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Recently it has come to light that Mitt Romney despite making millions in carried income and capital gains pays "probably close to 15%" taxes by his own statement. This feat is due to the majority of his earnings coming from capital gains in the form ...
Started by McSpriest on
, 20 posts
by 9 people.
Answer Snippets (Read the full thread at mmo-champion):
Infact, the whole concept of capital gains tax is extremely sketchy gone up....
Absolutely not.
The company and paid capital gains tax and if things got bad they still made money because the advice fees job isn't.
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Originally Posted By: john skarie
Jobs were created and investments were made before the tax breaks existed were they not?
Keep in mind, income taxes corporate, personal and capital gains are a relatively new thing for this country. This country ran for...
Started by LightningBG on
, 19 posts
by 8 people.
Answer Snippets (Read the full thread at hotspotoutdoors):
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Last night we were out for a nice dinner with my mom and H's parents. We started talking about capital gains taxes in the context of Mitt Romney's tax rate. My FIL opined that it's really not fair that Mitt's money was taxed twice. I asked what he meant...
Started by RedBellPeppers on
, 23 posts
by 13 people.
Answer Snippets (Read the full thread at thenest):
By this logic, you could argue that ANY tax....
By this logic, you could argue that ANY tax is a double tax paying the capital gains tax when you profit.
The capital gains tax when you profit.
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Ask your Facebook Friends
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Originally Posted By: john skarie
Jobs were created and investments were made before the tax breaks existed were they not?
Keep in mind, income taxes corporate, personal and capital gains are a relatively new thing for this country. This country ran for...
Started by LightningBG on
, 20 posts
by 9 people.
Answer Snippets (Read the full thread at hotspotoutdoors):
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For the last week the left and the righties have been making an issue of Mitt Romney only paying 15% in taxes (his statement). In watching the news media and reading it's fairly evident that 90% of this country doesn't know the difference between the ...
Started by Beast26 on
, 19 posts
by 8 people.
Answer Snippets (Read the full thread at hotspotoutdoors):
I am not a tax savant like Beast but if the R's get their way and lower the capital gains tax....
He ALREADY paid income taxes on the income...
It really is that simple.
And capital gains tax rates.
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Originally Posted By: foo Because they don't have to invest in the US. If its taxed at a higher rate the investment will move.
You want to encourage investment in the US not make it harder. That's also why small business's should be taxed at a much lower...
Started by upnorth on
, 13 posts
by 7 people.
Answer Snippets (Read the full thread at hotspotoutdoors):
You income earned....
The management fee has an argument for higher taxation.
I agree about capitol gains tax they get paid on there capital gains earnings.
Off capital gains they have made WITH OTHER PEOPLE'S MONEY.
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Originally Posted By: foo What are these loopholes I keep hearing about in investments? Why not go after the "loopholes" and keep the rates the same or lower it.
Loopholes are generally targeted incentives to get people or companies to do something. Letting...
Started by delcecchi on
, 21 posts
by 8 people.
Answer Snippets (Read the full thread at hotspotoutdoors):
Do you think raising the tax rate on capital gains would spur investment?
Edited by foo raising....
Though this money it this way....
They receive from investors as capital gains, subject to a 15 percent tax rate.
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Originally Posted By: foo Because they don't have to invest in the US. If its taxed at a higher rate the investment will move.
You want to encourage investment in the US not make it harder. That's also why small business's should be taxed at a much lower...
Started by upnorth on
, 14 posts
by 7 people.
Answer Snippets (Read the full thread at hotspotoutdoors):
You income earned....
The management fee has an argument for higher taxation.
I agree about capitol gains tax they get paid on there capital gains earnings.
Off capital gains they have made WITH OTHER PEOPLE'S MONEY.
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Originally Posted By: foo What are these loopholes I keep hearing about in investments? Why not go after the "loopholes" and keep the rates the same or lower it.
Loopholes are generally targeted incentives to get people or companies to do something. Letting...
Started by delcecchi on
, 18 posts
by 7 people.
Answer Snippets (Read the full thread at hotspotoutdoors):
Do you think raising the tax rate on capital gains would spur investment?
Edited by foo raising....
Though this money it this way....
They receive from investors as capital gains, subject to a 15 percent tax rate.
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Quote: : You lost me.
I think you're saying taxes don't matter as far as an incentive to invest - the assumption being there are no alternatives. What I'm saying is there are alternatives, and it does make a difference. The crappy interest rate you refer...
Started by swamptiger on
, 25 posts
by 6 people.
Answer Snippets (Read the full thread at hotspotoutdoors):
So why would you want to raise capital gains over for a BBQ on....
It would be smarter to move capital gains rates to zero than to move of credits or subsidies, more than likely from both parties.
Them is not a solution either.
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