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.

Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Kip S who wrote (33261)	12/14/2020 7:15:54 AM
From: the traveler	Respond to of 34328

>>>I agree with Max that the post is political and inflammatory (my words, not Max's) and does not belong here. It is not my board to moderate, but that's my vote<<< My goodness aren't we sensitive. I agree that Bob's comment is political and may be inflammatory to some. However, I also agree 100% with his summation of the facts---in particular the latter part of his comment. Different strokes for different folks I guess.

To: Kip S who wrote (33261)	12/14/2020 11:49:11 AM
From: TigerPaw	Read Replies (1) \| Respond to of 34328

I do not endorse a doubling of the dividends/capital gains rate from 20% to 40% at a certain income level. While the tax rate is a step function, I believe it to be true that the first million is still taxed at the lower rate, and only money in excess of a million warrants the higher rate. As your income rises above a million the effective tax rate is a blend of the two rates and rises as a smooth function that approaches the top rate only after several million dollars in income. It is not as if you earn $1 and suddenly all your taxes double.

To: Kip S who wrote (33261)	12/14/2020 11:59:04 AM
From: maverick61	6 Recommendations Recommended By burlegoat E_K_S geoffrey Wren inspbudget Schnullie and 1 more member Read Replies (2) \| Respond to of 34328

There was nothing inaccurate about Bob's post with respect to tax policy. And tax policy should be important to any investor here. I don't believe for a minute that any change in taxes will impact only those making over $1 million. Most politicians lie to get elected. And yes, it is a fact that Biden has a documented history of doing so. And some people have floated a wealth tax as some people want to punish success and redistribute income. In addition, in order to pay for the things the democrats want to do, especially if they win the 2 senate seats in Georgia, they are going to need a lot of tax revenue to do so. So if one's personal retirement plan is based around dividends and capital gains and the lower tax rate on those items, one should be concerned and plan accordingly for when a change may come. As to why to be aware - did anyone really expect to see the change in distribution period on inherited IRAs coming? That was a huge change and tax hit to those impacted by it which is why being cognizant of and planning for future tax grabs is important Finally, I can see why the last comment Bob made may cause some people discomfort and could have been left unsaid. But let's be honest, he stated what half the country believes.