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Topic:
Obama proposes raising dividend income tax to ~45% if you make more than $200K [Locked] |
Sin_of_Onin  Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
Obama proposes raising dividend income tax to ~45% if you make more than $200K |
Abaddon_Ambrosius posted:
 please talk about dur dur dur!!!!
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"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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Abaddon_Ambrosius Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
Obama proposes raising dividend income tax to ~45% if you make more than $200K |
Sin_of_Onin posted:
Uh huh. We're listening. Do go on...
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In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
"Knowing means nothing." - Fat-badger
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theredkay1  Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:00am
Subject:
Obama proposes raising dividend income tax to ~45% if you make more than $200K |
Abaddon_Ambrosius posted:
we only pretend like the deficit is important when we are looking to cut spending on the poor
yes we know
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Rosaria  Title: They call me Mellow Yellow, quite rightly.
Posts: 477
Registered: 2003-8-22 10:07:30
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Date Posted:
1/1/00 12:00am
Subject:
Obama proposes raising dividend income tax to ~45% if you make more than $200K |
There are so many places to and instruments with which to guard your money this is meaningless.
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"Them Bollinger Bands on the DJIA are starting to look like columns of projectile vomit." ~ Red Pill
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Sin_of_Onin Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
Obama proposes raising dividend income tax to ~45% if you make more than $200K |
Abaddon_Ambrosius posted:
Uh huh. We're listening. Do go on...
If you want to talk about your stupid issue then start a thread. I would be happy to argue about it.
The idea that we can't have this discussion without it is just stupid even if I did believe in your stupid proposal.
-----signature-----
"Okay... I'm with you fellas" --Delmar
F is for Fake-believe
"We apologise for the inconvenience" --God
"What Jesus fails to appreciate is that it's the meek who are the problem"--Reg
Run, Forrest! Run!
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NuEM Posts: 1,007
Registered: 2004-3-2 09:08:11
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Date Posted:
1/1/00 12:00am
Subject:
Obama proposes raising dividend income tax to ~45% if you make more than $200K |
@Rosaria: And that's what needs to be changed! (Sorry)
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Abaddon_Ambrosius Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
Obama proposes raising dividend income tax to ~45% if you make more than $200K |
NuEM posted:
@Rosaria: And that's what needs to be changed! (Sorry)
It is, indeed, the issue. Dead on. And related to my point.
All this does is act as a corporate report telegraphing to rich people 'where not to store, invest or spend your money', asset-class-wise and geography-wise.
Until you start digging the country out of the hole it is in, it just loses more and more leverage to these clowns and the other sovereigns in the world.
Meanwhile, all this "ultra important" talk about corporate rates and the like goes on to placate the useful masses of idiots in the middle and lower class with some illusion of justice.
It's all a side show.
-----signature-----
In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
"Knowing means nothing." - Fat-badger
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Yukishiro1 Posts: 3,243
Registered: 2002-9-20 23:52:57
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Date Posted:
1/1/00 12:00am
Subject:
Obama proposes raising dividend income tax to ~45% if you make more than $200K |
Scarne posted:
If those poor retirees are pulling in over $200,000 per year, they will likely be able to handle the tax increase on their dividends. 
Think of the poor grandmas making only 200,000 a year who are going to be taxed into eating catfood!!11111
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theredkay1 Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:00am
Subject:
Obama proposes raising dividend income tax to ~45% if you make more than $200K |
Sansfear posted:
Keep in mind that dividends are paid to shareholders only after the corporation pays taxes on its profits. So assuming a maximum 35% corporate tax rate and a 44.8% dividend tax, the total tax on corporate earnings passed through as dividends would be 64.1%."
This 'total tax' calculation is misleading since both labor and capital owners pay for business taxes. I know we like to pretend that isnt true but there is no real way around it.
But lets just run with it.....the average rate from 1919-1950 was 70%. The average rate from 1951-2000 was 79%. So this 64.1% rate is historically low.
Sansfear posted:
"IRS data show that retirees and near-retirees who depend on dividend income would be hit especially hard. Almost three of four dividend payments go to those over the age of 55, and more than half go to those older than 65, according to IRS data.
But all American shareholders would lose. Higher dividend and capital gains taxes make stocks less valuable. A share of stock is worth the discounted present value of the future earnings stream after taxes. Stock prices would fall over time to adjust to the new after-tax rate of return. And if investors become convinced later this year that dividend and capital gains taxes are going way up on January 1, some investors are likely to sell shares ahead of paying these higher rates."
Worth thinking about the economic impact I suppose. The supremely low rates over the last decade did not produce the economic boom we were promised, so it seems likely a reversal of the rates would not bring the economic doom forecasted by the same people.
There would be a one time readjustment to a lower stock price. Some investors would lose, some investors would gain, some investors would see no real difference in long term gains. There is a distributional impact but no overall economic impact. I dont remember the outrage from the WSJ and the far right when the dividend tax cut of last decade provided a massive one time gain to existing stockholders...but its nice to see them admit that the point of the original tax cut was to provide this massive one time gain. Figuring out the distributional impact would take alot of legwork.
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Ptilk Title: Creepy old pirate
Posts: 2,359
Registered: 2002-2-13 14:52:58
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Date Posted:
1/1/00 12:00am
Subject:
Obama proposes raising dividend income tax to ~45% if you make more than $200K |
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Raising the tax rate on capital gains to the same as on any other income isn't useless or a side show.
It's common sense. Doing it only on the highest earners however is a cop out and stupid. It's income, pay your damn taxes and get over it.
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