| Author |
Topic:
Obama proposes raising dividend income tax to ~45% if you make more than $200K
[Locked] |
__Bonk__
Posts: 5,122
Registered: 2009-7-25 03:04:52
|
Date Posted:
1/1/00 12:00am
Subject:
Obama proposes raising dividend income tax to ~45% if you make more than $200K
|
SKONK is blowing bubbles!
-----signature-----
I keep my eyes fixed on the sun!
A change in feeling is a change in destiny.
|
Yukishiro1
Posts: 3,243
Registered: 2002-9-20 23:52:57
|
Date Posted:
1/1/00 12:00am
Subject:
Obama proposes raising dividend income tax to ~45% if you make more than $200K
|
theredkay1 posted:
If you hold onto your shares and continue to get your dividend and dont make over $200k a year...this will not affect you at all.
I think Rakhir's dumb argument is that because it'll be taxed at a higher rate the company isn't going to issue you a dividend any more in the first place. So everyone would be better off if we didn't tax rich people so companies would pay them more dividends and as a side effect also pay more dividends to non-rich people.
Which is a dumb argument.
|
eodoll
Posts: 1,028
Registered: 2002-2-14 12:35:42
|
Date Posted:
1/1/00 12:00am
Subject:
Obama proposes raising dividend income tax to ~45% if you make more than $200K
|
|
If youre making 200k a year just from dividends? Then wow!! Youre f'ing rich. I mean filthy disgusting rich.
Youd need to have millions in straight cash sitting in various stocks to generate that kind of annual income.
|
Elkad
Title: aka Ebenezer
Posts: 407
Registered: 2003-9-11 22:20:55
|
Date Posted:
1/1/00 12:00am
Subject:
Obama proposes raising dividend income tax to ~45% if you make more than $200K
|
Yukishiro1 posted:
Elkad posted:
So you have to pay capital gains on money you've already been taxed on once.
No you arn't. You're taxed on the gain, not on the money itself.
You missed the point completely. Invest $1000. Make 10%, or $100. But if inflation was 6%, you really made less than $40 (as purchase power). But you still pay tax on the whole $100. If you fall in the 35% bracket, you cleared under $5.
-----signature-----
"I would rather be exposed to the inconveniences attending too much liberty, than those attending too small a degree of it." - Thomas Jefferson
|
GrilledCheez
Title: The Lord's Balls
Posts: 1,060
Registered: 2006-3-22 11:06:32
|
Date Posted:
1/1/00 12:00am
Subject:
Obama proposes raising dividend income tax to ~45% if you make more than $200K
|
This is a good move.
-----signature-----
Another word for expensive is successful.
|
Yukishiro1
Posts: 3,243
Registered: 2002-9-20 23:52:57
|
Date Posted:
1/1/00 12:00am
Subject:
Obama proposes raising dividend income tax to ~45% if you make more than $200K
|
Elkad posted:
Yukishiro1 posted:
Elkad posted:
So you have to pay capital gains on money you've already been taxed on once.
No you arn't. You're taxed on the gain, not on the money itself.
You missed the point completely. Invest $1000. Make 10%, or $100. But if inflation was 6%, you really made less than $40 (as purchase power). But you still pay tax on the whole $100. If you fall in the 35% bracket, you cleared under $5.
Uh that's what inflation is dude. And it's not a bad thing. Modest inflation is good for an economy. It discourages sitting on money and encourages people to make productive use of it.
|
__Bonk__
Posts: 5,122
Registered: 2009-7-25 03:04:52
|
Date Posted:
1/1/00 12:00am
Subject:
Obama proposes raising dividend income tax to ~45% if you make more than $200K
|
GrilledCheez posted:
This is a good move.
-----signature-----
I keep my eyes fixed on the sun!
A change in feeling is a change in destiny.
|
