Why do the Republicans think we should CUT TAXES FOR THE WEALTHY when we have TWO FUCKING WARS TO FIGHT/PAY FOR? RAISE TAXES ON the 1% Dont let them off the fucking hook!


in a saner era, a Republican presidential candidate worth $250 million who paid taxes at the rate of 13.9 percent on $20 million in income would never make further tax cuts for the top the centerpiece of his agenda when we still have nearly 80,000 troops in Afghanistan.


After Sept. 11 and two wars, no way for GOP to defend tax cuts


http://www.washingtonpost.com/opinions/matt-miller-after-sept-11-shared-sacrifice-did-not-extend-to-taxes/2012/09/10/bb2bb660-fbaa-11e1-b153-218509a954e1_story.html?hpid=z3

ferfux Wrote:
-------------------------------------------------------
> Why do the Republicans think we should CUT TAXES
> FOR THE WEALTHY when we have TWO FUCKING WARS TO
> FIGHT/PAY FOR? RAISE TAXES ON the 1% Dont let
> them off the fucking hook!
>
>
> in a saner era, a Republican presidential
> candidate worth $250 million who paid taxes at the
> rate of 13.9 percent on $20 million in income
> would never make further tax cuts for the top the
> centerpiece of his agenda when we still have
> nearly 80,000 troops in Afghanistan.
>
>
> After Sept. 11 and two wars, no way for GOP to
> defend tax cuts
>
>
> http://www.washingtonpost.com/opinions/matt-miller
> -after-sept-11-shared-sacrifice-did-not-extend-to-
> taxes/2012/09/10/bb2bb660-fbaa-11e1-b153-218509a95
> 4e1_story.html?hpid=z3


Two wars?

whendidIraqstartupagain Wrote:
-------------------------------------------------------
> ferfux Wrote:
> --------------------------------------------------
> -----
> > Why do the Republicans think we should CUT
> TAXES
> > FOR THE WEALTHY when we have TWO FUCKING WARS
> TO
> > FIGHT/PAY FOR? RAISE TAXES ON the 1% Dont let
> > them off the fucking hook!
> >
> >
> > in a saner era, a Republican presidential
> > candidate worth $250 million who paid taxes at
> the
> > rate of 13.9 percent on $20 million in income
> > would never make further tax cuts for the top
> the
> > centerpiece of his agenda when we still have
> > nearly 80,000 troops in Afghanistan.
> >
> >
> > After Sept. 11 and two wars, no way for GOP to
> > defend tax cuts
> >
> >
> >
> http://www.washingtonpost.com/opinions/matt-miller
>
> >
> -after-sept-11-shared-sacrifice-did-not-extend-to-
>
> >
> taxes/2012/09/10/bb2bb660-fbaa-11e1-b153-218509a95
>
> > 4e1_story.html?hpid=z3
>
>
> Two wars?

saner?

ferfux Wrote:
-------------------------------------------------------
>
> in a saner era, a Republican presidential
> candidate worth $250 million who paid taxes at the
> rate of 13.9 percent on $20 million in income...

It is capital gains, not income. Please learn the difference and the applicable tax rate before you spout off about things of which you know nothing.

Two Wars? Wrote:
-------------------------------------------------------
> ferfux Wrote:
> --------------------------------------------------
> -----
> >
> > in a saner era, a Republican presidential
> > candidate worth $250 million who paid taxes at
> the
> > rate of 13.9 percent on $20 million in
> income...
>
> It is capital gains, not income. Please learn the
> difference and the applicable tax rate before you
> spout off about things of which you know nothing.


its about PAYING YOUR FAIR SAHRE AND NOT HIDING BEHIND "oh its capital gain not this and that" BULLSHIT its INCOME fucker INCOME no matter WHAT you call it!!!!!!!!!!!!!!!!!!!!!!!!!!!

whendidIraqstartupagain Wrote:

>
> Two wars?


The war may be "over" but the debt remains. give up you suck

.



Edited 1 time(s). Last edit at 09/11/2012 02:30PM by damuri.

Two Wars? Wrote:
-------------------------------------------------------
> ferfux Wrote:
> --------------------------------------------------
> -----
> >
> > in a saner era, a Republican presidential
> > candidate worth $250 million who paid taxes at
> the
> > rate of 13.9 percent on $20 million in
> income...
>
> It is capital gains, not income. Please learn the
> difference and the applicable tax rate before you
> spout off about things of which you know nothing.


The capital gains tax IS an income tax you moron.

ferfux Wrote:
-------------------------------------------------------
> Two Wars? Wrote:
> --------------------------------------------------
> -----
> > ferfux Wrote:
> >
> --------------------------------------------------
>
> > -----
> > >
> > > in a saner era, a Republican presidential
> > > candidate worth $250 million who paid taxes
> at
> > the
> > > rate of 13.9 percent on $20 million in
> > income...
> >
> > It is capital gains, not income. Please learn
> the
> > difference and the applicable tax rate before
> you
> > spout off about things of which you know
> nothing.
>
>
> its about PAYING YOUR FAIR SAHRE AND NOT HIDING
> BEHIND "oh its capital gain not this and that"
> BULLSHIT its INCOME fucker INCOME no matter WHAT
> you call it!!!!!!!!!!!!!!!!!!!!!!!!!!!

This is especially true in Mitt Romney's case because much of the money in his case is compensation, not investment income.

damuri Wrote:
-------------------------------------------------------
> Two Wars? Wrote:
> --------------------------------------------------
> -----
> > ferfux Wrote:
> >
> --------------------------------------------------
>
> > -----
> > >
> > > in a saner era, a Republican presidential
> > > candidate worth $250 million who paid taxes
> at
> > the
> > > rate of 13.9 percent on $20 million in
> > income...
> >
> > It is capital gains, not income. Please learn
> the
> > difference and the applicable tax rate before
> you
> > spout off about things of which you know
> nothing.
>
>
> The capital gains tax IS an income tax you moron.

Then why is it SOOOO MUCH LOWER? FUCK YOU

damuri Wrote:
-------------------------------------------------------
> Two Wars? Wrote:
> --------------------------------------------------
> -----
> > ferfux Wrote:
> >
> --------------------------------------------------
>
> > -----
> > >
> > > in a saner era, a Republican presidential
> > > candidate worth $250 million who paid taxes
> at
> > the
> > > rate of 13.9 percent on $20 million in
> > income...
> >
> > It is capital gains, not income. Please learn
> the
> > difference and the applicable tax rate before
> you
> > spout off about things of which you know
> nothing.
>
>
> The capital gains tax IS an income tax you moron.


I know it is difficult for you to understand the differences between ordinary income and a capital gain and how they are taxed. It is especially tough for you in an election year when your head is up your ass, so if you take it out you can read exactly what a capital gain is from your friends at the IRS.

Ten Important Facts About Capital Gains and Losses
IRS Tax Tip 2011-35, February 18, 2011

Did you know that almost everything you own and use for personal or investment purposes is a capital asset? Capital assets include a home, household furnishings and stocks and bonds held in a personal account. When a capital asset is sold, the difference between the amount you paid for the asset and the amount you sold it for is a capital gain or capital loss.

Here are ten facts from the IRS about gains and losses and how they can affect your Federal income tax return.

1.Almost everything you own and use for personal purposes, pleasure or investment is a capital asset.


2.When you sell a capital asset, the difference between the amount you sell it for and your basis – which is usually what you paid for it – is a capital gain or a capital loss.


3.You must report all capital gains.


4.You may deduct capital losses only on investment property, not on property held for personal use.


5.Capital gains and losses are classified as long-term or short-term, depending on how long you hold the property before you sell it. If you hold it more than one year, your capital gain or loss is long-term. If you hold it one year or less, your capital gain or loss is short-term.


6.If you have long-term gains in excess of your long-term losses, you have a net capital gain to the extent your net long-term capital gain is more than your net short-term capital loss, if any.


7.The tax rates that apply to net capital gain are generally lower than the tax rates that apply to other income. For 2010, the maximum capital gains rate for most people is 15%. For lower-income individuals, the rate may be 0% on some or all of the net capital gain. Special types of net capital gain can be taxed at 25% or 28%.


8.If your capital losses exceed your capital gains, the excess can be deducted on your tax return and used to reduce other income, such as wages, up to an annual limit of $3,000, or $1,500 if you are married filing separately.


9.If your total net capital loss is more than the yearly limit on capital loss deductions, you can carry over the unused part to the next year and treat it as if you incurred it in that next year.


10.Capital gains and losses are reported on Schedule D, Capital Gains and Losses, and then transferred to line 13 of Form 1040.

For more information about reporting capital gains and losses, see the Schedule D instructions, Publication 550, Investment Income and Expenses or Publication 17, Your Federal Income Tax. All forms and publications are available on this website or by calling 800-TAX-FORM (800-829-3676).


http://www.irs.gov/uac/Ten-Important-Facts-About-Capital-Gains-and-Losses

ferfux Wrote:
-------------------------------------------------------
> Two Wars? Wrote:
> --------------------------------------------------
> -----
> > ferfux Wrote:
> >
> --------------------------------------------------
>
> > -----
> > >
> > > in a saner era, a Republican presidential
> > > candidate worth $250 million who paid taxes
> at
> > the
> > > rate of 13.9 percent on $20 million in
> > income...
> >
> > It is capital gains, not income. Please learn
> the
> > difference and the applicable tax rate before
> you
> > spout off about things of which you know
> nothing.
>
>
> its about PAYING YOUR FAIR SAHRE AND NOT HIDING
> BEHIND "oh its capital gain not this and that"
> BULLSHIT its INCOME fucker INCOME no matter WHAT
> you call it!!!!!!!!!!!!!!!!!!!!!!!!!!!

If you were half the independant thinker you claim to be you would understand that, in general, that is not fair to put people in two classes 1) Rich 2) Poor. Using income as a dividing line is completely absurb. A 23 year old single female who recently college grad living in a Northeast city earning 50K/year has very little in common with a 54 year old male, highschool educated, truck driver, married with 3 kids living in rural Arkansas who also makes 50K/year.

Ending the tax cuts on the rich would .. by this calculation bring in an additional $80 billion dollars.
http://www.washingtonpost.com/business/economy/ending-bush-tax-cuts-for-rich-would-save-just-28-billion-in-2013-analysts-say/2012/07/19/gJQAW0m0vW_story.html

Our federal deficit is looking to be about 1.1 trillion dollars by the end of this year
http://www.huffingtonpost.com/2012/08/22/cbo-budget-deficit-fiscal-cliff_n_1821504.html

I personally think our government wastes massive amount of money BUT! I am willing to get behind the tax hike on the rich. Yes I will agree to taxing the rich more under 1 condition. The government cuts 1.02 trillion dollars in yearly spending first. If congress and the president wont do this, I really dont see why any one of us rich or poor should send another dime to Washington that we dont have to.

We could afford the war effort if we could get your lazy ass off welfare.

Hay Zeus Wrote:

> If you were half the independant thinker you claim
> to be you would understand that, in general, that
> is not fair to put people in two classes 1) Rich
> 2) Poor. Using income as a dividing line is
> completely absurb. A 23 year old single female who
> recently college grad living in a Northeast city
> earning 50K/year has very little in common with a
> 54 year old male, highschool educated, truck
> driver, married with 3 kids living in rural
> Arkansas who also makes 50K/year.


And neither of those two people are the 1%. WHo NEED TO PAY THEIR FAIR SHARE IN TAXES TO PAY DOWN THE WAR DEBTS. Get it? I doubt that you do. The Republicans have LOST THEIR minds in CUTTING TAXES while trying to wage TWO WARS.

Two Wars? Wrote:
-------------------------------------------------------
> damuri Wrote:
> --------------------------------------------------
> -----
> > Two Wars? Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > ferfux Wrote:
> > >
> >
> --------------------------------------------------
>
> >
> > > -----
> > > >
> > > > in a saner era, a Republican presidential
> > > > candidate worth $250 million who paid taxes
> > at
> > > the
> > > > rate of 13.9 percent on $20 million in
> > > income...
> > >
> > > It is capital gains, not income. Please learn
> > the
> > > difference and the applicable tax rate before
> > you
> > > spout off about things of which you know
> > nothing.
> >
> >
> > The capital gains tax IS an income tax you
> moron.
>
>
> I know it is difficult for you to understand the
> differences between ordinary income and a capital
> gain and how they are taxed. It is especially
> tough for you in an election year when your head
> is up your ass, so if you take it out you can read
> exactly what a capital gain is from your friends
> at the IRS.
>
> Ten Important Facts About Capital Gains and
> Losses
> IRS Tax Tip 2011-35, February 18, 2011
>
> Did you know that almost everything you own and
> use for personal or investment purposes is a
> capital asset? Capital assets include a home,
> household furnishings and stocks and bonds held in
> a personal account. When a capital asset is sold,
> the difference between the amount you paid for the
> asset and the amount you sold it for is a capital
> gain or capital loss.
>
> Here are ten facts from the IRS about gains and
> losses and how they can affect your Federal income
> tax return.
>
> 1.Almost everything you own and use for personal
> purposes, pleasure or investment is a capital
> asset.
>
>
> 2.When you sell a capital asset, the difference
> between the amount you sell it for and your basis
> – which is usually what you paid for it – is a
> capital gain or a capital loss.
>
>
> 3.You must report all capital gains.
>
>
> 4.You may deduct capital losses only on investment
> property, not on property held for personal use.
>
>
> 5.Capital gains and losses are classified as
> long-term or short-term, depending on how long you
> hold the property before you sell it. If you hold
> it more than one year, your capital gain or loss
> is long-term. If you hold it one year or less,
> your capital gain or loss is short-term.
>
>
> 6.If you have long-term gains in excess of your
> long-term losses, you have a net capital gain to
> the extent your net long-term capital gain is more
> than your net short-term capital loss, if any.
>
>
> 7.The tax rates that apply to net capital gain are
> generally lower than the tax rates that apply to
> other income. For 2010, the maximum capital gains
> rate for most people is 15%. For lower-income
> individuals, the rate may be 0% on some or all of
> the net capital gain. Special types of net capital
> gain can be taxed at 25% or 28%.
>
>
> 8.If your capital losses exceed your capital
> gains, the excess can be deducted on your tax
> return and used to reduce other income, such as
> wages, up to an annual limit of $3,000, or $1,500
> if you are married filing separately.
>
>
> 9.If your total net capital loss is more than the
> yearly limit on capital loss deductions, you can
> carry over the unused part to the next year and
> treat it as if you incurred it in that next year.
>
>
> 10.Capital gains and losses are reported on
> Schedule D, Capital Gains and Losses, and then
> transferred to line 13 of Form 1040.
>
> For more information about reporting capital gains
> and losses, see the Schedule D instructions,
> Publication 550, Investment Income and Expenses or
> Publication 17, Your Federal Income Tax. All forms
> and publications are available on this website or
> by calling 800-TAX-FORM (800-829-3676).
>
>
> http://www.irs.gov/uac/Ten-Important-Facts-About-C
> apital-Gains-and-Losses

why you just pile it HIGHER and DEEPER dont you? Capiutal Gains SHOULD be TAXED AT A HIGHER RATE THAN IT IS plain and simple. Your Bullshit smoke and mirrors doesnt change the fact that it is NOT fair.

ferfux Wrote:
-------------------------------------------------------

>
> why you just pile it HIGHER and DEEPER dont you?
> Capiutal Gains SHOULD be TAXED AT A HIGHER RATE
> THAN IT IS plain and simple. Your Bullshit smoke
> and mirrors doesnt change the fact that it is NOT
> fair.


And what then happens to the cost of capital to build schools, roads, pay for public operations, and the taxes which pay the interest on that capital?

Back 2 School Wrote:
-------------------------------------------------------
> ferfux Wrote:
> --------------------------------------------------
> -----
>
> >
> > why you just pile it HIGHER and DEEPER dont you?
>
> > Capiutal Gains SHOULD be TAXED AT A HIGHER RATE
> > THAN IT IS plain and simple. Your Bullshit
> smoke
> > and mirrors doesnt change the fact that it is
> NOT
> > fair.
>
>
> And what then happens to the cost of capital to
> build schools, roads, pay for public operations,
> and the taxes which pay the interest on that
> capital?

oh really? WHAT about the Republican plan to cut the fuck out of all that ANYWAY and spend the entire US budget on Defense spending? YOUR ARGUMENT IS INVALID

ferfux Wrote:
-------------------------------------------------------
> Back 2 School Wrote:
> --------------------------------------------------
> -----
> > ferfux Wrote:
> >
> --------------------------------------------------
>
> > -----
> >
> > >
> > > why you just pile it HIGHER and DEEPER dont
> you?
> >
> > > Capiutal Gains SHOULD be TAXED AT A HIGHER
> RATE
> > > THAN IT IS plain and simple. Your Bullshit
> > smoke
> > > and mirrors doesnt change the fact that it is
> > NOT
> > > fair.
> >
> >
> > And what then happens to the cost of capital to
> > build schools, roads, pay for public
> operations,
> > and the taxes which pay the interest on that
> > capital?
>
> oh really? WHAT about the Republican plan to cut
> the fuck out of all that ANYWAY and spend the
> entire US budget on Defense spending? YOUR
> ARGUMENT IS INVALID


Stop spewing MSNBC talking points and answer the question...

When you raise the cost/lower the return by increasing taxes on capital investment, what then happens to the cost of capital to build schools, roads, pay for public operations, and the taxes which pay the interest on that capital?

More BS isn't an answer Wrote:
-------------------------------------------------------
> ferfux Wrote:
> --------------------------------------------------
> -----
> > Back 2 School Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > ferfux Wrote:
> > >
> >
> --------------------------------------------------
>
> >
> > > -----
> > >
> > > >
> > > > why you just pile it HIGHER and DEEPER dont
> > you?
> > >
> > > > Capiutal Gains SHOULD be TAXED AT A HIGHER
> > RATE
> > > > THAN IT IS plain and simple. Your Bullshit
> > > smoke
> > > > and mirrors doesnt change the fact that it
> is
> > > NOT
> > > > fair.
> > >
> > >
> > > And what then happens to the cost of capital
> to
> > > build schools, roads, pay for public
> > operations,
> > > and the taxes which pay the interest on that
> > > capital?
> >
> > oh really? WHAT about the Republican plan to
> cut
> > the fuck out of all that ANYWAY and spend the
> > entire US budget on Defense spending? YOUR
> > ARGUMENT IS INVALID
>
>
> Stop spewing MSNBC talking points and answer the
> question...
>
> When you raise the cost/lower the return by
> increasing taxes on capital investment, what then
> happens to the cost of capital to build schools,
> roads, pay for public operations, and the taxes
> which pay the interest on that capital?


Ah yes another Money laundering SCAM that the rich used to bilk tax payers out of yet more filthy Lucre! What indeed would become of all that? We'd be better off if the rich paid into the system by being TAXED fairly Like the rest of us on their prescious Capital GAINS. All your pandering and rationalizing doesnt change that fact at all. its ALL BS and you KNOW IT!

ferfux Wrote:
-------------------------------------------------------
> More BS isn't an answer Wrote:
> --------------------------------------------------
> -----
> > ferfux Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > Back 2 School Wrote:
> > >
> >
> --------------------------------------------------
>
> >
> > > -----
> > > > ferfux Wrote:
> > > >
> > >
> >
> --------------------------------------------------
>
> >
> > >
> > > > -----
> > > >
> > > > >
> > > > > why you just pile it HIGHER and DEEPER
> dont
> > > you?
> > > >
> > > > > Capiutal Gains SHOULD be TAXED AT A
> HIGHER
> > > RATE
> > > > > THAN IT IS plain and simple. Your
> Bullshit
> > > > smoke
> > > > > and mirrors doesnt change the fact that
> it
> > is
> > > > NOT
> > > > > fair.
> > > >
> > > >
> > > > And what then happens to the cost of
> capital
> > to
> > > > build schools, roads, pay for public
> > > operations,
> > > > and the taxes which pay the interest on
> that
> > > > capital?
> > >
> > > oh really? WHAT about the Republican plan to
> > cut
> > > the fuck out of all that ANYWAY and spend the
> > > entire US budget on Defense spending? YOUR
> > > ARGUMENT IS INVALID
> >
> >
> > Stop spewing MSNBC talking points and answer
> the
> > question...
> >
> > When you raise the cost/lower the return by
> > increasing taxes on capital investment, what
> then
> > happens to the cost of capital to build
> schools,
> > roads, pay for public operations, and the taxes
> > which pay the interest on that capital?
>
>
> Ah yes another Money laundering SCAM that the rich
> used to bilk tax payers out of yet more filthy
> Lucre! What indeed would become of all that?
> We'd be better off if the rich paid into the
> system by being TAXED fairly Like the rest of us
> on their prescious Capital GAINS. All your
> pandering and rationalizing doesnt change that
> fact at all. its ALL BS and you KNOW IT!


And once again you avoid the question only to go off into more talking point BS...

When you raise the cost/lower the return by increasing taxes on capital investment, what then happens to the cost of capital to build schools, roads, pay for public operations, and the taxes which pay the interest on that capital?

I guess they didn't explain that part when promoting the class warfare BS on MSNBC and Daily Kos.

Oh yeah, guess who then pays for the increased costs?

You can run, but ... Wrote:
-------------------------------------------------------
> ferfux Wrote:
> --------------------------------------------------
> -----
> > More BS isn't an answer Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > ferfux Wrote:
> > >
> >
> --------------------------------------------------
>
> >
> > > -----
> > > > Back 2 School Wrote:
> > > >
> > >
> >
> --------------------------------------------------
>
> >
> > >
> > > > -----
> > > > > ferfux Wrote:
> > > > >
> > > >
> > >
> >
> --------------------------------------------------
>
> >
> > >
> > > >
> > > > > -----
> > > > >
> > > > > >
> > > > > > why you just pile it HIGHER and DEEPER
> > dont
> > > > you?
> > > > >
> > > > > > Capiutal Gains SHOULD be TAXED AT A
> > HIGHER
> > > > RATE
> > > > > > THAN IT IS plain and simple. Your
> > Bullshit
> > > > > smoke
> > > > > > and mirrors doesnt change the fact that
> > it
> > > is
> > > > > NOT
> > > > > > fair.
> > > > >
> > > > >
> > > > > And what then happens to the cost of
> > capital
> > > to
> > > > > build schools, roads, pay for public
> > > > operations,
> > > > > and the taxes which pay the interest on
> > that
> > > > > capital?
> > > >
> > > > oh really? WHAT about the Republican plan
> to
> > > cut
> > > > the fuck out of all that ANYWAY and spend
> the
> > > > entire US budget on Defense spending? YOUR
> > > > ARGUMENT IS INVALID
> > >
> > >
> > > Stop spewing MSNBC talking points and answer
> > the
> > > question...
> > >
> > > When you raise the cost/lower the return by
> > > increasing taxes on capital investment, what
> > then
> > > happens to the cost of capital to build
> > schools,
> > > roads, pay for public operations, and the
> taxes
> > > which pay the interest on that capital?
> >
> >
> > Ah yes another Money laundering SCAM that the
> rich
> > used to bilk tax payers out of yet more filthy
> > Lucre! What indeed would become of all that?
> > We'd be better off if the rich paid into the
> > system by being TAXED fairly Like the rest of
> us
> > on their prescious Capital GAINS. All your
> > pandering and rationalizing doesnt change that
> > fact at all. its ALL BS and you KNOW IT!
>
>
> And once again you avoid the question only to go
> off into more talking point BS...
>
> When you raise the cost/lower the return by
> increasing taxes on capital investment, what then
> happens to the cost of capital to build schools,
> roads, pay for public operations, and the taxes
> which pay the interest on that capital?
>
> I guess they didn't explain that part when
> promoting the class warfare BS on MSNBC and Daily
> Kos.
>
> Oh yeah, guess who then pays for the increased
> costs?

you are the one muddling the issue. A capital gain is a profit that results from a disposition of a capital asset, such as stock, bond or real estate, where the amount realized on the disposition exceeds the purchase price. The gain is the difference between a higher selling price and a lower purchase price. ITS HOW THE RICH STAY RICH its call "Unearned INCOME" and a truer term has never been "COINED" because the rich dont actually WORK. They just are leeches. What you are talking about is different and a BS arguement in of itself. Oh lets make this innessential thing which is how we make ALL our riches Wrapped into an essential thing so that the innessential thing CANT BE FUCKED WITH! THANKS FOR THAT. THANKS A LOT. and FUCK NO.

ferfux Wrote:
-------------------------------------------------------
> Two Wars? Wrote:
> --------------------------------------------------
> -----
> > damuri Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > Two Wars? Wrote:
> > >
> >
> --------------------------------------------------
>
> >
> > > -----
> > > > ferfux Wrote:
> > > >
> > >
> >
> --------------------------------------------------
>
> >
> > >
> > > > -----
> > > > >
> > > > > in a saner era, a Republican presidential
> > > > > candidate worth $250 million who paid
> taxes
> > > at
> > > > the
> > > > > rate of 13.9 percent on $20 million in
> > > > income...
> > > >
> > > > It is capital gains, not income. Please
> learn
> > > the
> > > > difference and the applicable tax rate
> before
> > > you
> > > > spout off about things of which you know
> > > nothing.
> > >
> > >
> > > The capital gains tax IS an income tax you
> > moron.
> >
> >
> > I know it is difficult for you to understand
> the
> > differences between ordinary income and a
> capital
> > gain and how they are taxed. It is especially
> > tough for you in an election year when your
> head
> > is up your ass, so if you take it out you can
> read
> > exactly what a capital gain is from your
> friends
> > at the IRS.
> >
> > Ten Important Facts About Capital Gains and
> > Losses
> > IRS Tax Tip 2011-35, February 18, 2011
> >
> > Did you know that almost everything you own and
> > use for personal or investment purposes is a
> > capital asset? Capital assets include a home,
> > household furnishings and stocks and bonds held
> in
> > a personal account. When a capital asset is
> sold,
> > the difference between the amount you paid for
> the
> > asset and the amount you sold it for is a
> capital
> > gain or capital loss.
> >
> > Here are ten facts from the IRS about gains and
> > losses and how they can affect your Federal
> income
> > tax return.
> >
> > 1.Almost everything you own and use for
> personal
> > purposes, pleasure or investment is a capital
> > asset.
> >
> >
> > 2.When you sell a capital asset, the difference
> > between the amount you sell it for and your
> basis
> > – which is usually what you paid for it – is
> a
> > capital gain or a capital loss.
> >
> >
> > 3.You must report all capital gains.
> >
> >
> > 4.You may deduct capital losses only on
> investment
> > property, not on property held for personal
> use.
> >
> >
> > 5.Capital gains and losses are classified as
> > long-term or short-term, depending on how long
> you
> > hold the property before you sell it. If you
> hold
> > it more than one year, your capital gain or
> loss
> > is long-term. If you hold it one year or less,
> > your capital gain or loss is short-term.
> >
> >
> > 6.If you have long-term gains in excess of your
> > long-term losses, you have a net capital gain
> to
> > the extent your net long-term capital gain is
> more
> > than your net short-term capital loss, if any.
> >
> >
> > 7.The tax rates that apply to net capital gain
> are
> > generally lower than the tax rates that apply
> to
> > other income. For 2010, the maximum capital
> gains
> > rate for most people is 15%. For lower-income
> > individuals, the rate may be 0% on some or all
> of
> > the net capital gain. Special types of net
> capital
> > gain can be taxed at 25% or 28%.
> >
> >
> > 8.If your capital losses exceed your capital
> > gains, the excess can be deducted on your tax
> > return and used to reduce other income, such as
> > wages, up to an annual limit of $3,000, or
> $1,500
> > if you are married filing separately.
> >
> >
> > 9.If your total net capital loss is more than
> the
> > yearly limit on capital loss deductions, you
> can
> > carry over the unused part to the next year and
> > treat it as if you incurred it in that next
> year.
> >
> >
> > 10.Capital gains and losses are reported on
> > Schedule D, Capital Gains and Losses, and then
> > transferred to line 13 of Form 1040.
> >
> > For more information about reporting capital
> gains
> > and losses, see the Schedule D instructions,
> > Publication 550, Investment Income and Expenses
> or
> > Publication 17, Your Federal Income Tax. All
> forms
> > and publications are available on this website
> or
> > by calling 800-TAX-FORM (800-829-3676).
> >
> >
> >
> http://www.irs.gov/uac/Ten-Important-Facts-About-C
>
> > apital-Gains-and-Losses
>
> why you just pile it HIGHER and DEEPER dont you?
> Capiutal Gains SHOULD be TAXED AT A HIGHER RATE
> THAN IT IS plain and simple. Your Bullshit smoke
> and mirrors doesnt change the fact that it is NOT
> fair.


No, I just show you the truth. Why should capital gains be taxed at a higher rate? Give me a real reason other than it is not fair. Typing it in all capital letters does not make it correct. What smoke and mirrors have I done? Life is not fair, grow up and get used to it.

The danger is a repeat of 2001 and 2003, when President Bush and Congress enacted tax cuts that plunged the nation into debt.

Two Wars? Wrote:

>
> No, I just show you the truth. Why should capital
> gains be taxed at a higher rate? Give me a real
> reason other than it is not fair. Typing it in all
> capital letters does not make it correct. What
> smoke and mirrors have I done? Life is not fair,
> grow up and get used to it.

WHY should Earned income be taxed at a higher rate? WHy the Hell should "unearned income" be taxed at a lower rate? The rAtes were HIGHER and people still invested. RAISE THE DAMN RATE AND PAY DOWN THE DEBTS!

ferfux Wrote:
-------------------------------------------------------
> Two Wars? Wrote:
>
> >
> > No, I just show you the truth. Why should
> capital
> > gains be taxed at a higher rate? Give me a real
> > reason other than it is not fair. Typing it in
> all
> > capital letters does not make it correct. What
> > smoke and mirrors have I done? Life is not
> fair,
> > grow up and get used to it.
>
> WHY should Earned income be taxed at a higher
> rate? WHy the Hell should "unearned income" be
> taxed at a lower rate? The rAtes were HIGHER and
> people still invested. RAISE THE DAMN RATE AND
> PAY DOWN THE DEBTS!


Because unearned income is investment income. The people who makes these investments also assume the risk that they might lose some or all of their money. Why make a capital investment when capital gains taxes will eat up a big chunk of your gain. You might have noticed that in addition to a capital gain, there is a capital loss. With earned income, there is a much smaller risk of loss.

As to your point about raising the taxes to pay down the debt. Raising the taxes will bring about $80 billion a year, out debt is not $16 trillion, so it would reduce it by one half of a percent (.05%), still leaving us with 99.5% of the debt. I hope you are learning something.

ferfux Wrote:
-------------------------------------------------------

>
> you are the one muddling the issue. A capital gain
> is a profit that results from a disposition of a
> capital asset, such as stock, bond or real estate,
> where the amount realized on the disposition
> exceeds the purchase price. The gain is the
> difference between a higher selling price and a
> lower purchase price. ITS HOW THE RICH STAY RICH
> its call "Unearned INCOME" and a truer term has
> never been "COINED" because the rich dont
> actually WORK. They just are leeches. What you
> are talking about is different and a BS arguement
> in of itself. Oh lets make this innessential
> thing which is how we make ALL our riches Wrapped
> into an essential thing so that the innessential
> thing CANT BE FUCKED WITH! THANKS FOR THAT.
> THANKS A LOT. and FUCK NO.


Ahhh... more evil rich BS. I didn't expect that. /sarcasm lmao

I didn't ask what a capital gain was, I asked what happens when you raise the cost/lower the return on capital invested. You've made it clear at this point that you don't have a clue and you're just parroting what you've been told to think.

Here's how it goes... When you raise the cost/lower the return on capital invested, the cost of capital goes up. Then, for example, when Fairfax County, VA, etc., goes out to the capital markets to sell bonds to do whatever, it will pay a correspondingly higher rate in order finance that cost. The cost to finance that cost is paid for with property taxes, car taxes, sales taxes. Who pays those taxes?

Furthermore, since you increase the cost of capital generally and added revenues are derived from only a small sub-set of the "evil rich," the multiplier effect of the cost of capital far exceeds revenue received from them. So, the real cost is spread across the general population (middle class) much more so than it is on the "evil rich."

It's OK. I know they don't teach you this kind of stuff at NOVA or explain what happens beyond the typical liberal "magic thinking" of MSNBC commentators where you can make such changes and expect nothing else to happen in response.

And BTW, they already raised taxes on capital gains by about 4% on those making over $200K/$250K jointly as part of Obamacare which kicks in next year. Guess they forgot to mention that too.

I have HARVARD on my side pal!

A campaign spokeswoman told us that the Harvard study is an analysis by economist Martin Feldstein that we’ve written about previously. Mr. Feldstein showed that the Romney math might work if you strip all households with taxable income of $100,000 or more of every dollar of deduction for charitable giving, state and local income tax and mortgage interest. Does Mr. Romney favor such a plan? Would he consider such a proposal to be lowering the burden on middle-income people, even though millionaires would get a break while those in the $100,000 to $200,000 income range would pay more?

ferfux Wrote:
-------------------------------------------------------
> I have HARVARD on my side pal!
>
> A campaign spokeswoman told us that the Harvard
> study is an analysis by economist Martin Feldstein
> that we’ve written about previously. Mr.
> Feldstein showed that the Romney math might work
> if you strip all households with taxable income of
> $100,000 or more of every dollar of deduction for
> charitable giving, state and local income tax and
> mortgage interest. Does Mr. Romney favor such a
> plan? Would he consider such a proposal to be
> lowering the burden on middle-income people, even
> though millionaires would get a break while those
> in the $100,000 to $200,000 income range would pay
> more?


Do you do any thinking on your own or do you just accept whatever the Obama campaign and Progressives say? lmao Of course not.

Strange... that's not at all what Feldstein says here:

http://online.wsj.com/article/SB10000872396390444327204577617421727000592.html

In fact what he says is:

"Since broadening the tax base would produce enough revenue to pay for cutting everyone's tax rates, it is clear that the proposed Romney cuts wouldn't require any middle-class tax increase, nor would they produce a net windfall for high-income taxpayers. The Tax Policy Center and others are wrong to claim otherwise.

The Romney plan can reduce the current tax system's distortions, increasing national income in the short run and economic growth in the years ahead. That was the key to the very successful Reagan tax cuts of 1986. It was also the tax-reform strategy embraced by the bipartisan Bowles-Simpson commission in 2010. And it could put the economy back on the right track in 2013."

How about this solution. We up and leave Iraq and Afghanistan today? Nothing in those God forsaken sandboxes worth one American life. They have been fighting since the dawn of time. If the Russians with their iron fisted tactics could not tame the Afghans what chance does the U S have?

Where is Cindy Sheehan?

Problem solver again Wrote:
-------------------------------------------------------
> How about this solution. We up and leave Iraq and
> Afghanistan today? Nothing in those God forsaken
> sandboxes worth one American life. They have been
> fighting since the dawn of time. If the Russians
> with their iron fisted tactics could not tame the
> Afghans what chance does the U S have?


Ummm, we already left Iraq last year.

Please,,,we still have troops in over a hundred countries,,,look it up

700+ military bases, and I am sure each one is absolutely essential to protect our freedom


We still have troops in Germany and Japan,,,

Hatemotor Wrote:
-------------------------------------------------------
> Please,,,we still have troops in over a hundred
> countries,,,look it up
>
> 700+ military bases, and I am sure each one is
> absolutely essential to protect our freedom
>
>
> We still have troops in Germany and Japan,,,


You wankers go off on more vectors than planes at Dulles. lol

Did they say Germany or Japan? No, they said Iraq. We have no troops in Iraq.

Now you can go off onto whatever other direction pops into your scatter-brained little head.

U B ADHD Wrote:
-------------------------------------------------------
> You wankers go off on more vectors than planes at
> Dulles. lol
>
> Did they say Germany or Japan? No, they said
> Iraq. We have no troops in Iraq.
>
> Now you can go off onto whatever other direction
> pops into your scatter-brained little head.

that will be good news to my friend who is stationed in Iraq at this time, he doesnt have to be there are all you cleared him to come home

goldstein Wrote:
-------------------------------------------------------
> U B ADHD Wrote:
> --------------------------------------------------
> -----
> > You wankers go off on more vectors than planes
> at
> > Dulles. lol
> >
> > Did they say Germany or Japan? No, they said
> > Iraq. We have no troops in Iraq.
> >
> > Now you can go off onto whatever other
> direction
> > pops into your scatter-brained little head.
>
> that will be good news to my friend who is
> stationed in Iraq at this time, he doesnt have to
> be there are all you cleared him to come home


May be a few support and security personnel at the Embassy, military staff assisting the government with various things, and contractors still working there but we have no active troops nor any continuing presence beyond that. Last left on 12/18/2011 after the Iraqi government would not guarantee immunity from prosecution.

http://www.nytimes.com/2011/12/19/world/middleeast/last-convoy-of-american-troops-leaves-iraq.html?pagewanted=all

Better idea- No one has to pay taxes. Problem solved this thread sucks. Bunch of internet monkeys arguing. Didnt you all hear the big news? No one cares about your opinion nor can you sway anothers. Have a day good :)

After reading this thread you can begin to understand why Romney won't release his tax returns for the past 5+ years. People who understand capital gains taxes understand that Romney probably didn't pay any taxes for 2008 or 2009.

If he were smart, which I'm sure he was, he took the opportunity to take some losses to offset some gains during the stock market downturn. The end result was that he had no income (technically) for at least one tax year.

While those who understand tax law and how to manage a complicated stock portfolio would understand that Romney and his accountants and attorneys were just reorganizing his finances in a downturn, to the unsophisticated eye, it would appear that he received millions in cash or stock while paying no taxes.

It makes sense that he has made the political calculation that it would be best to just not release his returns rather than trying to explain profits/losses and how that affects your tax liability in terms of capital gains.

Ito Wrote:
-------------------------------------------------------
> After reading this thread you can begin to
> understand why Romney won't release his tax
> returns for the past 5+ years. People who
> understand capital gains taxes understand that
> Romney probably didn't pay any taxes for 2008 or
> 2009.
>
> If he were smart, which I'm sure he was, he took
> the opportunity to take some losses to offset some
> gains during the stock market downturn. The end
> result was that he had no income (technically) for
> at least one tax year.
>
> While those who understand tax law and how to
> manage a complicated stock portfolio would
> understand that Romney and his accountants and
> attorneys were just reorganizing his finances in a
> downturn, to the unsophisticated eye, it would
> appear that he received millions in cash or stock
> while paying no taxes.
>
> It makes sense that he has made the political
> calculation that it would be best to just not
> release his returns rather than trying to explain
> profits/losses and how that affects your tax
> liability in terms of capital gains.

I doubt it's the case that he didn't pay anything given his comments directly to the contrary. But beyond that you're right. Serves no purpose for him to release other than to give his opponents ammunition. The only people concerned about the matter at this point aren't voting for him anyway.

H.R. Blockhead Wrote:
-------------------------------------------------------
> I doubt it's the case that he didn't pay anything
> given his comments directly to the contrary.

Not to split hairs, but Mitt's "comments to the contrary" is practically a redundant phrase at this point.

He contradicts himself constantly on just about every issue from his stance on abortion, to how he feels about specifics of Obamacare, to his future policy on Afghanistan.

What he says about his tax returns is simply an article of faith that we must take his word for at this point.

There is something in there that he considers "ammunition" and that in itself is a curious thing.

Ito Wrote:
-------------------------------------------------------
> H.R. Blockhead Wrote:
> --------------------------------------------------
> -----
> > I doubt it's the case that he didn't pay
> anything
> > given his comments directly to the contrary.
>
> Not to split hairs, but Mitt's "comments to the
> contrary" is practically a redundant phrase at
> this point.
>
> He contradicts himself constantly on just about
> every issue from his stance on abortion, to how he
> feels about specifics of Obamacare, to his future
> policy on Afghanistan.
>
> What he says about his tax returns is simply an
> article of faith that we must take his word for at
> this point.
>
> There is something in there that he considers
> "ammunition" and that in itself is a curious
> thing.


Well, in this case he came out directly and very specifically saying that he paid at least 13% every year for the past 10 years. So that would be a very hard one to back off from. And it would be absolutely stupid to say if not true given the consequences. One thing not to release. Another entirely to have directly lied about it.

The thing is he did pay 13%... on nothing. That's my point. He had "no" income because his losses in 2008 or 2009 equaled his gains.

This is the nature of capital gains. If you didn't make a profit, then 13% on zero is zero.

URN Over UR Head Wrote:
-

no URINE over YOUR head pal!

ferfux Wrote:
-------------------------------------------------------
> URN Over UR Head Wrote:
> -
>
> no URINE over YOUR head pal!


Really? That's your come-back? lol!

Now I better understand what's behind your continual idiotic posts - you're 14.

URN Over UR Head Wrote:
-------------------------------------------------------
> ferfux Wrote:
> --------------------------------------------------
> -----
> > URN Over UR Head Wrote:
> > -
> >
> > no URINE over YOUR head pal!
>
>
> Really? That's your come-back? lol!
>
> Now I better understand what's behind your
> continual idiotic posts - you're 14.


no your wrong and Im DRUNK and the republicans STILL want to cut taxes and NOT pay down the debt! Fuck them and fuck you! RAISE TAXES and stop putting the WAR debt on our childrens credit cards!

ferfux Wrote:
-------------------------------------------------------

> no your wrong and Im DRUNK and the republicans
> STILL want to cut taxes and NOT pay down the debt!
> Fuck them and fuck you! RAISE TAXES and stop
> putting the WAR debt on our childrens credit
> cards!


Based on your posts, you're drunk a lot. lmao

ferfux Wrote:
-------------------------------------------------------
> URN Over UR Head Wrote:
> --------------------------------------------------
> -----
> > ferfux Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > URN Over UR Head Wrote:
> > > -
> > >
> > > no URINE over YOUR head pal!
> >
> >
> > Really? That's your come-back? lol!
> >
> > Now I better understand what's behind your
> > continual idiotic posts - you're 14.
>
>
> no your wrong and Im DRUNK and the republicans
> STILL want to cut taxes and NOT pay down the debt!
> Fuck them and fuck you! RAISE TAXES and stop
> putting the WAR debt on our childrens credit
> cards!


The Republicans are not trying to cut taxes, they want to keep them as is. Obama wants to raise taxes by allowing the tax cuts to expire for people he does not like.

Two Wars? Wrote:
-------------------------------------------------------

> The Republicans are not trying to cut taxes, they
> want to keep them as is.

The Romney plan is to cut income taxes by an additional 20% across the board. This is above and beyond the current "Bush" tax cuts (really a misnomer because they are Obama tax cuts by now too).

Ito Wrote:
-------------------------------------------------------
> Two Wars? Wrote:
> --------------------------------------------------
> -----
>
> > The Republicans are not trying to cut taxes,
> they
> > want to keep them as is.
>
> The Romney plan is to cut income taxes by an
> additional 20% across the board. This is above and
> beyond the current "Bush" tax cuts (really a
> misnomer because they are Obama tax cuts by now
> too).


No, they are not Obama's tax cuts, that would mean that he would actually have to take responsibility for something. If we continue to call it the Bush tax cuts, he can still blame Bush. But, if Obama raises taxes on the wealthy or whoever he does not like at the time, we can refer to them as the Obama tax increases.

Two Wars? Wrote:
-------------------------------------------------------

> No, they are not Obama's tax cuts, that would mean
> that he would actually have to take responsibility
> for something. If we continue to call it the Bush
> tax cuts, he can still blame Bush. But, if Obama
> raises taxes on the wealthy or whoever he does not
> like at the time, we can refer to them as the
> Obama tax increases.


Already has. 3.8% on capital gains and up to 43.4% on dividends, plus a .9% increase to payroll taxes in 2013 for those making over $200K/$250K jointly and the self-employed to help pay for Obamacare.

"For some reason" most of the media doesn't seem to be wanting to talk about that.