Elections Kamala Harris for POTUS

[Rob Battisti]

my list would increase faster but I agree that 46% is a pretty rough. I likes somebody's suggestion in a thread recently that we could effectively not tax the middle class if we set proper capital gains taxes. ( I have NO IDEA if it could really be done though).

I have no problem taking more from people who already have more than they will ever need and I think its not healthy for people to gain so much wealth that they have power over society. not to mention that as a sincere christian who really believes and understands what Jesus was saying--- wealth is VERY dangerous for a person's soul.

46% may be fine but not for that low of an income

 

[Deleted member 577981]

46% may be fine but not for that low of an income

I agree with that man.

 

[Deleted member 577981]

Ask me again when you start your next account.

that guy is VAPID.

 

[Rod1]

As a part of your income for the year

So you get taxes 20% on capital gains and income tax on the 80% rest?

 

[syct23]

Oof. Absolute mic drop moment for Trump.

Just goes to show,

If the old man would just stick to the facts. He might have had a winning campaign…

 

[Andy Capp]

that guy is VAPID.

Jesus did not say "be careful about wealth" he said do not seek it. once you have more than you need the starvation of human beings and many other forms of suffering become your fault.

personally I would NEVER want that kind of money unless I saw it as a calling to constantly find worthy recipients of it.

It is written, the love of money is the root of all evil.

I have never been one to pursue money for its own sake. So we're entirely agreed there. However, if a bag of money fell into my lap I'd accept it gratefully and enjoy the additional comfort and security it would bring to my day to day life.

It's ok to have lots of money. It's greed and envy that are the problem.

 

[mommas homeboy]

The best part about a Kameltoe win would be when the reality of her policy positions set in. So many people just don't want to hear what so many sensible voices have been saying about her leftwing extremism. She literally refuses to answer any questions or do any interviews at all. If people aren't wondering, "Wait, wtf is she hiding? It really is not a good sign that she won't explain anything she believes," it's astonishing.

If she gets elected, the people at the bottom, the poorest ones in society, will suffer the most under her disastrous governance. When and if she does get elected, that will be the best part. Watching the very people who voted her in get their lives destroyed. She'll actually be worse than Biden. That's how bad she is.

 

[Deleted member 577981]

46% may be fine but not for that low of an income

It is written, the love of money is the root of all evil.

I have never been one to pursue money for its own sake. So we're entirely agreed there. However, if a bag of money fell into my lap I'd accept it gratefully and enjoy the additional comfort and security it would bring to my day to day life.

It's ok to have lots of money. It's greed and envy that are the problem.

I actually meant to post that to a different poster man and I've already edited it out!!!

I agree with that. Up to a certain point, but the problem comes when you have more than you will ever need and then you become aware that somebody is starving to death or somebody is dying because of a lack of medical care and when that happens and you have more than you will ever need, it is now your fault.

There is no doubt that seeking after wealth with a lot of one's time and energy is the great danger of wealth because then you can't focus on growing in love but the other danger I just mentioned is also a big part of it.

But it's also true that many of us have more money than we will really ever need. And there's people starving in other countries. So I wouldn't want to get too judgy on a rich person necessarily, but just quoting Jesus here.

 

[Rob Battisti]

I actually meant to post that to a different poster man and I've already edited it out!!!

I agree with that. Up to a certain point, but the problem comes when you have more than you will ever need and then you become aware that somebody is starving to death or somebody is dying because of a lack of medical care and when that happens and you have more than you will ever need, it is now your fault.

There is no doubt that seeking after wealth with a lot of one's time and energy is the great danger of wealth because then you can't focus on growing in love but the other danger I just mentioned is also a big part of it.

But it's also true that many of us have more money than we will really ever need. And there's people starving in other countries. So I wouldn't want to get too judgy on a rich person necessarily, but just quoting Jesus here.

The truth is that the government rapes its citizens with debasement and the only way out from under its thumb is to earn enough money to not be impacted by shit policies like these.

 

[Deleted member 577981]

The truth is that the government rapes its citizens with debasement and the only way out from under its thumb is to earn enough money to not be impacted by shit policies like these.

That was happening during the time whenJesus was preaching his message about wealth being devastatingly dangerous to a Christian soul too...

 

[Rob Battisti]

That was happening during the time whenJesus was preaching his message about wealth being devastatingly dangerous to a Christian soul too...

I don’t think Jesus wants me to be oppressed.

I’m seeking financial freedom for my family. Not jewels

 

[Deleted member 577981]

I don’t think Jesus wants me to be oppressed.

I’m seeking financial freedom for my family. Not jewels

I'm not judging you. I think you are Christian. It's important to actually understand His teachings because they are true. It's not about loopholes. It's about the facts of what he's saying and why and there are deep reasons for it.

I absolutely do not want to argue about Christianity with you on this forum man!!!!

 

[Rob Battisti]

Increasing corporate taxes and increasing capital gains tax and implementing taxes on UNREALIZED GAINS!?

What could go wrong.

Norway(@brothir) tried implementing this expecting to gain 150million in tax revenue. What happened? 54 billion in wealth fled the country causing a 600 million tax hit.

 

[Rob Battisti]

Taxing unrealized gains is the worse economic policy I can even think of

 

[Deleted member 577981]

Taxing unrealized gains is the worse economic policy I can even think of

I don't know what that means. You should break it down for us. Low IQ people.

This is not sarcasm or a trap. It's just true.

 

[Rob Battisti]

I don't know what that means. You should break it down for us. Low IQ people.

This is not sarcasm or a trap. It's just true.

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

 

[Islam Imamate]

I wasn’t ever planning on it.

If this passes, it dramatically impacts me and my families ability to succeed.

So would 20% tariffs

It’s tiered but the 46% starts at a million dollars which is absurd

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

my list would increase faster but I agree that 46% is a pretty rough. I likes somebody's suggestion in a thread recently that we could effectively not tax the middle class if we set proper capital gains taxes. ( I have NO IDEA if it could really be done though).

I have no problem taking more from people who already have more than they will ever need and I think its not healthy for people to gain so much wealth that they have power over society. not to mention that as a sincere christian who really believes and understands what Jesus was saying--- wealth is VERY dangerous for a person's soul.

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.

 

[WhiteMousse]

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

 

[Joe]

Racist and threatening a woman. No wonder they let him introduce trump at the rnc

 

[Islam Imamate]

I don't know what that means. You should break it down for us. Low IQ people.

This is not sarcasm or a trap. It's just true.

When we apply taxes to capital gains these are usually "realized" gains. An example would be the profit you make from selling your house after its appreciated, you only pay the tax once you sell it or "realize" the gains. In this example a tax on "unrealized" capital gains would be a tax on the appreciation of the value of your house before you sell it. There's lots of problems with it starting with the fact that unrealized gains are more nebulous and based on speculation. In this example you don't really know what the value of your house is until you sell it. It might be appraised at $500k but it could be that when you actually get down to putting it on the market you're unable to sell it for that much and have to lower the price or you're able to ask for more due to high demand so you might be under or overtaxed if you're taxed based on the appraisal value. It also just discourages investment because its an onerous tax by its very nature. Leads people to pull their wealth out of the country; if I have a historic painting that is appreciating in value and in the US I am taxed on its unrealized gains while in most of the world I am not why wouldn't I pull my wealth from the country?

I think Harris is wrong to give into the populist wing of the party with some of these bad policies like the anti-price gouging stuff, subsidies for first time homebuyers, and now this. She should be leaning into a more moderate direction especially on the economy given Biden's record. Announcing the return of the expanded child tax credit is big, honestly if she can get that done it would be so significant that she could announce almost just that and I'd be excited to vote for her even though its a repeat of Biden's policy. But now it feels more like she's throwing stuff against the wall to see what sticks and I question her team if policies like these are making it to the final policy proposals and not being weeded out much earlier.