[SpecialOlympian]

Like lmao listen to yourself colliric. A cult? Haha. You're the one bravely making self-contradictory statements like "Republicans bravely discourage people from getting the vaccine but then they quietly get it." How does make sense on any level? How did that sound anything less than moronic as you types it out? Even the most surface level reading is that Republicans are noble hypocrites.

[colliric]

I was referring to what you said.

[Pants-of-dog]

I think the Texas Republicans knew this was going to be unpopular, which is why they also enacted some pretty awful voter suppression legislation: to prevent women (and people who love them) from voting them out.

[ckaihatsu]

TITS UP

(grin)

It's the *accent* -- (heh).

(Just joking around.)

[Drlee]

So just about the time that the democrats have the republicans on the ropes, the Biden administration decides to raise taxes on the middle class.

The Republicans do not have to work for election. They can just stand around with their hands in their pockets and wait for the Democrats to hand the election to them. Jesus Wept.

[SpecialOlympian]

So just about the time that the democrats have the republicans on the ropes, the Biden administration decides to raise taxes on the middle class.

The Republicans do not have to work for election. They can just stand around with their hands in their pockets and wait for the Democrats to hand the election to them. Jesus Wept.

As someone who works in finance and worries about capital gains, both long and short, on a daily basis this concern about ~generally vague taxes~ is annoying to me.

Describe the taxes that are unfairly being imposed, who they affect, and why anyone should care. Saying "taxes have been raised on the middle class" is one of the vaguest possible things you could say, as most Americans rich or poor identify as being middle class.

[colliric]

As someone who works in finance and worries about capital gains, both long and short, on a daily basis this concern about ~generally vague taxes~ is annoying to me.

Describe the taxes that are unfairly being imposed, who they affect, and why anyone should care. Saying "taxes have been raised on the middle class" is one of the vaguest possible things you could say, as most Americans rich or poor identify as being middle class.

https://www.nytimes.com/2021/09/13/us/p ... -plan.html

Oh and of course you Democrats are planning to attempt taxing and regulating Crypto-to-Crypto transactions, in addition to Crypto-to-USD transactions, despite also bitching about how "it'll never go anywhere and Tulips and crap".

[SpecialOlympian]

Don't have a subscription, don't care, I really doubt you have a NYT subscription, and I knew you were talking out your ass when you said,

"They are also rich but want to raise taxes on richer people but not themselves" so sorry if I'm not wasting time educating a massive fucking weirdo willing to defend the GOP's honor despite not even living in America..

You clearly have no fucking clue what you are talking about when it comes to the American tax system if your answer to me is a paywalled article and some vague bullshit about how the Democrats selectively tax some rich people but not others with zero explanation.

Oh and of course you Democrats are planning to attempt taxing and regulating Crypto-to-Crypto transactions, in addition to Crypto-to-USD transactions, despite also bitching about how "it'll never go anywhere and Tulips and crap".

Good, I hope crypto is taxed out of existence because it is the functional equivalent of morons idling their cars to produce solved sudokus they can trade for drugs or child porn. Why do you think crypto is such a special form of property that exchanging it for profit should not be taxed, unlike the exchange of any other form of property in the US? This is just naked self-interest on your part.

[SpecialOlympian]

You are literally saying MLM, Ponzi schemes, et al deserve special tax privileges because they ~generate wealth~ lmao

Imagine if Herbalife resellers were protesting outside the IRS. That's you.

[JohnRawls]

As someone who works in finance and worries about capital gains, both long and short, on a daily basis this concern about ~generally vague taxes~ is annoying to me.

Describe the taxes that are unfairly being imposed, who they affect, and why anyone should care. Saying "taxes have been raised on the middle class" is one of the vaguest possible things you could say, as most Americans rich or poor identify as being middle class.

Not to defend coliric but you are more interested in EV to Ebitda than actual taxes, you probably care very little about taxes themselves unless they are applied by some weird way on just gross margin which is usually never the case. So you are a bit biased here.

[Rancid]

Not to defend coliric but you are more interested in EV to Ebitda than actual taxes, you probably care very little about taxes themselves unless they are applied by some weird way on just gross margin which is usually never the case. So you are a bit biased here.

He cares about them from a long term or short term gains perspective.

Example, say a client of his has stock in some bluechip ultra stable stock that doesn't move a lot day to day. His client has owned it for say 11 months and wants to sell. SO might tell him "This stock is crazy stable, it won't move much, just wait 1 more month so that you can take more money due to shift to long term gain at 12 months". Whereas, let's say it's a super volatile crazy stock instead, he might say "go sell now, no telling where this stock will be in a month, just take the hit on short term gain taxes".

I'm guessing that is the degree to which he cares about taxes.

[JohnRawls]

He cares about them from a long term or short term gains perspective.

Example, say a client of his has stock in some bluechip ultra stable stock that doesn't move a lot day to day. His client has owned it for say 11 months and wants to sell. SO might tell him "This stock is crazy stable, it won't move much, just wait 1 more month so that you can take more money due to shift to long term gain at 12 months". Whereas, let's say it's a super volatile crazy stock instead, he might say "go sell now, no telling where this stock will be in a month, just take the hit on short term gain taxes".

I'm guessing that is the degree to which he cares about taxes.

Realistically, taxes matter because of dividends. For stock value calculations having a 0 percent tax rate is probably a negative actually since it will let you have a lot of cash on hand and realistically you don't have infinite possibilities to expand. At least I think so with my limited understanding.

[Rancid]

Realistically, taxes matter because of dividends. For stock value calculations having a 0 percent tax rate is probably a negative actually since it will let you have a lot of cash on hand and realistically you don't have infinite possibilities to expand. At least I think so with my limited understanding.

Dunno.

I only have two rules for investing.

Buy the bad news
Investments should be boring

[Pants-of-dog]

To tie this in with the topic mentioned in the title:

https://www.forbes.com/sites/alisondurk ... 5c45ff6f71

A majority of Americans support abortion being legal in at least most cases after Texas imposed the most severe restrictions on the procedure in the U.S. since Roe v. Wade, a new Quinnipiac poll found, while support for the U.S. Supreme Court has dropped to a historic low after the conservative-leaning court upheld the controversial policy.

KEY FACTS

The poll, conducted September 10-13 among 1,210 U.S. adults, found 31% of respondents believe abortion should be legal in all cases and 31% say it should be legal in most cases.

Quinnipiac notes that’s “one of the highest levels of support” for abortion since the pollster began asking the question in 2004, and marks the first time more than 30% have said it should be legal in all cases.

A combined 32% believe abortion should be illegal in all or most cases, and support for abortion rights remains low among Republicans, with 39% saying it should be legal in all or most circumstances.

A narrow 51% majority support abortions after a “fetal heartbeat” is detected—a term medical experts criticize as factually inaccurate—which is the point when the Texas abortion law bans the procedure, and 83% believe abortion should be legal in cases of rape and incest, for which the Texas law does not make exceptions.

Only 37% of respondents approve of the Supreme Court while 49% disapprove, which Quinnipiac notes is the lowest approval rating since it started polling in 2004 and is down from a 52% approval rating in July 2020.

Only a minority of respondents (35%) believe the conservative-leaning court will actually overturn Roe v. Wade in the next several years, however, and a 48% plurality believe the high court should make it easier to get an abortion (35% say harder).

BIG NUMBER

67%. That’s the percentage of respondents that agree with the Supreme Court’s ruling in Roe v. Wade, which declared abortion is legal under the U.S. Constitution.

KEY BACKGROUND

Abortion has become a greater national issue in the wake of the Texas law, known as Senate Bill 8 (SB , taking effect on September 1. The law, which is expected to block at least 85% of abortions in the state, was able to take effect thanks to an enforcement mechanism designed to make the law harder to strike down in court, which empowers private citizens to enforce the law through lawsuits against anyone who “aids and abets” an abortion instead of private citizens. The Supreme Court declined to strike down SB 8 as abortion providers had asked the court to do, ruling 5-4 after the law had already taken effect that it was too soon to bring a legal challenge. That lawsuit is now pending in the lower courts, and the Biden administration has also brought its own litigation aimed at ending the policy.

….(article continues)…..

So, on a federal level, this helps the Democrats, and may spur some sort of federal legislation that could prevent this Texas law from being legal.

[SpecialOlympian]

Not to defend coliric but you are more interested in EV to Ebitda than actual taxes, you probably care very little about taxes themselves unless they are applied by some weird way on just gross margin which is usually never the case. So you are a bit biased here.

I'm not an accountant but I am working toward a CFP certificate and a Master's in Financial Planning, so yes I do care actually.

[Drlee]

@SpecialOlympian

Describe the taxes that are unfairly being imposed, who they affect, and why anyone should care. Saying "taxes have been raised on the middle class" is one of the vaguest possible things you could say, as most Americans rich or poor identify as being middle class.

Here is one example near to my heart.

The Democrats propose eliminating the 20% exemption on small business (pass through entities). There are about 30 million small businesses in the US. Certainly not all of these are affected but many millions of middle class Americans are. Most of the owners/partners of these enterprises are in nominal 15% tax brackets now so that puts them squarely in the real middle class.

[XogGyux]

[SpecialOlympian]

@SpecialOlympian

Here is one example near to my heart.

The Democrats propose eliminating the 20% exemption on small business (pass through entities). There are about 30 million small businesses in the US. Certainly not all of these are affected but many millions of middle class Americans are. Most of the owners/partners of these enterprises are in nominal 15% tax brackets now so that puts them squarely in the real middle class.

This tax exemption is only a few years old and I'm sure as a doctor running a small private practice you were fine before it.

America has a perverse veneration of small business as the end all and be all of American success. The fact of it is that small business owners are the prevailing drivers of wage theft, which constitutes $50 billion per year in lost earnings.

The fact that we venerate labor purchasers, the people who have the greatest incentive to lower the value of labor, is part of the reason we have such immense wealth disparity.

Taxation is a function of government and not our economic system. I legit don't care if you lose a few thousand dollars a year because you will be fine, it is the vast majority of Americans who can't afford a catastrophic health incident or even an unexpected $500 expense, nevermind planning for retiremet because lol that's not happening, who need our help. Not small business owners. And that won't happen by adjusting the sliders on the tax system, but through large systemic change.

[SpecialOlympian]

Also thank you DrLee for actually putting forth a real world example in the American tax system and not just regurgitating what some asshole who spent three hours staring into his laptop's camera said in a single sentence.

[Drlee]

@SpecialOlympian I legit don't care if you lose a few thousand dollars a year because you will be fine, it is the vast majority of Americans who can't afford a catastrophic health incident or even an unexpected $500 expense, nevermind planning for retiremet because lol that's not happening, who need our help. Not small business owners. And that won't happen by adjusting the sliders on the tax system, but through large systemic change.

Frankly neither do I. At the end of the day I will be fine. And FWIW I would have to check with my accountant but I may not fall into the category covered by this break.

As you know I have been a HUGE advocate for increased wages for workers. I actually favor a fairly draconian tax system similar to what we had in the 60s because I believe high tax brackets favor workers. Not the opposite. If we had 90% tax brackets with comparable deductions similar to the 1960's we would not be looking for money for infrastructure right now.

As you also know I am for universal, single payer, government sponsored health care. You may remember that I recently posted about how 50% of Americans can't afford a one bedroom apartment on the salary they are paid for full time work.

I am a fiscal conservative and social libertarian. I see the need for higher pay for workers as a solidly conservative position to take. I see it as the best way to keep our markets relatively free. The current situation is unsupportable and it is just a matter of time until we get what most conservatives fear. (Rightly or wrongly.) A much more socialist system. (And no I do not see anything anti-free market about a single payer health care system. Not any more than I see the need to avoid privatizing the military.)

You see SO I see strong gun control laws regarding who and where they may be carried as essential to preserving our second amendment rights. I have said this for years. And look at the polls. Most Americans are for stronger gun control laws. If we don't change our ways, we will be like Australia in a few years.

But thoughtful conservatism has been hijacked by this fascist/ nationalist group that is running my party now. Fascism is the best way for powerless bullies to get power.