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koods
Ribbit



Registered: 05/26/11
Posts: 106,061
Loc: Maryland/DC Burbs
Last seen: 25 minutes, 19 seconds
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Re: Devalue wealthy Americnas currency [Re: Webster10]
#22435991 - 10/26/15 01:07 PM (8 years, 3 months ago) |
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Quote:
Webster10 said:
Quote:
koods said:
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Webster10 said:
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koods said: Webster, we aren't talking about corporate taxes.
We're talking about taxes in general, so Koods, we are talking about corporate tax rates. The rich are only staying in America because despite the stupidly high corporate tax rates, they can still cheat the tax system by channeling their profits through other avenues than ones that qualify as "earned income" and retain most of their profits. Take away that cheat and they will finally head for the lower corporate tax rates in other countries.
I'm not talking about corporate taxes. I doubt Patlal is either. We are talking about people. Not entities.
And I'm talking about both, because both are related. At least you admit earned income taxes are too high. The tax bracket is just utterly dumb. The people that Obama tries to tax the heaviest don't even have that substantial of an earned income, they divert their money into other channels that are taxed at lower rates than what the average joe's income tax rate is. Obama's tax code is a failure. Vote Trump, he doesn't want to tax the poor whatsoever! Say goodbye to Obama's regime of poor-people-hatred and rich-people-loving. Say hello to a fair tax code.
Trump sucks at business. He would have more money if he had invested his money in an index mutual fund.
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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Asante
Mage


Registered: 02/06/02
Posts: 86,797
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Re: Devalue wealthy Americnas currency [Re: koods]
#22435994 - 10/26/15 01:08 PM (8 years, 3 months ago) |
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THe guy IS an index.
-------------------- Omnicyclion.org higher knowledge starts here
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Ellis Dee
Archangel



Registered: 06/29/01
Posts: 13,104
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Re: Devalue wealthy Americnas currency [Re: koods]
#22435999 - 10/26/15 01:10 PM (8 years, 3 months ago) |
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Quote:
koods said: Trump sucks at business. He would have more money if he had invested his money in an index mutual fund.
He started with millions. Now he has billions. If he had purchased an index fund he'd still have millions and also no cash flow. You may not like the guy but he's a legit tycoon. He's had his ups and downs but he's done pretty well.
-------------------- "If the foundations be destroyed, what can the righteous do."-King Solomon And there was war in heaven: Michael and his angels fought against the dragon; and the dragon fought and his angels,
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Webster10
Up like Trump


Registered: 12/03/13
Posts: 9,966
Loc: Strawberry Fields
Last seen: 6 years, 3 months
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Re: Devalue wealthy Americnas currency [Re: koods] 1
#22436005 - 10/26/15 01:11 PM (8 years, 3 months ago) |
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Quote:
koods said:
Quote:
Webster10 said:
Quote:
koods said:
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Webster10 said: We're talking about taxes in general, so Koods, we are talking about corporate tax rates. The rich are only staying in America because despite the stupidly high corporate tax rates, they can still cheat the tax system by channeling their profits through other avenues than ones that qualify as "earned income" and retain most of their profits. Take away that cheat and they will finally head for the lower corporate tax rates in other countries.
I'm not talking about corporate taxes. I doubt Patlal is either. We are talking about people. Not entities.
And I'm talking about both, because both are related. At least you admit earned income taxes are too high. The tax bracket is just utterly dumb. The people that Obama tries to tax the heaviest don't even have that substantial of an earned income, they divert their money into other channels that are taxed at lower rates than what the average joe's income tax rate is. Obama's tax code is a failure. Vote Trump, he doesn't want to tax the poor whatsoever! Say goodbye to Obama's regime of poor-people-hatred and rich-people-loving. Say hello to a fair tax code.
Trump sucks at business. He would have more money if he had invested his money in an index mutual fund.
As would just about any American who invested in anything else. How is someone supposed to predict what the stock market will be like in 30 years? Where are your billions? How much do you suck?
A: they are nonexistent. A: a fat one
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Webster10
Up like Trump


Registered: 12/03/13
Posts: 9,966
Loc: Strawberry Fields
Last seen: 6 years, 3 months
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Re: Devalue wealthy Americnas currency [Re: Asante]
#22436012 - 10/26/15 01:12 PM (8 years, 3 months ago) |
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Quote:
Asante said: THe guy IS an index.
As if that has any real meaning. Can individual posts be reported for #4?
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Asante
Mage


Registered: 02/06/02
Posts: 86,797
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Re: Devalue wealthy Americnas currency [Re: Webster10] 2
#22436024 - 10/26/15 01:16 PM (8 years, 3 months ago) |
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That only has no meaning to you because of your inability to make sense of it.
Hes far too big a player to invest into an index mutual fund. Players of his financial girth corner markets and pull stuff like that.
-------------------- Omnicyclion.org higher knowledge starts here
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Webster10
Up like Trump


Registered: 12/03/13
Posts: 9,966
Loc: Strawberry Fields
Last seen: 6 years, 3 months
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Re: Devalue wealthy Americnas currency [Re: Asante]
#22436034 - 10/26/15 01:19 PM (8 years, 3 months ago) |
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 Billionaires are too big to invest in stocks?
I'm flabbergasted.
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Patlal
You ask too many questions



Registered: 10/09/10
Posts: 44,797
Loc: Ottawa
Last seen: 9 hours, 46 minutes
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Re: Devalue wealthy Americnas currency [Re: koods]
#22436035 - 10/26/15 01:19 PM (8 years, 3 months ago) |
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Quote:
koods said: Corporate taxes are too high. Income taxes are too low for higher incomes. Personal tax rates are at historically low levels in this country, there is plenty of room to raise them. The rich paid much higher tax rages when the US was growing at a much faster rate.
I totally agree on corporate taxes. Insanely high.
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Patlal
You ask too many questions



Registered: 10/09/10
Posts: 44,797
Loc: Ottawa
Last seen: 9 hours, 46 minutes
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Re: Devalue wealthy Americnas currency [Re: koods] 2
#22436046 - 10/26/15 01:22 PM (8 years, 3 months ago) |
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Quote:
koods said:
Quote:
Webster10 said:
Quote:
koods said:
I'm not talking about corporate taxes. I doubt Patlal is either. We are talking about people. Not entities.
And I'm talking about both, because both are related. At least you admit earned income taxes are too high. The tax bracket is just utterly dumb. The people that Obama tries to tax the heaviest don't even have that substantial of an earned income, they divert their money into other channels that are taxed at lower rates than what the average joe's income tax rate is. Obama's tax code is a failure. Vote Trump, he doesn't want to tax the poor whatsoever! Say goodbye to Obama's regime of poor-people-hatred and rich-people-loving. Say hello to a fair tax code.
Trump sucks at business. He would have more money if he had invested his money in an index mutual fund.
That's the dumbest statement ever.
He should have been smart enough to take his crystal ball in the 60s and sit on his ass and producce nothing right?
Instead he decided to build shit and employ thousands.
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Webster10
Up like Trump


Registered: 12/03/13
Posts: 9,966
Loc: Strawberry Fields
Last seen: 6 years, 3 months
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Re: Devalue wealthy Americnas currency [Re: Patlal]
#22436052 - 10/26/15 01:24 PM (8 years, 3 months ago) |
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Quote:
Patlal said:
Quote:
koods said: Corporate taxes are too high. Income taxes are too low for higher incomes. Personal tax rates are at historically low levels in this country, there is plenty of room to raise them. The rich paid much higher tax rages when the US was growing at a much faster rate.
I totally agree on corporate taxes. Insanely high.
Way too high. Also income taxes are irrelevant to the rich. I'll say it once again. The super rich barely even earn any money that could be counted as "earned income" compared to the amount of money they divert through other, lesser taxed channels.
Income taxes are meaningless to the rich! Cut them across the board and raise taxes in other areas that will actually include the huge sums that billionaires are raking in.
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Asante
Mage


Registered: 02/06/02
Posts: 86,797
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Re: Devalue wealthy Americnas currency [Re: Asante]
#22436055 - 10/26/15 01:25 PM (8 years, 3 months ago) |
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Quote:
Webster10 said:
Quote:
Asante said: That only has no meaning to you because of your inability to make sense of it.
Hes far too big a player to invest into an index mutual fund. Players of his financial girth corner markets and pull stuff like that.
 Billionaires are too big to invest in stocks?
I'm flabbergasted.
Your inability to read what it says and think along amazes me. You must not be really trying.
-------------------- Omnicyclion.org higher knowledge starts here
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koods
Ribbit



Registered: 05/26/11
Posts: 106,061
Loc: Maryland/DC Burbs
Last seen: 25 minutes, 19 seconds
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Re: Devalue wealthy Americnas currency [Re: Patlal]
#22436059 - 10/26/15 01:26 PM (8 years, 3 months ago) |
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Quote:
Ellis Dee said:
Quote:
koods said: Trump sucks at business. He would have more money if he had invested his money in an index mutual fund.
He started with millions. Now he has billions. If he had purchased an index fund he'd still have millions and also no cash flow. You may not like the guy but he's a legit tycoon. He's had his ups and downs but he's done pretty well.
Yeah and he would be twice as rich if he invested in a mutual fund.
Quote:
Imagine Trump had retired in 1982, sold his real estate holdings and invested his $500 million in the S&P 500 — that is, 500 stocks representing the American stock market.
From 1982 through the end of 2014, the S&P 500 index had an annualized return, including reinvested dividends, of 11.86 percent, according to MoneyChimp’s S&P 500 Compound Annual Growth Rate calculator.
Per this calculator, every dollar invested in January 1982 would have been worth $40 by December of 2014. That means Trump’s initial $500 million would have grown to $20 billion. That’s twice what Trump says he’s worth today.
http://www.moneytalksnews.com/why-youre-probably-better-investing-than-donald-trump/Quote:
Patlal said:
Quote:
koods said:
Quote:
Webster10 said:
Quote:
koods said:
I'm not talking about corporate taxes. I doubt Patlal is either. We are talking about people. Not entities.
And I'm talking about both, because both are related. At least you admit earned income taxes are too high. The tax bracket is just utterly dumb. The people that Obama tries to tax the heaviest don't even have that substantial of an earned income, they divert their money into other channels that are taxed at lower rates than what the average joe's income tax rate is. Obama's tax code is a failure. Vote Trump, he doesn't want to tax the poor whatsoever! Say goodbye to Obama's regime of poor-people-hatred and rich-people-loving. Say hello to a fair tax code.
Trump sucks at business. He would have more money if he had invested his money in an index mutual fund.
That's the dumbest statement ever.
He should have been smart enough to take his crystal ball in the 60s and sit on his ass and producce nothing right?
Instead he decided to build shit and employ thousands.
No, he should have invested in companies with people who know better how to run a business. Even more employees and created wealth
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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koods
Ribbit



Registered: 05/26/11
Posts: 106,061
Loc: Maryland/DC Burbs
Last seen: 25 minutes, 19 seconds
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Re: Devalue wealthy Americnas currency [Re: Webster10]
#22436084 - 10/26/15 01:33 PM (8 years, 3 months ago) |
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Quote:
Webster10 said:
Quote:
Patlal said:
Quote:
koods said: Corporate taxes are too high. Income taxes are too low for higher incomes. Personal tax rates are at historically low levels in this country, there is plenty of room to raise them. The rich paid much higher tax rages when the US was growing at a much faster rate.
I totally agree on corporate taxes. Insanely high.
Way too high. Also income taxes are irrelevant to the rich. I'll say it once again. The super rich barely even earn any money that could be counted as "earned income" compared to the amount of money they divert through other, lesser taxed channels.
Income taxes are meaningless to the rich! Cut them across the board and raise taxes in other areas that will actually include the huge sums that billionaires are raking in.
You know that realized capital gains are income right?
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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twighead
mͯó



Registered: 08/27/08
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Re: Devalue wealthy Americnas currency [Re: koods]
#22436121 - 10/26/15 01:42 PM (8 years, 3 months ago) |
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Oh just to throw in - we need to stop corporate subsidies they're pretty fucking outrageous... and something both liberals and conservatives should see common ground on.
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qman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 4 hours, 41 minutes
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Re: Devalue wealthy Americnas currency [Re: koods]
#22436156 - 10/26/15 01:54 PM (8 years, 3 months ago) |
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Quote:
koods said: What about labor shortages and higher food costs gives you a hard on?
Labor shortages? Because we have 10's of millions working eligible US citizens NOT employed, give us a break with that nonsense.
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qman
Stranger

Registered: 12/06/06
Posts: 34,927
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Re: Devalue wealthy Americnas currency [Re: qman]
#22436171 - 10/26/15 01:58 PM (8 years, 3 months ago) |
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Konyap

Registered: 06/30/07
Posts: 33,945
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Last seen: 4 years, 2 months
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Re: Devalue wealthy Americnas currency [Re: qman]
#22436179 - 10/26/15 02:01 PM (8 years, 3 months ago) |
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make apartment houses and insurance cheaper... problem solved
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Webster10
Up like Trump


Registered: 12/03/13
Posts: 9,966
Loc: Strawberry Fields
Last seen: 6 years, 3 months
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Re: Devalue wealthy Americnas currency [Re: koods]
#22436220 - 10/26/15 02:14 PM (8 years, 3 months ago) |
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Quote:
koods said:
Quote:
Webster10 said:
Quote:
Patlal said:
Quote:
koods said: Corporate taxes are too high. Income taxes are too low for higher incomes. Personal tax rates are at historically low levels in this country, there is plenty of room to raise them. The rich paid much higher tax rages when the US was growing at a much faster rate.
I totally agree on corporate taxes. Insanely high.
Way too high. Also income taxes are irrelevant to the rich. I'll say it once again. The super rich barely even earn any money that could be counted as "earned income" compared to the amount of money they divert through other, lesser taxed channels.
Income taxes are meaningless to the rich! Cut them across the board and raise taxes in other areas that will actually include the huge sums that billionaires are raking in.
You know that realized capital gains are income right?
Yes, and?
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Webster10
Up like Trump


Registered: 12/03/13
Posts: 9,966
Loc: Strawberry Fields
Last seen: 6 years, 3 months
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Re: Devalue wealthy Americnas currency [Re: Webster10]
#22436223 - 10/26/15 02:14 PM (8 years, 3 months ago) |
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Quote:
Webster10 said:
Quote:
koods said: What about labor shortages and higher food costs gives you a hard on?
Labor shortages are caused by an extravagant welfare system that at times is so screwed up that people would literally make LESS money if they were to become employed. Cut down the handouts, and there will never be such thing as a "labor shortage" ever again. Mandate that the food companies fire the illegals, hire american workers and take the profit loss from their own ridiculous salaries. Don't let Big Food jack up the prices to compensate, make them pay for it themselves. They've done America a disservice by hiring the illegals and employing them for so long, let them pay the price.
Koods, let me ask you, are you in favor of the current situation? The poor immigrants, that we all know only come to America to escape domestic turmoil in their home countries, are being exploited by Big Food. Big Food is making these refugees work in slave conditions for a slave labor. All the while the evil white CEO's are cashing in and laughing. Does that sounds good to you? Really?
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akira_akuma
Φύσις κρύπτεσθαι ὕψιστος φιλεῖ


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Re: Devalue wealthy Americnas currency [Re: Webster10]
#22436234 - 10/26/15 02:20 PM (8 years, 3 months ago) |
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my family should be able to run dynasty's and eventually run for office, and i can't prep them for that if i can't own most of everything they're gonna be running for.
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