"I actually believe in redistribution"

Discussion in 'Free Speech Alley' started by LSUpride123, Sep 24, 2012.

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  1. LSUsupaFan

    LSUsupaFan Founding Member

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    Your ignorance of financial concepts isn't my problem. Capital gains taxes are text book (literally) examples of double taxation.
     
    LSUsupaFan, Sep 28, 2012
    #111
  2. red55

    red55 curmudgeon Staff Member

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    Then why can't you explain it? Capital gains are new income, right.

    I'm getting real tired of this act where you make grand pronouncements and when questioned, state that you are quite above response. If its a textbook example, then cite the textbook and show us. Maybe they can explain it because you sure as hell haven't.
     
    red55, Sep 28, 2012
    #112
  3. red55

    red55 curmudgeon Staff Member

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    Then why can't you explain it? Capital gains are new income and subject to taxes, nothing double about that.

    I'm getting tired of this act where you make a lofty claim and when called on it you decline to answer because you can't be bothered. If it's a textbook example, then cite the textbook and show us. Perhaps they can explain this because you certainly can't.
     
    red55, Sep 28, 2012
    #113
  4. LSUsupaFan

    LSUsupaFan Founding Member

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    I have explained it. The money used to purchase the capital asset was taxed. The gain on the purchase of the assesst is taxed again. That is double taxation.

    This is terrible for three reasons rises in equities have already been subject to taxes, and inflationary gains are not real gains and are taxed as though they are.

    Furthermore taxing capital income as ordinary income hurts investment. It lowers the spread between riskier investment and the risk free rate and closes investment to many individuals.

    Link

    Like I said... textbook example of double taxation. You not understanding what something means, and me pointing it out, after it has already been explained to you numerous times is not a deficiency on my part. I grow rather tired of you asking the same questions over and over again. Especially when you know the answers and refuse to acknowledge them because you don't like the answer. It is a dishonest debate tactic, and you complain ad nauseum when others use it. The only thing worse than being a hypocrite is being a whiney hypocrite.
     
    LSUsupaFan, Sep 28, 2012
    #114
  5. red55

    red55 curmudgeon Staff Member

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    For anyone who has ever filed a tax return with both earned income and capital gains, you know that your investment principal is not taxed twice. In reality, your earned income is taxed once at the income tax rate and any capital gains you earn on your investment principal is taxed at 15%.

    Look, if you are going to debate something you have get used to people disagreeing with you and asking you to back it up. If you pompously refuse to answer questions I will simply avoid you.
     
    red55, Sep 28, 2012
    #115
  6. LSUsupaFan

    LSUsupaFan Founding Member

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    Yes. You have described a double tax. Savings taxes have been considered double taxation since the 1790s.

    Look, if you are going to be a question begger and a bar raiser, you are going to have to get used to people being frustrated with your shenannigans.
     
    LSUsupaFan, Sep 28, 2012
    #116
  7. red55

    red55 curmudgeon Staff Member

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    You can't explain your own contention. We get it.
     
    red55, Sep 29, 2012
    #117
  8. martin

    martin Banned Forever

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    red, i think supa knows more and has a deeper understanding of economics than you, in the same sense that i have a better understanding of political theory and philosophy.

    i dont know what he is talking about half the time, but he clearly is right and our country would be better off if he managed our finances.
     
    martin, Sep 29, 2012
    #118
  9. gyver

    gyver Rely on yourself not on others.

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    gyver, Sep 30, 2012
    #119
  10. gyver

    gyver Rely on yourself not on others.

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    and if you took taxes out of that $100 you'd have $65 left, corporate tax %35. Now give the guy that loaned you the $100, the investor, his share of said profit but don't forget to take out his %15 capital gains tax, which barry wants to increase to %28.
     
    gyver, Sep 30, 2012
    #120
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