tax bracket, we pay 35% on our income. Then after tax, we invest some of that money. We then pay 15% capital gains tax.
What’s not to understand?
Sure there are deductions, but that’s the basics.
IF all of your income is from investments ie; capital gains, then sure, you only pay 15%.
But that’s only for the Warren Buffett types, not regular working people.[/quote]

Let’s say all the money you earn is from investments , You pay %15 tax. When you earn $21 million a year in capital gains who needs a job , What don’t I understand ?
[/quote]
Certain people have worked the tax system to be paid in part or whole by investments; capitol gains. If you can legally do it through the tax code, so be it. I can’t, but I don’t begrudge others who are at that level.
Instead let’s bitch about multinational corporations that only pay 3-5% in tax. Now there’s a problem.
[/quote]

I have a time limitation I have to go to bed so I can pay my %30 while Mitt skates wit %14

If I were King of America , corporations would pay %0 taxes but Corporations would also be pared down so the are not shelters for personal income . One reason why Ma and Pa can not compete with HD is

HD makes a dollar
No sales tax
No income tax
HD still has a dollar

I make a dollar
I pay %7 sales tax
I pay %30 income taxe
I have $.63

207

[quote]strangemeadow wrote:

[quote]ZEB wrote:

[quote]strangemeadow wrote:

[quote]pittbulll wrote:
I think the real question here Zeb Do you understand Capital Gains taxes ? Have you ever paid them ? I have a couple years where my Capital Gains were %50 of my income .[/quote]
Dude, I’m in the top tax bracket, we pay 35% on our income. Then after tax, we invest some of that money. We then pay 15% capital gains tax.
What’s not to understand?
Sure there are deductions, but that’s the basics.
IF all of your income is from investments ie; capital gains, then sure, you only pay 15%.
But that’s only for the Warren Buffett types, not regular working people.[/quote]

The number of people who are actually wealthy enough to live off of capital gains income probably number less than 5,000 people.

That is just a guess but I’d be surprised if it were many more than that. And so what if there were? They earned the money paid the top tax percentage on it they then invested it and pay additional 15% on it and they are now wealthy.

When did that become wrong in America?

[/quote]
Oh, don’t get me wrong, I have no problem with it at all. I hope for it to be me in the next 10 years. It’s a goal we have. Seriously.
The misinformation both sides put out is outrageous. Like when the Dems say “Republicans are gonna cut your SS” Well, they propose cutting the planned increases, that’s all. If you get $100 a month in SS, and it’s slated to go to $110, the proposal is cut 50%. Of the proposal. So you’d get $105, not $50.
People who take the news at face value are sheep.
Baahhh…(pointed at you Pitbull)
[/quote]

Don’t point the finger at Pitt - In a way I understand exactly why he thinks what he thinks regarding the tax system. Do you realize how many times he’s heard people spew out disinformation? How would he actually know the truth?

That’s why I dropped my online persona (Yeah I get a little nasty) to really try to help this man understand. It’s actually a shame this class warfare stuff is just ugly…very ugly. And I condemn those who use it.

208

[quote]strangemeadow wrote:

[quote]pittbulll wrote:

[quote]strangemeadow wrote:

[quote]ZEB wrote:

[quote]strangemeadow wrote:

[quote]pittbulll wrote:
I think the real question here Zeb Do you understand Capital Gains taxes ? Have you ever paid them ? I have a couple years where my Capital Gains were %50 of my income .[/quote]
Dude, I’m in the top tax bracket, we pay 35% on our income. Then after tax, we invest some of that money. We then pay 15% capital gains tax.
What’s not to understand?
Sure there are deductions, but that’s the basics.
IF all of your income is from investments ie; capital gains, then sure, you only pay 15%.
But that’s only for the Warren Buffett types, not regular working people.[/quote]

The number of people who are actually wealthy enough to live off of capital gains income probably number less than 5,000 people.

That is just a guess but I’d be surprised if it were many more than that. And so what if there were? They earned the money paid the top tax percentage on it they then invested it and pay additional 15% on it and they are now wealthy.

When did that become wrong in America?

[/quote]
Oh, don’t get me wrong, I have no problem with it at all. I hope for it to be me in the next 10 years. It’s a goal we have. Seriously.
The misinformation both sides put out is outrageous. Like when the Dems say “Republicans are gonna cut your SS” Well, they propose cutting the planned increases, that’s all. If you get $100 a month in SS, and it’s slated to go to $110, the proposal is cut 50%. Of the proposal. So you’d get $105, not $50.
People who take the news at face value are sheep.
Baahhh…(pointed at you Pitbull)
[/quote]

I do not understand your post , There is no disinformation that a dollar Mitt earns is worth 85 cents and mine is worth 67 cents what is disinformative about that . [/quote]
Right. His income now comes from investments. Your’s doesn’t. What’s the problem?

[/quote]

Problem is I a higher tax rate and he has A LOT more money . This is what the Occupy wall street and I believe the bases of the tea party is all about

209

[quote]ZEB wrote:

[quote]strangemeadow wrote:

[quote]ZEB wrote:

[quote]strangemeadow wrote:

[quote]pittbulll wrote:
I think the real question here Zeb Do you understand Capital Gains taxes ? Have you ever paid them ? I have a couple years where my Capital Gains were %50 of my income .[/quote]
Dude, I’m in the top tax bracket, we pay 35% on our income. Then after tax, we invest some of that money. We then pay 15% capital gains tax.
What’s not to understand?
Sure there are deductions, but that’s the basics.
IF all of your income is from investments ie; capital gains, then sure, you only pay 15%.
But that’s only for the Warren Buffett types, not regular working people.[/quote]

The number of people who are actually wealthy enough to live off of capital gains income probably number less than 5,000 people.

That is just a guess but I’d be surprised if it were many more than that. And so what if there were? They earned the money paid the top tax percentage on it they then invested it and pay additional 15% on it and they are now wealthy.

When did that become wrong in America?

[/quote]
Oh, don’t get me wrong, I have no problem with it at all. I hope for it to be me in the next 10 years. It’s a goal we have. Seriously.
The misinformation both sides put out is outrageous. Like when the Dems say “Republicans are gonna cut your SS” Well, they propose cutting the planned increases, that’s all. If you get $100 a month in SS, and it’s slated to go to $110, the proposal is cut 50%. Of the proposal. So you’d get $105, not $50.
People who take the news at face value are sheep.
Baahhh…(pointed at you Pitbull)
[/quote]

Don’t point the finger at Pitt - In a way I understand exactly why he thinks what he thinks regarding the tax system. Do you realize how many times he’s heard people spew out disinformation? How would he actually know the truth?

That’s why I dropped my online persona (Yeah I get a little nasty) to really try to help this man understand. It’s actually a shame this class warfare stuff is just ugly…very ugly. And I condemn those who use it.[/quote]

With all due respect FUCK YOU Zeb :slight_smile:

210

[quote]ZEB wrote:

[quote]strangemeadow wrote:

[quote]ZEB wrote:

[quote]strangemeadow wrote:

[quote]pittbulll wrote:
I think the real question here Zeb Do you understand Capital Gains taxes ? Have you ever paid them ? I have a couple years where my Capital Gains were %50 of my income .[/quote]
Dude, I’m in the top tax bracket, we pay 35% on our income. Then after tax, we invest some of that money. We then pay 15% capital gains tax.
What’s not to understand?
Sure there are deductions, but that’s the basics.
IF all of your income is from investments ie; capital gains, then sure, you only pay 15%.
But that’s only for the Warren Buffett types, not regular working people.[/quote]

The number of people who are actually wealthy enough to live off of capital gains income probably number less than 5,000 people.

That is just a guess but I’d be surprised if it were many more than that. And so what if there were? They earned the money paid the top tax percentage on it they then invested it and pay additional 15% on it and they are now wealthy.

When did that become wrong in America?

[/quote]
Oh, don’t get me wrong, I have no problem with it at all. I hope for it to be me in the next 10 years. It’s a goal we have. Seriously.
The misinformation both sides put out is outrageous. Like when the Dems say “Republicans are gonna cut your SS” Well, they propose cutting the planned increases, that’s all. If you get $100 a month in SS, and it’s slated to go to $110, the proposal is cut 50%. Of the proposal. So you’d get $105, not $50.
People who take the news at face value are sheep.
Baahhh…(pointed at you Pitbull)
[/quote]

Don’t point the finger at Pitt - In a way I understand exactly why he thinks what he thinks regarding the tax system. Do you realize how many times he’s heard people spew out disinformation? How would he actually know the truth?

That’s why I dropped my online persona (Yeah I get a little nasty) to really try to help this man understand. It’s actually a shame this class warfare stuff is just ugly…very ugly. And I condemn those who use it.[/quote]
I just don’t think he’s even open to learning the facts. Or at least it doesn’t seem so.
I agree the class warfare is disgusting, divisive and bad for everyone. It’s disheartening.
It seems to be a “them against us” thing.

211

Hey I would love to stay and chat but early to bed early to rise makes a man healthy wealthy and wise

212

[quote]pittbulll wrote:

[quote]strangemeadow wrote:

[quote]pittbulll wrote:

[quote]strangemeadow wrote:

[quote]ZEB wrote:

[quote]strangemeadow wrote:

[quote]pittbulll wrote:
I think the real question here Zeb Do you understand Capital Gains taxes ? Have you ever paid them ? I have a couple years where my Capital Gains were %50 of my income .[/quote]
Dude, I’m in the top tax bracket, we pay 35% on our income. Then after tax, we invest some of that money. We then pay 15% capital gains tax.
What’s not to understand?
Sure there are deductions, but that’s the basics.
IF all of your income is from investments ie; capital gains, then sure, you only pay 15%.
But that’s only for the Warren Buffett types, not regular working people.[/quote]

The number of people who are actually wealthy enough to live off of capital gains income probably number less than 5,000 people.

That is just a guess but I’d be surprised if it were many more than that. And so what if there were? They earned the money paid the top tax percentage on it they then invested it and pay additional 15% on it and they are now wealthy.

When did that become wrong in America?

[/quote]
Oh, don’t get me wrong, I have no problem with it at all. I hope for it to be me in the next 10 years. It’s a goal we have. Seriously.
The misinformation both sides put out is outrageous. Like when the Dems say “Republicans are gonna cut your SS” Well, they propose cutting the planned increases, that’s all. If you get $100 a month in SS, and it’s slated to go to $110, the proposal is cut 50%. Of the proposal. So you’d get $105, not $50.
People who take the news at face value are sheep.
Baahhh…(pointed at you Pitbull)
[/quote]

I do not understand your post , There is no disinformation that a dollar Mitt earns is worth 85 cents and mine is worth 67 cents what is disinformative about that . [/quote]
Right. His income now comes from investments. Your’s doesn’t. What’s the problem?

[/quote]

Problem is I a higher tax rate and he has A LOT more money . This is what the Occupy wall street and I believe the bases of the tea party is all about
[/quote]
Sounds like sour grapes, Robin Hood. The Occupy fuckheads are just lazy and jealous.

213

[quote]pittbulll wrote:

[quote]strangemeadow wrote:

[quote]pittbulll wrote:

[quote]strangemeadow wrote:

[quote]ZEB wrote:

[quote]strangemeadow wrote:

[quote]pittbulll wrote:
I think the real question here Zeb Do you understand Capital Gains taxes ? Have you ever paid them ? I have a couple years where my Capital Gains were %50 of my income .[/quote]
Dude, I’m in the top tax bracket, we pay 35% on our income. Then after tax, we invest some of that money. We then pay 15% capital gains tax.
What’s not to understand?
Sure there are deductions, but that’s the basics.
IF all of your income is from investments ie; capital gains, then sure, you only pay 15%.
But that’s only for the Warren Buffett types, not regular working people.[/quote]

The number of people who are actually wealthy enough to live off of capital gains income probably number less than 5,000 people.

That is just a guess but I’d be surprised if it were many more than that. And so what if there were? They earned the money paid the top tax percentage on it they then invested it and pay additional 15% on it and they are now wealthy.

When did that become wrong in America?

[/quote]
Oh, don’t get me wrong, I have no problem with it at all. I hope for it to be me in the next 10 years. It’s a goal we have. Seriously.
The misinformation both sides put out is outrageous. Like when the Dems say “Republicans are gonna cut your SS” Well, they propose cutting the planned increases, that’s all. If you get $100 a month in SS, and it’s slated to go to $110, the proposal is cut 50%. Of the proposal. So you’d get $105, not $50.
People who take the news at face value are sheep.
Baahhh…(pointed at you Pitbull)
[/quote]

I do not understand your post , There is no disinformation that a dollar Mitt earns is worth 85 cents and mine is worth 67 cents what is disinformative about that . [/quote]
Right. His income now comes from investments. Your’s doesn’t. What’s the problem?

[/quote]

Problem is I a higher tax rate and he has A LOT more money . This is what the Occupy wall street and I believe the bases of the tea party is all about
[/quote]

He paid a higher tax rate and got ahead and now is paying taxes again on that money at a lower rate.

The Occupy Wall Street movement is full of lazy degenerates by the way.

In America it is still possible to get rich and those dirty bastards don’t like that. They want things handed to them.

214

[quote]pittbulll wrote:

[quote]ZEB wrote:

[quote]strangemeadow wrote:

[quote]ZEB wrote:

[quote]strangemeadow wrote:

[quote]pittbulll wrote:
I think the real question here Zeb Do you understand Capital Gains taxes ? Have you ever paid them ? I have a couple years where my Capital Gains were %50 of my income .[/quote]
Dude, I’m in the top tax bracket, we pay 35% on our income. Then after tax, we invest some of that money. We then pay 15% capital gains tax.
What’s not to understand?
Sure there are deductions, but that’s the basics.
IF all of your income is from investments ie; capital gains, then sure, you only pay 15%.
But that’s only for the Warren Buffett types, not regular working people.[/quote]

The number of people who are actually wealthy enough to live off of capital gains income probably number less than 5,000 people.

That is just a guess but I’d be surprised if it were many more than that. And so what if there were? They earned the money paid the top tax percentage on it they then invested it and pay additional 15% on it and they are now wealthy.

When did that become wrong in America?

[/quote]
Oh, don’t get me wrong, I have no problem with it at all. I hope for it to be me in the next 10 years. It’s a goal we have. Seriously.
The misinformation both sides put out is outrageous. Like when the Dems say “Republicans are gonna cut your SS” Well, they propose cutting the planned increases, that’s all. If you get $100 a month in SS, and it’s slated to go to $110, the proposal is cut 50%. Of the proposal. So you’d get $105, not $50.
People who take the news at face value are sheep.
Baahhh…(pointed at you Pitbull)
[/quote]

Don’t point the finger at Pitt - In a way I understand exactly why he thinks what he thinks regarding the tax system. Do you realize how many times he’s heard people spew out disinformation? How would he actually know the truth?

That’s why I dropped my online persona (Yeah I get a little nasty) to really try to help this man understand. It’s actually a shame this class warfare stuff is just ugly…very ugly. And I condemn those who use it.[/quote]

With all due respect FUCK YOU Zeb :slight_smile:
[/quote]

People like you are why the many say “no good deed goes unpunished.”

For trying to help you I get a “fuck you.”

Got it.

215

[quote]strangemeadow wrote:

[quote]ZEB wrote:

[quote]strangemeadow wrote:

[quote]ZEB wrote:

[quote]strangemeadow wrote:

[quote]pittbulll wrote:
I think the real question here Zeb Do you understand Capital Gains taxes ? Have you ever paid them ? I have a couple years where my Capital Gains were %50 of my income .[/quote]
Dude, I’m in the top tax bracket, we pay 35% on our income. Then after tax, we invest some of that money. We then pay 15% capital gains tax.
What’s not to understand?
Sure there are deductions, but that’s the basics.
IF all of your income is from investments ie; capital gains, then sure, you only pay 15%.
But that’s only for the Warren Buffett types, not regular working people.[/quote]

The number of people who are actually wealthy enough to live off of capital gains income probably number less than 5,000 people.

That is just a guess but I’d be surprised if it were many more than that. And so what if there were? They earned the money paid the top tax percentage on it they then invested it and pay additional 15% on it and they are now wealthy.

When did that become wrong in America?

[/quote]
Oh, don’t get me wrong, I have no problem with it at all. I hope for it to be me in the next 10 years. It’s a goal we have. Seriously.
The misinformation both sides put out is outrageous. Like when the Dems say “Republicans are gonna cut your SS” Well, they propose cutting the planned increases, that’s all. If you get $100 a month in SS, and it’s slated to go to $110, the proposal is cut 50%. Of the proposal. So you’d get $105, not $50.
People who take the news at face value are sheep.
Baahhh…(pointed at you Pitbull)
[/quote]

Don’t point the finger at Pitt - In a way I understand exactly why he thinks what he thinks regarding the tax system. Do you realize how many times he’s heard people spew out disinformation? How would he actually know the truth?

That’s why I dropped my online persona (Yeah I get a little nasty) to really try to help this man understand. It’s actually a shame this class warfare stuff is just ugly…very ugly. And I condemn those who use it.[/quote]
I just don’t think he’s even open to learning the facts. Or at least it doesn’t seem so.
I agree the class warfare is disgusting, divisive and bad for everyone. It’s disheartening.
It seems to be a “them against us” thing.
[/quote]

From the bottom of my heart if I had to demonize one group and pit them against another in order to win an election I’d resign. But then I have a conscience and I think it’s apparent that Obama is not bothered with such things. And quite honestly most politicians aren’t

216

[quote]ZEB wrote:

[quote]Fletch1986 wrote:
It’s almost like starting two businesses by the same person.

Business A: taxed at 40%

Business B: taxed at 14%

Who are the people who can afford to put the most money into stock and thus make the most from it?

If you guessed the wealthy, you’re correct.

edit: Afford to put the largest percent of their income into stock to make it more correct[/quote]

Yes, and that means that it is more punitive to the rich than to any other group. They pay about 40% on the initial money earned and then pay an additional 15 percent on any profit made through any type of investment.

If you throw in state taxes, property tax and all the other taxes that they have to match if they have employee’s that can add up to well over 50% or 60% of the total.

[/quote]

I respectfully disagree about it being punitive to the rich. I’ll give you a scenario that’ll hopefully paint things the way I see it using two imaginary people.

Meet Jane. She’s a very well off woman and money was always in her family. Her regular income is taxed 40ish% and she puts about half her income after tax into stock. Keep in mind that even if that half dissappeared she would not be in any danger and her kids would still go to good colleges. Now her second source of income is only taxes at 14%.

Now meet Joe. He’s struggling financially. He’s not lazy, but he has many college loans to pay off, a family to support, and just found an entry level/little experience job for which he’s overqualified. It’s all he can find in the area and he can’t afford to move. To pay rent and keep up on loans and feed his family, Joe now has to take a second job. His wife just had the children and is taking care of them full time. Both jobs are taxed at 30%. He would love to invest money in stocks, but that’s not a viable choice because all of his income goes towards loans and grants.

Joe pays 30% on two incomes. Jane pays 40% on one income and only 14% on her second income. Additionally, Jane from the get go because of her family had much more discretionary income.

As I see it, this system is unfair to Joe. I’m not angry at Jane as I would take advantage of every opportunity I could and I do, but that doesn’t make the system right.

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[quote]Fletch1986 wrote:

[quote]ZEB wrote:

[quote]Fletch1986 wrote:
It’s almost like starting two businesses by the same person.

Business A: taxed at 40%

Business B: taxed at 14%

Who are the people who can afford to put the most money into stock and thus make the most from it?

If you guessed the wealthy, you’re correct.

edit: Afford to put the largest percent of their income into stock to make it more correct[/quote]

Yes, and that means that it is more punitive to the rich than to any other group. They pay about 40% on the initial money earned and then pay an additional 15 percent on any profit made through any type of investment.

If you throw in state taxes, property tax and all the other taxes that they have to match if they have employee’s that can add up to well over 50% or 60% of the total.

[/quote]

I respectfully disagree about it being punitive to the rich. I’ll give you a scenario that’ll hopefully paint things the way I see it using two imaginary people.

Meet Jane. She’s a very well off woman and money was always in her family. Her regular income is taxed 40ish% and she puts about half her income after tax into stock. Keep in mind that even if that half dissappeared she would not be in any danger and her kids would still go to good colleges. Now her second source of income is only taxes at 14%.

Now meet Joe. He’s struggling financially. He’s not lazy, but he has many college loans to pay off, a family to support, and just found an entry level/little experience job for which he’s overqualified. It’s all he can find in the area and he can’t afford to move. To pay rent and keep up on loans and feed his family, Joe now has to take a second job. His wife just had the children and is taking care of them full time. Both jobs are taxed at 30%. He would love to invest money in stocks, but that’s not a viable choice because all of his income goes towards loans and grants.

Joe pays 30% on two incomes. Jane pays 40% on one income and only 14% on her second income. Additionally, Jane from the get go because of her family had much more discretionary income.

As I see it, this system is unfair to Joe. I’m not angry at Jane as I would take advantage of every opportunity I could and I do, but that doesn’t make the system right. [/quote]
It doesn’t seems unfair at all. Different situation.

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My point is that system is great for those who already have money, but for those trying to rise above it can make things that much more difficult. Not saying it’s the worst system in that regard, just that it could be better.

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[quote]Fletch1986 wrote:
My point is that system is great for those who already have money, but for those trying to rise above it can make things that much more difficult. Not saying it’s the worst system in that regard, just that it could be better. [/quote]
I dunno, my wife and I went to school, had 1 planned child, saved, moved 11 times in 20 years for promotions. We lived well below our means and were fairly careful with our money. Now we do pretty well and we are penalized. Neither one of us come from any money at all. Army brat and single mom situation, maybe lower middle class at best. My honeymoon was my second vacation ever.
My point is priorities. You can have a career or a family. Or both. Both will require sacrifices of family time, that’s how it goes. Risk and reward coupled with priorities.

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[quote]strangemeadow wrote:
Now we do pretty well and we are penalized.
[/quote]

I definitely respect your overall post and situation, but I’m left wondering what the above quoted statement means. If you don’t mind, will you elaborate?