RIP Gains

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 $.

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.

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

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

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."

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.

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.

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.

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!

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"