BDS?.....check out Buffettitis

[Plane]

Where I work there is a long walkway that includes four  flights of stairs going up the hill, and at the top is the handicap parking.

This was all built for government use since the ADA .

Law fails to overcome poor planning .

To make up the diffrence , people who have handicaps too severe to handle the steps have special pass to drive up to the hangar.

I think the ADA is a good law , but it is better to have good attitude and good planning if what you want is success .

There is no reason to build a new building that is inaccessable , why not even better than the requirement?

[Xavier_Onassis]

If investment income gets taxed at a rate just as high as income tax , will anyone ever get wealthy with good investment ? Will anyone invest in anything?

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In the 1960's the tax rate was the same, and the percentages for tax brackets were higher. Warren Buffett certainly got wealthy under those rates, so that is a proven fact. And there were no lack of investors, either.

The rate for invested income IS the same NOW, for day traders and anyone who does not hold the stock for a calendar year,
by the way. This is a huge segment of the market.

[Plane]

If investment income gets taxed at a rate just as high as income tax , will anyone ever get wealthy with good investment ? Will anyone invest in anything?

========================================================
In the 1960's the tax rate was the same, and the percentages for tax brackets were higher. Warren Buffett certainly got wealthy under those rates, so that is a proven fact. And there were no lack of investors, either.

The rate for invested income IS the same NOW, for day traders and anyone who does not hold the stock for a calendar year,
by the way. This is a huge segment of the market.

Are you sure you are right about this?

http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=161
http://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States

To me it seems as if, that if I want to invest , I have to pay taxes on my earnings, then with the remainder take a risk , which if it pays off , I then have to pay taxes again and if there has been inflation while I held the investment, I have to pay tax on the inflation.

With the economy in severe need of investment right now , is this actually a good time to make these taxes more stringent?

[sirs]

Nope.....as most economists would tell us....as would common sense.  Especially when the taxes being pushed, after the fact ampounts to ....what was it....7% of the our debt?  7% with the repercussions of sending us into another recession, with ever decreasing revenues & creating an even a worse debt to push on those children, and their children's children.

But boy, we sure stuck it to those rich folk, didn't we.  And that's really what matters here, isn't it

[kimba1]

The mind of an invester is a funny thing. I understand trying the geting  the most bang for your buck. So of course they would grumble about paying taxes. But that kind thinking can also risk thier money.
Say you invested in b of a and it gained a $100 and you sold it. Then found out if you held for one day you would of gotten another ten dollars but if one more hour it would drop dramaticly. Other invester would highly likely chastised you for not going for the extra ten despite you made a good profit and the extra ten would of been very risky. I actually seen this happen mant times. Many gripe about the loss but never said they should of quit when they were ahead.

[Plane]

The mind of an invester is a funny thing. I understand trying the geting  the most bang for your buck. So of course they would grumble about paying taxes. But that kind thinking can also risk thier money.
Say you invested in b of a and it gained a $100 and you sold it. Then found out if you held for one day you would of gotten another ten dollars but if one more hour it would drop dramaticly. Other invester would highly likely chastised you for not going for the extra ten despite you made a good profit and the extra ten would of been very risky. I actually seen this happen mant times. Many gripe about the loss but never said they should of quit when they were ahead.

Everything has margins.

Every impediment to investing chopps some investors off of the margin, people who are only barely able or willing to invest loose the ability and willingness .

There is a huge social utility in making lots of money availible for consumption , another social utility , a diffrent one , for making money availible to investment .

Taxes have a social utility , but taxes can grow to soak up too much of the availible money , leaving little for the society to run on.

[Xavier_Onassis]

Taxes now are historically low, at least the income tax is.

Investors will always invest, just as gamblers will always gamble, and for the same reason: they think they are smarter and luckier. About half the individuals who trade in the markets are day traders, after the fast buck.

[Plane]

Taxes now are historically low, at least the income tax is.

Investors will always invest, just as gamblers will always gamble, and for the same reason: they think they are smarter and luckier. About half the individuals who trade in the markets are day traders, after the fast buck.

The historical low for income tax is 0%.

Day traders may be half or more of the trades , but they are far less than half the money .

Investors do not have to invest in American industry, what kind of gammbler chooses a game that has his winnings reduced before he claims them? Why not invest where there is a less rigged game?

[kimba1]

Investors do not have to invest in American industry, what kind of gammbler chooses a game that has his winnings reduced before he claims them? Why not invest where there is a less rigged game


actually they do and the market hasn`t faired well by it. pass three years alot of investors has put thier money in very conservative ventures like u,s, bonds. but such investments are very low yeild and boring so eventually they are trickling back

[Xavier_Onassis]

And where is the game less rigged?

Casinos are rigged, and the house takes most of the money.The stock market is not rigged any more in the US than anywhere else,and a lot less so than in some places, China being a good example.

The income tax has been with us since 1916. Income tax rates are the lowest they have been in decades.

[sirs]

The answer as to WHY they should be raised, when it doesn't even dent the debt, but has the distinct ability at depressing any job expansion and increasing unemployment, not to mention the steering us into yet another recession, remains strikingly untouched. 

I think we can all guess the why, by this time

[Xavier_Onassis]

Rates should be raised because the cost of government needs to be paid for.

And of COURSE it would serve to raise revenue.

Dummy.

[sirs]

Rates should be raised because the cost of government needs to be paid for.

They ARE being paid for.  Stop growing government and make it even easier to pay for

And of COURSE it would serve to raise revenue.

Barely a dent in the short term, and non-existent in the long term, so again WHY raise them when it'll generate decreased expansion, decreased economic growth, decreased employment, and throw us into another recession??

And why isn't exactly what Obama begged for last year, all of a sudden, "not enough now"?  Not enough what?, when it doesn't even dent the debt any greater than 7%??

Dummy.

Idiot

[Xavier_Onassis]

 WHY raise them when it'll generate decreased expansion, decreased economic growth, decreased employment, and throw us into another recession??

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Because this assertion is totally FALSE ratbag rightwing crap.

[sirs]

Most economists are now ratbag rightwing?  Wow  Even dems like Howard Dean acknowledge the looming recession awaiting us.  I guess he's switched sides as well, and didn't tell anyone