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NY bill S2727


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2021 Jan 31, 9:00pm   800 views  7 comments

by indc   ➕follow (0)   💰tip   ignore  

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.

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1   Patrick   2021 Jan 31, 9:38pm  

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   2021 Feb 1, 4:17am  

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   RWSGFY   2021 Feb 2, 6:52am  

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


This.
4   ForcedTQ   2021 Feb 2, 7:19am  

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.)
5   MisdemeanorRebel   2021 Feb 2, 8:54am  

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)
6   RWSGFY   2021 Feb 2, 9:25am  

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.
7   Patrick   2021 Feb 2, 9:37pm  

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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