@no1marauder saidYou and KJay have at it, but how can you zero in on “those earning wealth by doing nothing”?
WTF are you talking about? The value of liquid assets is easily available as I already showed you.
You and the other right wingers aren't making any sense pretending that information that is public is some great mystery.
And my point exactly is that those earning wealth by "doing nothing" are favored by our tax system over those doing productive work.
If you find that to not be fair, or abominable, please respond to this…….
Many people, employees, have pension funds building up for their retirement. Their funds are earning maybe 7% a year. When compounded, big bucks. It earns money while they sleep.
Do you think the rules and regs should be so that they should NOT have their funds protected from taxation while it is earning dividends while they do nothing productive in growing it?
Hello? You will not answer.
@wildgrass saidYou responding to me??? I wrote about Biden’s pork project.
No.
We went over this, you can't barely compare. Bidens policies contributed less than half to debt compared to what Trump's spending was.
Republicans are fiscally irresponsible to think they can cut taxes and raise spending.
You will not respond of course.
@AverageJoe1 saidYou wrote about Bidens pork to distract from Trump's much larger pile of pork.
You responding to me??? I wrote about Biden’s pork project.
You will not respond of course.
@KellyJay
You pay off your mortgage and you then are just renting your property from the government and you will find out exactly how long you keep 'your' property if you don't pay the rent. Like protection money to the mafia.
Average Joe says that money goes to fire department, cops and ambulances and the like.
@sonhouse saidYes they can invent new ways of taxing people every day same property or income just call the tax a new name. Cow fart taxes!
@KellyJay
You pay off your mortgage and you then are just renting your property from the government and you will find out exactly how long you keep 'your' property if you don't pay the rent. Like protection money to the mafia.
Average Joe says that money goes to fire department, cops and ambulances and the like.
@no1marauder saidWould you please! Until something of value is sold you can not buy anything with it, I don’t care if you have a million dollars worth of stocks you can not walk into a hamburger joint and buy a happy meal simply by owning the stock you need to sell some.
I'll repeat this one more time and maybe you'll get it through your thick skull:
The value of any liquid asset like a stock is easily available public information you can find on the internet in seconds. An opinion from a third party is not necessary.
Tell me you understand now or I'll just give up trying to explain simple facts to someone who is so willfully and stubbornly ignorant.
-Removed-You must not have even bothered to look at the proposal I already linked to. It applies only to those with $100 million in assets and is a way to rectify the situation where many of the Uber wealthy wind up paying a lower tax rate. I have my doubts that proposal is really politically unpopular.
Pretty much every State has local real property taxes which are based on "unrealized" values. The shrieking here isn't because the idea is novel, but because it would be a step to a fairer tax system that would raise more revenue from the rich.
@AverageJoe1 saidAnd those with an IRA are required to withdraw it at 70 and a half and have the entire amount taxed as ordinary income whereas a capital asset can be held indefinitely without ever being subject to tax no matter how much it increases in value.
You and KJay have at it, but how can you zero in on “those earning wealth by doing nothing”?
If you find that to not be fair, or abominable, please respond to this…….
Many people, employees, have pension funds building up for their retirement. Their funds are earning maybe 7% a year. When compounded, big bucks. It earns money while they sleep.
Do you think ...[text shortened]... s earning dividends while they do nothing productive in growing it?
Hello? You will not answer.
@no1marauder saidWhatever, but it is so funny when you libs just throw a number out. Why $100M, Maruader? Why not $20M. No one needs more than $20M do they? We don't need a guy to have $100M to invest in his business to grow jobs, do we??
You must not have even bothered to look at the proposal I already linked to. It applies only to those with $100 million in assets and is a way to rectify the situation where many of the Uber wealthy wind up paying a lower tax rate. I have my doubts that proposal is really politically unpopular.
Pretty much every State has local real property taxes which are based on "u ...[text shortened]... , but because it would be a step to a fairer tax system that would raise more revenue from the rich.
Or why not $500M so he can do that.
ohhhhhh, Marauder..........