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Old 11-06-2017, 03:25 PM
 
Location: West Coast of Europe
19,865 posts, read 18,308,470 times
Reputation: 7955

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Quote:
Originally Posted by PedroMartinez View Post
It's. It an investment if you know you will lose money.

Here is a link to the definition of investment. This should help you understand it better.

https://www.merriam-webster.com/dictionary/investment
Did you read carefully? It says
"the outlay of money usually for income or profit
:capital outlay; also
:the sum invested or the property purchased"

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Old 11-06-2017, 03:56 PM
 
1,746 posts, read 495,715 times
Reputation: 1440
Quote:
Originally Posted by stockwiz View Post

Relatively few middle class take advantage of long term capital gains... When they invest its with a 401k they have to pay normal income tax rates on. Its mostly a tax break for the rich.
Not really. All kinds of middle class taxpayers realize long term capital gains on assets other than what might be contained in their 401Ks. Rental properties, inherited real estate, securities, etc.

One might think that somebody calling him/herself "stockwiz" would be aware of this reality, but perhaps not in this case, I guess.

Quote:
Originally Posted by stockwiz

I'd be willing to pay normal income tax rates on my stock gains.
You can do that now, without penalty. If you choose to treat long term capital gains as ordinary income and pay your taxes at the higher rate, nobody is stopping you. If you're concerned that the IRS may flag your return because of treating an LTCG as ordinary income, then you can simply declare more ordinary income than you actually realized that year, and pay tax on the higher amount. The IRS isn't going to question it, in most circumstances.

So go for it. Lead by example. Show us how it's done.
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Old 11-06-2017, 04:12 PM
 
Location: Texas
23,816 posts, read 10,001,826 times
Reputation: 5324
Quote:
Originally Posted by VTHokieFan View Post
For the middle class investors, capital gains will be lowered to 10%, the rich will have their capital gains raised to 50%. Thoughts?
That will cause less people to invest. When you lower profits that is what happens.

You want to know what happens when you don't think things through?
You get this
A capital gain on
250k-25k tax=225k
300k-150k=150k

Anymore gems packed away in that Vi Tech brain of yours?

How about we reduce the size of our federal government by lowering spending and let the states handle things? Like the founders intentioned.
Crazy talk I know.
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Old 11-06-2017, 04:22 PM
 
Location: The South
4,524 posts, read 3,164,555 times
Reputation: 6570
Quote:
Originally Posted by VTHokieFan View Post
For the middle class investors, capital gains will be lowered to 10%, the rich will have their capital gains raised to 50%. Thoughts?
Lets tax everybody, rich and poor a minimum of 10%. Fair is fair. Everybody that lives in the USA should pay something.
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Old 11-06-2017, 04:23 PM
 
Location: Texas
23,816 posts, read 10,001,826 times
Reputation: 5324
Quote:
Originally Posted by Southern man View Post
Lets tax everybody, rich and poor a minimum of 10%. Fair is fair. Everybody that lives in the USA should pay something.
Why? And how is 10% the number I have to give up for your causes?
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Old 11-06-2017, 04:50 PM
 
Location: NE Ohio
30,088 posts, read 15,651,256 times
Reputation: 8782
Quote:
Originally Posted by Colorado^ View Post
Because stealing money is easier than working for it. Ask any criminal.


They use the money to fund programs and subsidize things that those they steal from would never voluntarily give their money to support, such as Planned Parenthood, paying benefits to illegal aliens (which is unlawful, but they do it anyway), and make grants to "Sanctuary Cities" who harbor illegal aliens that kill Americans (like Kate Steinle's killer), fund schools that teach our children that America is racist, evil and pay teachers who ridicule Christianity and Christian students.

Our government is totally corrupt, thanks largely to "progressivism."
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Old 11-06-2017, 04:52 PM
 
Location: Texas
42,204 posts, read 49,740,662 times
Reputation: 66975
Quote:
Originally Posted by VTHokieFan View Post
For the middle class investors, capital gains will be lowered to 10%, the rich will have their capital gains raised to 50%. Thoughts?
So Joe the plumber who works his whole life to create a business and then sells it to finance his retirement now has to pay 50% capital gains tax because you don't wanna pay taxes?

Yeah. Ok.

Or how about everyone stop buying stocks and other investment vehicles and keep all their money in savings so they only have to pay ordinary income tax and the economy come to a grinding halt?

Genius.
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Old 11-06-2017, 04:54 PM
 
Location: NE Ohio
30,088 posts, read 15,651,256 times
Reputation: 8782
Wikipedia is NOT a trustworthy source of information on something like this. It is very biased toward the Left, as it is funded by George Soros.
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