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NY bill S2727

By indc follow indc   2021 Jan 31, 9:00pm 270 views   9 comments   watch   nsfw   quote   share    


https://twitter.com/Mahesh8524/status/1343501167251222528/photo/1

Dont democrats have no other Job than to pass such stupid bills. They want to ban swastika, instead of the hooked cross hakenkreuz. The term used by Hitler.

1   Patrick   ignore (1)   2021 Jan 31, 9:38pm     ↓ dislike (0)   quote   flag      

indc says
Dont democrats have no other Job than to pass such stupid bills.


@indc They are doing their job of distracting everyone with stupid divisive shit so that we don't ask important questions. And they are doing it well!

Example: Why is the capital gains tax only 15% when successful people who actually work for their money pay up to 37% federal tax?

The answer is that the 15% capital gains rate regardless of income keeps Jeff Bezos and other major Democratic donors ridiculously rich.

We are not supposed to ask this question, or talk about it, and it is definitely not in the press nearly as much as the divisive stupid shit. Mission accomplished.

Democrats work for billionaires, not for us.

https://www.forbes.com/sites/michelatindera/2019/11/18/here-are-the-billionaires-funding-the-democratic-presidential-candidates-as-of-september-2019/
2   thenuttyneutron   ignore (0)   2021 Feb 1, 4:17am     ↓ dislike (0)   quote   flag      

indc says
https://twitter.com/Mahesh8524/status/1343501167251222528/photo/1

Dont democrats have no other Job than to pass such stupid bills. They want to ban swastika, instead of the hooked cross hakenkreuz. The term used by Hitler.



Why are they intolerant to the Hindus? The swastika is a religious symbol for many of them.
3   HunterTits   ignore (4)   2021 Feb 2, 6:46am     ↓ dislike (0)   quote   flag      

Patrick says
Example: Why is the capital gains tax only 15% when successful people who actually work for their money pay up to 37% federal tax?

The answer is that the 15% capital gains rate regardless of income keeps Jeff Bezos and other major Democratic donors ridiculously rich.


No. Because of supply & demand.

There are only a few holders of capital relative to those who need that capital. And they will sit on it (like park it in treasuries) or move it elsewhere (capital flight) rather than invest it in more productive uses if it is taxed too much compared to these other options.

Just like rich ppl flee the bluetard states when they get taxed to much on income there, too.

Fundamentally, the real question is why is anyone paying up to 37% of federal tax in any situation?
4   FuckCCP89   ignore (5)   2021 Feb 2, 6:52am     ↓ dislike (0)   quote   flag      

HunterTits says
Fundamentally, the real question is why is anyone paying up to 37% of federal tax in any situation?


This.
5   ForcedTQ   ignore (0)   2021 Feb 2, 7:19am     ↓ dislike (0)   quote   flag      

FuckCCP89 says
HunterTits says
Fundamentally, the real question is why is anyone paying up to 37% of federal tax in any situation?


This.


Exactly, this all day long. The issue is that we have allowed the shitshow that is current taxation and spending. They say they need the money and so tax us ( and print whatever debt they feel they can get away with without causing mass rebellion.) The Fed Government needs to be downsized back to what the Constitution allows, that’s where this all needs to start. Over 90% of the shit they do is unconstitutional and or duplication of effort that the States kept for themselves to process as they see fit (as their independent residents saw fit.)
6   MisdemeanorRebel   ignore (3)   2021 Feb 2, 8:54am     ↓ dislike (0)   quote   flag      

You only pay capital gains when you sell, not when it's invested.

There's actually TOO MUCH liquidity, making it impossible to get a reasonable return on savings. We're had pitiful interest rates for decades now. It makes housing way more expensive and impossible for seniors who have invested in higher risk equities to now shift it into lower-risk CDs.

Making money with money should be taxed higher than producing new value through labor. Or at least be neutral.

There's no reason why Hedge Funds shouldn't be paying the income rate instead of the capital gains rate. Doesn't a a Used Car Dealership pay Corp/Personal Income Tax and not capital gains on buying and selling used vehicles? Why are hedgies paying capital gains for buying and selling securities?

Also, if you can't borrow your neighbor's house/car/business partnership and sell it short, why can you do it with his shares without his permission? Short selling is fine, if you get somebody's personal agreement to do so, or your own. Being able to borrow and short sell more shares than exist is bizarre.

The income tax should be a flat 12% and capital gains should be 18/36% (long/short)
7   FuckCCP89   ignore (5)   2021 Feb 2, 9:25am     ↓ dislike (0)   quote   flag      

NoCoupForYou says
Being able to borrow and short sell more shares than exist is bizarre.


It's a loophole which needs to be welded shut.
8   HunterTits   ignore (4)   2021 Feb 2, 10:51am     ↓ dislike (0)   quote   flag      

NoCoupForYou says
You only pay capital gains when you sell, not when it's invested


Yes, you are paying for what earnings from that capital investment. It is the act of capital investment that drives the economy, not that happens afterwards (consumption), despite what the Keynesiantards insist upon.

NoCoupForYou says
Making money with money should be taxed higher than producing new value through labor


Let's see. X = 0, $XXX still equals $000 when owners of capital go on strike with their capital. That's why.

NoCoupForYou says
Doesn't a a Used Car Dealership pay Corp/Personal Income Tax and not capital gains on buying and selling used vehicles?


Because they are not the same activity as far as the tax code is concerned; in reality I suspect that their capital is not as mobile as investors' is that is the cause.

NoCoupForYou says
The income tax should be a flat 12% and capital gains should be 18/36% (long/short)


Flat tax means flat tax with one rate on all forms of income. So saying it should be a flat 12% then saying tax on income from capital gains should be different is contradictory. :)

As for what hedgies do...that's a different story.
9   Patrick   ignore (1)   2021 Feb 2, 9:37pm     ↓ dislike (0)   quote   flag      

NoCoupForYou says
Why are hedgies paying capital gains for buying and selling securities?


It's even less than that if I understand correctly. I think there are special laws which apply only to hedge funds which let them pay approximately nothing.

https://www.investopedia.com/articles/investing/072215/how-private-equity-and-hedge-funds-are-taxed.asp

HunterTits says
NoCoupForYou says
Making money with money should be taxed higher than producing new value through labor


Let's see. X = 0, $XXX still equals $000 when owners of capital go on strike with their capital. That's why.


I think it's not that way any more. The Fed just prints up a storm and lends it to create "capital" that pretty much makes private savings irrelevant, no?

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