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[VaultNetwork.net] Vault Network Boards » Archive » Outpost » Obama proposes raising dividend income tax to ~45% if you make more than $200K

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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.
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