Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (652063)	4/20/2012 9:25:37 AM
From: Brumar89	6 Recommendations Read Replies (2) \| Respond to of 1579676

Cause only billionaires can get capital gains. The IRS has a special form called Schedule D but they only let billionaires have it. If you contact the IRS and ask for it, they ask for proof you're a billionaire before they send it.

To: J_F_Shepard who wrote (652063)	4/20/2012 10:00:43 AM
From: Taro	Read Replies (1) \| Respond to of 1579676

And here is the TD F 90-22.1 form to report your legal foreign (incl. Swiss) account holdings, which in your eyes automatically makes me a 'scrupulous slick tax cheater'... irs.gov Take a rest and go to school again, you under educated ignorant name caller. You know where the word 'school' comes from - and what it originally means? A hint: It's old Greek... /Taro

To: J_F_Shepard who wrote (652063)	4/20/2012 10:48:00 AM
From: i-node	Read Replies (2) \| Respond to of 1579676

>> 15% of AGI is very special treatment for billionaires.....dumbass..... There are two fundamental points that seem to confuse liberals on this -- a) The fact that cap gain income is taxed at lower rates than ordinary income -- something which has been true for almost 100 years -- because Congress has seen time and again that lower cap gain rates are good for the economy -- starting almost from the inception of our federal income tax; and b) That capital gains have never in history been taxed for social security or medicate tax purposes, nor should they -- the "contract" that was made with the American people was that these things would be paid for with a tax on a portion of earned income only. Changing either of these things would be an absolutely radical thing to do. For the brief period that favorable treatment was eliminated to capital gains, it was because the overall rate structure had been flattened -- which lasted only a few years before Congress foolishly began raising ordinary income rates again which led to the reinstatement of lower cap gain rates. Now, we have an incompetent fool in the WH who would love nothing better than to break the tax code by doing away with something that has been shown time and again to spur economic growth.

To: J_F_Shepard who wrote (652063)	4/20/2012 12:17:15 PM
From: Brumar89	Read Replies (1) \| Respond to of 1579676

Maldives, Malvinas, Let's Call the Whole Thing Off Mark Krikorian The president’s Maldives/Malvinas gaffe that Andy referred to the other day is interesting as more than a verbal stumble or even as evidence (which it is) of this administration’s reflexive desire to take the side of The Other (remember John Brennan referring to Jerusalem as “al Quds”). Obama’s mistake, along with things such as his reference to the “Austrian” language and his inability to speak a foreign language, suggests a profound parochialism and ignorance of the outside world. Yes, you could same the same about Bush and Slovakia/Slovenia and I’m not even sure such provincialism is even a bad thing — I want a president with a clear sense of America’s interests in the world, whether or not he thinks Indochina is part of China (as FDR did). Obama’s problem is that he thinks he’s a suave cosmopolitan, a citizen of the world, who’s garnered invaluable international experience living abroad as a child — and yet he doesn’t know Shiraz from shinola. And the citizen-of-the-world schtick isn’t just boob bait for the Upper West Side — *he actually believes* himself to be a global sophisticate**, and yet he knows no more about the outside world than a rube from the hollers of West Virginia. nationalreview.com

To: J_F_Shepard who wrote (652063)	4/20/2012 5:00:17 PM
From: Wayners	Read Replies (1) \| Respond to of 1579676

AGI is very far different than having a Billion in assets much of which are likely to be unrealized capital gains that have never been taxed. Somebody sitting on a Billon assets might actually have 0 income at all and pay no taxes. Depends on what the assets are and if they pay dividends or interest or rental income or other income. If I own a billion in land and don't generate any income from that land, my AGI is 0, so what does a 15% tax rate mean? Heck make it a 35% tax rate and I still pay zero in taxes.