Quote:
Originally Posted by badmajama
capital gains tax is meaningless and it shouldn't sway voters just because of that. Here's a trivial question...
every time there was a recession what party was president? It seems like Republicans hurt the economy the worst. Don't get me wrong about the cap tax because I'm all for lower taxes because hey paying less sounds better. I think that if the taxes go up so will capital and it will balance out in the end. I just don't think Republicans will solve the economy with the same old tactics anymore. The Dems have a better understanding of it. Still a long ways to go. OH BTW I'm a registered Republican. lol
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Jesus - how f'n stupid are you?
Have you ever bought a stock? I guess not..
Let me give you an example you may understand - but probably won't.
You buy 100 shares of "WMT" Wal-Mart at $45/share. You sell the stock 3 years later when its at $80/share. You've made $3500 because you A.) did your homework on a good company and invested in it B.) took a risk with your hard earned money C.) Considered the market timing and thought it was a good investment.
So you made $3500. Then tax time comes. Instead of paying your current 15% share of capital gains tax ($525), you will pay the new Obama tax of 29% ($1015).
Why? Because you took your hard earned money - risked it - and are a capitalist. Obama would like you to pay twice that amount.
So when Wayne says he needs to sell - extrapolate that out to his 100's of millions for the Dolphins. Why would he want to give that to Obama to spend on his "programs"?