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Originally posted by Bo Diddley
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You were talking about taxing unrealized capital gains. Entirely different animal."There is no creature more arrogant than a self-righteous libertarian on the web, am I right? Those folks are just intolerable."
"It's no secret that the great American pastime is no longer baseball. Now it's sanctimony." -- Guy Periwinkle, The Nix.
"Juilliardk N I ibuprofen Hyu I U unhurt u" - creekster -
I talked about a lot of things including passing on assets using a step up in basis.Originally posted by Jeff Lebowski View PostComment
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Mitt is a great guy with some bad policy positions.Comment
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Apparently.Originally posted by Moliere View Post
Mitt is right that in his hypothetical, Elon's heirs wouldn't have to pay income tax on their new fortune. Not sure why he ignored the estate tax that Elon's estate would have to pay, which would be significant. To the extent the estate has over $1,000,000 in taxable assets, the federal estate tax rate on those assets is 40%. And the estate could also be subject to estate taxes at the state level."I think it was King Benjamin who said 'you sorry ass shitbags who have no skills that the market values also have an obligation to have the attitude that if one day you do in fact win the PowerBall Lottery that you will then impart of your substance to those without.'"
- Goatnapper'96Comment
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"Discipleship is not a spectator sport. We cannot expect to experience the blessing of faith by standing inactive on the sidelines any more than we can experience the benefits of health by sitting on a sofa watching sporting events on television and giving advice to the athletes. And yet for some, “spectator discipleship” is a preferred if not primary way of worshipping." -Pres. UchtdorfComment
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Actually, this was one on his examples for loop holes that need to be limited. His overall point was that it's time to tax the wealthy more than we do now as well as cut spending. He doesn't think our economy will gets us out of the hole we are in.Originally posted by Moliere View Post
So Mitt appears to be in favor of double taxation
He thinks Social Security should be means tested, and retirement age linked to longevity.Comment
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But the wealthy are already taxed through the estate tax. It’s literally a tax that only hits the wealthy since the exemption is pretty high (over $5mm I believe). If you tax an estate but don’t give basis step up to the assets then those assets will get double taxed when they are liquidated by the heir. I’m all for taxing the wealthy when they realize gains but I’m not a fan of double taxation.Originally posted by Bo Diddley View Post"Discipleship is not a spectator sport. We cannot expect to experience the blessing of faith by standing inactive on the sidelines any more than we can experience the benefits of health by sitting on a sofa watching sporting events on television and giving advice to the athletes. And yet for some, “spectator discipleship” is a preferred if not primary way of worshipping." -Pres. UchtdorfComment
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More terrible policy ideas.Originally posted by Bo Diddley View Post
"There is no creature more arrogant than a self-righteous libertarian on the web, am I right? Those folks are just intolerable."
"It's no secret that the great American pastime is no longer baseball. Now it's sanctimony." -- Guy Periwinkle, The Nix.
"Juilliardk N I ibuprofen Hyu I U unhurt u" - creeksterComment
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The exemption is currently $15 million per individual. Very few estates (I think it's around a tenth of 1%, and total revenues raised via the estate tax are less than 1% or total government revenue) are ever taxed at all, since most will have gifted their stuff away (see, e.g., Warren Buffet).Originally posted by Moliere View PostComment
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Which ones? All of them?Originally posted by Jeff Lebowski View Post
More terrible policy ideas.
-taxing the wealthy
-cutting spending
-means testing SS
-raising the age for SS
I'm not married to any of them. I'm mostly just concerned about our mounting debt. To steal a couple lines from the B-52's:
Before I talk
I should read a book!Comment
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There is a finite amount of revenue you can extract from the wealthy. Take every billionaires entire fortune and it supports the government for months. That isn't a solution and the knock on effects would diminish tax revenue overall. I'm open to all your other bullet points here.Originally posted by Bo Diddley View PostComment
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Welcome to the Mamdani leadership. Within minutes of being sworn into office Mamdani shows his true colors.. All his talk of human rights being the issue with Israel, seems rather disingenuous considering his immediate actions. We'll see if he draws up some other Executive Order, but if he had plans to do so, I would think he would have done it as soon as he rescinded this. Yet, he did not. Of course organizations supportive of Palestine, ME (CAIR, NY-CLU) etc. praise this decision as "A restoration of free speech" considering that is not something readily available in the ME it is rather laughable.
Quotes from several articles:
“On his very first day as New York City Mayor Mamdani shows his true face: He scraps the IHRA definition of antisemitism and lifts restrictions on boycotting Israel. This isn’t leadership. It’s antisemitic gasoline on an open fire,” Israel’s foreign ministry said in a post.
Mamdani became mayor just after midnight on New Year’s Eve, beginning a term that Democrats hope will energize the party ahead of the 2026 midterms. The 34-year-old democratic socialist campaigned on an ambitious but costly agenda, including universal free childcare and free buses, financed in part by higher taxes on corporations and the wealthy.
Friday’s public rebuke from Israel’s government adds an international dimension to a controversy already unfolding at home. On Thursday, Jewish civil rights groups criticized the removal of posts related to combating antisemitism from the official @NYCMayor X account shortly after Mamdani assumed office, warning that the move risked sending the wrong signal at a particularly sensitive moment.
https://www.politico.eu/article/isra...st-day-office/
Newly inaugurated New York City Mayor Zohran Mamdani rescinded a series of executive orders on his first day in office on Thursday, including one that deemed anti-Zionist rhetoric as antisemitic.
His predecessor, Eric Adams, signed the order adopting the International Holocaust Remembrance Alliance's definition of antisemitism, which includes clauses in its definition such as "Denying the Jewish people their right to self-determination, e.g., by claiming that the existence of a State of Israel is a racist endeavor," and "Accusing Jewish citizens of being more loyal to Israel, or to the alleged priorities of Jews worldwide, than to the interests of their own nations."
Other clauses include "Accusing the Jews as a people, or Israel as a state, of inventing or exaggerating the Holocaust," "Drawing comparisons of contemporary Israeli policy to that of the Nazis," or "Holding Jews collectively responsible for actions of the state of Israel."
https://www.jpost.com/diaspora/antis...article-882099
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