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Jim Beam
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101 - 01-25-2012, 23:44
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Quote:
Originally Posted by Eggi View Post
bump because i want to make fun of jim beam some more for not understanding the basic concept of capital gains



what a dumb hick
Capital gains are not earned income.
 
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Eggi
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102 - 01-25-2012, 23:47
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that is correct.

Quote:
Originally Posted by Jim Beam View Post
How much would you like your investments taxed? Remember to consider that the money you will use to invest has already been taxed by whatever income category you are in.
do you understand why this is not accurate now?
 
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Jim Beam
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103 - 01-25-2012, 23:48
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Glad we are on the same page.
 
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FngrBANG
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104 - 01-25-2012, 23:49
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Originally Posted by Tigran View Post
Bush was a legacy Harvard grad, son of rich and powerful.
He also served in the military...


what does our present C'n'C have to say about that?
 
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Jim Beam
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105 - 01-25-2012, 23:52
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Quote:
Originally Posted by Eggi View Post
do you understand why this is not accurate now?
What about that statement is inaccurate?
 
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Eggi
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106 - 01-26-2012, 00:01
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Your principal never gets taxed, only your investment gains are taxed. So the tax rate on the money you use as your principal (whether that money was originally earned income, or money from another source) is irrelevant to the discussion.

What is relevant is the fact that the realized gains on your investment reflect money that has been taxed (corporate profits are taxed at the corporate rate), so in effect, the capital gains have been taxed twice. Likewise, when you go and buy something in a state that has a sales tax, you are being taxed twice. Once when your income was made, and then again when you buy something.

Capital gain - Wikipedia, the free encyclopedia
Capital gains tax - Wikipedia, the free encyclopedia
Taxing Capital Gains As Ordinary Income JONATHAN TURLEY

(I dont agree with that article, its just the google result that came up)
 
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Last edited by Eggi; 01-26-2012 at 00:05..
ayz
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107 - 01-26-2012, 00:06
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sorry eggi i know you're having fun with jim beam's idiocy but i'd also like to invite some new friends to the party

Quote:
Originally Posted by FngrBANG View Post
People are whining about Romney only paying 15% income tax...

but you do realize that no one is including the INSANE amount of capital gains taxes that he's paying from the massive amounts of investments he's sunk into? Of course you don't! Because they won't tell you this.

I really hate defending Romney, btw


Quote:
Originally Posted by Tigran View Post
right. If you cash out on those options you pay the higher rate. If you decide not to cash them, they go up, you pay 15%.
 
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Eggi
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108 - 01-26-2012, 00:20
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Boeing used to give out 100 shares of stock for completed a degree program (masters, etc), but they would really only give you 65 shares or whatever because they assessed the income tax before awarding the shares. Of course, they dont even offer stock rewards any more
 
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Last edited by Eggi; 01-26-2012 at 00:24..
Buk Naked
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109 - 01-26-2012, 01:47
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Quote:
Originally Posted by Eggi View Post
Your principal never gets taxed, only your investment gains are taxed.
Assuming you're a self made man, your principal gets taxed when you earn it.
 
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Dutch
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110 - 01-26-2012, 01:50
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republicans = crooks

get it yet
 
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Dutch
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111 - 01-26-2012, 01:52
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Quote:
Originally Posted by FngrBANG View Post
He also served in the military...


what does our present C'n'C have to say about that?
HOW ****ING STUPID ARE YOU REALLY

you are a ****ing male nurse

you are from texas, your eyes look in different directions
 
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Bughead
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112 - 01-26-2012, 19:44
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FW:FW:FW:FW:
 
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Eggi
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113 - 01-26-2012, 19:45
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Quote:
Originally Posted by Buk Naked View Post
Assuming you're a self made man, your principal gets taxed when you earn it.
way to come in super late to the conversation bucko. noones arguing that the principal was taxed at some point.
 
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Last edited by Eggi; 01-26-2012 at 19:47..
Jim Beam
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114 - 01-26-2012, 19:53
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Quote:
Originally Posted by Eggi View Post
way to come in super late to the conversation bucko. noones arguing that the principal was taxed at some point.
CORRECTION: Nobody intelligent is arguing that, except you:

Quote:
Originally Posted by Eggi
Your principal never gets taxed, only your investment gains are taxed.
 
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Eggi
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115 - 01-26-2012, 19:54
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way to quote one piece of that post
why dont you quote the rest of it you dumb hick
 
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Eggi
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116 - 01-26-2012, 19:55
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Quote:
Originally Posted by Jim Beam View Post
I No intelligent
lol i know right
 
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luvz2spooge
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117 - 01-26-2012, 19:57
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This is a boring thread... You're boring.
 
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Jim Beam
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118 - 01-26-2012, 19:57
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You can make up quotes to dismiss me, but you contradicted your entire point with two posts on the same page.
 
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Durak
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119 - 01-26-2012, 20:02
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i think it's hilarious that the lower class, less educated people (jim beam, fngr) support the republicans when the democrats are the ones who would best represent their interests

they truly are too stupid to know what's good for them
 
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Jim Beam
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120 - 01-26-2012, 20:06
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Quote:
Originally Posted by Durak View Post
i think it's hilarious that the lower class, less educated people (jim beam, fngr) support the republicans when the democrats are the ones who would best represent their interests

they truly are too stupid to know what's good for them
It must be shocking to realize that "lower class" and "less educated" people don't want the Democrats, Republicans, or any aspect of government to help them.
 
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