And, No You Idiot - no they are not being double taxed. They have made investments that they are supposed to have made many years ago ... the returns from that are what they are paying capital gains tax on.

sorry,  but I don't speak stupid; could you re-phrase that.

RMoney lied about it and he paid cap gains on all of it.

Lied about what? what he paid in taxes? is that what you are trying to say?

RMoney has been gutting companies ...

so when president hopey gives tax payer money (not even his own) to GM and the first thing they do is cut dealers so they lower expenses, that's different from a private venture capitalist in what way?

Talk about "Legitimate rape" and "abortions" and gay rights, that's what you know.

pretty sure you can do a search and not find a single time I mentioned legitimate rape....

You know nothing about this tax crap.

I (and no one else on here) can even begin to figure out what you are trying to say your position is.

OK on the point of capital gains being double taxation -

That is a possibility in some cases. Like here - you use post tax money to make payments on your house.
The principal is paid with post tax $. Pre tax for interest cos that gets written off.
When the house goes up in value - and here there is inflation which was why this used to be 15 years. This was the classic case for capital gains cos you have paid for it with post tax $ and the proceeds should there fore be taxed lower. Long term capital gains. Now its not 15 years any more its 3.

However Investment returns are not under capital gains for this reason at all. The reason investment returns qualify for capital gains because investment spurs industry and job creation. However returns on investment is what is taxed at all - not the investment itself. And Your subsequent sale of the investment and profit if made are capital gains if held for 3 years. The returns - the dividends are straight income and should be taxed as such ... unless they are something called a qualified income.

Anyone who says he's an investor which RMoney is but has no dividend taxed at the income tax rate, and has nothing but capital gains, is lying.

Case in point:
Warren Buffet: He has tons of investments, he sells and buys etc etc. All profits there of are capital gains. Clean 15% on it.
However those investments paid him a dividend. Income tax @ the top rate. So 17.4% effective rate ... he paid 35% on some of it and 15% on the rest for 17.4.

So 15% is complete bogus for an investor. RMoney is lying. Simple.

Cool.
Srinath.

Lets talk about the rich not paying taxes. Have you heard the latest. There's a huge oceanliner parked right outside our international waters off the coast of California. All the rooms were booked before the ship was completed. There's a ferry that runs to LA every morning and returns every evening. They're doing and running their business but since theoretically they don't reside in the US, thus they pay no taxes. Its amazing to me the ideas these bastards can come up with these ideas to sh!t us and our country.

Lets talk about the rich not paying taxes. Have you heard the latest. There's a huge oceanliner parked right outside our international waters off the coast of California. All the rooms were booked before the ship was completed. There's a ferry that runs to LA every morning and returns every evening. They're doing and running their business but since theoretically they don't reside in the US, thus they pay no taxes. Its amazing to me the ideas these bastards can come up with these ideas to sh!t us and our country.

I'm calling BS on that Midnight. Cough up the details.

WebsterMark wrote on 04/26/13 at 07:25:14:


I didn't say anything about Akin ? ... I only suggested you should go back to one/more/all of Abortion, rape legitimate or otherwise and gays.

Oddly I am with you on Abortion ... so there you're already ahead.
Cool.
Srinath.

WebsterMark wrote on 04/26/13 at 07:26:03:

Plans for floating city off California coast to house entrepreneurs ...



Plans-floating-city-California-coast-house-entrepre...

Dec 16, 2011 – Silicon dreams: Plans revealed for floating city off coast of California to .... their ideas and ultimately the jobs that they create and the taxes that they pay. I was wrong about one thing, its not completed yet but its coming. Peter Thiel, the billionnaire founder of PayPal — and a noted libertarian, is Blueseed’s principal financial backer.

That's never going to happen Midnight.

WebsterMark wrote on 04/28/13 at 20:26:43:

Argue with the news media and quit calling me a liar. I'm passing alone what they print. Every rich man is searching for loopholes in the taxes, legal or illegal. How many of them have overseas accounts in that little house in the Caymans like Romney does. With Mr PayPal behind it chances are it will become a reality. The money is there, the legal loopholes are being worked out. We're behind according to Sri, they're being built all over the world.