Actually, you’re looking more and more the fool the deeper and deeper you suck on your Birkenstocks. The maximum gain you can be taxed on is unlimited. And sure, you can take losses against that for an aggregate total gain. No problem so far. But if you lose money-you’re in the red completely, with capital losses instead of gains, or losses that exceed your gains, the maximum you can write off in capital losses is $3K/year.
Blithering fool, huh? That implies that I’m wrong, but I’m not. Would you like your crow baked, boiled or fried?
But doesn’t a capital gains tax mean you’re taxed only on the gains - the additional income you earn over and above the original income you invested? Where’s the double taxation?
Yes, you are right, and I do admit that that is a cogent counter to my argument and may sway some people, but again, I was stating an opinion. An individuals after tax income is theirs, and what they do with it is their business. If they grow it, great, good for them. The government’s already gotten their whack, they shouldn’t be lining up for more. As I said “I firmly believe”, IOW, MHO only.
That is decidedly your opinion. McCain isn’t a water walker, and neither is Obama.
You are casting stones against glass houses in a neigborhood where all the houses are made of brick.
Yet again, another broad brush to paint the people that live between the apparently enlightened coasts.
What a load of fucking bullshit that is. I mean, really. Jesus Fucking Christ on a pogo stick.
Hopefully I’m allowed to say that about Jesus, especially since I apparently live in an area where the right-wing nazis are about to kill me for disparaging their God(s).
You’re an idiot. Since when is a financially responsible group of people that measures in the tens of millions grabbing food out of your mouth?
Here’s a hint…Democrats that have vast sums of money (GASP! They DO exist! Horror of horrors!) also invest in stocks and pay the same rate of taxation as those evil Republicans!
Where’s the honor in that? Something must be done! We can’t have economic equality amongst the political parties, otherwise our argument might be…
30 million people is not “relatively few”, on practically any scale.
And now take out dependents - most people under age 22 - who aren’t expected to own stock. Split married couples in half, since most don’t individually own their own stocks. Take out the elderly who have cashed out their stocks to live off of.
Hey Fear Itself, I got a quick corollary question for you: what percentage of taxes are paid by those rich “relatively few”, hmm?
Oh, and while we’re at it, what percentage of stocks are held by the mutual funds, retirement accounts and 401Ks that most normal Americans count on to subsidize the meager SS benefits that they will get upon retirement? In your jealous zeal to somehow punish “fat cats” for being successful and rich, you’re ignoring all of the rest of us who work and invest for our futures in those same stocks that you hate so much. Typical class hatred bullshit.
As has come up in the oil companies and windfall tax arguments, the absolute number doesn’t really address the issue.
Of course, my objection is rescinded if you’re in favor of a windfall tax on oil profits. And if so, that discussion should take place in a different thread…
Quite the strawman and proof that the pubs have succeeded in framing the debate. I don’t know any liberals who oppose 401Ks, nor do I think that requiring people to pay the same tax rates on capital gains as a factory worker pays on his wages is punishing the rich. The irony is that blue states are wealthier AND more liberal. Warren Buffet and Bill Gates both support the estate tax. This is not a case of poor, bitter liberals trying to soak the rich. It’s handful of fat cats who have succesfully convinced people to vote against their own (and the country’s) economic interest by using guns, god, and gays to create a smoke screen.
Don’t do dirt on the Clotha’. Remember, it is possible in the US to live entirely within a bunker of GOP run media and news. In parts, it’s hard not to.
Think of Clothahump as missives from within the bunker, so you are up to date on what they’re fed.
You completely miss the point. *You * may think it’s a great idea to cut all this stuff, but history shows that showering pork swings votes. History also shows that politicians who say they stand for cut-my-taxes-and-leave-me-alone government gain votes by doing so.
You can’t be showered with pork by a cut-my-taxes-and-leave-me-alone government.
If there are people who will vote for politicians who are both pork barrellers and nominally in favour of cut-my-taxes-and-leave-me-alone government, those people are hypocrites or idiots or a bit of both.
**DanBlather ** is suggesting that there are many in red states who fit this description. If he’s right, then there are many in red states who are hypocrites or idiots or a bit of both.
Horseshit. At the very least **Clothahump ** has been fed links to a wide variety of news sources, and presented with alternate viewpoints, through these boards themselves for years. If he has discounted it all, that’s up to him.
But thanks for the props in the “In praise of Dopers who don’t normally get praised” thread, nonetheless
