Wayne Huizenga wants to sell Dolphins

[Johnny Vegas]

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

[Bootlegged]

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

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"?

[Hydrae]

Originally Posted by Bootlegged

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"?

Because it does not go to the president and by definition those are "our" programs.

I understand what you mean but the wording in your post as well as the quote from Wayne irritates me.

[penguinz]

Originally Posted by Bootlegged

you will pay the new Obama tax of 29% ($1015).

The article says max of 20%. Which is it. If it is 29% where is your source?

[Bootlegged]

Originally Posted by penguinz

The article says max of 20%. Which is it. If it is 29% where is your source?

It's widely known that he wants to take the rate back to 29% (clinton era). Once he got the nomination he is trying to push this 20% rate - although all investment professionals know that he is going to push it to 29%. (see Wayne H. and every other person on Wall St.) Here is an article about it dated 9/19/07. Notice how this fits his election cycle and now the 20% number is being floated. 20% will never happen. He is going to 29% and beyond.



http://www.usnews.com/blogs/capital-...ent-taxes.html
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Article Index | Subscribe Home > Money & Business > Capital Commerce > Obama Pushes for Higher Investment Taxes
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Blog Entry Comments (55) Obama Pushes for Higher Investment Taxes
September 19, 2007 03:02 PM ET | James Pethokoukis | Permanent Link | Print
As part of his "Tax Fairness for the Middle Class" plan, Barack Obama is in favor of nearly doubling the capital-gains tax rate from 15 percent to 28 percent. Leaving the fairness issue aside for a moment—as well as the impact of higher taxes on economic growth—the Obama plan could also be called a "Ways in Which Government Can Collect More Taxes to Pay for New Spending" plan, since Democratic candidates are all scrambling to figure out ways to plausibly pay for new healthcare, education, and infrastructure spending if elected.

But Dan Clifton over at Strategas Research thinks the Dems may be disappointed by the ROT—return on taxes—from higher cap-gains rates. After reviewing the connections between changing cap-gains rates and government revenue during the past five decades, he concludes that higher cap gains could well be a revenue loser for Uncle Sam.

We examined the impact of capital-gains tax rates on investors realizing their gains. As the tax rate increases, investors hold their gains to avoid paying the higher tax. Conversely, lowering the capital-gains tax rate spurs realizations. Interestingly, the 1986 Tax Reform Act increased the capital-gains tax rate from 20 to 28 percent, but investors were given roughly three months before the tax increase was enacted into law. In turn, investors rushed to realize their gains before the higher tax rate kicked in, and capital-gains realizations remained depressed for nearly a decade thereafter with the higher tax rate in place.... Therefore, proposals to raise tax revenue from capital-gains tax increases will be scored as a net revenue gain to pay for new spending, but in reality, the tax revenue may not materialize, which will force tax increases elsewhere to pay for spending.

[Bootlegged]

excuse me. 28%

Listen to this shit. This is one scary mf'er. Take your money and then gov't revenues decline.

You think the market crashing 4 weeks before an election is a coincidence?

[shaneo69]

Originally Posted by Bootlegged

It's widely known that he wants to take the rate back to 29% (clinton era).

Gee that's funny...the Clinton era was the best period of prosperity in my lifetime (born: 1969). Dumb****.

[Johnny Vegas]

Originally Posted by shaneo69

Gee that's funny...the Clinton era was the best period of prosperity in my lifetime (born: 1969). Dumb****.

yep. I made majority of my money during that era, too. Even though I hated Clinton. lol

[Bootlegged]

Originally Posted by shaneo69

Gee that's funny...the Clinton era was the best period of prosperity in my lifetime (born: 1969). Dumb****.

Umm...Dumbasses are those that don't understand economic cycles and what the effects of gov't intervention are. Look back at the economy in 2000 - how much did you make then? Clinton handed Bush a "tech bubble recession". Or did you just happen to forget that like most liberal morons.

And - why do you think investments have gone south in the last year? The housing market has crashed and has killed all of the banks that made risky mortgages and the associated credit default swaps. You probably don't hear that or want to hear that, but that is what is happening. Not Bushies - although that is the easy route for the stupid to blame.

If you have the intellectual wherewithal - watch this and LISTEN. You will understand why the mortgage market is what it is and why your "Clinton years" did better. Thanks Barney, Nancy, Harry, and Osama.. If you watch this and conclude this was a Republican problem then you are nothing but a Democratic hack.

[shaneo69]

Originally Posted by Bootlegged

Umm...Dumbasses are those that don't understand economic cycles and what the effects of gov't intervention are. Look back at the economy in 2000 - how much did you make then? Clinton handed Bush a "tech bubble recession". Or did you just happen to forget that like most liberal morons.

And - why do you think investments have gone south in the last year? The housing market has crashed and has killed all of the banks that made risky mortgages and the associated credit default swaps. You probably don't hear that or want to hear that, but that is what is happening. Not Bushies - although that is the easy route for the stupid to blame.

If you have the intellectual wherewithal - watch this and LISTEN. You will understand why the mortgage market is what it is and why your "Clinton years" did better. Thanks Barney, Nancy, Harry, and Osama.. If you watch this and conclude this was a Republican problem then you are nothing but a Democratic hack.

You know what? I could ****ing care less who's to blame now or who was the catalyst behind the '90's prosperity. All I know is there was a Democrat as President then, and a Republican for the last 8 shitty years. Guess who I'm voting for this year?

[Johnny Vegas]

Originally Posted by Bootlegged

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"?

This is a completely new market. I have 6 figures in the market and I only get taxed if I sell. I bought Intel stock when it was 3.50 a share for 100 shares. I have 2,800+ shares of Intel now after so many splits. GE has also made me a butt load of money. I have around 3,100 shares after it split bought it around $4.80 for 100 shares. I'm sure you can do the math.

Here's how I look at it. If rent goes up you gotta make more money. Everyones rent will go up so everyone will create more volume to make more money to pay higher taxes. The only thing is the new recession is making capitalists save instead of spend now which brings everything down. Higher tax will save us now that we're in save mode.

[whatsmynameagain]

Originally Posted by Bootlegged

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"?

Warren Buffet

GAME OVER

[Bootlegged]

Originally Posted by whatsmynameagain

Warren Buffet

GAME OVER

[Fairplay]

bump for the first post made on this.

[Fairplay]

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