Capital losses can indeed be deducted from capital gains. You blithering fool.
Please tell me how Zimbabwe will improve while good people leave.
Do you not understand that Jefferson simply made it legally possible for children other than the eldest son to inherit things?
(A) No, a minority of “them” (assuming your use of the pronoun refers to the subject of the sentence to which you are responding, which is “the Democrats”) voted for Bush (or didn’t vote at all) which, when coupled with a large majority of the Republicans who voted for Bush, constitutes an overall majority for the state. You need to work on this “math” thing.
(B) Yes, I know “people” has two syllables. That’s why the text you quoted said “Dang. Used a two-syllable word” (I guess your attention span wasn’t long enough to read everything you put in the QUOTE tags.). This was done as on purpose to give me an opportunity to slide in that little “I hope you’ll be able to follow it anyway” dig. To subtle for you? Sorry.
I know this is the Pit and all, but do you have a citation for this? I believe that ratio was considerably higher at several times in the past.
That’s fascinating, considering that the an increase in the U.S. Federal minimum wage was signed into law last year, which is raising the minimum wage over a two-year period. Of course, I’m from one of those contemptible “flyover” states that you so enjoy talking down to, where our state minimum wage is HIGHER than the Federal minimum, so I probably don’t pay as much attention as you do.
Yes, it just went in effect July 24 and was fought tooth and nail by conservatives. The last rise in minimum wage was 10 years ago and this is the longest period without a rise since it was instituted in 1938.
Here is cite for ratio of CEO pay to minimu wage.
Is there some point in here? A majority of Montanans voted for Bush. A majority of Montanan Republican voters voted for Bush. A minority of Montanans Democrats voted for Bush. This means that a majority of Montanans aren’t morons how?
Yes, and he supported it because he was afraid of a permanent aristocracy.
Thanks for the kind words Frank. It’s a super duper tax break too:
Boy oh boy, up to $3000/year. Bill Gates built his fortune on that kind of deduction. Meanwhile, all of your capitol gains can be taxed. It’s not the same at all.
The fags is gonna come and take yer bahble and you ain’t gonna stop them because the libruls already done took’d yer guns!
-Joe
You are overreacting to random fluctuations in the margin of error (statistical, and that’s before we get into sampling and bias errors).
I see your point. If you lose money on the aggregate of all your investments I think we should get the guy who works at McDonalds just cut you a check directly. :rolleyes:
Oh, and BTW: “If you have a capital loss on Form 1040, line 18 of Schedule D that is more than the yearly limit on capital loss tax deductions, you can carry over the unused part of the tax deductible capital loss to later tax years until it is completely used up.”
What does the guy at McDonalds have to do with anything?
And you’ve been rolling with this CEO vs minimum wage argument for a while now, but I don’t get what the connection is. The vast majority of people working for minimum wage are young people just entering the job market and part time employees. Minimum wage is an introductory wage, and was never intended as anything else. A fairer comparison might be between the CEO’s wage and the average wage of everyone in the corporation, I suppose, but I still don’t see the point. You seem to be upset that some people make a shitload of money. So? Good for them. What does that have to do with anyone else? I’ve never gotten this obsession that people like you have with what other people are doing or getting. Are you making a good living? A comfortable living? At least a living? If so, what bearing does Warren Buffett’s income have on your life? None.
Again, so what? Really. Any capital gains are taxed in full, deductible losses are limited to $3K/year. You really don’t see the disparity here?
Aggregate capital losses are limited to $3,000 a year and can be rolled over to subsequent years until used up. Aggregate capital gains are taxed in full (less than half the rate of wages BTW).
So what do you want, the other tax payers to subsidize your imprudent investments? How about if you have captial losses that exceed your regular income, do you want to get a check from the govt?
I assume the limits are in place to prevent phoney baloney tax shelters.
If CEO pay is determined in an arms-length manner and is tied in some way to performance, then I have no problem. In real life, however, CEO pay is determoned by the Board of Directors and often there is a quid pro quo involved. I sit on your board and approve your excess pay and you sit on my board and do the same. Also, their is an incentive for other CEOs on a BOD to approve higher compensation as they can point to it and say they deserve the same. It’s all about transparency in the process. So, why do I care? As a worker I’d like to see that money available for my own wages or for re-investment in the company. As a stockholder I want that money available for dividends. As a consumer I want expenses to be low so I can get better prices.
You don’t know what you are talking about. 78% of the stock in public corporations is owned by 10% of the population.
Half of the households in America own no stock at all.
Dan Blather, the thing about corporate America is that it’s all cut-throat. I never really understood it until I moved to New York, but there is a pervasive attitude (especially here) of “fuck you, i’m getting mine” and really after a while it’s easy to see how living here encourages that kind of behavior. Just being “average” at your job wont’ get you much in New York. You’ll be lucky to live in Manhattan before you’re 35 that way. This attitude is what leads to internal backstabbing and general fuck-you-ery in the city. Can these people be expected to give one iota of a shit about the customer? I doubt it. It’s not surprising then that most banks are based in NYC. But enough with the blue-state hate. Let’s get to the red ones.
Give us a reason to not be condescending! I’d fucking love to have one! I spend the first 20 years of my life growing up in small-town Mississippi, and as much as I’d like to have believed that my fair state has some kind of redeeming value, I am very hard-pressed to find it.
Don’t get me wrong, you dopers in the “Heartland” are obviously a rare breed, and you have emotional attachment to where you’re from. I of course want to stick up for Mississippi every time I get the chance (only that fucking rarely happens, let me tell you) but in the end, I decided I’d rather move somewhere where people were more like me instead of waiting for people around me to change. Sure there are sacrifices one has to make to do that, but it’s better than being surrounded by a bunch of fucking ignorant assholes the entire time. I can’t tell you how many times I’ve tried to disavow someone of their bullshit non-scientific thoughts (on any matter) and simply gave up in the face of blind refusal to accept the truth.
Face it red-state dopers, if McCain wins it will be because your bretheren can’t fucking vote in their own goddamned best interest for being too ignorant. Note I said ignorant instead of stupid. Ignorance is a choice, stupidity is inbred. They often go hand in hand, but it’s very possible to be a smart ignoramus. They are simply going to vote because they don’t want a black guy in office and they’ll use that motive to buy hook line and sinker every goddamned lie about him that comes out.
I’m sorry that I had to say it, but that’s the way I feel. I certainly feel like I’ve spent enough time on both sides of the fence to speak with some amount of authority as well. Maybe you red-staters will call me “uppity” or a “traitor” for moving to the east coast, but guess what? That’s the root of your fucking problem right there! The red states, instead of realizing their ignorance, choose not to fight it, but rather to embrace it as if it were some kind mark of pride. How about not hating the East and West coasts for being better and start emulating them instead?
Total losses are deducted from total gains. The $3000 per year limit is not a maximum for total losses.
Blithering fool was too kind.
I firmly believe that capital gains are a double tax. You’re taxed upon the income you invest, and then if that investment prospers, you’re taxed on it again. CGT should be eliminated altogether, we should do everything we can to encourage people to invest, not to penalize them for doing so intelligently. However, descending from the theoretical to the real world, I want a level playing field. I originally responded to your statement decrying the fact that capital gains were taxed at a lower rate than income. Fine, either tax capital gains at a higher rate, say the taxpayer’s individual tax rate, but limit it to the first $3000 in capital gains per year, or increase the CGT but remove the cap on capital gains loses that can be deducted. Your choice. You want it both ways, tax the fuck out of any and all gains but the individual has to eat their losses over $3K. The only way that this makes sense is if your agenda is what I’ve been saying all along here: You think people should be penalized for being successful, and that the money should be given to people who haven’t earned it. Bullshit.