Official LRC President Donald J Trump Thread

not a good deal wrote:

Racket wrote:

Even though you're generally a repulsive troll, I'll hope on board this train with you. People rail against the stock market like they aren't invited and free to dump their money in and ride the wave. Yeah, you won't get as much as the "super rich" but you get to be on the same team as them. Pretty good deal if you ask me

Not many people are in the stock market.

About 54% of working Americans are invested in some form in the stock market. This is down from 62% before the market crash in 2008. Unless millennials change their minds about it, this number will continue to drop as they aren't big into investing in the market, and older people who are will die off.

Flagpole wrote:

Fat hurts wrote:

This "triple taxation" is a myth.

As long as you hold for more than a year, capital gains are taxed at a lower rate than ordinary income. So a wealthy person who makes money from capital gains pays a lower rate than someone like me who gets most of his income from working.

When the tax code is used to artificially inflate the value of a company, the wealthy person gets even more income, which again, is taxed at a lower rate than my income. And ordinary taxpayers like you and me are footing the bill for the wealthy person to make even more money by owning stock.

In the case that a stock lost value, the wealthy person can just use that loss to offset his capital gains. So that reduces his tax burden even more.

This is correct.

Thanks for pointing out something that 5-6 people have done already, dude.

Do try to keep up.

Obvi wrote:

Obvi wrote:

No offense but your post is even more stupid than those of Sally.

The rules are the rules - you play within them (assuming that you are not a criminal). Playing well within the rules does NOT disqualify you from pointing out that the rules are unfair.

Now please try not to post such profound stupidity in the future.

Thanks!

But it does make you a hypocrite.

Actually, no, it doesn't.

Perhaps you should familiarize yourself with the English language. Until then, please try to refrain from continuing to advertise your stupidity.

Thanks!

Can you stop with this IDIOTIC mantra.

It is NOT difficult to buy a house right now.

Flagpole wrote:

not a good deal wrote:

Not many people are in the stock market.

About 54% of working Americans are invested in some form in the stock market. This is down from 62% before the market crash in 2008. Unless millennials change their minds about it, this number will continue to drop as they aren't big into investing in the market, and older people who are will die off.

You are really missing out not being in the stock market. Especially you younger ladies and guys. The market has returned annually about 10% (11% if considering dividends) historically and there is no other investment that comes anywhere close. I think the NASDAQ might be up close to 30% since around Christmas. You 20-year-olds just put 5k or so in the market and watch that 5k double (on average if the historical returns are matched) every 7 years.

Racket wrote:

Flagpole wrote:

Biden will be 78 though in November 2020. That's pretty old to be starting a first term. I've had several diehard Democrats who like Biden say to me that they are concerned about his age. It is not an insignificant issue.

Flagpole, you better get these people back on track. I think they've all forgotten who is coming and who is done.

Oh man...you are so right. I apologize unreservedly for not living up to my responsibilities. I hope this hasn't caused you or anyone else here any undue angst.

I will just get right to it.

Listen up people!

Mueller is coming.

The clown is done.

Hypocrates wrote:

Fat hurts wrote:

That's exactly what I have done. While most of my friends invested in McMansions, I bought a modest home and plowed everything I could into the stock market.

Now my stock portfolio is worth several times what a McMansion would cost. And I owe it all to the favorable tax treatment of corporate wealth.

So you rail against the inequities of the tax policy, but take full advantage of it.

"I tell my slaves how evil slavery is all the time."

There is nothing immoral about making good investments.

The immoral part is the tax law, which I speak out against and vote against.

Flagpole wrote:

Racket wrote:

Flagpole, you better get these people back on track. I think they've all forgotten who is coming and who is done.

Oh man...you are so right. I apologize unreservedly for not living up to my responsibilities. I hope this hasn't caused you or anyone else here any undue angst.

I will just get right to it.

Listen up people!

Mueller is coming.

The clown is done.

Shouldn't the "Clown" be capitalized?

ok fine. I assumed that when you said you never received the mortgage interest deduction it meant you didn't own a home. That was a bad assumption on my part, I retract.

Fat hurts wrote:

Racket wrote:

Here's a novel idea : if you think owning stock is such a lucrative get rich quick deal then why don't you go out and buy some.

That's exactly what I have done. While most of my friends invested in McMansions, I bought a modest home and plowed everything I could into the stock market.

Now my stock portfolio is worth several times what a McMansion would cost. And I owe it all to the favorable tax treatment of corporate wealth.

This is how is started for me as well except that initially we rented for the first ~10 years of our marriage. The reason was that my wife was getting graduate degrees from Stanford and then the University of Michigan, and in the case of Stanford, we couldn't buy a decent home in that area with what we were making at the time, and in the case of Michigan, while Ann Arbor is a great town, we weren't going to settle there anyway. So, after a bit of time working in Washington DC and then finally buying a house in Ohio when I was 32, we had been very heavily investing in the stock market up until then. Worked out well for us.

People can’t be too upset about taxes if trump got a fair number of votes; a man who wouldn’t release his taxes.

Fat hurts wrote:

Hypocrates wrote:

So you rail against the inequities of the tax policy, but take full advantage of it.

"I tell my slaves how evil slavery is all the time."

There is nothing immoral about making good investments.

The immoral part is the tax law, which I speak out against and vote against.

I assume you pay extra taxes or give this immoral gain to charity? Surely, you don't keep it to yourself.

Racket wrote:

agip wrote:

I've got loads of integrity.

If someone is middle class, meaning making in the 60k-$100k zone, he or she can afford a house. Maybe not a great house, maybe not in a great area, but a house. Generally, you can afford a house that is 2.5x your salary. Buying a house in the $125,000-$250,000 range is not crazy. The average house is $275k,with massive regional variety.

So yeah, middle class can buy a house.

As for your personal sitch...if you make over $100k and you think you can't afford a house, I'd look in a mirror for the problem, not at the tax code.

I don't think you really understand how hard it is to buy a house right now for a lot of middle class people, especially (dare I even say it) millennials.

!

I'm sure in LA, NYC, SF etc it is very difficult to afford a home. Elsewhere...not so much.

Racket wrote:

Brain Drain wrote:

If you added the IQs of SallyVix and Racket, you may get to triple digits. It would be close.

My IQ is like Flagpole's biceps : the biggest and most impressive ever.

Ok...I have no comment on your IQ (how could I?), but to be clear, I have never said my biceps are the biggest and most impressive ever...only that they are HUGE...and they are.

Superseriously wrote:

Flagpole wrote:

Oh man...you are so right. I apologize unreservedly for not living up to my responsibilities. I hope this hasn't caused you or anyone else here any undue angst.

I will just get right to it.

Listen up people!

Mueller is coming.

The clown is done.

Shouldn't the "Clown" be capitalized?

What happens when House Democrats soon tire of the Trump investigations (understanding it will go nowhere and the American public is already weary of it) and know that Trump - even if impeached - will never be removed from office and his popularity will soar like Bill Clinton's did after impeachment - what will everyone do? Will MSNBC have to cover real news again? Will CNN not be interviewing Eric Swalwell and instead have to have legit new stories on their program again? Will Adam Schiff have to do actual Congressional work? The next year is going to be a doozie.

Sally Vix wrote:

Superseriously wrote:

Shouldn't the "Clown" be capitalized?

What happens when House Democrats soon tire of the Trump investigations (understanding it will go nowhere and the American public is already weary of it) and know that Trump - even if impeached - will never be removed from office and his popularity will soar like Bill Clinton's did after impeachment - what will everyone do? Will MSNBC have to cover real news again? Will CNN not be interviewing Eric Swalwell and instead have to have legit new stories on their program again? Will Adam Schiff have to do actual Congressional work? The next year is going to be a doozie.

Speaking of Adam Schiff...whatever happened to that proof of collusion he trumpeted about for so long?

Sally Vix wrote:

Obvi wrote:

Wow, you really ARE that dumb.

Money earned by working - Taxed once. NOT taxed again as a dividend.

Dividend - Taxed once. NOT taxed again as a capital gain.

Capital gain - Taxed once. NOT taxed again.

OMG, you are the village idiot!

I had a bad day, dude. I had one B in college. Yeah - I am an idiot.

I agree that you are not an idiot. Your decent ability to communicate shows that you are not an idiot. You are just ignorant on topics for which you believe yourself to be well-educated. No shame in that. I know nothing about clog dancing, so I don't comment on clog dancing...other than to say I know nothing about it.

To deduct a loss from real estate you have to sell the property. Can you deduct a decrease in the value of your house from your income? Commercial real estate is no different. The property value can be reduced for the calculation of property taxes, but it has to be approved by the taxing authority.

Speaking of the House wrote:

Sally Vix wrote:

What happens when House Democrats soon tire of the Trump investigations (understanding it will go nowhere and the American public is already weary of it) and know that Trump - even if impeached - will never be removed from office and his popularity will soar like Bill Clinton's did after impeachment - what will everyone do? Will MSNBC have to cover real news again? Will CNN not be interviewing Eric Swalwell and instead have to have legit new stories on their program again? Will Adam Schiff have to do actual Congressional work? The next year is going to be a doozie.

Speaking of Adam Schiff...whatever happened to that proof of collusion he trumpeted about for so long?

All the allegations, promulgations, assertions, blah blah blah will gently fade into the sunset ... never to be heard of again.