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.
There's no reason why income you get from investments should be taxed at a lower rate than income you get from working hard. If anything it should be taxed at a higher rate. The deep and abiding contempt for actual hard earned wages should be the GOP's downfall. I'm sick of the Mitt Romneys of the world and their steadfast belief that any money they earn deserves a special wecial place in the tax code.
Spoken like someone who either has no investments or very little.
Spoken like someone who either has no investments or very little.
There goes another attack on the poor by a Republican. She probably does not own a yaht either. If she was only wealthy she could take advantage of all these fine tax advantages. It is her fault she decided not to become wealthy.
With the current interest rates, the only reason to have a bank account is so you don't pay a fee to cash your paycheck since most employers don't pay in cash, only checks or direct deposit. Other than that, you're better off keeping your money in cash in your home or buried in mason jars. I remember a time when you could cash a paycheck for free at grocery stores because they knew you were there to make purchases. Not anymore. CDs and other investment accounts are virtually worthless today compared to the distant past. Wonder how long before they make traditional IRAs and 401K too expensive to be worth the investment?
Yep and if and when a bank run occurs here in the US you won't be left wondering where all your dough is. Or if your bank goes belly up waiting around for FDIC to figure out if when they will decide to give you YOUR money back.
At least old Cold Cash Jefferson knew where to stash his loot. lol
There goes another attack on the poor by a Republican. She probably does not own a yaht either. If she was only wealthy she could take advantage of all these fine tax advantages. It is her fault she decided not to become wealthy.
My son is only 21, in school and works 30 hours a week.
He has a brokerage account and has 5 stocks in his growing portfolio.
And last year he did take advantage of tax laws called "loss carryover".
Education is KEY if you want to get ahead in the world. Too many people think Wall Street is only for millionaire and "yacht owners".
Troll post. The article clearly states: and from the actual Ernst & Young report:There is no mention of the Executive Branch of Gov't in the above quote.
So why is your thread entitled, "Is Obama Anti-Elderly"? He's not the decider in this issue.
And, if you had bothered to read your own link, you would have learned that it is not a "new" dividend tax law at all...
Please keep the FACTS out of this discussion. The Alarmists don't want that.
My kid turns sixteen in Nov. He started working and I showed him a website that listsdividend reinvestment plans and told him to do some research and find a stock and I'll match what he puts in every month. Of course he comes back with Foot Locker and Nike since he's a sports nut. Foot Locker requires a min investment of 20 bucks to get started. It really is that simple.
That plus thew tax when you sell your home of I believe 3% will hurt alot of middle class people plus seniors who move i retirement.Then; of course ;the increased numbers placed on medicaid when states assume their cost share in 2017.
BS. As far as the tax on selling the home, the tax is 3.8% for single filers selling their home and walking away with a profit of $250,000 and only on the portion of the profit above $250,000, and or married couples who sell their home with a profit of $500,000 and only on the portion of the profit above the $500,000. On top of that only those whose incomes from other sources exceed $250,000 will be impacted.
Obama is very much against anyone who has worked hard and prospered.
Obama is a Communist in the same mold as Hugo Chavez, his core philosophy is Marxist.
I agree with the above post!!!!!
Too bad the feckless Romney does not stand a chance. H***ein gets swept back into office easily......his glassy-eyed followers are hypnotized by Dear Leader.
BS. As far as the tax on selling the home, the tax is 3.8% for single filers selling their home and walking away with a profit of $250,000 and only on the portion of the profit above $250,000, and or married couples who sell their home with a profit of $500,000 and only on the portion of the profit above the $500,000. On top of that only those whose incomes from other sources exceed $250,000 will be impacted.
So, so, so tired of parrots repeating nonsense that they've picked up from RWNJ talking heads or blogs....
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.
