Investment Timing

[Spiffster]

I would love to pay $1M in taxes in a year.

OR, you can make billions and pay... nothing at all. Then turn around and give those making the most money, even more tax breaks! Trickle down economics at its finest! But why stop there, since we all know trickle down economics works , and this money wont be hoarded, but shared with the masses... lets remove the estate tax too.

[greenskeeper]

OR, you can make billions and pay... nothing at all. Then turn around and give those making the most money, even more tax breaks! Trickle down economics at its finest! But why stop there, since we all know trickle down economics works , and this money wont be hoarded, but shared with the masses... lets remove the estate tax too.

Have you ever worked for a poor person or business?

[feh]

Have you ever worked for a poor person or business?

Are you defending people like this?:

http://fortune.com/2016/10/13/wells-fargo-ceo-john-stumpfs-career-ends-with-133-million-payday/

I'm repeatedly amazed at how the .1% have fooled so many average people to carry water for them.

[james.hendrickson]

Have you ever worked for a poor person or business?

Greens - yes, I also don't understand your comment. Can you please rephrase it or clarify?

[Singuy]

Are you defending people like this?:

http://fortune.com/2016/10/13/wells-fargo-ceo-john-stumpfs-career-ends-with-133-million-payday/

I'm repeatedly amazed at how the .1% have fooled so many average people to carry water for them.

Hmm,...those are his shares that he have stashed or earned. If he walks away with 133million than I guess the shareholders didn't punish him enough by making Well's Fargo shares worthless. Of course that can never happen due to the high amount of assess this bank holds. So what do you think is fair? Confiscate his shares and distribute them to the shareholders?

[corn18]

OR, you can make billions and pay... nothing at all. Then turn around and give those making the most money, even more tax breaks! Trickle down economics at its finest! But why stop there, since we all know trickle down economics works , and this money wont be hoarded, but shared with the masses... lets remove the estate tax too.

What I do know is that I do not want to pay more taxes as a percentage of my income. While I am in the 1% with my income, I feel no obligation to pay more than the current 50% marginal tax that I pay now. I grew up poor, and worked my arse off in the Navy for decent pay. Then I took a risk and find myself where I am now. No one deserves one cent of my income. I didn't inherit it, I wasn't handed it on a silver spoon. But I am willing to go along with the current system.

The best thing that could happen to help everyone is to make the gov't smaller and more efficient. The cost of running the gov't is ridiculous. If it were a corporation, it would be out of business.

[feh]

Hmm,...those are his shares that he have stashed or earned. If he walks away with 133million than I guess the shareholders didn't punish him enough by making Well's Fargo shares worthless. Of course that can never happen due to the high amount of assess this bank holds. So what do you think is fair? Confiscate his shares and distribute them to the shareholders?

The topic was cutting taxes for people like him, and how a surprisingly large number of people still believe in voodoo economics.

The size of his severance is another subject, but no less ridiculous.

[Spiffster]

What I do know is that I do not want to pay more taxes as a percentage of my income. While I am in the 1% with my income, I feel no obligation to pay more than the current 50% marginal tax that I pay now. I grew up poor, and worked my arse off in the Navy for decent pay. Then I took a risk and find myself where I am now. No one deserves one cent of my income. I didn't inherit it, I wasn't handed it on a silver spoon. But I am willing to go along with the current system.

The best thing that could happen to help everyone is to make the gov't smaller and more efficient. The cost of running the gov't is ridiculous. If it were a corporation, it would be out of business.

Good for you. Im glad things worked out for you. Im not against the 1% at all, I plan to be among them eventually . My gripe is with the trickle down economics. Its a joke by itself, but in conjunction with throwing away the estate tax, it sends a mixed message about Mr Tump's real intentions.

The poor, and middle class spend the money, and fuel the economy. Trickle up economics is far more effective, and everyone benefits.
He says he's going to cut taxes for everyone, so where does the money come from??? I honestly hope he does well, but some of what he intends to do makes little sense. The numbers just dont add up.

I completely agree about government inefficiency.

[sv2007]

Yep. That's pretty much how it works. Since taxes are only a portion of the income earned, in order to pay X in taxes, that means you will have earned 2 to 6 times X in income. That's not a bad thing.

It isn't that simple. Especially during the 2000 dot com boom; I know a person who can't come back to the US because of taxes owed, and this is a pretty responsible person. ISO/AMT/long term capital gains plans/a quick market crash/and a 5-year market recovery can lead to massive tax without the ability to (effectively ever) pay it back.

Life was interesting back then where just about everyboyd was a paper millionaire and about 50% of my friends were paper multi-millionaires. One wrong move combined with a slightly aggressive tax planning and boom! Lots of taxes due w/o the money to pay for it.

It anybody think this current boom is the greatest, then I can only say that you've not lived the dot-com boom. It was an awesome time.

[Spiffster]

Have you ever worked for a poor person or business?

Just about any small business, you mean? Yes, and for a while I worked for myself. My competitive advantage was efficiency. But yeah, lets throw more money at the established players and widen the gap... In any other case I have never worked for a business that wouldnt hire new employees if they knew there was more money to be made from doing so.

[greenskeeper]

Are you defending people like this?:

http://fortune.com/2016/10/13/wells-fargo-ceo-john-stumpfs-career-ends-with-133-million-payday/

I'm repeatedly amazed at how the .1% have fooled so many average people to carry water for them.

The majority of Stumpf’s payday comes from some 2.4 million shares in the company that Stumpf earned over his years working at the company. That stake is worth $109.9 million based on Wednesday’s closing price.

do you have a problem with EARNERS?

[greenskeeper]

Greens - yes, I also don't understand your comment. Can you please rephrase it or clarify?

All business taxes should be minimized within reason to promote growth. Businesses large and small only have so much of a profit margin per dollar. You can't always look at earnings.

Honestly I'd like to see a flat rate income tax. The same for all earners. There would be an exemption to the tax for low income earners. But that would put the IRS out of business which will never happen.

[greenskeeper]

The best thing that could happen to help everyone is to make the gov't smaller and more efficient. The cost of running the gov't is ridiculous. If it were a corporation, it would be out of business.

[Singuy]

All business taxes should be minimized within reason to promote growth. Businesses large and small only have so much of a profit margin per dollar. You can't always look at earnings.

Honestly I'd like to see a flat rate income tax. The same for all earners. There would be an exemption to the tax for low income earners. But that would put the IRS out of business which will never happen.

Business taxes should be as large as possible to promote growth. Why would lowering business taxes promote growth? Lowering business taxes will just have the owner taking the profit as distribution vs reinvesting into the business TO AVOID paying for that "high " business tax to begin with.

High business expenses = growth and job creation
How can you promote businesses to have higher expenses? Increase business taxes!

[corn18]

Business taxes should be as large as possible to promote growth. Why would lowering business taxes promote growth? Lowering business taxes will just have the owner taking the profit as distribution vs reinvesting into the business TO AVOID paying for that "high " business tax to begin with.

High business expenses = growth and job creation
How can you promote businesses to have higher expenses? Increase business taxes!

Wow, that is wrong on so many levels. Have you ever run a business?