This topic is locked from further discussion.
[QUOTE="laughingman42"][QUOTE="MrPraline"]I am an agent of Dave's as well. #mhmMrPraline
Ban MrPraline!
They tried. Thrice. #angelsonmysideImpressive. Most impressive.
[QUOTE="-Sun_Tzu-"][QUOTE="laughingman42"]May Dave grant Praline 72 alts in the afterlife lmao the fresh, unused alts are the best can take them every which way Yeah, you don't want them to get too worn down.Ban MrPraline!
MrPraline
I don't think anyone has even touched Pinta Bear in years
[QUOTE="mingmao3046"] If they declare income brackets based off dividends, passive income...a lot of clients will be screwed. That's just wrong. Could you imagine living 70 years, busting your balls, and then having the gov't start taxing you out the a$$ on your nest egg?XaosII
Your own article mentions how IRA's and 401-k's are unaffected.
Anyone investing in stocks or dividend stocks are doing so with an inherent risk. One of those risks among many are increased tax rates. Hey, they could've always gone to US Treasury Bonds as safe and secure investments, right? So, no, i dont have much sympathy for someone investing with their money in one of the riskier forms of investment.
That, and the higher tax rate will still only affect those earning over $250,000. Working for 70 years and earning $250,000 from passive income through dividends? I'd still be happy.
So you agree with me that high taxes decrease investments....okay loland this higher tax will only make things worse[QUOTE="mingmao3046"][QUOTE="EmpCom"] The rich move jobs overseas anyway because labour is cheap as sh*t which in turn saves them money which makes them richerGuybrush_3
how exactly?
by discouraging people from investingSo you agree with me that high taxes decrease investments....okay lolmingmao3046
Nope. Taxes for all investments will be going up. People would still be investing at the same amount either way.
This is the thing all the "taxes hurt job creators" advocates don't understand: Not only has this historyically never been true, but its simply becausse profits are taxed. P-R-O-F-I-T is taxed. It means you are still making money. Higher taxes means you make less, but you are still earning more money than you were before. Business decisions are not made based on taxes, they are made on what brings in profit.
[QUOTE="Guybrush_3"][QUOTE="mingmao3046"] and this higher tax will only make things worsemingmao3046
how exactly?
by discouraging people from investingWhy does this discourage people from investing? What alternative are they going to use to make money?
[QUOTE="mingmao3046"]So you agree with me that high taxes decrease investments....okay lolXaosII
Nope. Taxes for all investments will be going up. People would still be investing at the same amount either way.
This is the thing all the "taxes hurt job creators" advocates don't understand: Not only has this historyically never been true, but its simply becausse profits are taxed. P-R-O-F-I-T is taxed. It means you are still making money. Higher taxes means you make less, but you are still earning more money than you were before. Business decisions are not made based on taxes, they are made on what brings in profit.
exactly. But when you make the taxes higher, the risk/reward becomes less. higher taxes discourage investmentsby discouraging people from investing[QUOTE="mingmao3046"][QUOTE="Guybrush_3"]
how exactly?
Guybrush_3
Why does this discourage people from investing? What alternative are they going to use to make money?
not investing all togetherBusiness decisions are not made based on taxes, they are made on what brings in profit.XaosII
What if, like, taxes take away from the profit margin, though???
[QUOTE="mingmao3046"][QUOTE="Guybrush_3"]not investing all together So what happens to that money then? they save it and dont bother investing in companies.Why does this discourage people from investing? What alternative are they going to use to make money?
-Sun_Tzu-
[QUOTE="Guybrush_3"][QUOTE="mingmao3046"] by discouraging people from investingmingmao3046
Why does this discourage people from investing? What alternative are they going to use to make money?
not investing all togetherSo instead of making slightly less money they are going to choose to lose money? Sounds like a logical conclusion.
[QUOTE="-Sun_Tzu-"][QUOTE="mingmao3046"] they save it and dont bother investing in companies. mingmao3046Save it where? in the bank or with lower risk, lower reward funds that dont help private businesses. why do you want higher taxes on these investments so bad? to pay for more food stamps?
Not likely. Bank rates are lower than inflation, and bond rates aren't that great either. Investing with the stock market has a much higher return. It's still worth the risk (even the article that YOU posted says that people are still going to invest in dividend stocks heavily) You're just wrong.
in the bank or with lower risk, lower reward funds that dont help private businesses. why do you want higher taxes on these investments so bad? to pay for more food stamps?[QUOTE="mingmao3046"][QUOTE="-Sun_Tzu-"] Save it where? Guybrush_3
Not gonna happen. Bank rates are lower than inflation. Investing with the stock market has a much higher return. It's still worth the risk (even the article that YOU posted says that people are still going to invest in dividend stocks heavily) You're just wrong.
theres less reward though which means people wont invest as much. im not sure how you can think higher taxes are good for the economy.[QUOTE="Guybrush_3"][QUOTE="mingmao3046"] in the bank or with lower risk, lower reward funds that dont help private businesses. why do you want higher taxes on these investments so bad? to pay for more food stamps?mingmao3046
Not gonna happen. Bank rates are lower than inflation. Investing with the stock market has a much higher return. It's still worth the risk (even the article that YOU posted says that people are still going to invest in dividend stocks heavily) You're just wrong.
theres less reward though which means people wont invest as much. im not sure how you can think higher taxes are good for the economy.Relatively flat income levels are good for the economy. Higher taxes on people that are much richer than the average person are not bad for the economy. Our economy is driven by the middle class. They create demand, therefore they create the jobs. Rich people aren't going to create jobs just because taxes are low and they make more money if the demand from the middle class isn't there, and if there is money to be made, the rich will still invest. (because otherwise they are just losing money)
exactly. But when you make the taxes higher, the risk/reward becomes less. higher taxes discourage investmentsmingmao3046
Why would anyone bother to make more than the minimum amount of money to live? After all, its going to get taxed higher to the work/reward aspect becomes less. Because you still end up with more money in your pocket.
Even if taxes are increased, theres still no better place to put that money since its only going to be profits - money in your pocket - that will end up being taxed.
theres less reward though which means people wont invest as much. im not sure how you can think higher taxes are good for the economy.[QUOTE="mingmao3046"][QUOTE="Guybrush_3"]
Not gonna happen. Bank rates are lower than inflation. Investing with the stock market has a much higher return. It's still worth the risk (even the article that YOU posted says that people are still going to invest in dividend stocks heavily) You're just wrong.
Guybrush_3
Relatively flat income levels are good for the economy. Higher taxes on people that are much richer than the average person are not bad for the economy. Our economy is driven by the middle class. They create demand, therefore they create the jobs. Rich people aren't going to create jobs just because taxes are low and they make more money if the demand from the middle class isn't there, and if there is money to be made, the rich will still invest. (because otherwise they are just losing money)
So why not just lower taxes on the middle class, and dont touch the wealthy's taxes?[QUOTE="Guybrush_3"][QUOTE="mingmao3046"] theres less reward though which means people wont invest as much. im not sure how you can think higher taxes are good for the economy. mingmao3046
Relatively flat income levels are good for the economy. Higher taxes on people that are much richer than the average person are not bad for the economy. Our economy is driven by the middle class. They create demand, therefore they create the jobs. Rich people aren't going to create jobs just because taxes are low and they make more money if the demand from the middle class isn't there, and if there is money to be made, the rich will still invest. (because otherwise they are just losing money)
So why not just lower taxes on the middle class, and dont touch the wealthy's taxes?You really don't pay attention to what is going on in the US if you have to ask that question. (It has a lot to do with the deficit and the fact that far too much of the wealth in this country in concentrated in just a small percentage of people's hands)
So why not just lower taxes on the middle class, and dont touch the wealthy's taxes?[QUOTE="mingmao3046"][QUOTE="Guybrush_3"]
Relatively flat income levels are good for the economy. Higher taxes on people that are much richer than the average person are not bad for the economy. Our economy is driven by the middle class. They create demand, therefore they create the jobs. Rich people aren't going to create jobs just because taxes are low and they make more money if the demand from the middle class isn't there, and if there is money to be made, the rich will still invest. (because otherwise they are just losing money)
Guybrush_3
You really don't pay attention to what is going on in the US if you have to ask that question. (It has a lot to do with the deficit and the fact that far too much of the wealth in this country in concentrated in just a small percentage of people's hands)
The government has a spending problem. Not a "not enough taxes coming in" problem.[QUOTE="Guybrush_3"][QUOTE="mingmao3046"] So why not just lower taxes on the middle class, and dont touch the wealthy's taxes?mingmao3046
You really don't pay attention to what is going on in the US if you have to ask that question. (It has a lot to do with the deficit and the fact that far too much of the wealth in this country in concentrated in just a small percentage of people's hands)
The government has a spending problem. Not a "not enough taxes coming in" problem.It's both, and you completely ingored the second half of what I said.
[QUOTE="XaosII"]Business decisions are not made based on taxes, they are made on what brings in profit.
moneymatterz
What if, like, taxes take away from the profit margin, though???
Then you are running a bad business when you are more concerned about the taxes on your profit than how you earn that profit.
I have a sense that you have ZERO idea how a business works. Let me school you:
Megacorp earns 2 million in profit one year. If Megacorp does nothing, they will pay %35 on that and owe $700,000 in taxes. If Megacorp reinvests 1 million back into their company before the end of the year, they only pay 1 million worth in taxes - in this case $350,000.
A smart business will maximize their profits without regard to taxes, because reinvesting that money is always a better decision.
Cool.
You do have to admire the shell game that conservatives have been playing for the past 30 years. Just keep cutting taxes, create bigger and bigger budget deficits and then say we have a spending problem. -Sun_Tzu-
Also this. And their good Santa/bad Santa strategy. Spend like gangbusters on things like defense while they're in office and keep completely mum on the deficit, then when Dems take office make spending and the defecit the biggest issue on the face of the earth.
The government has a spending problem. Not a "not enough taxes coming in" problem.[QUOTE="mingmao3046"][QUOTE="Guybrush_3"]
You really don't pay attention to what is going on in the US if you have to ask that question. (It has a lot to do with the deficit and the fact that far too much of the wealth in this country in concentrated in just a small percentage of people's hands)
Guybrush_3
It's both, and you completely ingored the second half of what I said.
You do have to admire the shell game that conservatives have been playing for the past 30 years. Just keep cutting taxes, create bigger and bigger budget deficits and then say we have a spending problem.[QUOTE="Guybrush_3"][QUOTE="mingmao3046"] So why not just lower taxes on the middle class, and dont touch the wealthy's taxes?mingmao3046
You really don't pay attention to what is going on in the US if you have to ask that question. (It has a lot to do with the deficit and the fact that far too much of the wealth in this country in concentrated in just a small percentage of people's hands)
The government has a spending problem. Not a "not enough taxes coming in" problem. it's both.[QUOTE="moneymatterz"]
[QUOTE="XaosII"]Business decisions are not made based on taxes, they are made on what brings in profit.
XaosII
What if, like, taxes take away from the profit margin, though???
Then you are running a bad business when you are more concerned about the taxes on your profit than how you earn that profit.
I have a sense that you have ZERO idea how a business works. Let me school you:
I lol'd
Just sit back and praise Jesus.Do you think anyone here is going to care unless it affects them personally?
moneymatterz
Obama is a disaster.
Libs won't learn until the western world collapses under its own weight.
Sad but trueby discouraging people from investing[QUOTE="mingmao3046"][QUOTE="Guybrush_3"]
how exactly?
Guybrush_3
Why does this discourage people from investing? What alternative are they going to use to make money?
the united states is not the world, just because taxes go up here does not mean they do so everywhere else, notice how manufacturing has been moved abroad, that is because 'our' regulations dont reach foreign shores.[QUOTE="Guybrush_3"]
[QUOTE="mingmao3046"] by discouraging people from investingsurrealnumber5
Why does this discourage people from investing? What alternative are they going to use to make money?
the united states is not the world, just because taxes go up here does not mean they do so everywhere else, notice how manufacturing has been moved abroad, that is because 'our' regulations dont reach foreign shores. clothing factory workers in bangladesh are thankful for that.[QUOTE="Guybrush_3"]
[QUOTE="mingmao3046"] by discouraging people from investingsurrealnumber5
Why does this discourage people from investing? What alternative are they going to use to make money?
the united states is not the world, just because taxes go up here does not mean they do so everywhere else, notice how manufacturing has been moved abroad, that is because 'our' regulations dont reach foreign shores.So you think wealthy people are just going to up and move to thailand in droves? Sounds unlikely
[QUOTE="XaosII"]
[QUOTE="moneymatterz"]
What if, like, taxes take away from the profit margin, though???
moneymatterz
Then you are running a bad business when you are more concerned about the taxes on your profit than how you earn that profit.
I have a sense that you have ZERO idea how a business works. Let me school you:
I lol'd
To be fair you've been wrong in pretty much everything you've ever said that we here on Gamespot can observe so I can't say I blame him for that assumption...[QUOTE="moneymatterz"][QUOTE="XaosII"]
Then you are running a bad business when you are more concerned about the taxes on your profit than how you earn that profit.
I have a sense that you have ZERO idea how a business works. Let me school you:
Ace6301
I lol'd
To be fair you've been wrong in pretty much everything you've ever said that we here on Gamespot can observe so I can't say I blame him for that assumption...Let's be honest. I've been pretty spot-on about the nature of Liberalism and its adherents, in this thread and many others.
the united states is not the world, just because taxes go up here does not mean they do so everywhere else, notice how manufacturing has been moved abroad, that is because 'our' regulations dont reach foreign shores.[QUOTE="surrealnumber5"]
[QUOTE="Guybrush_3"]
Why does this discourage people from investing? What alternative are they going to use to make money?
Guybrush_3
So you think wealthy people are just going to up and move to thailand in droves? Sounds unlikely
The world is not broken down into united states and Thailand, but believe what you want. if i had a few mill i would move to the Republic Myanmar, they have recently opened up (2010)and back before it became a series of military dictatorships, it was the riches Asian country. there is more money to be made there than anywhere here in America or Europe as far as investment opportunities are concerned and the list does not end with them.Where did all these conservatives pop up from? Anyway my argument when raising this and capital gains taxes....what about the beloved old people who both sides shameless try to pander in any way possible. A lot of old people and retirees get that from investments.....so raising taxes on that leaves them with less money......
[QUOTE="surrealnumber5"]the united states is not the world, just because taxes go up here does not mean they do so everywhere else, notice how manufacturing has been moved abroad, that is because 'our' regulations dont reach foreign shores. clothing factory workers in bangladesh are thankful for that. your boys battery company A123, that got a huge bailout, was just purchased by china. so if you dont care about heavy industry or consumer product industries, do you care about producing anything or do you think people will just let america print and buy forever without anything in return?[QUOTE="Guybrush_3"]
Why does this discourage people from investing? What alternative are they going to use to make money?
comp_atkins
To be fair you've been wrong in pretty much everything you've ever said that we here on Gamespot can observe so I can't say I blame him for that assumption...[QUOTE="Ace6301"][QUOTE="moneymatterz"]
I lol'd
moneymatterz
Let's be honest. I've been pretty spot-on about the nature of Liberalism and its adherents, in this thread and many others.
Well at least you don't contest that you're wrong about everything all the time.It's only higher taxes on income over 250k any income up to that point will still benefit from the bush era tax cuts. So for example if you have 1 million in cap gains, only 750k of that will be taxed at the new rate. Most retirement portfolios aren't worth this much money, but it's not the drastic change so many want to proclaim. It's like winning the lottery and then complaining that you have to pay taxes on that money, how can you miss what you never really had in the first place?Where did all these conservatives pop up from? Anyway my argument when raising this and capital gains taxes....what about the beloved old people who both sides shameless try to pander in any way possible. A lot of old people and retirees get that from investments.....so raising taxes on that leaves them with less money......
AdamPA1006
[QUOTE="moneymatterz"]
[QUOTE="XaosII"]Business decisions are not made based on taxes, they are made on what brings in profit.
XaosII
What if, like, taxes take away from the profit margin, though???
Then you are running a bad business when you are more concerned about the taxes on your profit than how you earn that profit.
I have a sense that you have ZERO idea how a business works. Let me school you:
Megacorp earns 2 million in profit one year. If Megacorp does nothing, they will pay %35 on that and owe $700,000 in taxes. If Megacorp reinvests 1 million back into their company before the end of the year, they only pay 1 million worth in taxes - in this case $350,000.
A smart business will maximize their profits without regard to taxes, because reinvesting that money is always a better decision.
Lol no.
clothing factory workers in bangladesh are thankful for that. your boys battery company A123, that got a huge bailout, was just purchased by china. so if you dont care about heavy industry or consumer product industries, do you care about producing anything or do you think people will just let america print and buy forever without anything in return? the clothing factory burned to the ground, over a hundred people died because there were not proper exits in the building. i was being sarcastic :P[QUOTE="comp_atkins"][QUOTE="surrealnumber5"] the united states is not the world, just because taxes go up here does not mean they do so everywhere else, notice how manufacturing has been moved abroad, that is because 'our' regulations dont reach foreign shores.
surrealnumber5
What's the average income tax rate? Isn't that pretty high? We should just make a flat tax code that doesn't let people get out of paying taxes.
What's the average income tax rate? Isn't that pretty high? We should just make a flat tax code that doesn't let people get out of paying taxes.
GIJames248
flat income taxes are a terrible idea. How do people not understand this?
[QUOTE="GIJames248"]
What's the average income tax rate? Isn't that pretty high? We should just make a flat tax code that doesn't let people get out of paying taxes.
Guybrush_3
flat income taxes are a terrible idea. How do people not understand this?
Isn't everyone getting the same military protection, used of the roads, and legal process as everyone else?
It seems pretty common sense to me. It's not like everyone is paying the same amount of taxes.
[QUOTE="Guybrush_3"]
[QUOTE="GIJames248"]
What's the average income tax rate? Isn't that pretty high? We should just make a flat tax code that doesn't let people get out of paying taxes.
GIJames248
flat income taxes are a terrible idea. How do people not understand this?
Isn't everyone getting the same military protection, used of the roads, and legal process as everyone else?
It seems pretty common sense to me. It's not like everyone is paying the same amount of taxes.
It only seems common sense because you don't understand how the economy actually works.
Please Log In to post.
Log in to comment