WVU Posted January 19, 2015 Report Share Posted January 19, 2015 what loophole is he trying to close? lots of hot air in this thread, but no one can answer my question? Quote Link to comment Share on other sites More sharing options...
Cee Posted January 19, 2015 Report Share Posted January 19, 2015 lots of hot air in this thread, but no one can answer my question? The centerpiece of the plan, described by administration officials on the condition of anonymity ahead of the president’s speech, would eliminate what Mr. Obama’s advisers call the “trust-fund loophole,†a provision governing inherited assets that shields hundreds of billions of dollars from taxation each year. The plan would also increase the top capital-gains tax rate, to 28 percent from 23.8 percent, for couples with incomes above $500,000 annually. Quote Link to comment Share on other sites More sharing options...
WVU Posted January 19, 2015 Report Share Posted January 19, 2015 Thanks Cee. I have no problem with that plan, but zero chance he gets something like that passed Quote Link to comment Share on other sites More sharing options...
Cee Posted January 19, 2015 Report Share Posted January 19, 2015 Thanks Cee. I have no problem with that plan' date=' but zero chance he gets something like that passed[/quote'] Exactly Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted January 19, 2015 Report Share Posted January 19, 2015 The centerpiece of the plan, described by administration officials on the condition of anonymity ahead of the president’s speech, would eliminate what Mr. Obama’s advisers call the “trust-fund loophole,†a provision governing inherited assets that shields hundreds of billions of dollars from taxation each year. The plan would also increase the top capital-gains tax rate, to 28 percent from 23.8 percent, for couples with incomes above $500,000 annually. closing that "loophole" would result in a ridiculously high tax burden... let's say a guy dies with $100 million in stock that he paid $5 million for. so the estate pays $45 million and the heirs pay another $35 million in income taxes (federal and state) because they would now get no step-up in basis. hmmm... $80 million in taxes on $100 million of inheritance sure seems fair! but the common man says YEAH LET'S CLOSE THIS LOOPHOLE Quote Link to comment Share on other sites More sharing options...
StayGolden Posted January 19, 2015 Report Share Posted January 19, 2015 Top 1% of taxpayers pay 38% of Federal taxes. Top 5% pays 59%. Not enough says the socialist deadbeat faction of the TGF gambling community. This is the genius of the Republican party. They have dipshits like this who vote against their own economic interest, and do the bidding of corporations and millionaire/ billionaires. Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted January 19, 2015 Report Share Posted January 19, 2015 This is worse than the GB loss, fuk everything Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted January 19, 2015 Report Share Posted January 19, 2015 cry me a river over a guy making 40 million a year and bitching about the taxes he pays these guys should be paying 90% minimumwhy??? Quote Link to comment Share on other sites More sharing options...
sleepy Posted January 19, 2015 Report Share Posted January 19, 2015 This is the genius of the Republican party. They have dipshits like this who vote against their own economic interest, and do the bidding of corporations and millionaire/ billionaires. lmao another guy believing in the trickle down nonsense guy is getting fuked in the ass and too dumb to know it Quote Link to comment Share on other sites More sharing options...
sleepy Posted January 19, 2015 Report Share Posted January 19, 2015 why??? because these fuks don't create jobs and never did they use their money too buy politicians and make themselves richer Quote Link to comment Share on other sites More sharing options...
Blue Posted January 19, 2015 Report Share Posted January 19, 2015 because these fuks don't create jobs and never did they use their money too buy politicians and make themselves richer Who are you referring to when you say " these fuks " Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted January 19, 2015 Report Share Posted January 19, 2015 because these fuks don't create jobs and never did they use their money too buy politicians and make themselves richer You are way off base Quote Link to comment Share on other sites More sharing options...
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