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

To: E_K_S who wrote (33543)	4/26/2021 9:24:18 AM
From: Ditchdigger	Respond to of 34328

<I suspect they will come after the IRA/ROTH money soon too.> I wouldn't be surprised. I'm well under the income numbers being tossed around, but that doesn't make me feel safe :) I've actually been pondering the question if at some point(age) one isn't better off no longer contributing to an IRA, instead adding to taxable accounts. Granted it depends on ones individual situation. In my case, I'm in a very low income bracket. I've mentioned it before, if it wasn't for healthcare I'd be happy to take more gains and pay the taxes. Before Obama care I went ahead and reset the clock tax wise and paid the tax on a lot of my taxable gains up until that point. I'd like to do that again before retirement while I'm still self-employed. As I sit currently, combined portfolio is 42% taxable,39%roth,19%trad ira

To: E_K_S who wrote (33543)	4/26/2021 3:41:41 PM
From: Elroy	1 Recommendation Recommended By E_K_S Read Replies (2) \| Respond to of 34328

One of the new capital gain proposals would tax your unrealized Capital gains 'every' year. I have a much easier and more palatable tax on equities idea. Calculate how much revenue the government needs from publicly traded stocks, and then tax the market X percent per year in the form of newly issued stock. For example, maybe the US government wants 1% of the stock market value each year. Say there are 250 trading days per year. Each trading day each publicly traded company issues (1/250th of 1%) of it publicly outstanding shares to the government. The government sells the that day over the trading day. Voila, tax revenue. The government and the private sectors are completely aligned, we both want higher share prices. No capital gains taxes. Publicly traded companies pay taxes whether the share price is go8ng up or down, whether they are profitable or loss making. Who owns the shares and whether they trade or hold is unimportant to tax collections. It’s like property taxes, but on stocks. Much better than the corporate income tax which depends on accounting profits, and the capital gains tax which depends on the successful investor selling. I don’t get the logic that says a guy who sells a stock with a million dollar gain owes taxes, while the same investor who doesn't sell and instead holds owes zero. What’s so awful about selling a million dollar gain that you should be stuck with a tax bill, while a holder of the same investment should not!?