Tax Reform
Options
Comments
-
mrussel1 said:Halifax2TheMax said:mrussel1 said:I also found the Pro Publica article underwhelming. The concept that you don't pay income taxes until you get the income is not new or exciting. I would not want to pay taxes every year on my 401(k) and investments in which I have not recognized any gains officially. That would be brutal for most Americans. I also don't necessarily think there should be wildly different rules for different Americans either, outside of the actual marginal rate.
The place where reform WOULD make a difference is one of the methods that they use. They borrow with massive lines of credits to fund their lifestyles, and then write off the interest. That's really clever. And a loophole that could be closed.
Does it have to be either or on “unrealized gains?” Can there not be a tax on increased wealth Growth or gain, even if on paper, after a certain threshold? Bezos really needed that $4K child tax credit. What a ........, never mind.
I'm simply not sold on having to pay taxes on the growth of wealth, if unrecognized. Remember that at some point you will have to pay taxes, either through liquidation or estate taxes. The only other option is to give it to charity and in that case, I think that's better than paying taxes on it. Buffett has committed to giving away 99.5% of his fortune and has started on that path.
Charities don’t pay for roads or bridges, airports, port facilities, pandemic response, healthcare, social security, defense, higher ed, etc. You know, those things that allow these assholes to become filthy rich?09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;
Libtardaplorable©. And proud of it.
Brilliantati©0 -
And Bezos and his ilk can cash out some of their wealth growth and pay for their own damn infrastructure/relocation improvements, and pay taxes on it, rather than whine about needing state/federal government to subsidize them, all for low wage job creation. Fucking obscene.09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;
Libtardaplorable©. And proud of it.
Brilliantati©0 -
Halifax2TheMax said:mrussel1 said:Halifax2TheMax said:mrussel1 said:I also found the Pro Publica article underwhelming. The concept that you don't pay income taxes until you get the income is not new or exciting. I would not want to pay taxes every year on my 401(k) and investments in which I have not recognized any gains officially. That would be brutal for most Americans. I also don't necessarily think there should be wildly different rules for different Americans either, outside of the actual marginal rate.
The place where reform WOULD make a difference is one of the methods that they use. They borrow with massive lines of credits to fund their lifestyles, and then write off the interest. That's really clever. And a loophole that could be closed.
Does it have to be either or on “unrealized gains?” Can there not be a tax on increased wealth Growth or gain, even if on paper, after a certain threshold? Bezos really needed that $4K child tax credit. What a ........, never mind.
I'm simply not sold on having to pay taxes on the growth of wealth, if unrecognized. Remember that at some point you will have to pay taxes, either through liquidation or estate taxes. The only other option is to give it to charity and in that case, I think that's better than paying taxes on it. Buffett has committed to giving away 99.5% of his fortune and has started on that path.
Charities don’t pay for roads or bridges, airports, port facilities, pandemic response, healthcare, social security, defense, higher ed, etc. You know, those things that allow these assholes to become filthy rich?
I also don't think that even Buffet paying more in taxes at his death will be quite as impactful to society as the tax free money he could give to real, meaningful charities. But that doesn't mean I don't support reform. Like I said, the trick of using lines of credit to live enables these low rates. If Bezos spends $50MM a year to support his lifestyle, I would want a tax system where he is forced to cash out $50MM in assets and pay income taxes.0 -
Halifax2TheMax said:mrussel1 said:Halifax2TheMax said:mrussel1 said:I also found the Pro Publica article underwhelming. The concept that you don't pay income taxes until you get the income is not new or exciting. I would not want to pay taxes every year on my 401(k) and investments in which I have not recognized any gains officially. That would be brutal for most Americans. I also don't necessarily think there should be wildly different rules for different Americans either, outside of the actual marginal rate.
The place where reform WOULD make a difference is one of the methods that they use. They borrow with massive lines of credits to fund their lifestyles, and then write off the interest. That's really clever. And a loophole that could be closed.
Does it have to be either or on “unrealized gains?” Can there not be a tax on increased wealth Growth or gain, even if on paper, after a certain threshold? Bezos really needed that $4K child tax credit. What a ........, never mind.
I'm simply not sold on having to pay taxes on the growth of wealth, if unrecognized. Remember that at some point you will have to pay taxes, either through liquidation or estate taxes. The only other option is to give it to charity and in that case, I think that's better than paying taxes on it. Buffett has committed to giving away 99.5% of his fortune and has started on that path.
Charities don’t pay for roads or bridges, airports, port facilities, pandemic response, healthcare, social security, defense, higher ed, etc. You know, those things that allow these assholes to become filthy rich?
I don't agree with taxing unrealized gains...holy shit that would mean we would need to ask for refunds on unrealized losses right? There would be a whole new investment strategy created to lose money on paper to shelter income.Remember the Thomas Nine !! (10/02/2018)
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt20 -
Gern Blansten said:Halifax2TheMax said:mrussel1 said:Halifax2TheMax said:mrussel1 said:I also found the Pro Publica article underwhelming. The concept that you don't pay income taxes until you get the income is not new or exciting. I would not want to pay taxes every year on my 401(k) and investments in which I have not recognized any gains officially. That would be brutal for most Americans. I also don't necessarily think there should be wildly different rules for different Americans either, outside of the actual marginal rate.
The place where reform WOULD make a difference is one of the methods that they use. They borrow with massive lines of credits to fund their lifestyles, and then write off the interest. That's really clever. And a loophole that could be closed.
Does it have to be either or on “unrealized gains?” Can there not be a tax on increased wealth Growth or gain, even if on paper, after a certain threshold? Bezos really needed that $4K child tax credit. What a ........, never mind.
I'm simply not sold on having to pay taxes on the growth of wealth, if unrecognized. Remember that at some point you will have to pay taxes, either through liquidation or estate taxes. The only other option is to give it to charity and in that case, I think that's better than paying taxes on it. Buffett has committed to giving away 99.5% of his fortune and has started on that path.
Charities don’t pay for roads or bridges, airports, port facilities, pandemic response, healthcare, social security, defense, higher ed, etc. You know, those things that allow these assholes to become filthy rich?
I don't agree with taxing unrealized gains...holy shit that would mean we would need to ask for refunds on unrealized losses right? There would be a whole new investment strategy created to lose money on paper to shelter income.0 -
I definitely see a need to jack up the tax rates on the wealthy. I'm not sure where the cutoff would be but maybe $500K and above?
Wealthy people pay a ridiculously low rate right now and anyone who still believes in "trickle down" is full of shit.Remember the Thomas Nine !! (10/02/2018)
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt20 -
Gern Blansten said:Halifax2TheMax said:mrussel1 said:Halifax2TheMax said:mrussel1 said:I also found the Pro Publica article underwhelming. The concept that you don't pay income taxes until you get the income is not new or exciting. I would not want to pay taxes every year on my 401(k) and investments in which I have not recognized any gains officially. That would be brutal for most Americans. I also don't necessarily think there should be wildly different rules for different Americans either, outside of the actual marginal rate.
The place where reform WOULD make a difference is one of the methods that they use. They borrow with massive lines of credits to fund their lifestyles, and then write off the interest. That's really clever. And a loophole that could be closed.
Does it have to be either or on “unrealized gains?” Can there not be a tax on increased wealth Growth or gain, even if on paper, after a certain threshold? Bezos really needed that $4K child tax credit. What a ........, never mind.
I'm simply not sold on having to pay taxes on the growth of wealth, if unrecognized. Remember that at some point you will have to pay taxes, either through liquidation or estate taxes. The only other option is to give it to charity and in that case, I think that's better than paying taxes on it. Buffett has committed to giving away 99.5% of his fortune and has started on that path.
Charities don’t pay for roads or bridges, airports, port facilities, pandemic response, healthcare, social security, defense, higher ed, etc. You know, those things that allow these assholes to become filthy rich?
I don't agree with taxing unrealized gains...holy shit that would mean we would need to ask for refunds on unrealized losses right? There would be a whole new investment strategy created to lose money on paper to shelter income.
From the Propublica report:
However, the bigger and more eye-catching news was what ProPublica found, or at least confirmed. Looking at the 25 richest Americans, whose collective worth rose by $401 billion between 2014 and 2018, the report found:They paid a total of $13.6 billion in federal income taxes in those five years, the IRS data shows. That’s a staggering sum, but it amounts to a true tax rate of only 3.4%.It’s a completely different picture for middle-class Americans, for example, wage earners in their early 40s who have amassed a typical amount of wealth for people their age. From 2014 to 2018, such households saw their net worth expand by about $65,000 after taxes on average, mostly due to the rise in value of their homes. But because the vast bulk of their earnings were salaries, their tax bills were almost as much, nearly $62,000, over that five-year period.
Opinion | Here’s Exhibit A for dramatic tax reform - The Washington Post
Remember, 50% of 'Muricans aren't in the stock market in any form and are mostly taxed on earned income from wages. The skewedness needs to be skewed in another direction. Bezos could pay twice as much in taxes, if he paid what he should, and still not even feel it.
To the bold, no but one would think that credit would be capped at some income level or he'd have it in his heart and tell his accountant to refuse it or promptly donate a like sum to the US Treasury. Or maybe pay his employees more per hour or provide better health plans or something.09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;
Libtardaplorable©. And proud of it.
Brilliantati©0 -
Halifax2TheMax said:Gern Blansten said:Halifax2TheMax said:mrussel1 said:Halifax2TheMax said:mrussel1 said:I also found the Pro Publica article underwhelming. The concept that you don't pay income taxes until you get the income is not new or exciting. I would not want to pay taxes every year on my 401(k) and investments in which I have not recognized any gains officially. That would be brutal for most Americans. I also don't necessarily think there should be wildly different rules for different Americans either, outside of the actual marginal rate.
The place where reform WOULD make a difference is one of the methods that they use. They borrow with massive lines of credits to fund their lifestyles, and then write off the interest. That's really clever. And a loophole that could be closed.
Does it have to be either or on “unrealized gains?” Can there not be a tax on increased wealth Growth or gain, even if on paper, after a certain threshold? Bezos really needed that $4K child tax credit. What a ........, never mind.
I'm simply not sold on having to pay taxes on the growth of wealth, if unrecognized. Remember that at some point you will have to pay taxes, either through liquidation or estate taxes. The only other option is to give it to charity and in that case, I think that's better than paying taxes on it. Buffett has committed to giving away 99.5% of his fortune and has started on that path.
Charities don’t pay for roads or bridges, airports, port facilities, pandemic response, healthcare, social security, defense, higher ed, etc. You know, those things that allow these assholes to become filthy rich?
I don't agree with taxing unrealized gains...holy shit that would mean we would need to ask for refunds on unrealized losses right? There would be a whole new investment strategy created to lose money on paper to shelter income.
From the Propublica report:
However, the bigger and more eye-catching news was what ProPublica found, or at least confirmed. Looking at the 25 richest Americans, whose collective worth rose by $401 billion between 2014 and 2018, the report found:They paid a total of $13.6 billion in federal income taxes in those five years, the IRS data shows. That’s a staggering sum, but it amounts to a true tax rate of only 3.4%.It’s a completely different picture for middle-class Americans, for example, wage earners in their early 40s who have amassed a typical amount of wealth for people their age. From 2014 to 2018, such households saw their net worth expand by about $65,000 after taxes on average, mostly due to the rise in value of their homes. But because the vast bulk of their earnings were salaries, their tax bills were almost as much, nearly $62,000, over that five-year period.
Opinion | Here’s Exhibit A for dramatic tax reform - The Washington Post
Remember, 50% of 'Muricans aren't in the stock market in any form and are mostly taxed on earned income from wages. The skewedness needs to be skewed in another direction. Bezos could pay twice as much in taxes, if he paid what he should, and still not even feel it.
To the bold, no but one would think that credit would be capped at some income level or he'd have it in his heart and tell his accountant to refuse it or promptly donate a like sum to the US Treasury. Or maybe pay his employees more per hour or provide better health plans or something.
Remember the Thomas Nine !! (10/02/2018)
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt20 -
Gern Blansten said:Halifax2TheMax said:Gern Blansten said:Halifax2TheMax said:mrussel1 said:Halifax2TheMax said:mrussel1 said:I also found the Pro Publica article underwhelming. The concept that you don't pay income taxes until you get the income is not new or exciting. I would not want to pay taxes every year on my 401(k) and investments in which I have not recognized any gains officially. That would be brutal for most Americans. I also don't necessarily think there should be wildly different rules for different Americans either, outside of the actual marginal rate.
The place where reform WOULD make a difference is one of the methods that they use. They borrow with massive lines of credits to fund their lifestyles, and then write off the interest. That's really clever. And a loophole that could be closed.
Does it have to be either or on “unrealized gains?” Can there not be a tax on increased wealth Growth or gain, even if on paper, after a certain threshold? Bezos really needed that $4K child tax credit. What a ........, never mind.
I'm simply not sold on having to pay taxes on the growth of wealth, if unrecognized. Remember that at some point you will have to pay taxes, either through liquidation or estate taxes. The only other option is to give it to charity and in that case, I think that's better than paying taxes on it. Buffett has committed to giving away 99.5% of his fortune and has started on that path.
Charities don’t pay for roads or bridges, airports, port facilities, pandemic response, healthcare, social security, defense, higher ed, etc. You know, those things that allow these assholes to become filthy rich?
I don't agree with taxing unrealized gains...holy shit that would mean we would need to ask for refunds on unrealized losses right? There would be a whole new investment strategy created to lose money on paper to shelter income.
From the Propublica report:
However, the bigger and more eye-catching news was what ProPublica found, or at least confirmed. Looking at the 25 richest Americans, whose collective worth rose by $401 billion between 2014 and 2018, the report found:They paid a total of $13.6 billion in federal income taxes in those five years, the IRS data shows. That’s a staggering sum, but it amounts to a true tax rate of only 3.4%.It’s a completely different picture for middle-class Americans, for example, wage earners in their early 40s who have amassed a typical amount of wealth for people their age. From 2014 to 2018, such households saw their net worth expand by about $65,000 after taxes on average, mostly due to the rise in value of their homes. But because the vast bulk of their earnings were salaries, their tax bills were almost as much, nearly $62,000, over that five-year period.
Opinion | Here’s Exhibit A for dramatic tax reform - The Washington Post
Remember, 50% of 'Muricans aren't in the stock market in any form and are mostly taxed on earned income from wages. The skewedness needs to be skewed in another direction. Bezos could pay twice as much in taxes, if he paid what he should, and still not even feel it.
To the bold, no but one would think that credit would be capped at some income level or he'd have it in his heart and tell his accountant to refuse it or promptly donate a like sum to the US Treasury. Or maybe pay his employees more per hour or provide better health plans or something.09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;
Libtardaplorable©. And proud of it.
Brilliantati©0 -
Where do you report your 401k balance and gain/loss on your return? You don'tRemember the Thomas Nine !! (10/02/2018)
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt20 -
Gern Blansten said:Where do you report your 401k balance and gain/loss on your return? You don'tWhat are all those 1099 forms I receive for?09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;
Libtardaplorable©. And proud of it.
Brilliantati©0 -
Halifax2TheMax said:Gern Blansten said:Where do you report your 401k balance and gain/loss on your return? You don'tWhat are all those 1099 forms I receive for?
Not going to happenRemember the Thomas Nine !! (10/02/2018)
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt20 -
Gern Blansten said:Halifax2TheMax said:Gern Blansten said:Where do you report your 401k balance and gain/loss on your return? You don'tWhat are all those 1099 forms I receive for?
Not going to happen
There are other options. We had the AMT for years, for this very reason. But it was set up to catch upper class households that were falling through the gaps. Maybe it needs to be re-tooled for the ultra rich.
I don't like the idea of taxing unrecognized value. It's complex, it's cumbersome, and it's not real until you liquidate it. But as I said earlier, closing the loopholes that allow people to live on loans would force them to liquidate to live, while not being able to write it all off.0 -
Gern Blansten said:Halifax2TheMax said:Gern Blansten said:Where do you report your 401k balance and gain/loss on your return? You don'tWhat are all those 1099 forms I receive for?
Not going to happen
Your toenail collection isn’t worth shit, BTW.09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;
Libtardaplorable©. And proud of it.
Brilliantati©0 -
You think you know someone, and then one day you find out they have a toenail fetish.my small self... like a book amongst the many on a shelf0
-
I want to bring up the Capital Gains increase. All the new people playing in the stock market made the Govt see a new cash cow and they decided to up the margin.
Anytime there is a new way of making revenues like ebay, FB, Robin Hood, etc, the govt want to make sure they get a cut so that the everyday people get penalized.
The raise is to be DOUBLED!!!
This aims directly at the middle class and below. Where are the Tax the rich people on this?0 -
tempo_n_groove said:I want to bring up the Capital Gains increase. All the new people playing in the stock market made the Govt see a new cash cow and they decided to up the margin.
Anytime there is a new way of making revenues like ebay, FB, Robin Hood, etc, the govt want to make sure they get a cut so that the everyday people get penalized.
The raise is to be DOUBLED!!!
This aims directly at the middle class and below. Where are the Tax the rich people on this?0 -
mrussel1 said:tempo_n_groove said:I want to bring up the Capital Gains increase. All the new people playing in the stock market made the Govt see a new cash cow and they decided to up the margin.
Anytime there is a new way of making revenues like ebay, FB, Robin Hood, etc, the govt want to make sure they get a cut so that the everyday people get penalized.
The raise is to be DOUBLED!!!
This aims directly at the middle class and below. Where are the Tax the rich people on this?0 -
Halifax2TheMax said:Gern Blansten said:Halifax2TheMax said:Gern Blansten said:Where do you report your 401k balance and gain/loss on your return? You don'tWhat are all those 1099 forms I receive for?
Not going to happen
Your toenail collection isn’t worth shit, BTW.
Plus...taxing unrealized gains provides no means for paying the tax. If I have $200K to invest and it's worth $1mil at year end I don't have any cash to pay the tax on the gain.Remember the Thomas Nine !! (10/02/2018)
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt20 -
Gern Blansten said:Halifax2TheMax said:Gern Blansten said:Halifax2TheMax said:Gern Blansten said:Where do you report your 401k balance and gain/loss on your return? You don'tWhat are all those 1099 forms I receive for?
Not going to happen
Your toenail collection isn’t worth shit, BTW.
Plus...taxing unrealized gains provides no means for paying the tax. If I have $200K to invest and it's worth $1mil at year end I don't have any cash to pay the tax on the gain.hippiemom = goodness0
Categories
- All Categories
- 148.8K Pearl Jam's Music and Activism
- 110K The Porch
- 273 Vitalogy
- 35K Given To Fly (live)
- 3.5K Words and Music...Communication
- 39.1K Flea Market
- 39.1K Lost Dogs
- 58.6K Not Pearl Jam's Music
- 10.6K Musicians and Gearheads
- 29.1K Other Music
- 17.8K Poetry, Prose, Music & Art
- 1.1K The Art Wall
- 56.7K Non-Pearl Jam Discussion
- 22.2K A Moving Train
- 31.7K All Encompassing Trip
- 2.9K Technical Stuff and Help