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I never mentioned high income, don't know what that has to do with my post.
No one in their right mind would call the Trump org a small business. Seriously how many small businesses have a billion dollars in loss for one year?
I never said Trump was a small business owner, but by Hillary saying raise taxes on the rich guy by raising taxes on INCOME is misleading you, it's basically a lie. You're trying to get the Trumps to pay more but raising taxes on income is instead nailing the little guy.
Higher taxes do not get the rich, they'll get around it and legally too. Who ever implies that by raising taxes on INCOME is playing you (and knows it) because you are not tax savvy. It's done to gain your support to raise taxes but on the wrong people. Hillary is also using it to demonize Trump when she is really the bad one by lying to you.
Originally Posted by DC at the Ridge View Post
And we appreciate the many insights you provide to us about these matters.
You're welcome DC at the Ridge. If you want real insight (and possibly change your money situation) read Robert Kiyoski Cash Flow Quadrant. He puts a lot together for you. Having an understanding changed my life partly because I understood much more and because I made the needed changes after learning.
Hillary and Democrats are seriously misleading people and it's sad to see people suffering because of their lack of knowlege and being sold lies that only benefit the politician but we can't do anything about it because the media is too powerful.
As I said, I'm the little people too. I have family in the same situation as many of you which I always try to help but I'm really just not sure how else it can be explained to the point that people who don't have the knowledge so they know they are being mislead.
The fact that there are incredibly few investment vehicles that return 25% a year. Its not even "normal" for commercial real estate. Happy to readjust my assumptions if you can point out any investments returning that much for large sums of money that would be a reasonable investment for a wealthy individual.
And we appreciate the many insights you provide to us about these matters.
I'm very interested in taxes because knowing what to do allows me to make smarter decision to legally reduce my taxable income and keep more of my money. Look at the graph below. People on the left side pays the most taxes.
When you raise taxes on the top end o the income scale you hurt the people in the S quadrant (self employed) and smaller businesses in the B quadrant the most. By the government taking more of their money through higher taxation they can't grow their business. If they were able to keep money and grow then they would need more people to help in the business (employee's).
The left is demonizing the rich and business people but if these people did not risk / invest their money and "employ people" there are a lot of people would not have the ability to make money and would become government dependent. If she puts more out of business people who don't have the ability to start a business would have less choices too.
Trump said the tax code was unfair, he wants that to change, he's telling you the truth, that changing the tax code so you can keep more of your money is best, where Hillary wants more of the people's money and trickle down government.
The fact that there are incredibly few investment vehicles that return 25% a year. Its not even "normal" for commercial real estate. Happy to readjust my assumptions if you can point out any investments returning that much for large sums of money that would be a reasonable investment for a wealthy individual.
I wish I was getting 25% return on my investments. If I was I probably would not be on this forum and probably not voting against status quo. I will say my house in Westchester (a few towns over from Hillary) was appraised at 20% higher than I bought it for in 2012 recently not including improvements we put in.
I wish I was getting 25% return on my investments. If I was I probably would not be on this forum and probably not voting against status quo. I will say my house in Westchester (a few towns over from Hillary) was appraised at 20% higher than I bought it for in 2012 recently not including improvements we put in.
Exactly my point, and exactly why I don't question any sudden changes in his net worth as I do with Hillary. His changes both up and down are mostly a factor of him having a vast deal of his money tied up in one type of investment that happens to have an enormous price tag, AND has a tendency to swing wildly in value.
Other very wealthy investors (like the Clintons) who own equities and other traditional investment vehicles probably have a much smaller swings in their invested income and net worth.
I wish I was getting 25% return on my investments. If I was I probably would not be on this forum and probably not voting against status quo. I will say my house in Westchester (a few towns over from Hillary) was appraised at 20% higher than I bought it for in 2012 recently not including improvements we put in.
So what is motivating your choices fear or anger ? I live and work in the Bronx. My homes value has gone up nearly doubled but I agree investment returns on regular savings don't amount to much. Im a saver, nearly 20 percent of my income goes to savings. Returns are so low. But Im hopeful and fearful of dergulation and Republican economic principals doing what they do to the middle class. The RNC is worse for the nations economy. Dont vote with anger or fear or resentment.
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