President Trump: The NEW one and only politics thread

We can all agree that investing is a slightly riskier but certainly less taxing and less taxed way to make a living.

 

Ill stand down.

 

Are you so committed to this double/triple/whatever taxation nonsense that you are actually going with this? The reduced value of shares that maybe possibly could be attributed to owing to the tax rate is in itself a tax?

Good Christ. Sometimes you should stop and listen to what the fuck you're talking about.

Now I know you're going to call me some kind of name because you get off on your mod power in doing that, while banning people who do it to you, but you sound really dumb on this.

 

You can call it whatever you want. The facts are:

When a United States citizen sells an asset for more than its purchase price, the United States government requires the citizen to claim the resulting profit on its Income Tax Return, at which point the citizen must pay a capital gains tax on each dollar of profit he earned. The capital gains tax is the one and only federal tax that the citizen will pay on each of those dollars of profit he earned. If he spends any of those dollars on gasoline, the federal government will take an additional tax out. At that point, and at that point only, the citizen will have paid two taxes on the same dollar. All of these are facts, whether or not you accept them as such. They do not support the conclusion that the capital gains tax levies an addition tax on dollars that have already been taxed, which is what you said, which is the evidence you used to conclude that the capital gains tax is unfair.

Please note that every sentence above is falsifiable. Just a statement of facts.

 

"If state and local taxes become more expensive because of federal changes in their deductibility, state legislatures might then come under pressure to lower taxes." Um that's a good idea, sport.

Why It’s Too Soon to Predict What the Tax Changes Will Mean for You

They need to get rid of college loan/savings deductions, college is a huge scam these days.

 

Where does skimming union dues fall on that continuum?

 

This isn't true.

If I make $15,000 and pay $5,000 in taxes, I have $10,000. If I invest that and it grows to $16,000, I am taxed on the $6,000 profit. I am not taxed again on the $10,000 initial investment.

 

Well then, someone must have stopped the presses.

 

We need a separate tax thread. Just like how we have a separate golf thread.