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Thread: State of the Union Address

  1. #1051
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    Re: State of the Union Address

    Quote Originally Posted by TurtleDude View Post
    You know well that there have been dozens of posts explaining why LONG term capital gains are taxed less

    those include

    1) the risk element
    2) to stimulate investment
    3) the diminishing of the investment due to inflation

    and it is why SHORT TERM capital gains are taxed the same as earned income

    what is pathetic is people who are mad that some can avoid having earned income while having no problem with so many voters having no income tax
    1) Risk is part of investing. It isn't a justification for preferential treatment by the government. Why should the taxpayers subsidize your risky behavior? Has this sort of thing ever come back to bite us on the ass?

    2) There is no convincing evidence that lower LTCG rates spur investment.

    3) Diminishing investment due to inflation is one reason why people invest in stocks, as opposed to holding cash. It isn't a justification for a preferential tax rate.

  2. #1052
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    Re: State of the Union Address

    Quote Originally Posted by TurtleDude View Post
    and your position is based on what advances the interests of the party that you work for and the union that you were a member of
    Actually, my position on taxation is based on my love for America and its people.

    My position on corporate taxes and individual income taxes NOT being double taxation is based on the law itself and reality.

    If I quit my job today - that would not change.
    Last edited by haymarket; 01-27-12 at 12:12 PM.
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  3. #1053
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    Re: State of the Union Address

    Quote Originally Posted by AdamT View Post
    1) Risk is part of investing. It isn't a justification for preferential treatment by the government. Why should the taxpayers subsidize your risky behavior? Has this sort of thing ever come back to bite us on the ass?

    2) There is no convincing evidence that lower LTCG rates spur investment.

    3) Diminishing investment due to inflation is one reason why people invest in stocks, as opposed to holding cash. It isn't a justification for a preferential tax rate.
    there is no evidence that taxing the rich more does anything to help society. When GHWB compromised with the dems the dems were supposed to cut spending. Didn't happen. Didn't happen with Reagan either

    and why should we subsidize people who make poor life choices. like those who drop out of school and cannot find productive work. and you don't seem to understand that not taking more and more is not subsidizing. subsidizing risky behavior would be taxing people to make up for capital losses which I oppose.

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    Re: State of the Union Address

    Quote Originally Posted by haymarket View Post
    Actually, my position on taxation is based on my love for America and its people.

    My position on corporate taxes and individual income taxes NOT being double taxation is based on the law itself and reality.

    If I quite my job today - that would not change.
    I have to leave the board on that one, I just laugh-snarfed mountain dew all over my trousers and have to go change

    your position is about taking more money from the wealthy

    nothing more nothing less

  5. #1055
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    Re: State of the Union Address

    Quote Originally Posted by haymarket View Post
    It means what you "own" is a share in the company.
    So by extension does that mean that I "own" is a share in the company's profit?

  6. #1056
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    Re: State of the Union Address

    Quote Originally Posted by TurtleDude View Post
    you can pretend its different entities BEING taxed but it is the same ENTITY TAKING the money
    I don't think you understand how corporations work in legal terms. Shareholders are completely separate from the corporation.

    That's the cost of having the benefits and personal legal protection corporations provide.
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    Re: State of the Union Address

    Quote Originally Posted by haymarket View Post
    Again, for at least the tenth time from the Wikipedia article on CORPORATIONS - in fact the opening lines

    A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members
    Not that this is going to do any good.
    Does this imply that the corporationís PROFITS are separate from its members?

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    Re: State of the Union Address

    Quote Originally Posted by TurtleDude View Post
    there is no evidence that taxing the rich more does anything to help society.
    To the contrary. When we had a more progressive tax code we had lower deficits, and for a time, even a surplus. It was only after Reagan flattened tax rates that our deficits and debt began to explode.

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    Re: State of the Union Address

    Quote Originally Posted by Tettsuo View Post
    I don't think you understand how corporations work in legal terms. Shareholders are completely separate from the corporation.

    That's the cost of having the benefits and personal legal protection corporations provide.
    With SPECIFIC regards to profits, how so?

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    Re: State of the Union Address

    Quote Originally Posted by AdamT View Post
    To the contrary. When we had a more progressive tax code we had lower deficits, and for a time, even a surplus. It was only after Reagan flattened tax rates that our deficits and debt began to explode.
    Prove that we had lower deficits as a result of higher taxes on the rich? You don't seem to understand the unified budget nor do you understand the Tax Reduction Act of 1997. You continue to play your game

    http://en.wikipedia.org/wiki/Taxpaye...ef_Act_of_1997
    Last edited by Conservative; 01-27-12 at 12:07 PM.

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