CitizenVectron Posted April 22, 2021 Share Posted April 22, 2021 Good. Fuck those sick fucks that make all their money through existing capital and then pay less taxes than people actually working for it. All capital gains should be taxed at the same level as income, no exceptions (well, except sale of primary residence, I suppose). The two options are tax the rich or eat the rich. To clarify, this is the highest capital gains tax level for the rich. Sounds like it will scale up. It should just be scaled the same was as income (just bundle it all together). 3 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted April 22, 2021 Share Posted April 22, 2021 Hell yeah Quote Link to comment Share on other sites More sharing options...
CayceG Posted April 22, 2021 Share Posted April 22, 2021 Doesn't matter. Money isn't real. 1 Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted April 22, 2021 Share Posted April 22, 2021 24 minutes ago, CitizenVectron said: Good. Fuck those sick fucks that make all their money through existing capital and then pay less taxes than people actually working for it. All capital gains should be taxed at the same level as income, no exceptions (well, except sale of primary residence, I suppose). The two options are tax the rich or eat the rich. To clarify, this is the highest capital gains tax level for the rich. Sounds like it will scale up. It should just be scaled the same was as income (just bundle it all together). Are you worried that doing so would disincentivize long term investments? Why hold onto a stock for greater than a year if my gains will be taxed at exactly the same rate as if I had held the stock for 10 minutes? Also, I'm not opposed to taxing capital gains at higher rates - it makes sense if your primary source of income are things like stock grants because you are a high level executive at a company. But it's a shit idea if these stocks are just a part of your compensation package, or the capital gains are from your own investments. Quote Link to comment Share on other sites More sharing options...
Joe Posted April 22, 2021 Share Posted April 22, 2021 I wonder if this would increase short term trading at all? Quote Link to comment Share on other sites More sharing options...
Guest Posted April 22, 2021 Share Posted April 22, 2021 Quote Link to comment Share on other sites More sharing options...
Chris- Posted April 22, 2021 Share Posted April 22, 2021 10 minutes ago, mclumber1 said: Are you worried that doing so would disincentivize long term investments? Why hold onto a stock for greater than a year if my gains will be taxed at exactly the same rate as if I had held the stock for 10 minutes? Also, I'm not opposed to taxing capital gains at higher rates - it makes sense if your primary source of income are things like stock grants because you are a high level executive at a company. But it's a shit idea if these stocks are just a part of your compensation package, or you gained the capital gains are from your own investments. This proposal is for people making more than $1 million a year, so there is precisely zero reason to care. Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted April 22, 2021 Share Posted April 22, 2021 Just now, Chris- said: This proposal is for people making more than $1 million a year, so there is precisely zero reason to care. OIC Quote Link to comment Share on other sites More sharing options...
Jason Posted April 22, 2021 Share Posted April 22, 2021 4 minutes ago, Chris- said: This proposal is for people making more than $1 million a year, so there is precisely zero reason to care. The article is unclear on whether it's pegging it to income tax rates across the board or just for high earners. It's also unclear about when the 43.4% would actually kick in, it immediately follows the mention of 43.4% with "the proposal would hike the capital gains rate to 39.6% for those earning $1 million or more". Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted April 22, 2021 Share Posted April 22, 2021 GETTEM Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted April 22, 2021 Share Posted April 22, 2021 300 point drop is uhhh nothing, lol. 1 Quote Link to comment Share on other sites More sharing options...
Bacon Posted April 22, 2021 Share Posted April 22, 2021 1 Quote Link to comment Share on other sites More sharing options...
Uaarkson Posted April 22, 2021 Share Posted April 22, 2021 If this increased revenue goes to spending on welfare and social services then fuck yeah. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted April 22, 2021 Share Posted April 22, 2021 Just now, Uaarkson said: If this increased revenue goes to spending on welfare and social services then fuck yeah. For the feds, taxation is to simply remove money from the market, as it is separate from spending entirely. It's good for keeping inflation in check and as a way to reduce income inequality. Get MMT pilled my man. 1 Quote Link to comment Share on other sites More sharing options...
Ricofoley Posted April 22, 2021 Share Posted April 22, 2021 I don't think there's a chance in hell this is real, but Biden and Yellen would absolutely leap up to legendary status for me if it was real. Do it for the gamers, Joe. They need their GPUs. 1 2 Quote Link to comment Share on other sites More sharing options...
Jason Posted April 22, 2021 Share Posted April 22, 2021 1 minute ago, Ricofoley said: I don't think there's a chance in hell this is real, but Biden and Yellen would absolutely leap up to legendary status for me if it was real. Do it for the gamers, Joe. They need their GPUs. No wonder crypto shit the bed today. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted April 22, 2021 Share Posted April 22, 2021 3 minutes ago, Ricofoley said: I don't think there's a chance in hell this is real, but Biden and Yellen would absolutely leap up to legendary status for me if it was real. Do it for the gamers, Joe. They need their GPUs. I'd put a picture of biden in every room of my home like he's Mao or Stalin if he did this 1 7 Quote Link to comment Share on other sites More sharing options...
Fizzzzle Posted April 23, 2021 Share Posted April 23, 2021 We need our fucking chips, Joe. Quote Link to comment Share on other sites More sharing options...
marioandsonic Posted April 23, 2021 Share Posted April 23, 2021 4 hours ago, Bacon said: Oh god that auto-playing video scared me with my headphones on 1 Quote Link to comment Share on other sites More sharing options...
Air_Delivery Posted April 23, 2021 Share Posted April 23, 2021 1 hour ago, Ricofoley said: I don't think there's a chance in hell this is real, but Biden and Yellen would absolutely leap up to legendary status for me if it was real. Do it for the gamers, Joe. They need their GPUs. I think the chances are more than you think just because of the energy usage. Cryptocurrency at least of the type bitcoin needs to die. Quote Link to comment Share on other sites More sharing options...
Bacon Posted April 23, 2021 Share Posted April 23, 2021 1 minute ago, marioandsonic said: Oh god that auto-playing video scared me with my headphones on Quote Link to comment Share on other sites More sharing options...
Air_Delivery Posted April 23, 2021 Share Posted April 23, 2021 If Joe kills crypto he would become a top 3 president of all time for me. 1 1 Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted April 23, 2021 Share Posted April 23, 2021 47 minutes ago, Fizzzzle said: We need our fucking chips, Joe. Play with integrated graphics like a boss. 1 1 2 Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted April 23, 2021 Share Posted April 23, 2021 Crypto is a scam and it should die. Quote Link to comment Share on other sites More sharing options...
thewhyteboar Posted April 23, 2021 Share Posted April 23, 2021 Crypto is astrology for libertarians. 1 1 Quote Link to comment Share on other sites More sharing options...
Anathema- Posted April 23, 2021 Share Posted April 23, 2021 12 hours ago, PaladinSolo said: 300 point drop is uhhh nothing, lol. 🎶 Memories 🎶 TUE, OCT 6 2020 3:51 PM EDT Trump tweets spark 600-point drop President Trump's tweets about stopping the stimulus negotiations triggered a drop in the Dow of roughly 600 points and a sharp reversal in the other major indexes. The S&P 500 fell from roughly 3,430 to about 3,356. — Jesse Pound, Nate Rattner Quote Link to comment Share on other sites More sharing options...
Brian Posted April 23, 2021 Share Posted April 23, 2021 Lol 80% Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted April 23, 2021 Share Posted April 23, 2021 I really want the crypto thing to be real. One major country putting severe tax or regulation on it and they’re dead. Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted April 23, 2021 Share Posted April 23, 2021 13 hours ago, Ricofoley said: 1 2 Quote Link to comment Share on other sites More sharing options...
Greatoneshere Posted April 23, 2021 Share Posted April 23, 2021 Me in stages hearing Biden will tax crypto at 80% and anyone making over $1 million at 43%. 1 Quote Link to comment Share on other sites More sharing options...
Chairslinger Posted April 23, 2021 Share Posted April 23, 2021 2 hours ago, Spork3245 said: I really want the crypto thing to be real. One major country putting severe tax or regulation on it and they’re dead. I don't really "get" the whole crypto craze. Would this leave a bunch of people with a lot of useless crypto and PC rigs like a 90's kid with a closet full of pogs and beanie babies? Because if so..... Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted April 23, 2021 Share Posted April 23, 2021 2 minutes ago, Chairslinger said: I don't really "get" the whole crypto craze. Would this leave a bunch of people with a lot of useless crypto and PC rigs like a 90's kid with a closet full of pogs and beanie babies? Because if so..... When BTC dropped last time, all of the people with mining rigs were selling their burnt out GPUs on eBay for cheap. 1 Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted April 23, 2021 Share Posted April 23, 2021 Someone embedded some audio file that auto plays on a loop with no way of stopping it itt and they should be permabanned. Just saying. Quote Link to comment Share on other sites More sharing options...
thewhyteboar Posted April 23, 2021 Share Posted April 23, 2021 9 minutes ago, Spork3245 said: Someone embedded some audio file that auto plays on a loop with no way of stopping it itt and they should be permabanned. Just saying. I don't believe in the death penalty, except for auto-playing audio. Quote Link to comment Share on other sites More sharing options...
Jason Posted April 23, 2021 Share Posted April 23, 2021 10 minutes ago, Spork3245 said: Someone embedded some audio file that auto plays on a loop Quote Link to comment Share on other sites More sharing options...
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