Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I wonder what will happen when the Obama moochers can't get any more free stuff from the wealthy...Its going to get real interesting to say the least...
"For many of the wealthy, 2012 is becoming a good year to sell.
They're worried about the "fiscal cliff," which is when tax cuts expire and spending cuts are set to go into effect at the end of the year.
Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year."
Noithing that everyoe else isn't doing from pension panlns to day trders. Its just what you do depednig on the political win Most only notice it but it been goig on with risk off for sometime.Why do you think the FED put qe3 i plce;hopig to force people ionto equities by makig otthe of less risk less attractive. But people stillare seekigsafety with this adminsitrations policies and aims.
I don't know what's going to happen. Every day I go to my mail box and it's stuffed with free crap from the wealthy. I'm tired of the constant parade of limousines driving through the neighborhood dropping off free stuff, it gets old after a while. Not to mention the stream of private jets flying overhead parachuting care packages down to the little people. What are we going to do without them, how will we survive? Woe is me.
I don't know what's going to happen. Every day I go to my mail box and it's stuffed with free crap from the wealthy. I'm tired of the constant parade of limousines driving through the neighborhood dropping off free stuff, it gets old after a while. Not to mention the stream of private jets flying overhead parachuting care packages down to the little people. What are we going to do without them, how will we survive? Woe is me.
You think it's the poor who own the grocery store down the block, the gas station, the department store, the bank, etc? Hope you've been practicing your hunter gatherer skills.
You think it's the poor who own the grocery store down the block, the gas station, the department store, the bank, etc? Hope you've been practicing your hunter gatherer skills.
I don't need to, I retired in 2008 at 55 and living quite well on my pension and 401k.
You think it's the poor who own the grocery store down the block, the gas station, the department store, the bank, etc? Hope you've been practicing your hunter gatherer skills
no need to worry the moochers can still get their free cell obama phones...
That cap gains tax going from 15% to 20% effects anyone who sells stock next year.
That includes you and me.
I have one stock that had huge gains since 2009. So I sat down and did the numbers.
It came to $6000 more under 20%.
And once those cuts expire, they are gone for good. Remember that.
So I did a wash. I sold and bought it back. Now my basis is the new higher price.
I'll take the cap gains hit this year. That's $6K less Uncle Sam gets
If you have stocks in non tax deferred accounts you might want to take a look at them.
FWIW this has happened before. And investors did the same thing. So, expect the government to report good tax revenue because many sold and took the hit but expect very anemic revenue the year after which will be under the new rules.
Forgot to add..the wealthy get an extra tacked on to cap gains so between the Obama cuts and Obamacare changes they are up near 25% cap gains tax.
Last edited by HappyTexan; 11-13-2012 at 06:37 PM..
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
