Elections Kamala Harris for POTUS

[filthybliss]

I'm in the middle of a move and I haven't really watched anything. Does anyone have an update? Betting odds had Harris at like 60% to Trump's 38% and now they're neck and neck. Did something happen at the DNC

Not really, just the usual spiel. Rumors are popping around that RFK is thinking of retiring his campaign and vouching for Trump but it is not confirmed 100%.

 

[WhiteMousse]

Not really, just the usual spiel. Rumors are popping around that RFK is thinking of retiring his campaign and vouching for Trump but it is not confirmed 100%.

Is he the guy who needs a voice box?

 

[filthybliss]

Is he the guy who needs a voice box?

yeah, he's doing well for a third party guy though so it could certainly wrinkle the election

 

[Strychnine]

not good for Harris if this plays out

He's trying to play both sides.

 

[TankAbbott4Eva]

I'm in the middle of a move and I haven't really watched anything. Does anyone have an update? Betting odds had Harris at like 60% to Trump's 38% and now they're neck and neck. Did something happen at the DNC

I just checked the odds here and Trump is back ahead, yeah i didn't know what happened. Obama is speaking tonight I think, might give her a bump back up.

 

[Islam Imamate]

Thats an extreme impossibility though. Better to still report on his activities but without toxicity and emotionalism. That takes away all his power without introducing an absurdity into the solution.

My favorite Trump coverage was from NPR because they would use the most neutral and professional tone and would talk about him as if he's a normal president but the details of so many Trump stories were so outlandish to the point that they just seemed absurd talking about it in such a restrained manner.

 

[Rob Battisti]

It’s 0% up to 47k 15% up to 500k and 20% beyond that.

I’d change it to something like

0% up to 200k
10% up to 500k
20% up to 1 million
25% up to 5 million
30% beyond that

That would be less for lower earners and more for higher earners.

@terrapin this was my preferred breakdown. I’d be for higher rates up to 40%

 

[Rob Battisti]

Why is that absurd? We're going to argue that $1 million dollars in taxable income is middle class now?

We talked about this before ITT I just quoted my position before and you liked my breakdown.

Idk if that like was an agreement, but just pointing that out.

I’m middle class. I will likely have a over a million dollar trade coming up next year. I shouldn’t lose 460,000 on it.

 

[Deleted member 577981]

My favorite Trump coverage was from NPR because they would use the most neutral and professional tone and would talk about him as if he's a normal president but the details of so many Trump stories were so outlandish to the point that they just seemed absurd talking about it in such a restrained manner.

They sure did a better job with that and I think you're right man. It actually pointed out how crazy Trump was better than if they jumped around like chickens with their head cut off over it!!!

 

[Deleted member 577981]

Do you want to know what it is or why it’s bad?

Both sincerely.

 

[Rob Battisti]

Both sincerely.

I’ll PM you.

 

[Rob Battisti]

So would 20% tariffs

Hardly

 

[Islam Imamate]

We talked about this before ITT I just quoted my position before and you liked my breakdown.

Idk if that like was an agreement, but just pointing that out.

I’m middle class. I will likely have a over a million dollar trade coming up next year. I shouldn’t lose 460,000 on it.

First off it beggars belief that we're stretching the idea of middle class to include people making million dollar trades.

Second, aren't these marginal tax rates in the sense that the tax is applied to every dollar after the $1 million mark? That is to say that if you had a trade of $1.5 million you would be paying the 46% rate on the half million over the threshold no?

Hardly

You don't think 20% tariffs would be a disastrous policy? Would exacerbate inflation just as we got over it and for no good reason really.

 

[PEB]

 

[Rob Battisti]

First off it beggars belief that we're stretching the idea of middle class to include people making million dollar trades.

Second, aren't these marginal tax rates in the sense that the tax is applied to every dollar after the $1 million mark? That is to say that if you had a trade of $1.5 million you would be paying the 46% rate on the half million over the threshold no?

I’m middle class. I have made hundreds of thousands of unrealized gains this year. If the unrealized tax were to be implemented, I’d have to find a way to pay 50k+ in taxes when I’m already low on cash.

When it’s all said and done, these trades will likely be in the 700k-1m range.

I wrote out my brackets which you liked previously. Why the change?

I’m ALL FOR taxing at these rates — but they have to be for higher brackets. I would be fine going up to 50% even, but you can’t go 46% at these brackets. It’s effectively stopping anyone from breaking the cycle.

You don't think 20% tariffs would be a disastrous policy? Would exacerbate inflation just as we got over it and for no good reason really.

Personally, that wouldn’t be anywhere as monumentally detrimental to me and my family as a 46% capital gains tax and a 25% unrealized gains tax.

Unrealized gains taxes have barely been implemented around the world and when they have, they have been disastrous.

 

[Joe]

So would 20% tariffs

Why is that absurd? We're going to argue that $1 million dollars in taxable income is middle class now?

I would imagine these are marginal tax rates so I don't think a 46% capital gains tax rate on someone making $1 million would be that bad, not like its hitting the middle class.

Idk if you're referring to me with that part but I did advocate for trying to cut federal income taxes for those making less than $100k completely and making up the difference with capital gains taxes. Idk if those numbers check out though and one could argue against the idea by pointing out that collecting income tax is simpler and easier than capital gains and this the increase in cg taxes would have to more than make up for income tax cuts. Plus one could argue hiking capital gains rates too high would slow investment too the point of being counter-productive. My hope would be that with the income tax cuts we would get more investing from those Americans making less than $100k. I also think the federal government could help offset the income tax cut with a land tax.

Whats funny is we have canadians on here cheering on trump. They must really want to pay more for things

 

[Soggust]

I’m middle class. I have made hundreds of thousands of unrealized gains this year.

 

[San Marino]

Ask me again when you start your next account.

Oh, c'mon Andy Crapp. Butthurt? Afraid of losing face to your little friends?
Why don't you do what you do best: Stay off-topic, insult, and ridicule.
You seem to ruin every Sherdog thread you take part in.

 

[Rob Battisti]

What

 

[emefer]

Capitol gains should be taxed at the same rate as labor if not more