Forgot Password
Pentax Camera Forums Home
 

Reply
Show Printable Version Search this Thread
10-30-2011, 04:08 PM   #1
Inactive Account




Join Date: Apr 2010
Location: New Orleans
Photos: Gallery
Posts: 3,053
New tax idea for "Job Creators"

Seems like everyone has an idea for changing the income tax rates and they will probably need to do something next year if they don't want the current rates to expire, so Obama will probably come out with his own pretty soon too. Here is a suggestion to keep the rates the same for all but the highest bracket and address the "job creator" label used to protect high earners.

Replace the "Job Creator" rate of 35% with a rate of 31% + the unemployment rate. If the job creaters are doing their jobs they will be able to keep their 35% rate or close to it by keeping the unemployment rate around 4%.

Samething with dividends and capital gains... 11% + the unemployment rate.

10-30-2011, 04:27 PM   #2
Veteran Member
jeffkrol's Avatar

Join Date: Sep 2006
Location: Wisconsin USA
Photos: Gallery
Posts: 8,434
QuoteOriginally posted by mikemike Quote

Samething with dividends and capital gains... 11% + the unemployment rate.
stupid... Just drop Fica and SS....... Leave the rest or play as you will...... it doesn't matter.
Most real people have very little concern for the Cap. gains rate.........
The smoke and mirrors of it doing any job creating is lifting..............

Passive or active , income is income...........

Last edited by jeffkrol; 10-30-2011 at 07:13 PM.
10-31-2011, 09:21 AM   #3
Inactive Account




Join Date: Apr 2010
Location: New Orleans
Photos: Gallery
Posts: 3,053
Original Poster
The capital gains rate is an incentive for long term ownership of stock vs. short term trading. The dividends rate is supposed to be a nod to the argument that the money is subject to double taxation (if the corporation paying dividends actually pays taxes).

Unless the super congress comes up with something, Obama will be trotting out a new tax plan as part of his reelection platform as soon as he knows who his opponent will be.
10-31-2011, 09:33 AM   #4
Veteran Member
jeffkrol's Avatar

Join Date: Sep 2006
Location: Wisconsin USA
Photos: Gallery
Posts: 8,434
QuoteOriginally posted by mikemike Quote
The capital gains rate is an incentive for long term ownership of stock vs. short term trading. The dividends rate is supposed to be a nod to the argument that the money is subject to double taxation (if the corporation paying dividends actually pays taxes).

Unless the super congress comes up with something, Obama will be trotting out a new tax plan as part of his reelection platform as soon as he knows who his opponent will be.
At least you didn't pretend it creates "jobs"......
And it doesn't impact lower earners.........
QuoteQuote:
Zero percent rate if your total income (including capital gain income) places you in the ten or fifteen percent tax brackets.
15% rate if your total income (including capital gain income) places you in the twenty-five percent tax bracket or higher.
Capital gains should be taxed as INCOME.. because it is INCOME for someone other than the creator of that income. Of course if you believe in reality neither needs to be taxed........
BUT if you must tax............
Same w/ dividends basically..

With a hot short term play taxes are nothing anyone worries about. Cost of making money...

10-31-2011, 04:31 PM   #5
Veteran Member
GeneV's Avatar

Join Date: Oct 2008
Location: Albuquerque NM
Photos: Albums
Posts: 9,830
QuoteOriginally posted by mikemike Quote
The capital gains rate is an incentive for long term ownership of stock vs. short term trading. The dividends rate is supposed to be a nod to the argument that the money is subject to double taxation (if the corporation paying dividends actually pays taxes).
The one year holding period is a bit of a joke, though, and it is not discouraging short term trading.
10-31-2011, 05:57 PM   #6
Pentaxian
redrockcoulee's Avatar

Join Date: Nov 2009
Location: Medicine Hat
Posts: 2,306
Are capital losses deductible?
Reply

Bookmarks
  • Submit Thread to Facebook Facebook
  • Submit Thread to Twitter Twitter
  • Submit Thread to Digg Digg
Tags - Make this thread easier to find by adding keywords to it!
idea, rate, rates, tax, unemployment
Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
"Inside Job" documentary jeffkrol General Talk 6 10-05-2011 02:29 PM
Amateur photographer dies "on the job". normhead General Talk 2 07-09-2011 03:43 AM
Death tax "boogyman" jeffkrol General Talk 21 12-20-2010 06:40 AM
Estate tax "your picking on me" jeffkrol General Talk 12 09-13-2010 11:47 AM
Travel Perfect job for jer "sailor" charliezap Post Your Photos! 11 03-21-2010 08:08 AM



All times are GMT -7. The time now is 12:15 PM. | See also: NikonForums.com, CanonForums.com part of our network of photo forums!
  • Red (Default)
  • Green
  • Gray
  • Dark
  • Dark Yellow
  • Dark Blue
  • Old Red
  • Old Green
  • Old Gray
  • Dial-Up Style
Hello! It's great to see you back on the forum! Have you considered joining the community?
register
Creating a FREE ACCOUNT takes under a minute, removes ads, and lets you post! [Dismiss]
Top