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aristarchus
United States652 Posts
On July 28 2011 10:06 chickenhawk wrote: I dunno if you are trolling.. coming from a country with universal healthcare.. He is definitely trolling. Not sure if it's intentional or not, but he's been completely refuted several times already in this thread. Just ignore him. | ||
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BestZergOnEast
Canada358 Posts
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Skilledblob
Germany3392 Posts
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aristarchus
United States652 Posts
On July 28 2011 10:09 Skilledblob wrote: I got a question do the US have a tax on stock market earnings? In Germany we had for a while a pretty big debate about that because here you dont pay any taxes on the money you make through company shares and the like. Yes, the US does. If you're wealthy it's lower than the rate you pay on wages, but it's definitely there. | ||
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ShatterZer0
United States1843 Posts
On July 28 2011 10:07 ilovelings wrote: Social Security is the biggest ponzi scheme?? In my book, banks take that title. Banks were a few Trillion. Over a year and a half. Social Security threatens to be a dozen trillion per year in 2040.... and have been a multibillion, recently trillion dollar scheme.... Remember, social security was supposed to give people money for a comfortable end of life... it was set 2 years before life expectancy.... now it's 12-14 years before life expectancy.... | ||
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BestZergOnEast
Canada358 Posts
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chickenhawk
Portugal339 Posts
Social Security is the biggest ponzi scheme?? In my book, banks take that title. It is when they used that money as a security to save companies that go bankrupt do to greed, and then say, ups we are spending to much so the right that you were taxed to have must go. | ||
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TheFrankOne
United States667 Posts
On July 28 2011 10:09 Skilledblob wrote: I got a question do the US have a tax on stock market earnings? In Germany we had for a while a pretty big debate about that because here you dont pay any taxes on the money you make through company shares and the like. We do, it is marginal for short-term, 15% for long term. I have said several times in this thread we need to raise that rate with a sunset while decreasing income tax rate. | ||
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BestZergOnEast
Canada358 Posts
but cutting vital systems is almost never a good idea. Actually, these are the systems that most desperately need to be de-socialized. These services are far too vital to be left in the hands of government. | ||
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ilovelings
Argentina776 Posts
On July 28 2011 10:08 BestZergOnEast wrote: Universal health care isn't so great if it means the government has to ration it and you have really bad wait times. When Canadian politicians get sick, they fly to America for treatment. I live in a 3rd world country (im implying my country is seriously missmanaged) with universal healthcare and I have never had to wait for ANY healthcare lol. Srsly, If my country filled with corrupt politicians (this is fact) can manage to provide decent healthcare for it's citizens, why cant the US of A do it. | ||
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ilovelings
Argentina776 Posts
On July 28 2011 10:12 BestZergOnEast wrote: Actually, these are the systems that most desperately need to be de-socialized. These services are far too vital to be left in the hands of government. Sir in my country the state desocialized the services and they went from bad to even worse. Do you have actual fact to support this claims? They got so bad they had to be RESOCIALIZED. Don't you lecture me on free market, because we experienced it during an entire decade and it went horribad in 2001. | ||
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chickenhawk
Portugal339 Posts
Universal health care isn't so great if it means the government has to ration it and you have really bad wait times. When Canadian politicians get sick, they fly to America for treatment. Sure next time you get ill go there too, you just need to have money and you will pass over everyone.. Also, insure companies also 'ration' healthcare. Actually, these are the systems that most desperately need to be de-socialized. These services are far too vital to be left in the hands of government. Sure lets us give the military or the police to private sectors.. they will listen to the people.. | ||
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Skilledblob
Germany3392 Posts
In the United States, individuals and corporations pay income tax on the net total of all their capital gains just as they do on other sorts of income, but the tax rate for individuals is lower on "long-term capital gains," which are gains on assets that had been held for over one year before being sold. The tax rate on long-term gains was reduced in 2003 to 15%, or to 5% for individuals in the lowest two income tax brackets . does this mean I can get as rich as I want with shares but I will only pay 5% taxes because my paycheck tells me I only got 1000$ ? Kinda sorry for asking these questions but my english for these legal texts is kind of bad. | ||
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BestZergOnEast
Canada358 Posts
Do you have actual fact to support this claims? Since the days of Aristotle, men have noticed that private property is superior to communally owned property. My evidence is the economic history of the world. Every socialist nation has failed - usually with brutal slave labour camps and autocratic tyrants. Every time laissez-faire capitalism has been attempted there has been prosperity and wealth created. | ||
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chickenhawk
Portugal339 Posts
Sir in my country the state desocialized the services and they went from bad to even worse. Do you have actual fact to support this claims? They got so bad they had to be RESOCIALIZED. Don't you lecture me on free market, because we experienced it during an entire decade and it went horribad in 2001. We have them in my country, although if you have anything that will kill you next month you will have the care in 1 minute. Its things like bad eyesight or similar things that can have up to 3 to 4 months of wait. | ||
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Bibdy
United States3481 Posts
On July 28 2011 10:17 Skilledblob wrote: does this mean I can get as rich as I want with shares but I will only pay 5% taxes because my paycheck tells me I only got 1000$ ? Kinda sorry for asking these questions but my english for these legal texts is kind of bad. Pretty much. Corporate bigwigs tend to get the majority of their money in stock. After one year, they sell that stock and pay very little tax on it. Do this year after year, and its the equivalent of only paying 15% in income tax, rather than the standard rate of income tax. Of course, that always hinges on the success of that company and the continued value of that stock. If the company crumbles that year, they lose the whole pot. | ||
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TheFrankOne
United States667 Posts
On July 28 2011 10:17 Skilledblob wrote: does this mean I can get as rich as I want with shares but I will only pay 5% taxes because my paycheck tells me I only got 1000$ ? Kinda sorry for asking these questions but my english for these legal texts is kind of bad. Its not you man, taxes in the US are fucking complicated. I do not know about the specifics of the capital gains tax but I'm not a CPA. (Certified Professional Accountant) Honestly I doubt many people in here could help you with these questions. Edit: Bibdy he wasn't asking about stock options, he was asking about marginal rates based upon income and if that includes cap gains taxes in the first place. "Corporate bigwigs" almost always make enough to fall into upper marginal rates in income alone anyways. | ||
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BestZergOnEast
Canada358 Posts
Sure lets us give the military or the police to private sectors.. they will listen to the people.. That is the only time they WOULD listen to someone. Right now the police are "hired" by us without our consent. If they turn tyranical, like for example BEATING AND TAZING A GENTLE HOMELESS MAN TO DEATH http://www.dailymail.co.uk/news/article-2019225/Police-beat-taser-gentle-mentally-ill-homeless-man-Kelly-Thomas-37-death.html there is nothing we can do about it. We can't fire them. They won't get in trouble. Nothing happens. If we have private policing we could simply stop paying them and switch to a competitor if they were not working in our interest. | ||
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BestZergOnEast
Canada358 Posts
Sure next time you get ill go there too, you just need to have money and you will pass over everyone.. Also, insure companies also 'ration' healthcare. The way I view healthcare it should be you go to the doctor and you and him negotiate. That's how it used to be in America. Obv. the doctor isn't going to turn you away, even if you are poor (generally doctors are pretty compassionate people), and you pay what you can afford. Right now the is so much bureaucracy and regulation and tax, that everyone has to pay the maximum and it's a very inefficient system. It worked fine until government decided it would "fix healthcare" and now you have the mess you see today. | ||
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chickenhawk
Portugal339 Posts
Since the days of Aristotle, men have noticed that private property is superior to communally owned property. My evidence is the economic history of the world. Every socialist nation has failed - usually with brutal slave labour camps and autocratic tyrants. Every time laissez-faire capitalism has been attempted there has been prosperity and wealth created. I look and China and a beg to differ. | ||
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