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Old 11-13-2012, 01:50 PM
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Wall Street bracing for capital gains tax hikes

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Investors worried about paying higher capital gains taxes next year should brace for a wild ride over the next few months.

Starting Jan. 1, when Bush-era tax cuts are set to expire, tax rates on long-term capital gains will jump to 20% from their current 15%, and 23.8% for those in the top income bracket. Taxes on profits from stock dividends, currently at 15%, will surge to 39.6% overall and 43.4% for top earners.

The Bush tax cuts account for nearly half of the fiscal cliff, which includes $7 trillion worth of tax increases and spending cuts. Lawmakers have been unable to reach a consensus on how to keep the nation from going over the cliff. And time is running out.

Most wealth management and portfolio managers don't expect to see heavy selling in stocks, mostly because they expect investors will simply reallocate their assets rather than panic sell.

"My general advice to clients is not to let taxes interfere with long-term investment plans," said Jeff Blumenthal, a financial adviser at Wells Fargo Advisors in Oklahoma City. "Selling to avoid capital gains taxes might be appropriate for a trader, but it shouldn't dictate your decisions if you're not." Of his roughly 850 clients with $720 million in assets, Blumenthal said just a handful will be selling certain stocks to avoid tax increases.

While most funds and individuals typically rebalance portfolios near the end of the year, those moves could be more extreme in 2012 because of the additional repositioning as investors prepare for higher taxes on investments.
http://money.cnn.com/2012/11/13/inve...-taxes-stocks/


Finally! Taxes on profits from stock dividends, currently at 15%, will surge to 39.6% overall and 43.4% for top earners.
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Old 11-13-2012, 06:01 PM
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A little reminder...

[YT]8Y-u0UnKZ_U[/YT]
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Old 11-14-2012, 10:05 AM
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"Finally! Taxes on profits from stock dividends, currently at 15%, will surge to 39.6% overall and 43.4% for top earners".


Finally! ... - Natural, you are not implying an approval of such a draconian consequence - are you?


I should know but have never owned Treasuries, if they are taxed the same as dividends ?

can you imagine paying 39% - 43% in taxes on a 3% Treasure dividend ???


of course "all" investors would be extremely disappointed if taxes on dividends were increased from 15% - and would be counter productive for strengthening the economy - and will not happen as neither party will allow it.
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Old 11-14-2012, 10:22 AM
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Originally Posted by Breeze Wood View Post
"Finally! Taxes on profits from stock dividends, currently at 15%, will surge to 39.6% overall and 43.4% for top earners".


Finally! ... - Natural, you are not implying an approval of such a draconian consequence - are you?


I should know but have never owned Treasuries, if they are taxed the same as dividends ?

can you imagine paying 39% - 43% in taxes on a 3% Treasure dividend ???


of course "all" investors would be extremely disappointed if taxes on dividends were increased from 15% - and would be counter productive for strengthening the economy - and will not happen as neither party will allow it.
Look, 80,000 US corporations have their accounts in the Cayman Island or other fiscal paradises. I don't think it will be counter productive, they have to pay their fair share.

Remember between 2009 and 2010, 93% of the new incomes generated went to the top 1%, when for the bottom new incomes generated was 7%.

Honestly, more I am learning about what's going on and more I am going to take a stand in what I believe are injustice and greed.

Frankly, I have the impression that we are returning into the 19th century when the Aristocracy was in power.
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Old 11-14-2012, 10:50 AM
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I fully agree with the above in regards to Corporations ...


what they pay in Dividends is another matter - Dividends are the last of the line, after everything else is taken care of expense that directly goes to the ordinary citizenry investors trying to make a living ... mom and pop.

the dividends should not be taxed at all - they are already taxed as profit by the Corp. before being issued.
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Old 11-14-2012, 11:48 AM
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Originally Posted by Breeze Wood View Post
I fully agree with the above in regards to Corporations ...


what they pay in Dividends is another matter - Dividends are the last of the line, after everything else is taken care of expense that directly goes to the ordinary citizenry investors trying to make a living ... mom and pop.

the dividends should not be taxed at all - they are already taxed as profit by the Corp. before being issued.
I wasn't talking about dividends.

Top 10% earners:

The whole thing is unbalanced, CEO's make millions of dollars, most of them are paid around 500 times what a worker is making, on the top of that these CEO's own a package of shares valued at hundred's of million dollars, and I don't even count the bonuses in millions of dollars.

These very same CEO's tell their workers and employees that they should be thankful to get a job paid a $12 an hour, really?

Because of their greed, the governement is going after them to pay their fair share, and that's justice!
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Old 12-02-2012, 09:58 PM
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Guys, Keynesian economics does not work. Period.

Furthermore, capital gains SHOULD NOT be taxed like regular income.

1. These dollars have already been taxed (on the way in).
2. This money is being risked (it can be lost)

My final thoughts...keep pissing off the people who pay the bills and create the jobs in this country. That is a good way to create ZERO tax receipts.

 
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Old 12-03-2012, 08:33 AM
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Originally Posted by gregc View Post
Guys, Keynesian economics does not work. Period.

Furthermore, capital gains SHOULD NOT be taxed like regular income.

1. These dollars have already been taxed (on the way in).
2. This money is being risked (it can be lost)

My final thoughts...keep pissing off the people who pay the bills and create the jobs in this country. That is a good way to create ZERO tax receipts.

Come on, what a great rethoric! Under President Reagan in 1986 the tax rate was 50%.

Most corporate jobs are created overseas, so once again these people should be taxed, the imports that unbalance the trade sheet should be taxed, etc

Do you want me to keep going?

Let's talk about federal subsidies, bailouts, federal loans at 1%, and free trade zones where taxpayers are used to favor the wealthiest.
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Old 12-03-2012, 08:45 AM
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Fact check!

http://en.wikipedia.org/wiki/Tax_Reform_Act_of_1986

"The top tax rate was lowered from 50% to 28% while the bottom rate was raised from 11% to 15%."

Government doesn't create wealth...but it can destroy it.
 
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Old 12-03-2012, 08:52 AM
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Originally Posted by gregc View Post
Fact check!

http://en.wikipedia.org/wiki/Tax_Reform_Act_of_1986

"The top tax rate was lowered from 50% to 28% while the bottom rate was raised from 11% to 15%."

Government doesn't create wealth...but it can destroy it.
Fact check!

History of Federal Individual Income Bottom and Top Bracket Rates

http://ntu.org/tax-basics/history-of...ividual-1.html
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Old 12-03-2012, 09:03 AM
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Time for a flat tax - 12% and everyone pays it with no deductions for anything allowed. And why do we care if corporations pay a single dime in income taxes as long as they're hiring in the U.S.
 
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Old 12-03-2012, 09:19 AM
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Originally Posted by WP Guy View Post
Time for a flat tax - 12% and everyone pays it with no deductions for anything allowed. And why do we care if corporations pay a single dime in income taxes as long as they're hiring in the U.S.
You want to put 12% of flat tax on poor?

Corporations hiring in US should have tax deductions, not a free ride. corporations importing goods should be taxed to the equivalent that a US corporations pay in US.
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Old 12-03-2012, 09:42 AM
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Originally Posted by Natural Elements View Post
Corporations hiring in US should have tax deductions, not a free ride. corporations importing goods should be taxed to the equivalent that a US corporations pay in US.
Laissez Faire! A 12% Flat tax would get this economy booming! Let the Free Market decide...

The JOB CREATORS (not the government) will have more money in their pocket and they will hire, spend, create jobs, put an addition on their mansion and hire 12 contractors to do the job...then tax receipts will go up...jobs will be created...and so on and so forth.

This is supply side economics. It works. But people have been conditioned to hate wealth....
 
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Old 12-03-2012, 09:55 AM
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Originally Posted by gregc View Post
Laissez Faire! A 12% Flat tax would get this economy booming! Let the Free Market decide...
Laissez faire l'infaisable and l'impensable...A total free market economy do not work, see what's happened with the removal of the Glass Seagull Act?

Quote:
The JOB CREATORS (not the government) will have more money in their pocket and they will hire, spend, create jobs, put an addition on their mansion and hire 12 contractors to do the job...then tax receipts will go up...jobs will be created...and so on and so forth.

This is supply side economics. It works. But people have been conditioned to hate wealth....
The trickle down do not work people, I am for the trickle up that's the only way to fix the economy.
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Old 12-03-2012, 09:56 AM
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Originally Posted by Natural Elements View Post
You want to put 12% of flat tax on poor?

Corporations hiring in US should have tax deductions, not a free ride. corporations importing goods should be taxed to the equivalent that a US corporations pay in US.
I think we need to define "poor." I would not, obviously, expect anyone on assistance to pay taxes. Past that, if you have income and you're using local/federal resources then you pay.

Do "the poor" have to pay sales tax? Yes. Imagine if they didn't - the billions in lost tax revenue and the hole that would create.
 
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Old 12-03-2012, 10:01 AM
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Of course a total Laissez faire economy is impossible...the government has to play a role, but a minimal one.

We have to agree to disagree. "Trickle up" will never work and will destroy this country.

If you continue to take from creators (like yourself!) and give to the lazy, the job creators/tax payers will either 1) give up or 2) move to a more capitalistic friendly system.
 
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Old 12-03-2012, 10:06 AM
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Originally Posted by WP Guy View Post
I think we need to define "poor." I would not, obviously, expect anyone on assistance to pay taxes. Past that, if you have income and you're using local/federal resources then you pay.

Do "the poor" have to pay sales tax? Yes. Imagine if they didn't - the billions in lost tax revenue and the hole that would create.
You are making an amalgam between income tax and sales tax.

Listen from 1940 to 1986 the wealthiest paid 90% - 70% - 50% the country didn't fall, the corporations didn't fall, and job creations were pretty good at this time. The problem is more they make money and less they want to pay whatever taxes. They are willing to go in third countries to make even more and destroy national employment.

Are you willing to support free market that destroy national market?

Guys we may disagree but it is juste pure greed.
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Old 12-03-2012, 10:17 AM
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Originally Posted by gregc View Post
We have to agree to disagree.
Sure, disagrement is a great way to debate things. It would be annoying to agree with everyone on everything

Quote:
If you continue to take from creators (like yourself!) and give to the lazy, the job creators/tax payers will either 1) give up or 2) move to a more capitalistic friendly system.
You have to define lazy, because when jobs are sent overseas, then you have more people looking for a job than jobs available.

I am for a capitalistic model system, unfortunately, today this model is completly distorded. We are in a crony, corporate globalism capitalism model owned by an Aristocracy running like an Oligarchy than a true capitalist model.
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Old 12-03-2012, 11:33 AM
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Corporate profits hit record as wages get squeezed

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Just four years after the worst shock to the economy since the Great Depression, U.S. corporate profits are stronger than ever.

In the third quarter, corporate earnings were $1.75 trillion, up 18.6% from a year ago, according to last week'si gross domestic product report. That took after-tax profits to their greatest percentage of GDP in history.

But the record profits come at the same time that workers' wages have fallen to their lowest-ever share of GDP.

"That's how it works," said Robert Brusca, economist with FAO Research in New York, who said there is a natural tension between profits and the cost of labor. "If one gets bigger, the other gets smaller."
http://money.cnn.com/2012/12/03/news...orate-profits/

More it will be unbalanced and more people will take a contrary political stance that equalize the unbalanced wealth. IMO it is above politics, people are protecting themselves, perhaps it is not the best way but at least they will have something to help.
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Old 12-03-2012, 12:19 PM
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Originally Posted by Natural Elements View Post
You are making an amalgam between income tax and sales tax.

Listen from 1940 to 1986 the wealthiest paid 90% - 70% - 50% the country didn't fall, the corporations didn't fall, and job creations were pretty good at this time. The problem is more they make money and less they want to pay whatever taxes. They are willing to go in third countries to make even more and destroy national employment.

Are you willing to support free market that destroy national market?

Guys we may disagree but it is juste pure greed.
You are dead on correct but missing a few pieces of the puzzle:

Post WWII we experienced a huge manufacturing boom. Why? Because Europe and Japan were rebuilding. That means there was world-wide demand for our products with little real competition. There was also nowhere to go for "the rich." They had to build and invest here.

Fast forward to the late 70's and we now have vibrant global competition. Now we had to compete head to head with Japan and Europe. There was also a place to go - another place for "the rich" to invest.

Great improvements in basically...well...everything make it rather easy to go offshore where in 1950 it would have been all but impossible - definitely not economically viable.

So tax the rich 75% now and they're gone. In 1950 there was nowhere for them to go. Now there is.
 
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