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11-12-2009, 05:18 PM
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1/20/09 Destruction of US - Proceeding as planned
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Join Date: May 2007
Location: Chicagoland
20,627 posts, read 6,620,287 times
Reputation: 2656
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69% Increase in Capital Gains Taxes under Pelosi/obamacare
BREAKING: Comprehensive List of Taxes<br> In House Democrat Health Bill
Hot Air » Blog Archive » The 69% increase in capital-gains taxes
Quote:
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That surtax takes effect on January 1, 2011, or the day the Bush tax rates of 2001 and 2003 expire. Today’s capital gains tax rate of 15% would bounce back to 20% because of the Bush repeal and then to 25.4% with the surtax. That’s a 69% increase, overnight.
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Read on to see just how much revenues plummet when government starts fiddling with those CGT.
Really, do the democrats/liberals ever learn from the past? Why do they think such a tax vehicle would work now, when it never worked in the past? It's been tried, it failed, a sure sign the democrats will try it again.
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11-12-2009, 05:30 PM
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Formerly dcadca
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Join Date: Oct 2008
Location: Over There
3,203 posts, read 714,638 times
Reputation: 578
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Yes because we all know that only the "rich" invest in the stock market. Yeah another hit to the middle class.
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11-12-2009, 05:32 PM
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Senior Member
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Join Date: Jul 2008
Location: Idaho Falls
5,034 posts, read 1,566,507 times
Reputation: 1431
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The increase is a great idea. Our taxes are much too low, and our deficits prove it.
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11-12-2009, 05:34 PM
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WELCOME TO THE 2010's!!!!
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Join Date: Oct 2007
Location: LONE STAR STATE
2,143 posts, read 1,646,397 times
Reputation: 797
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Quote:
Originally Posted by idahogie
The increase is a great idea. Our taxes are much too low, and our deficits prove it.
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Well since you like being taxed, why don't you pay my share? Sound good? Then I can quit my job and go on welfare, since your gonna be paying for it, right? |
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11-12-2009, 05:37 PM
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E +5.75 / S +1.0
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Join Date: Aug 2008
3,961 posts, read 1,140,736 times
Reputation: 1093
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Quote:
Originally Posted by idahogie
The increase is a great idea. Our taxes are much too low, and our deficits prove it.
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People like you are why people like me dislike people like you. It probably never occurs to you to just spend less. |
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11-12-2009, 05:40 PM
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Competition breeds winners
Status:
"Suspended for pointing out a hypocrite!!"
(set 23 days ago)
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Join Date: Sep 2007
17,662 posts, read 6,494,390 times
Reputation: 1837
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Quote:
Originally Posted by idahogie
The increase is a great idea. Our taxes are much too low, and our deficits prove it.
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What tax bracke are you in? The one that pays 0%?  |
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11-12-2009, 05:41 PM
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Senior Member
Status:
"Just Another Day"
(set 14 days ago)
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Join Date: Aug 2009
977 posts, read 152,958 times
Reputation: 236
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Quote:
Originally Posted by idahogie
The increase is a great idea. Our taxes are much too low, and our deficits prove it.
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Man, there IS life out in space.....and then there is Idahogie.  |
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11-12-2009, 05:42 PM
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Senior Member
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Join Date: Mar 2009
3,979 posts, read 701,317 times
Reputation: 802
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Quote:
Originally Posted by sanrene
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Between this great idea, and I might add, a totally unexpected one, and letting the Bush tax cuts expire, they aught to really invigorate the economy. Because we all know, nothing grows the economy and creates private sector jobs like more money taken out of the private sector and put into the hands of politicians.  |
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11-12-2009, 05:43 PM
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Competition breeds winners
Status:
"Suspended for pointing out a hypocrite!!"
(set 23 days ago)
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Join Date: Sep 2007
17,662 posts, read 6,494,390 times
Reputation: 1837
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Quote:
Originally Posted by compJockey
Glad to have a president that keeps campaign promises.
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Ahh, the 15% capital gains tax rate from 2009 involve
married filing singles, or single individuals who earn as little as $8,351
Married couples who earn $16,701
and head of households who earn as little as $11,951
Capital gains tax in the United States - Wikipedia, the free encyclopedia
Is this what Obama promised? |
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