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People forget that Donald Trump is a lifelong democrat. He is all about making terrible economic decisions.
*checks
Apparently not lifelong as he won the Republican ticket. But yeah you are right in that almost the entire GOP ignored that, thought he was the guy, and instantly ignored every bad, immoral, and stupid thing he did and said. Including his up until then Democrat voting and donating history
Please, Buffett avoiding taxes on dividends is the way to success, it couldn't be the increase in net worth of several thousand multiples. By the way even stock on Berkshire has to be cashed in at some point and they will be taxed, granted it will be at the capital gains rate but still taxed, dividends would be minor in any event.
LOL wow!
The people invested in BRK.A and BRK.B are able to CONTROL their income, and taxable income. So they let it sit in his company invested. Wow this is too much to explain for people who don't understand money and taxation.
I'll give it a shot. I max out my 401k, this reduces my taxable income each year. I also invest after taxes. Most people say they have X amount in their 401k and thinks they will be able to spend "all" that money when withdrawing. They ignore that when they withdraw they pay taxes so actually depending on when they withdraw the money, they could have ALOT less. It's about controlling how much and when.
I max pre-tax and invest post tax and this gives me control over withdrawing money and more control over taxable income.
I'll give it a shot. I max out my 401k, this reduces my taxable income each year. I also invest after taxes. Most people say they have X amount in their 401k and thinks they will be able to spend "all" that money when withdrawing. They ignore that when they withdraw they pay taxes so actually depending on when they withdraw the money, they could have ALOT less. It's about controlling how much and when.
I max pre-tax and invest post tax and this gives me control over withdrawing money and more control over taxable income.
LOL! So you think you are the only person who's ever done this? Wow! I wish I were as smart as you.
Also, I don't know anyone with an IQ over 100 who doesn't realize he'll have to pay income tax on IRA withdrawals.
LOL! So you think you are the only person who's ever done this? Wow! I wish I were as smart as you.
Also, I don't know anyone with an IQ over 100 who doesn't realize he'll have to pay income tax on IRA withdrawals.
LOL, I read a post here on cd where someone bragged that they have x amount, they actually forgot they'll have to pay taxes on it. Another forum member had to tell them.
You and I might understand it but many people have convenient thinking and that's why they end up poor in their elderly years. But ok, right now, you're more interested in attacking me than discussing things. Hey, I'll bet you someone has learned something but nah, you don't want that.
By the way, I have an uncle, I swear the man has an IQ of ... oh pick some arbitrary number... but he is a multi-millionaire, so IQ has nothing to do with it. It's willingness to learn, and not let anyone sell you lies.
No, he doesn't. But he realizes that when you take over a failing business, that is often the best option provided by Congress to get a fresh start. It is a legal tool, and Congress established it. If you don't like it, blame them.
Even Obama used bankruptcy to "save" businesses, screwing GM stockholders (the owners, who should have been paid first) and favoring the Unions. Then he invested in other failing businesses (Solyndra) and others who went bankrupt later, again screwing the taxpayers.
But the Left don't want to talk about that.
You keep saying that. Which failing business did he take over that went bankrupt? I remember him filing on the casinos.
Location: Sitting on a bar stool. Guinness in hand.
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Quote:
Originally Posted by Boss
Watched as a CEO of a company called Water, tried to answer a question on what his company would do with increased income from tax cuts.
The answer was: return profit from over seas and distribute to share holders.
Not invest in business, not expand in US, not create jobs. Distribute to share holders.
That's why a progressive tax system is better for job creation and business expansion. Charge a higher rate and allow credits to create jobs and write offs for growth expenses.
Quote:
Originally Posted by JIMANDTHOM
Well I should hope so. We are not quite in the top 10% wealth bracket and our pensions and SS will only be about 67K a year and that's only higher than the average household income in Michigan and we need more income as we feel like paupers in our retirement.
GIVE US HIGHER DIVIDENDS!
And here is the crux of the matter.
Will these companies actually reinvest? Or will they just payout the dividends to share holders and/or use the new tax windfall to look more profitable and in turn cause the markets pump up their stock prices?
Most European nations have a very low corporate tax rate. Apple parks 2/3 of its revenue in Ireland to escape US taxes. Its not a bad idea. Corps will game the system and do what they can. Obama did not create a business friendly environment, many companies are freeing up capital now that Obama is gone. The flip side is in Europe they tax the individual. Im not sure you can keep corporate tax at 15% and individual under 30%. Europe is between 40%-60% on the individual....that won't fly here.
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