Tax Bill

Discussion in 'The War Room' started by sub_thug, Dec 6, 2017.

  1. phipps66

    phipps66 Purple Belt

    Joined:
    Dec 8, 2014
    Messages:
    2,251
    Likes Received:
    1,113
    Location:
    CT
    Fixed it to fit my situation. Blue stater who itemizes up in dis.
     
    jeffk likes this.
  2. sub_thug

    sub_thug Silver Belt

    Joined:
    Oct 31, 2008
    Messages:
    10,202
    Likes Received:
    10,281
    The challenge will be managing dividends
     
  3. Gandhi

    Gandhi War Room Deep State Platinum Member

    Joined:
    Oct 24, 2003
    Messages:
    17,402
    Likes Received:
    8,234
    Location:
    MTL in ORLANDO
    Agreed. And at least lenders could look at the leverage of the company and make a decision with eyes wide open as to the risk.

    Here we are saying lets leverage up when any sane economist would say a) its a bad time b) its not the right way

    Rather than build infrastructure during a recession we are redistributing wealth from the poor to the rich during a relative boom.

    Madness, I tell ya.
     
  4. Quipling

    Quipling Red Belt

    Joined:
    Jun 7, 2012
    Messages:
    8,399
    Likes Received:
    13,508
    Location:
    purgatory
    Out of curiosity, would it be better to buy shares before the tax plan hits or after?
     
  5. Gandhi

    Gandhi War Room Deep State Platinum Member

    Joined:
    Oct 24, 2003
    Messages:
    17,402
    Likes Received:
    8,234
    Location:
    MTL in ORLANDO
    That is always going to be a crap shoot.

    The question you have to ask is
    a) Do corp see it positive - yes
    b) has that already been factored into the market price - yes
    c) Do you think the plan has a higher chance of being passed than what the market has already factored in? - answer is who fucking knows

    If it passes in the current form or a more corporate friendly form then you will make an increase, sure. If not or in a worse form, you will lose.

    By how much? Hard to say.
     
  6. Quipling

    Quipling Red Belt

    Joined:
    Jun 7, 2012
    Messages:
    8,399
    Likes Received:
    13,508
    Location:
    purgatory
    I didn't mean in terms of hoping for a price rise. I meant in terms of tax-related issues.
     
  7. Gandhi

    Gandhi War Room Deep State Platinum Member

    Joined:
    Oct 24, 2003
    Messages:
    17,402
    Likes Received:
    8,234
    Location:
    MTL in ORLANDO
    Same thing

    oh wait you mean as an individual sorry lol

    layman's guess is no impact, if the tax rate on capital gains or estates etc comes down i dont think it matters when you bought
     
  8. kpt018

    kpt018 Gold Belt

    Joined:
    Dec 8, 2011
    Messages:
    20,196
    Likes Received:
    11,319
    Unless there were changes in conference there was no change to the capital gains rates and the estate tax threshold is expected to double.

    We'll see what survives conference.

    @Quipling
     
    Gandhi and Quipling like this.
  9. kpt018

    kpt018 Gold Belt

    Joined:
    Dec 8, 2011
    Messages:
    20,196
    Likes Received:
    11,319
    Also, if there was serious medicare reform and they repeal the ACA they should actually get rid of the investment tax on capital gains. They'll only benefit you if you have really large gains and I don't support it, but I can see that change happening if Ryan had his way.
     
  10. Dr. Shoemaker

    Dr. Shoemaker ****BOILERPLATE**** Platinum Member

    Joined:
    Jul 10, 2013
    Messages:
    10,094
    Likes Received:
    9,222
    Location:
    A Boat With Shannon Briggs, Right Behind You
    What are the other options? Are people only allowed to have opinions during election season?
     
    Quipling likes this.
  11. Bloodworth

    Bloodworth Double Yellow Card Double Yellow Card Yellow Card Banned

    Joined:
    Oct 26, 2006
    Messages:
    15,240
    Likes Received:
    5,697
    Location:
    Long Island
    Of course people can have opinions, but today people are too obsessed with politics, it's unhealthy.

    Support your president which ultimately makes the country stronger and United.

    If he fails give him his fair lashing , but people can't even wait a year?
     
  12. KONG-D'SNT-TAP

    KONG-D'SNT-TAP Titanium Belt

    Joined:
    Jan 8, 2007
    Messages:
    38,110
    Likes Received:
    31,743

    How is you tax rate being reduced?

    There was a thread not long ago where you were complaining about the ACA and that you refused to purchase it because you thought it was expensive for your family.

    @Revolver was in the thread discussing with you as well. You were complaing about a really cheap price for your families healthcare.

    So I don't know what to make of this post.
     
    Lubaolong likes this.
  13. Limbo Pete

    Limbo Pete Super Samoderator Belt Staff Member Senior Moderator

    Joined:
    Mar 9, 2013
    Messages:
    17,398
    Likes Received:
    30,383
    The hand scribbled add-ons were a big ol red flag there lol
     
    panamaican likes this.
  14. 7437

    7437 Gold Belt

    Joined:
    Jun 29, 2013
    Messages:
    18,627
    Likes Received:
    12,290
    Why? He is fucking up now, not in a year.
     
  15. Bloodworth

    Bloodworth Double Yellow Card Double Yellow Card Yellow Card Banned

    Joined:
    Oct 26, 2006
    Messages:
    15,240
    Likes Received:
    5,697
    Location:
    Long Island
    Economy, stock market and job creation is doing well....
     
  16. BlacknBlue

    BlacknBlue Blue Belt

    Joined:
    Jan 29, 2006
    Messages:
    651
    Likes Received:
    110
    So just so I am clear as I am following this thread:

    Is the bill bad for investors because it applies a pretty straightforward FIFO rule when selling their stock holdings? Or is the whole bill a handout for investors at the expense of the working class? Which narrative are we supposed to be applying here to go after the bill? Or is it one narrative for one audience and a different narrative for another?
     
  17. Seano

    Seano Hands of bone

    Joined:
    Nov 12, 2005
    Messages:
    98,392
    Likes Received:
    27,378
    Location:
    the sticks
    It goes from 15% to 12% I believe and much more of my income is non taxed. Child tax credit bump is a drop in the bucket but its another boost.

    I get insurance through my employer. My gripe was how much my coverage costs my employer. More than I would ever spend on health care without insurance, by a huge margin.
     
  18. aitkenmike

    aitkenmike Orange Belt

    Joined:
    Jun 8, 2010
    Messages:
    393
    Likes Received:
    624
    No one could possibly see this coming from a secretly drafted, rushed through bill! Why bother with select committees when you can just write unreadable shit in the margin and vote on it.

    https://www.wsj.com/articles/the-ta...ginal-rates-could-top-100-for-some-1512942118

    TL/DR - senate bill has a marginal tax rate of more than 100% at some levels of income in some states. i.e. Over a certain level of income, every $1 you earn costs you more than $1 in tax!
     
    Last edited: Dec 10, 2017
    7437 and Quipling like this.

Share This Page