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RIP Gains

Sources
Sources Member, Swaye's Wigwam Posts: 4,329 Founders Club
edited May 2022 in Tug Tavern
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  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,692 Founders Club
    Since this is the classy board would like to hear from Biden voters on the merits of this pro or con without a bunch of noise

    This always comes up but rarely gets anywhere. One of the good? things about billionaires funding both parties?
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  • BennyBeaver
    BennyBeaver Member Posts: 13,346
    RaceBannon said:

    Since this is the classy board would like to hear from Biden voters on the merits of this pro or con without a bunch of noise

    This always comes up but rarely gets anywhere. One of the good? things about billionaires funding both parties?

    To me it doesn't matter who you voted for in 2020. Trump made my taxes go up, bigly.

    Taxes are fucked up in this country. The middle gets squeezed while those on the high end of the spectrum don't pay their fair share. Corporations included.

    One of the most successful people I know said he's happy to pay more in taxes. It just means he's been more successful and he is motivated to make more $.
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  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,692 Founders Club
    BennyBeaver said:

    RaceBannon said:

    Since this is the classy board would like to hear from Biden voters on the merits of this pro or con without a bunch of noise

    This always comes up but rarely gets anywhere. One of the good? things about billionaires funding both parties?

    To me it doesn't matter who you voted for in 2020. Trump made my taxes go up, bigly.

    Taxes are fucked up in this country. The middle gets squeezed while those on the high end of the spectrum don't pay their fair share. Corporations included.

    One of the most successful people I know said he's happy to pay more in taxes. It just means he's been more successful and he is motivated to make more $.
    Take it to the tug

    I got a big tax cut because I am in the middle

    So your in favor?

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  • BennyBeaver
    BennyBeaver Member Posts: 13,346
    RaceBannon said:

    BennyBeaver said:

    RaceBannon said:

    Since this is the classy board would like to hear from Biden voters on the merits of this pro or con without a bunch of noise

    This always comes up but rarely gets anywhere. One of the good? things about billionaires funding both parties?

    To me it doesn't matter who you voted for in 2020. Trump made my taxes go up, bigly.

    Taxes are fucked up in this country. The middle gets squeezed while those on the high end of the spectrum don't pay their fair share. Corporations included.

    One of the most successful people I know said he's happy to pay more in taxes. It just means he's been more successful and he is motivated to make more $.
    Take it to the tug

    I got a big tax cut because I am in the middle

    So your in favor?

    I got a big tax increase because I'm in the middle. Which middle are you in?
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  • BennyBeaver
    BennyBeaver Member Posts: 13,346
    DerekJohnson said:

    BennyBeaver said:

    RaceBannon said:

    BennyBeaver said:

    RaceBannon said:

    Since this is the classy board would like to hear from Biden voters on the merits of this pro or con without a bunch of noise

    This always comes up but rarely gets anywhere. One of the good? things about billionaires funding both parties?

    To me it doesn't matter who you voted for in 2020. Trump made my taxes go up, bigly.

    Taxes are fucked up in this country. The middle gets squeezed while those on the high end of the spectrum don't pay their fair share. Corporations included.

    One of the most successful people I know said he's happy to pay more in taxes. It just means he's been more successful and he is motivated to make more $.
    Take it to the tug

    I got a big tax cut because I am in the middle

    So your in favor?

    I got a big tax increase because I'm in the middle. Which middle are you in?




    You nerds and your Seinfeld references.
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  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,692 Founders Club
    BennyBeaver said:

    RaceBannon said:

    BennyBeaver said:

    RaceBannon said:

    Since this is the classy board would like to hear from Biden voters on the merits of this pro or con without a bunch of noise

    This always comes up but rarely gets anywhere. One of the good? things about billionaires funding both parties?

    To me it doesn't matter who you voted for in 2020. Trump made my taxes go up, bigly.

    Taxes are fucked up in this country. The middle gets squeezed while those on the high end of the spectrum don't pay their fair share. Corporations included.

    One of the most successful people I know said he's happy to pay more in taxes. It just means he's been more successful and he is motivated to make more $.
    Take it to the tug

    I got a big tax cut because I am in the middle

    So your in favor?

    I got a big tax increase because I'm in the middle. Which middle are you in?
    Why not try to stay on subject here

    43% capital gains tax. Pro or con

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  • greenblood
    greenblood Member Posts: 14,559
    edited April 2021
    It will likely kill the market this year, as the wealthy will pull out as much money as they can so they can enjoy 20% rates on capital gains this year. After the sell off, things will slowly increase again, but there will not be a huge rally by any means, until they get a new president in office.
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  • BleachedAnusDawg
    BleachedAnusDawg Member Posts: 13,141 Standard Supporter
    BennyBeaver said:

    RaceBannon said:

    BennyBeaver said:

    RaceBannon said:

    Since this is the classy board would like to hear from Biden voters on the merits of this pro or con without a bunch of noise

    This always comes up but rarely gets anywhere. One of the good? things about billionaires funding both parties?

    To me it doesn't matter who you voted for in 2020. Trump made my taxes go up, bigly.

    Taxes are fucked up in this country. The middle gets squeezed while those on the high end of the spectrum don't pay their fair share. Corporations included.

    One of the most successful people I know said he's happy to pay more in taxes. It just means he's been more successful and he is motivated to make more $.
    Take it to the tug

    I got a big tax cut because I am in the middle

    So your in favor?

    I got a big tax increase because I'm in the middle. Which middle are you in?
    I'm in the middle and taxes went down bigly for me under Trump. Not sure wtf you are talking about.
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  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,692 Founders Club
    BleachedAnusDawg said:

    BennyBeaver said:

    RaceBannon said:

    BennyBeaver said:

    RaceBannon said:

    Since this is the classy board would like to hear from Biden voters on the merits of this pro or con without a bunch of noise

    This always comes up but rarely gets anywhere. One of the good? things about billionaires funding both parties?

    To me it doesn't matter who you voted for in 2020. Trump made my taxes go up, bigly.

    Taxes are fucked up in this country. The middle gets squeezed while those on the high end of the spectrum don't pay their fair share. Corporations included.

    One of the most successful people I know said he's happy to pay more in taxes. It just means he's been more successful and he is motivated to make more $.
    Take it to the tug

    I got a big tax cut because I am in the middle

    So your in favor?

    I got a big tax increase because I'm in the middle. Which middle are you in?
    I'm in the middle and taxes went down bigly for me under Trump. Not sure wtf you are talking about.
    This is true and out business did great too

    Then Newsom killed it but still I endeavor to persevere

    I guess Benny doesn't want to talk about capital gains
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  • ntxduck
    ntxduck Member Posts: 6,102
    RaceBannon said:

    BennyBeaver said:

    RaceBannon said:

    BennyBeaver said:

    RaceBannon said:

    Since this is the classy board would like to hear from Biden voters on the merits of this pro or con without a bunch of noise

    This always comes up but rarely gets anywhere. One of the good? things about billionaires funding both parties?

    To me it doesn't matter who you voted for in 2020. Trump made my taxes go up, bigly.

    Taxes are fucked up in this country. The middle gets squeezed while those on the high end of the spectrum don't pay their fair share. Corporations included.

    One of the most successful people I know said he's happy to pay more in taxes. It just means he's been more successful and he is motivated to make more $.
    Take it to the tug

    I got a big tax cut because I am in the middle

    So your in favor?

    I got a big tax increase because I'm in the middle. Which middle are you in?
    Why not try to stay on subject here

    43% capital gains tax. Pro or con

    It’s over the first million in gains. Absolutely pro
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  • ntxduck
    ntxduck Member Posts: 6,102
    greenblood said:

    It will likely kill the market this year, as the wealthy will pull out as much money as they can so they can enjoy 20% rates on capital gains this year. After the sell off, things will slowly increase again, but there will not be a huge rally by any means, until they get a new president in office.

    Back to green today. There are some absolute amateurs on here
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  • Baseman
    Baseman Member Posts: 12,369
    RaceBannon said:

    BennyBeaver said:

    RaceBannon said:

    BennyBeaver said:

    RaceBannon said:

    Since this is the classy board would like to hear from Biden voters on the merits of this pro or con without a bunch of noise

    This always comes up but rarely gets anywhere. One of the good? things about billionaires funding both parties?

    To me it doesn't matter who you voted for in 2020. Trump made my taxes go up, bigly.

    Taxes are fucked up in this country. The middle gets squeezed while those on the high end of the spectrum don't pay their fair share. Corporations included.

    One of the most successful people I know said he's happy to pay more in taxes. It just means he's been more successful and he is motivated to make more $.
    Take it to the tug

    I got a big tax cut because I am in the middle

    So your in favor?

    I got a big tax increase because I'm in the middle. Which middle are you in?
    Why not try to stay on subject here

    43% capital gains tax. Pro or con

    Con: 33% max
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  • BennyBeaver
    BennyBeaver Member Posts: 13,346
    BleachedAnusDawg said:

    BennyBeaver said:

    RaceBannon said:

    BennyBeaver said:

    RaceBannon said:

    Since this is the classy board would like to hear from Biden voters on the merits of this pro or con without a bunch of noise

    This always comes up but rarely gets anywhere. One of the good? things about billionaires funding both parties?

    To me it doesn't matter who you voted for in 2020. Trump made my taxes go up, bigly.

    Taxes are fucked up in this country. The middle gets squeezed while those on the high end of the spectrum don't pay their fair share. Corporations included.

    One of the most successful people I know said he's happy to pay more in taxes. It just means he's been more successful and he is motivated to make more $.
    Take it to the tug

    I got a big tax cut because I am in the middle

    So your in favor?

    I got a big tax increase because I'm in the middle. Which middle are you in?
    I'm in the middle and taxes went down bigly for me under Trump. Not sure wtf you are talking about.
    There must be multiple "middles."
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  • BleachedAnusDawg
    BleachedAnusDawg Member Posts: 13,141 Standard Supporter
    BennyBeaver said:

    BleachedAnusDawg said:

    BennyBeaver said:

    RaceBannon said:

    BennyBeaver said:

    RaceBannon said:

    Since this is the classy board would like to hear from Biden voters on the merits of this pro or con without a bunch of noise

    This always comes up but rarely gets anywhere. One of the good? things about billionaires funding both parties?

    To me it doesn't matter who you voted for in 2020. Trump made my taxes go up, bigly.

    Taxes are fucked up in this country. The middle gets squeezed while those on the high end of the spectrum don't pay their fair share. Corporations included.

    One of the most successful people I know said he's happy to pay more in taxes. It just means he's been more successful and he is motivated to make more $.
    Take it to the tug

    I got a big tax cut because I am in the middle

    So your in favor?

    I got a big tax increase because I'm in the middle. Which middle are you in?
    I'm in the middle and taxes went down bigly for me under Trump. Not sure wtf you are talking about.
    There must be multiple "middles."
    Or you don't know what you're talking about, or you are not actually "middle."
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  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,692 Founders Club
    I'd max at 25% myself
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  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,692 Founders Club
    Also the actual proposal is 39% to match the top income rate but there is some 4% surcharge thing going on that makes it 43%
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  • creepycoug
    creepycoug Member Posts: 24,016
    RaceBannon said:

    Since this is the classy board would like to hear from Biden voters on the merits of this pro or con without a bunch of noise

    This always comes up but rarely gets anywhere. One of the good? things about billionaires funding both parties?

    Fortunately, I expect Biden to actually die before this will see the light of day.

    Substitute "hope" for "expect" if you must.

    It is a TERRIBLE idea. One of the many reasons I didn't vote for him.
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  • creepycoug
    creepycoug Member Posts: 24,016
    edited April 2021
    DerekJohnson said:

    BennyBeaver said:

    RaceBannon said:

    BennyBeaver said:

    RaceBannon said:

    Since this is the classy board would like to hear from Biden voters on the merits of this pro or con without a bunch of noise

    This always comes up but rarely gets anywhere. One of the good? things about billionaires funding both parties?

    To me it doesn't matter who you voted for in 2020. Trump made my taxes go up, bigly.

    Taxes are fucked up in this country. The middle gets squeezed while those on the high end of the spectrum don't pay their fair share. Corporations included.

    One of the most successful people I know said he's happy to pay more in taxes. It just means he's been more successful and he is motivated to make more $.
    Take it to the tug

    I got a big tax cut because I am in the middle

    So your in favor?

    I got a big tax increase because I'm in the middle. Which middle are you in?




    One of THE best Seinfeld scenes ever. I lolz whenever I see it.

    I think the rest of it goes:

    Kramer: well, they do, and they're the ones writing it off.
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  • FireCohen
    FireCohen Member Posts: 21,823
    Not going to happen
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  • HHusky
    HHusky Member Posts: 23,871
    Capital is taxed too low relative to labor and too low if you think increasing inequality of wealth is a problem. It has been that way for decades.

    I don't really think the proposal is doing anything but putting the subject of raising the rates on the table. Capital gains aren't going to go to 43%. It wouldn't be fatal to investing or the economy if they did, but it's not happening. No one has proposed a confiscatory tax rate on gains.

    If a rate increase is made, there will be a rush to get sales in under the wire and transactions will then slow for a period of months after the change takes effect. That slowing will be short lived. People will invest if the rate is 15%. They'll invest if it's 43%. And they'll invest everywhere in between.
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  • greenblood
    greenblood Member Posts: 14,559
    edited April 2021
    ntxduck said:

    greenblood said:

    It will likely kill the market this year, as the wealthy will pull out as much money as they can so they can enjoy 20% rates on capital gains this year. After the sell off, things will slowly increase again, but there will not be a huge rally by any means, until they get a new president in office.

    Back to green today. There are some absolute amateurs on here
    Last time I checked it hasn't passed the "I want to do this" stage. So no, this drop was purely on the news. But if it gets traction, you bet your ass the markets will tank. Hopefully, somebody is advising this moron, and told him that one little comment dropped the DOW 400 points, and that maybe he should reconsider his position.
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  • BennyBeaver
    BennyBeaver Member Posts: 13,346
    greenblood said:

    ntxduck said:

    greenblood said:

    It will likely kill the market this year, as the wealthy will pull out as much money as they can so they can enjoy 20% rates on capital gains this year. After the sell off, things will slowly increase again, but there will not be a huge rally by any means, until they get a new president in office.

    Back to green today. There are some absolute amateurs on here
    Last time I checked it hasn't passed the "I want to do this" stage. So no, this drop was purely on the news. But if it gets traction, you bet your ass the markets will tank. Hopefully, somebody is advising this moron, and told him that one little comment dropped the DOW 400 points, and that maybe he should reconsider his position.
    I'm hearing that the stock market is not the economy.
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  • ntxduck
    ntxduck Member Posts: 6,102
    edited April 2021
    greenblood said:

    ntxduck said:

    greenblood said:

    It will likely kill the market this year, as the wealthy will pull out as much money as they can so they can enjoy 20% rates on capital gains this year. After the sell off, things will slowly increase again, but there will not be a huge rally by any means, until they get a new president in office.

    Back to green today. There are some absolute amateurs on here
    Last time I checked it hasn't passed the "I want to do this" stage. So no, this drop was purely on the news. But if it gets traction, you bet your ass the markets will tank. Hopefully, somebody is advising this moron, and told him that one little comment dropped the DOW 400 points, and that maybe he should reconsider his position.
    Lol. You have no grasp of algorithmic trading and how it works.

    Was a cool board. Too bad poors had to come shit all over the place with their cult nonsense
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  • creepycoug
    creepycoug Member Posts: 24,016
    BennyBeaver said:

    greenblood said:

    ntxduck said:

    greenblood said:

    It will likely kill the market this year, as the wealthy will pull out as much money as they can so they can enjoy 20% rates on capital gains this year. After the sell off, things will slowly increase again, but there will not be a huge rally by any means, until they get a new president in office.

    Back to green today. There are some absolute amateurs on here
    Last time I checked it hasn't passed the "I want to do this" stage. So no, this drop was purely on the news. But if it gets traction, you bet your ass the markets will tank. Hopefully, somebody is advising this moron, and told him that one little comment dropped the DOW 400 points, and that maybe he should reconsider his position.
    I'm hearing that the stock market is not the economy.
    You hear right.

    But the capital gains tax isn't the economy. It's the cost of doing bidness in the market meng. Pay attention and please put on your blazer. You're in the Club damnit!
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  • creepycoug
    creepycoug Member Posts: 24,016
    ntxduck said:

    greenblood said:

    ntxduck said:

    greenblood said:

    It will likely kill the market this year, as the wealthy will pull out as much money as they can so they can enjoy 20% rates on capital gains this year. After the sell off, things will slowly increase again, but there will not be a huge rally by any means, until they get a new president in office.

    Back to green today. There are some absolute amateurs on here
    Last time I checked it hasn't passed the "I want to do this" stage. So no, this drop was purely on the news. But if it gets traction, you bet your ass the markets will tank. Hopefully, somebody is advising this moron, and told him that one little comment dropped the DOW 400 points, and that maybe he should reconsider his position.
    Lol. You have no grasp of algorithmic trading and how it works.

    Was a cool board. Too bad poors had to come shit all over the place with their cult nonsense
    Hey now.
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  • greenblood
    greenblood Member Posts: 14,559
    ntxduck said:

    greenblood said:

    ntxduck said:

    greenblood said:

    It will likely kill the market this year, as the wealthy will pull out as much money as they can so they can enjoy 20% rates on capital gains this year. After the sell off, things will slowly increase again, but there will not be a huge rally by any means, until they get a new president in office.

    Back to green today. There are some absolute amateurs on here
    Last time I checked it hasn't passed the "I want to do this" stage. So no, this drop was purely on the news. But if it gets traction, you bet your ass the markets will tank. Hopefully, somebody is advising this moron, and told him that one little comment dropped the DOW 400 points, and that maybe he should reconsider his position.
    Lol. You have no grasp of algorithmic trading and how it works.

    Was a cool board. Too bad poors had to come shit all over the place with their cult nonsense
    Algorithmic trading is a fancy phrase for saying "Buy the dip, dumbass"
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  • DawgOfTheAges
    DawgOfTheAges Member, Swaye's Wigwam Posts: 1,744 Founders Club
    This is a high price to pay for the attractive liquidity that the equity markets offer, and this proposal materially changes the risk reward relationship for owning securities in a profound way. What this means is that wealthy people will shift their focus to longer cycle assets and income producing assets over time because after tax is the bottom line. Its a terribly short sighted proposal because it will create a liquidity crash, especially in the tech industries and high growth asset markets. This proposal will mean that wealthy individuals will restructure personal assets into corporate assets to create a series of entities that collectively have a lower net tax rate. Fking Dumb.
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  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,692 Founders Club
    I think it would not be helpful to real estate investment that is holding up the house of cards either.
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