THE ERA OF TRUMP

[Smitty-48]

America has a lot of guns, but its not scary, the Pentagon riven with liberal do gooderism; can't fight its way out of a wet paper bag.

George S. Patton is dead, and he ain't coming back. Curtis LeMay is dead, and even if he came back, the liberals would have him arrested as a "war criminal"

[SuburbanFarmer]

Taxing stock purchases! Jesus Christ, maybe we should tax bank deposits.

Does no one understand what taxes are for? It's not a fucking "fairness" issue.

Were you not taxed when you bought your home? Your car? Why would stock in a company be different?

[SilverEagle]

Taxing stock purchases! Jesus Christ, maybe we should tax bank deposits.

Does no one understand what taxes are for? It's not a fucking "fairness" issue.

Were you not taxed when you bought your home? Your car? Why would stock in a company be different?

Do you pay tax on your car or home when you sell it? Typically you don't but on stock you do. Ordinary income tax if sold within a year because it's short term gains according to the IRS and you pay capital gains if it's a long term gain which is one year or more. So yeah I'm with Martin Hash on this. Investing in the market under that law the tax man would be getting you on both ends.

[SuburbanFarmer]

Taxing stock purchases! Jesus Christ, maybe we should tax bank deposits.

Does no one understand what taxes are for? It's not a fucking "fairness" issue.

Were you not taxed when you bought your home? Your car? Why would stock in a company be different?

Do you pay tax on your car or home when you sell it? Typically you don't but on stock you do. Ordinary income tax if sold within a year because it's short term gains according to the IRS and you pay capital gains if it's a long term gain which is one year or more. So yeah I'm with Martin Hash on this. Investing in the market under that law the tax man would be getting you on both ends.

You'd pay tax on a profit from selling any home other than your primary residence, so again, same diff. You just get a break on buying your actual home.

They already get you on both ends - at income, at spending, at saving (by inflation), and even handing it to your fucking kids (inheritance). There are no 'ends' un-penetrated by the taxman.

Anyway, we desperately need a $.01 tax on every stock bought and sold on the US market, to stop HFTs from ruling the world.

[SilverEagle]

Taxing stock purchases! Jesus Christ, maybe we should tax bank deposits.

Does no one understand what taxes are for? It's not a fucking "fairness" issue.

American Civil War, the first line of taxes were put into place to help pay for it. After that 1861 was the first income tax, and 1862 started to produce revenue from the taxes... a 3% tax on something along the lines of $600... and 5% off of 10K or more...

The purpose of taxes originally was to pay for war... taxes now, to fund the government.

Your right, this isn't a fairness issue... you get your whole paycheck, and in turn you get charged a fee for buying things... For me I'd see almost $1200 more in my paycheck if I did that each cycle... and I could tell you right now I'd spend it on things we need, or save it for a larger purchase.

Taxes are blown out of proportion today, want to make it reasonable, take on usage, not on earnings... I earned the money, the government didn't.

I think you meant tax on usage not take on usage and if that is the case I agree 100%. However I do wonder what kind of impact this would have our our debt basis currency. Taxing usage and not income would incentivize the population as a hole to save vs spend. Our currency needs to expand which mean inflation is key and if we're saving and not spending the velocity of money will be slowed down...........

[SilverEagle]

Were you not taxed when you bought your home? Your car? Why would stock in a company be different?

Do you pay tax on your car or home when you sell it? Typically you don't but on stock you do. Ordinary income tax if sold within a year because it's short term gains according to the IRS and you pay capital gains if it's a long term gain which is one year or more. So yeah I'm with Martin Hash on this. Investing in the market under that law the tax man would be getting you on both ends.

You'd pay tax on a profit from selling any home other than your primary residence, so again, same diff. You just get a break on buying your actual home.

They already get you on both ends - at income, at spending, at saving (by inflation), and even handing it to your fucking kids (inheritance). There are no 'ends' un-penetrated by the taxman.

Anyway, we desperately need a $.01 tax on every stock bought and sold on the US market, to stop HFTs from ruling the world.

1. Let's be honest. Most people don't spec on homes. Far more people invest in the market so you're kind of comparing apples and oranges.
2. A $0.01 Tax per share on trades are not going to slow down hedge funds. They'll just manipulate positions even more to make up for that cost of business. I bet it would actually benefit them as a whole because it will slow down the mom and pop investors allowing the H.F. more power to move the markets.

[SuburbanFarmer]

Do you pay tax on your car or home when you sell it? Typically you don't but on stock you do. Ordinary income tax if sold within a year because it's short term gains according to the IRS and you pay capital gains if it's a long term gain which is one year or more. So yeah I'm with Martin Hash on this. Investing in the market under that law the tax man would be getting you on both ends.

You'd pay tax on a profit from selling any home other than your primary residence, so again, same diff. You just get a break on buying your actual home.

They already get you on both ends - at income, at spending, at saving (by inflation), and even handing it to your fucking kids (inheritance). There are no 'ends' un-penetrated by the taxman.

Anyway, we desperately need a $.01 tax on every stock bought and sold on the US market, to stop HFTs from ruling the world.

1. Let's be honest. Most people don't spec on homes. Far more people invest in the market so you're kind of comparing apples and oranges.

Are you counting 401k-forced purchases of stock? Very, very few people bother trying to 'invest' anything of their own volition.
For my money, I'd MUCH prefer an investment property with dirt, to one with a million people fucking it around.

2. A $0.01 Tax per share on trades are not going to slow down hedge funds. They'll just manipulate positions even more to make up for that cost of business. I bet it would actually benefit them as a whole because it will slow down the mom and pop investors allowing the H.F. more power to move the markets.

I don't think that would work the way you think it would. At the very least, it would show the true stock market volumes - about 30% of what you see on-screen. It would also expose the fact that our markets no longer involve humans whatsoever, except for the odd sucker placing casino bets, so there's that.

[Martin Hash]

Stocks are a bullshit way for Insiders to get your pension money. Unless you gamble on the flip of a coin, don't get involved.

You want to "invest," fix up a spare room to AirBnB.
You want to "invest," go to school to get an electrician's license.
You want to "invest," quit giving your relatives money, and buy a used car.

[SilverEagle]

You'd pay tax on a profit from selling any home other than your primary residence, so again, same diff. You just get a break on buying your actual home.

They already get you on both ends - at income, at spending, at saving (by inflation), and even handing it to your fucking kids (inheritance). There are no 'ends' un-penetrated by the taxman.

Anyway, we desperately need a $.01 tax on every stock bought and sold on the US market, to stop HFTs from ruling the world.

1. Let's be honest. Most people don't spec on homes. Far more people invest in the market so you're kind of comparing apples and oranges.

Are you counting 401k-forced purchases of stock? Very, very few people bother trying to 'invest' anything of their own volition.
For my money, I'd MUCH prefer an investment property with dirt, to one with a million people fucking it around.

2. A $0.01 Tax per share on trades are not going to slow down hedge funds. They'll just manipulate positions even more to make up for that cost of business. I bet it would actually benefit them as a whole because it will slow down the mom and pop investors allowing the H.F. more power to move the markets.

I don't think that would work the way you think it would. At the very least, it would show the true stock market volumes - about 30% of what you see on-screen. It would also expose the fact that our markets no longer involve humans whatsoever, except for the odd sucker placing casino bets, so there's that.

There are a lot of people that have regular brokerage accounts (taxable). More than you think. I work in the industry and I see it.
Also it would work in the HF favor because yes this would slow the volume down which makes it exponentially easier for H.F. Manipulation.

[apeman]

Dude, it's always about the guns, dontchaknow. WY can take their 135% ROI from being the ass-end of the good ol' U.S.A. and be happy for it. At least we didn't cum on their face.