Who do you support for U.S. Senate in...

Since: Jan 10

Location hidden

#32712 Dec 5, 2013
Skippy Peanut Butter wrote:
<quoted text>
Hey, you're the idiot who tried to claim that lower capital gains tax rates helps everyone, whether rich or poor. Live with your stupid clueless statement.
Sad thing is that this poster doesn't understand how wrong they are.

Perhaps if they were to invest in a business...na, let's not dream...

Since: Jan 10

Location hidden

#32713 Dec 5, 2013
jeb stuart wrote:
<quoted text>Great posts +3- all three of them. I would tell you that you are wasting you time but I am aware of how good it feels to just bitchslap (literally) those idiots every once in awhile.
Ah, another clueless and uneducated "expert" opines again. Done your homework yet? Have a clue yet?

Since: Jan 10

Location hidden

#32714 Dec 5, 2013
Skippy Peanut Butter wrote:
<quoted text>
Hey, you're the idiot who tried to claim that lower capital gains tax rates helps everyone, whether rich or poor. Live with your stupid clueless statement.
I guess it's a matter of this poster not understanding how things work because they're not involved in such activities.

Apologies for the snarkiness, but the proof is in the pudding, if someone is involved in the game, they will learn the rules. The poster doesn't apparently have any investments, they don't need to learn how the "game is played"...

Since: Jan 10

Location hidden

#32715 Dec 5, 2013
Skippy Peanut Butter wrote:
<quoted text>
Hey as long as Bill in Dumbville gets his a$$$ kicked by you, I don't mind admitting I'm wrong. I used the "marginal" tax brackets provided by the IRS. I don't pretend to be an expert like some of the pontificating fools on here (to borrow your language).
I'm guessing this poster doesn't understand what getting their a$$$ kicked means, theirs has been kicked so many times, they're oblivious to it...

The dapper one has been embarrassed in the Atlanta forum as it relates to taxes so many times, it's a credit to his/her stubbornness that he/she continues addressing such items, with so little comprehension...

“Registered Conservative”

Since: Jul 11

Draketown, GA

#32716 Dec 5, 2013
jeb stuart wrote:
<quoted text>Great posts +3- all three of them. I would tell you that you are wasting you time but I am aware of how good it feels to just bitchslap (literally) those idiots every once in awhile.
Too bad you haven't experienced it, literally.

“Registered Conservative”

Since: Jul 11

Draketown, GA

#32717 Dec 5, 2013
Bill in Dville wrote:
<quoted text>
I guess it's a matter of this poster not understanding how things work because they're not involved in such activities.
Apologies for the snarkiness, but the proof is in the pudding, if someone is involved in the game, they will learn the rules. The poster doesn't apparently have any investments, they don't need to learn how the "game is played"...
Rewards, with no risk. It's the socialist dream.

Since: Jan 10

Location hidden

#32718 Dec 5, 2013
General Robert E Lee wrote:
<quoted text>
Rewards, with no risk. It's the socialist dream.
+1

Isn't that also known as "spread the wealth"?
there

Dahlonega, GA

#32719 Dec 5, 2013
DapperDave wrote:
<quoted text>
Actually you are both in error.
Excepting for those states with no state income tax, the real total tax rate would be in the 20% range.
How many times do I have to caution you about stupidly attempting to pass yourself off as some kind of income tax authority?
Poor thing...
"The whole truth is always vastly superior to a partial or distorted truth." – The Book of Dave, 4:2

I see this poster has sold no stock or bonds, or even possibly doesn’t even own any…….as you don’t seem to have a clue what percentages are used with capital gains, and in which circumstances…..

You do however "pontificate" upon subjects you exhibit little knowledge in….
And I do enjoy making azzes out of azzes……..

Skippy Peanut Butter

Blairsville, GA

#32720 Dec 5, 2013
Bill in Dville wrote:
<quoted text>
Well, it's not appropriate to discuss my clients, but I'd quite happily compare my investing activities with yours...
I have investments in stock. Investments are doing well. Not interested in what you do or "claim" to do.
Skippy Peanut Butter

Blairsville, GA

#32721 Dec 5, 2013
Bill in Dville wrote:
<quoted text>
Sad thing is that this poster doesn't understand how wrong they are.
Perhaps if they were to invest in a business...na, let's not dream...
I own my own business. It's doing well. About to retire. Try again.
Skippy Peanut Butter

Blairsville, GA

#32722 Dec 5, 2013
Bill in Dville wrote:
<quoted text>
I guess it's a matter of this poster not understanding how things work because they're not involved in such activities.
Apologies for the snarkiness, but the proof is in the pudding, if someone is involved in the game, they will learn the rules. The poster doesn't apparently have any investments, they don't need to learn how the "game is played"...
Already answered this nonsense. I have investments. They're doing well. I don't view it as a "game" the same way I don't see life as a "game."
Skippy Peanut Butter

Blairsville, GA

#32723 Dec 5, 2013
Bill in Dville wrote:
<quoted text>
I'm guessing this poster doesn't understand what getting their a$$$ kicked means, theirs has been kicked so many times, they're oblivious to it...
The dapper one has been embarrassed in the Atlanta forum as it relates to taxes so many times, it's a credit to his/her stubbornness that he/she continues addressing such items, with so little comprehension...
It's clear you got your a$$$ kicked because this conversation has really riled you up. It's OK, little Bill, just wipe the egg off your face.
there

Dahlonega, GA

#32724 Dec 5, 2013
Skippy Peanut Butter wrote:
<quoted text>
I see reading comprehension isn't your big thing... in the example I used the investor had only income from capital gains. Try, try again.


I see this poster also has sold no stock or bonds, or even possibly doesn’t even own any…….as you don’t seem to have a clue what percentages are used with capital gains, and in which circumstances…..

In your example of an investor who only had income from capital gains, he/she would be taxed using the tax tables, if the gain was under $100k......

capital gains are taxed as follows for year 2013……

0% applies to long-term gains and dividend income if a person is in the 10% and 15% tax brackets.
15% applies to long-term gains and dividend income if a person is in the 25%, 28%, 33%, or 35% tax brackets.
and 20% applies to long-term gains and dividend income if a person is in the 39.6% tax bracket.

there

Dahlonega, GA

#32725 Dec 5, 2013
And if I'm not mistaken those capital gain rates are flexible according to the amount of gain, i.e., could be 6%,13% or 17% or any other number, as the numbers in the prior post are the maximum amount of percentages taxed.....

there

Dahlonega, GA

#32726 Dec 5, 2013
jeb stuart wrote:
<quoted text>Great posts +3- all three of them. I would tell you that you are wasting you time but I am aware of how good it feels to just bitchslap (literally) those idiots every once in awhile.

yep, those dummies like yourself always get upset when proven to be real dummies and want to bitchslap someone,,,, go slap that ugly cat you got dummy..........

Since: Jan 10

Location hidden

#32727 Dec 5, 2013
Skippy Peanut Butter wrote:
<quoted text>
It's clear you got your a$$$ kicked because this conversation has really riled you up. It's OK, little Bill, just wipe the egg off your face.
LMAO, below is an example of getting your a$$ kicked, interesting that the poster chose to ignore it...

Skippy Peanut Butter wrote:
<quoted text>
The argument often used to defend the lower tax rate on capital gains is that the money has already been taxed. And while sales tax and income/capital gains tax may sound like apples and oranges I'm not sure it is.
Whether you've worked in a factory and take your money to buy a new truck or you get capital gains earnings and want to buy a yacht you're bettering yourself. Unfortunately, the one with capital gains earnings likely pays a lower tax rate.***
(*** It does depend on what tax bracket the factory worker is in, and assuming capital gains is the only source of income for the other. A single factory worker making $40,000 a year will be in the 25% tax bracket, while a millionaire who makes$2 million a year off stocks will pay about 20%)

Well, this poster gets an "A" for effort, but an "E" for content.

"The argument often used to defend the lower tax rate on capital gains is that the money has already been taxed."

What is posted is accurate, but only part of the argument (and much less of an impact than the rest of the arguments). 1/2 point granted.

"And while sales tax and income/capital gains tax may sound like apples and oranges I'm not sure it is."

It is, but I'm curious as to why this poster isn't sure. 0 points.

"Whether you've worked in a factory and take your money to buy a new truck or you get capital gains earnings and want to buy a yacht you're bettering yourself."

2 comments:
1. Oh, the factory worker isn't bettering him/herself by buying a new truck?
2. Another wealth envy comment.

0 points.

"A single factory worker making $40,000 a year will be in the 25% tax bracket, while a millionaire who makes$2 million a year off stocks will pay about 20%)"

Several comments:
1. Someone (an individual, not married, filing jointly) with $40K TAXABLE income (NOT EARNINGS, they probably make $48-$50K) has a tax liability of $6,036 for 2012, which is 15.09% of their TAXABLE income, NOT 25%.

2. Where does this poster get their info? Does the poster know the difference between making $40K a year and what that person's taxable income would be?

3. A "millionaire"? Another wealth envy comment.

4. If "millionaire's" ONLY income is $2 million a year, they won't be paying "about 20%".

0 points.

----------
Another fine example of the clueless and uneducated posting about stuff they don't know or understand very well.

You can't make this stuff up.

----------

Still a failing grade for Skippy 2. Still hasn't figured out the 25% number, either...

Since: Jan 10

Location hidden

#32728 Dec 5, 2013
Skippy Peanut Butter wrote:
<quoted text>
I own my own business. It's doing well. About to retire. Try again.
Hopefully this poster has someone that handles the finances and taxes for said business, it's obvious those items are way beyond poster's comprehension or skill level...
there

Dahlonega, GA

#32729 Dec 5, 2013
Skippy Peanut Butter wrote:
<quoted text>
Hey, you're the idiot who tried to claim that lower capital gains tax rates helps everyone, whether rich or poor. Live with your stupid clueless statement.

you just get dumber and dumber with every post.........

The poor and lower middle class would benefit, as their capital gain tax would be practically 0%.........if they spent their money on investments like the poor Chinese and other orientals who come to this country broke, and within one generation move up the ladder, and by the 3rd generation are among some of the wealthiest in the Nation.....

Most long term generational american citizens would rather the gubmint take care of them, courtesy of the libroid socialist who have groomed them into dependence........






there

Dahlonega, GA

#32730 Dec 5, 2013
Bill in Dville wrote:
<quoted text>
I'm guessing this poster doesn't understand what getting their a$$$ kicked means, theirs has been kicked so many times, they're oblivious to it...
The dapper one has been embarrassed in the Atlanta forum as it relates to taxes so many times, it's a credit to his/her stubbornness that he/she continues addressing such items, with so little comprehension...

the thing is, they think they know so much when they know so little........ sorta a take-off on Reagan's quote.......
Laughing at U

Blairsville, GA

#32731 Dec 5, 2013
Bill in Dville wrote:
<quoted text>
Hopefully this poster has someone that handles the finances and taxes for said business, it's obvious those items are way beyond poster's comprehension or skill level...
Damn Bill, chill out. You're going to have a heart attack (not that anyone would care.) Looks like a few others AND YOURSELF got an a$$$whipping. Stop crying about it move on. Anyways, it's time for your to do something useful like walk the dog or take out the trash.

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