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I do not feel I should subsidize the gambling of anyone else. Why would you?
I do not feel I should subsidize the gambling of anyone else. Why would you?
They are capital gains taxes. They are taxed at a lower rate than other forms of income. It's also important to point out that these low tax rates only apply to long-term investments.
there we have it-investing is no different than feeding money into a slot machine
when one has that sort of "understanding" about investment capital, its no wonder one would have such a disdain of investment and the good it does
Its funny watching welfare socialists slurp Reagan without understanding the whole package.
Well, if you use a ridiculous hyperbolic phrase to describe it, then sure it sounds silly. Of course, just about anything can be dismissed that way.
A better statement would be that we're incentivizing investment in the US economy, which is more accurate as opposed to "subsidizing gambling," since the only real similarity between investment and gambling is the risk.
The whole package represents lower tax rates for the wealthy than under Reagan, and still they whine that they want even lower tax rates!!!
No. Its gambling and you want me to subsidize it for you.
No thank you.
Okay. That is my position. And what does that have to do with what you claimed I believed?
What you quoted me saying and what you claimed I believed are not the same.
we subsidize the sloth and unproductively of the millions of pawns the dem party has created with its handouts, and we have thus increased deleterious behavior that hurts our nation while investment helps it
It appears you like expenditures that increase dem voters but you dislike stuff that makes the country more prosperous
Perhaps, yet you seem to not mind deductions, credits, deferals and all sorts of nonsense that has a FAR greater effect on lowering the "average" or "middle class" tax bills (shrinks their AGI) than any "bracket rates" do. The rich pay WAY more than a "fair" share, based on taxation paid relative to their income, yet not a peep from you about this difference. The top income earners make 22% of the nations income, yet they NOW pay 38% of the nations taxes, you want that to increase MORE mainly for the top 1%. You want ALL income to be treated the SAME in one breath, then want the rich to pay more (at a higher rate) even though they clearly already do. You SAY you want inheritance taxed, yet duck every mention of taxation on the passing down of the family farmland or the average small business from parent to child. You ignore tax defered retirement (IRA/Keogh/401K) "investment" income for the "middle class", but want that same "investment" income taxed if it goes to a "rich guy". Calling the same thing a deduction/deferal for one taxpayer yet calling it "gambling income" for another makes NO sense to me.
More pompous pontifications based only upon your extremist and elitist beliefs.
By all means do present your verifiable factual evidence about making the country more prosperous because of long term capital gains preferences.
tell us what would happen if there was no investment capital
versus no people sucking on the public teat
was that a TWILIGHT ZONE EPISODE or an OUTER LIMITS?
SIX can be three plus three.
SIX can be eight minus two.
SIX can the four plus two.
SIX can be twelve divided by two.
Its still six no matter how you do the math.
And its still risk and you are asking me to subsidize it regardless if it is investing in stocks or rollin the dice at Vegas. Risk is risk is risk. No taxpayer should have to subsidize it for another.
You need to pay the same amount of taxes I do before you start whining about the rich again.
People like me subsidize your low rates
tell us what would happen if there was no investment capital
If the rich can't solve the spending problem by paying more, then where is the problem with government spending? Are the rich suppressing the masses from earning a living wage, so that they need gov assistance or is the gov simply wasting money or is it all the above?
If your income comes primarily from investments, as does Romneys, I pay a higher total tax rate on my income that do you. People like me subsidize your low rates.
No I do not. I think if you got rid of loopholes and wound it back to Clinton era they would pay about what they should be paying. As for the rest of us, I think all of us making over $20,000 should be paying more federal taxes than we do right now. I don't want to, but even if we were to bring down war and welfare spending to pre-9/11 levels it would take awhile to balance everything back out and quit borrowing from other countries.
Show your math.
You DO realize that eight and twelve do not exist on die at Vegas...right?
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