Where did I say that? I was defining what I considered as income. Nowhere did I say what you're asserting I said. You're filling in a lot of blanks with that statement.
That's another rather presumptuous statement. I'm sure you're aware of what I'm doing, "give it a try". Yes, you're the only one working out of the two of us. I admit, I do nothing and have no ambition and I'm happy to receive all those handouts I get. Just bought me a hummer on my SSI.
Lower tax rates are what are helping the higher payouts of these investments. A dollar saved in taxes is a direct dollar back in your pocket as it comes off the top. Remove these higher payouts by taxing them more, and then the lower risk investments become more attractive as their lower payouts aren't as big of a gap. When investing in business, you risk losing it. Decrease the incentive to invest this way, and safer investment routes will be utilized
Really, so you dont care if the capital gains were earned from over seas investments instead of here? (That's just one example) You may want to learn a lot more about taxes and the impact they have on the economics of this country before you waste any more tears laughing at all the ignorant people. Many of whom happen to be quite rich.
Because the only capital gains income you seem to mention is from inheritance. Maybe this is where I got that notion. Didnt seem like much of a stretch. You make it sound like money in a bank is an investment also? I think I am done with this one.
I'm saying it doesn't matter where the money is invested, you still pay capital gains tax. Where did I say oversea investments were as good for our economy as investments here?
I admit my bank statement was vague, just the way we talk. "bank" here was meant to confer investment accounts, mutual funds, etc etc. I'm not speaking of interest income. The statement about the inheritance is to refer to the estate tax. If you take your g-dad's farm, you don't have to pay tax. Should you sell it, it's now a capital gain, and you pay tax. That's the point I was making. After I went upstairs, I realized that I didn't really mean that part. What I meant earlier, was the money you make on the farm is income. I would've just edited it, but tembry picked up on it too. I don't feel like money should be taxed as an inheritance either. I just got tripped up as I was typing.
Never said something the wrong way, huh? I corrected myself shortly after I realized what I typed. You're right fletch, what are those estate sale things I hear about? That money just stays with the auctioneers right? That's what I thought. I'm glad you're quick to pick up on a mistake I corrected myself on. Kudos to you. What's that rustling sound.. someone grasping at straws...
Yep, you as you continue to make excuses about all the things that you have said that are blatantly incorrect in the world of economics and investments and taxes, etc. You said, "capital gains are capital gains. Doesnt matter where the money is invested." You also said that you think earned income should be taxed at a LOWER rate than capital gains. You also said that if you take your g-dads farm you dont have to pay tax. You consider mutual funds to be in a bank. Your impression of an estate is a yard sale run by an auctioneer when aunt Bessie dies. If you can re-read any of your posts here and still think that I am the one grasping at straws, then you have fulfilled the exact stereotype that I have invisioned for the financial working knowledge of todays typical liberal. And I mean EXACTLY. You go right ahead and slam away at this one but you have made my case for me better than I could have ever done myself and I am done.
You know, I had asked the question just to understand different viewpoints....but Vendetta, now you are just coming across as an arrogant ***. Do you even work in politics, since you make all these posts like you know the laws/rules by heart? This is the problem with politics, everyone seems to think they know exactly how things are.....I'm glad the elections are over, not happy the way they ended but oh well. Now everybody just STFU and get out in the woods and do some huntin already!
