GOP ACA Replacement Imminent....Predictions

[Fanatical Meat]

Back on topic, that's the group that wrote the ACA!

Beat me to it

 

[Maxima1]

Why, when your after tax income lets you do most anything you ever wanted? Is greed a moral imperative?

You can also make a **** ton of passive income. Like what Romney did when he was running. It would be cool making several million in a year doing nothing at all.

 

[Sea Ray]

Back on topic, that's the group that wrote the ACA!

No, Nancy Pelosi and Harry Reid wrote the ACA

 

[Sea Ray]

You can also make a **** ton of passive income. Like what Romney did when he was running. It would be cool making several million in a year doing nothing at all.

You have the same opportunity Romney does. Go for it

 

[ivwshane]

I tend to agree with this perspective:

http://www.heritage.org/taxes/report/tax-cuts-not-the-clinton-tax-hike-produced-the-1990s-boom

Regardless of whether 20 or 28% is the best number, a tax rate of 70% is insane.

Who is calling for a 70% tax rate? We call that a straw man in these parts.

 

[Sea Ray]

Who is calling for a 70% tax rate? We call that a straw man in these parts.

It wasn't my figure. Here's who said it first:

no, income.

Capital gains get re-introduced to the historically reasonable rate of 70%. LoL-like anyone does any real work on pure gambling when investing in stocks. are you serious?

 

[Maxima1]

It wasn't my figure. Here's who said it first:

It use to be upwards of 90%, but that's not effective tax rates.

 

[Sea Ray]

It use to be upwards of 90%, but that's not effective tax rates.

I'm not aware of a capital gains tax ever to be more than 28% in the history of our nation. Where in the world are you getting a 90% rate?

 

[Maxima1]

I'm not aware of a capital gains tax ever to be more than 28% in the history of our nation. Where in the world are you getting a 90% rate?

Oh, sorry. But income tax was.

 

[K1052]

No, Nancy Pelosi and Harry Reid wrote the ACA

While I probably wouldn't go so far as to say Heritage totally wrote the ACA they most definitely provided help and praise to Romney when he developed and implemented Romneycare. Many of those ideas actually go back to what some moderate Rs came up with during the Clinton administration. Those core ideas do, in large part, form the base of the ACA.

 

[Sea Ray]

While I probably wouldn't go so far as to say Heritage totally wrote the ACA they most definitely provided help and praise to Romney when he developed and implemented Romneycare. Many of those ideas actually go back to what some moderate Rs came up with during the Clinton administration. Those core ideas do, in large part, form the base of the ACA.

Romney said at just about every speech in 2012 that he would repeal OC. So he certainly didn't support it in the form that it was passed

 

[Maxima1]

Romney said at just about every speech in 2012 that he would repeal OC. So he certainly didn't support it in the form that it was passed

Duh he's going to say that! It's stupid for an R to support the "Obama" in the care. D's created it, so it's "crap" to many of their voters. Republicans aren't that oppose to the actual legislation. The main part they hate is the taxes.

 

[esquared]

I'm not aware of a capital gains tax ever to be more than 28% in the history of our nation. Where in the world are you getting a 90% rate?

http://federal-tax-rates.insidegov.com/

77% Under Wilson

Under Ford, it hit nearly 40%

 

[ivwshane]

It wasn't my figure. Here's who said it first:

I stand corrected.

 

[Sea Ray]

http://federal-tax-rates.insidegov.com/

77% Under Wilson

Under Ford, it hit nearly 40%

Those are earned income tax rates. The discussion is about capital gains. I'm really puzzled why all the confusion.

 

[Sea Ray]

Duh he's going to say that! It's stupid for an R to support the "Obama" in the care. D's created it, so it's "crap" to many of their voters. Republicans aren't that oppose to the actual legislation. The main part they hate is the taxes.

The main part they hate is all the gov't regulation.

 

[Engineer]

I'm not aware of a capital gains tax ever to be more than 28% in the history of our nation. Where in the world are you getting a 90% rate?

Seems to be 35%.

https://www.fool.com/retirement/2017/02/11/a-95-year-history-of-maximum-capital-gains-tax-rat.aspx

Now we know why Warren Buffet (and many other of the top) pays a lower RATE than his secretary.

 

[Jhhnn]

While I probably wouldn't go so far as to say Heritage totally wrote the ACA they most definitely provided help and praise to Romney when he developed and implemented Romneycare. Many of those ideas actually go back to what some moderate Rs came up with during the Clinton administration. Those core ideas do, in large part, form the base of the ACA.

Gawd. The Democratic state legislature stuffed it down his throat with veto proof majorities.

 

[brianmanahan]

Seems to be 35%.

https://www.fool.com/retirement/2017/02/11/a-95-year-history-of-maximum-capital-gains-tax-rat.aspx

Now we know why Warren Buffet (and many other of the top) pays a lower RATE than his secretary.

this is why i live like a miser and invest as much money as i can, so i can eventually make enough money to live off of just using dividends and cap gains, and take advantage of the lower tax rates

 

[IronWing]

Seems to be 35%.

https://www.fool.com/retirement/2017/02/11/a-95-year-history-of-maximum-capital-gains-tax-rat.aspx

Now we know why Warren Buffet (and many other of the top) pays a lower RATE than his secretary.

It's almost like there's a link between this graph and rising income inequality. Probably just a coincidence. I wonder what q-factor analysis among capital gains tax rates, inheritance tax rates, and income inequality would show?

 

[IronWing]

this is why i live like a miser and invest as much money as i can, so i can eventually make enough money to live off of just using dividends and cap gains, and take advantage of the lower tax rates

Just don't invest through an IRA or 401k plan or no capital gains rate for you.

 

[Engineer]

Just don't invest through an IRA or 401k plan or no capital gains rate for you.

Funny how that works, isn't it? Most people invest through their retirement plans and end up paying full rates. By design....

 

[Sea Ray]

Seems to be 35%.

https://www.fool.com/retirement/2017/02/11/a-95-year-history-of-maximum-capital-gains-tax-rat.aspx

Now we know why Warren Buffet (and many other of the top) pays a lower RATE than his secretary.

That makes sense. Looks like historically speaking it briefly was 35% but for the most part it hovered around 25%. This is no where near a 70% level. Such a level would be insane!

It's worth noting that the 1970s were horrible for the stock market. The Dow Jones hit 1000 in 1972 and fell from there for the rest of the decade. It didn't hit 1000 again until 1982.

 

[Jhhnn]

Seems to be 35%.

https://www.fool.com/retirement/2017/02/11/a-95-year-history-of-maximum-capital-gains-tax-rat.aspx

Now we know why Warren Buffet (and many other of the top) pays a lower RATE than his secretary.

It's almost like there's a link between this graph and rising income inequality. Probably just a coincidence. I wonder what q-factor analysis among capital gains tax rates, inheritance tax rates, and income inequality would show?

It would confirm the effects of decades of relentless right wing propaganda & top down class warfare.

You know- Freedumb.

 

[brianmanahan]

Just don't invest through an IRA or 401k plan or no capital gains rate for you.

yeah, aside from maxing my 401k, everything else is roth or taxable

i only expect to be in the %15 bracket when i need to withdraw the traditional 401k money, but then again, who knows what will happen with tax rates. they are a crapshoot.