Official LRC President Donald J Trump Thread

The principal was already taxed and will NOT be taxed again. This "double taxation" and "triple taxation" is pure BS spouted by talk radio hosts.

The capital gains is new income and is taxed when it is realized, allowing the wealthy person to play games with the timing of income tax.

If we are talking about long term capital gains then it is taxed at a lower rate than ordinary income.

Capital gains for the wealthy should not be taxed at a lower rate than income the rest of us earn from working.

Fat Hurts - how is the "triple taxation" a myth? I have decent holdings in the stock market. Every penny I earned I paid taxes on. I have invested in the stock market throughout my life. When a company pays me a dividend I am taxed on that dividend. That is double taxation. When I sell that stock or mutual fund at a profit I am taxed a capital gains tax. That is THREE TAXES. I was taxed three times. Please explain to me how that triple taxation is a "Myth?"

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.

"Repulsive troll?" Wow. I am anything but a troll and to call me repulsive is way out of line. I am here for legitimate discourse and nothing else.

agip wrote:

Rental Rick wrote:

No offense, but you "ginormous mortgage interest deduction" is given to those who can afford to buy a home. in other words, it is one more (ginormous) tax break that excludes the bottom third of the population.

If you can't afford to buy a house you are most likely paying zero federal income tax or very little federal income tax. So yeah, you are getting a lot of free stuff the rest of us are paying for. You're welcome. Glad to do it for you.

Funny you should say that. I've been paying federal income tax for the last 25 years - anywhere from $15,000 - $50,000 in any given year. I know, peanuts for a big shot like you. But pretty sure that it isn't zero. And I haven't gotten one dime from the mortgage interest deduction.

Now, about that free stuff - would you like to send it my way? Because I'm pretty sure I haven't received any yet and I've been paying more than my fair share.

Now, an apology would be nice. But I know that you don't have the integrity to do that.

Sally Vix wrote:

Fat Hurts - how is the "triple taxation" a myth? I have decent holdings in the stock market. Every penny I earned I paid taxes on. I have invested in the stock market throughout my life. When a company pays me a dividend I am taxed on that dividend. That is double taxation. When I sell that stock or mutual fund at a profit I am taxed a capital gains tax. That is THREE TAXES. I was taxed three times. Please explain to me how that triple taxation is a "Myth?"

Because you are NOT taxed on the initial investment. You are taxed on the income EARNED above the investment.

Have you ever invested in the market? You are not even mentioned dividends. You are taxed on dividends. Why should capital gains be taxed as ordinary income when that money was already taxed? You really don't understand triple taxation.

Runningart2004 wrote:

Flagpole wrote:

As a "candidate" many voters will see Biden as too old.

I would have thought both HRC and Trump and Sanders were also too old in 2016. Apparently not.

Alan

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.

Sally Vix wrote:

not a good deal wrote:

Not many people are in the stock market.

"Repulsive troll?" Wow. I am anything but a troll and to call me repulsive is way out of line. I am here for legitimate discourse and nothing else.

Well you know what they say : if the shoe fits.

Idiot

interestedly wrote:

Sally Vix wrote:

Fat Hurts - how is the "triple taxation" a myth? I have decent holdings in the stock market. Every penny I earned I paid taxes on. I have invested in the stock market throughout my life. When a company pays me a dividend I am taxed on that dividend. That is double taxation. When I sell that stock or mutual fund at a profit I am taxed a capital gains tax. That is THREE TAXES. I was taxed three times. Please explain to me how that triple taxation is a "Myth?"

Because you are NOT taxed on the initial investment. You are taxed on the income EARNED above the investment.

Okay, I see your point. You are only taxed on the appreciation of the investment.

Thisthreadisridiculous wrote:

https://www.foxnews.com/politics/hillary-clinton-anyone-other-than-trump-would-have-been-indicted-for-obstruction

Can’t make this up!

She is the last person to talk.

Umm...was she ever President?

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.

Racket wrote:

Sally Vix wrote:

"Repulsive troll?" Wow. I am anything but a troll and to call me repulsive is way out of line. I am here for legitimate discourse and nothing else.

Well you know what they say : if the shoe fits.

Idiot

Are you 12?

Fat hurts never said that "owning stock is such a lucrative get rich quick deal".

Now please try to avoid saying such baseless stupid stuff in the future.

Thanks.

Sally Vix wrote:

Fat Hurts - how is the "triple taxation" a myth? I have decent holdings in the stock market. Every penny I earned I paid taxes on. I have invested in the stock market throughout my life. When a company pays me a dividend I am taxed on that dividend. That is double taxation. When I sell that stock or mutual fund at a profit I am taxed a capital gains tax. That is THREE TAXES. I was taxed three times. Please explain to me how that triple taxation is a "Myth?"

It's simple.

The principle you earned to buy the stock is taxed when you earn it. It is taxed once and only once.

When you get a dividend, that is income that was never taxed. You are taxed on it once and only once.

When you get capital gains, you are only taxed on the gain. That is income that was never taxed. You are taxed on it once and only once.

Triple taxation is pure BS.

Sally Vix wrote:

interestedly wrote:

Because you are NOT taxed on the initial investment. You are taxed on the income EARNED above the investment.

Okay, I see your point. You are only taxed on the appreciation of the investment.

You've been investing in the stock market all your life and you just now realized that?

Flagpole is right. You need to be quiet or just ask questions.

My apologies. You are correct.

Sally Vix wrote:

Fat Hurts - how is the "triple taxation" a myth? I have decent holdings in the stock market. Every penny I earned I paid taxes on. I have invested in the stock market throughout my life. When a company pays me a dividend I am taxed on that dividend. That is double taxation. When I sell that stock or mutual fund at a profit I am taxed a capital gains tax. That is THREE TAXES. I was taxed three times. Please explain to me how that triple taxation is a "Myth?"

Three taxes, but on three distinct piles of money. Much like saying that taxes were taken from my paycheck every week of 2018, ergo fifty-two-tuple taxation. OMG socialism!

Sally Vix wrote:

Racket wrote:

Well you know what they say : if the shoe fits.

Idiot

Are you 12?

No

Obvi 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.

Fat hurts never said that "owning stock is such a lucrative get rich quick deal".

Now please try to avoid saying such baseless stupid stuff in the future.

Thanks.

A mild exaggeration on his entire mantra, sorry for the slight hyperbole I guess.