NDL Forum

brwnbear wrote:

Shiftdnb wrote:Riccio, do you get taxed if you have investments in companies?

Only if they :
- pay dividends, alot of companies don't
- only if you make a profit and sell the investment. Holding a stock, like having buying a house, does not result in a tax.

Shiftdnb wrote:

brwnbear wrote:

Shiftdnb wrote:Riccio, do you get taxed if you have investments in companies?

Only if they :
- pay dividends, alot of companies don't
- only if you make a profit and sell the investment. Holding a stock, like having buying a house, does not result in a tax.

So google and apple don't pay dividends and make a profit?

brwnbear wrote:

Shiftdnb wrote:

brwnbear wrote:

Shiftdnb wrote:Riccio, do you get taxed if you have investments in companies?

Only if they :
- pay dividends, alot of companies don't
- only if you make a profit and sell the investment. Holding a stock, like having buying a house, does not result in a tax.

So google and apple don't pay dividends and make a profit?

They make a profit (and pay corporate tax)
they do not pay dividends

Shiftdnb wrote:

brwnbear wrote:

Shiftdnb wrote:

brwnbear wrote:

Shiftdnb wrote: Top 1% Wealth NOT Income

Federal income taxes doesnt tax wealth, it taxes income. I can have $100M in real estate, own a $1B company (and not take a salary), own $20 Billion in Google and Apple, have $20M in a non interest bearing savings account and I wont have any taxable income.

Earlier when I was talking to you about paying more taxes percentagewise this is what I was talking about, you're still taxed but it's taxed considerably lower than what someone with just job income would make so when you take into account all taxes paid.

The example i provided does not include any income. There is no income. If I have 1B stuffed in my couch, how can you tax my income? I dont have any. If there is no income, there can be no tax. The only way to extract more from this scenario is if you have a few police officers go into someones home and start taking stuff because they have to much.

You would have money coming in with your example. Now if you had it in your couch then you wouldn't but your specific example was you owned a company but didn't take income. You're still going to see money from that investment. If you own 20 billion in google and apple you're going to see a return on that investment that will be taxed. As for having 20 Million in a non interest bearing account why the fuck would you do that when the FDIC only insures up to 250,000

Uuaww wrote:shit i missed this topic, can I get shelnotes?

DRiccio21 wrote:you've lost me.

i make a 40 million bucks. i put 20 mil into apple, 20 mil into google.

i'm taxed when i earn the 40 mil. when i buy apple and google, thats using after tax money. i sit on those positions until i die, i'm never taxed on them. if i sell them at any point for a profit, i pay a capital gains tax on it.

'Occupy Wall Street' -- It's Not What They're for, But What They're Against

By Sally Kohn

Published October 14, 2011

| FoxNews.com

Critics of the growing Occupy Wall Street movement complain that the protesters don’t have a policy agenda and, therefore, don’t stand for anything. They're wrong. The key isn’t what protesters are for but rather what they’re against -- the gaping inequality that has poisoned our economy, our politics and our nation.

In America today, 400 people have more wealth than the bottom 150 million combined. That’s not because 150 million Americans are pathetically lazy or even unlucky. In fact, Americans have been working harder than ever -- productivity has risen in the last several decades. Big business profits and CEO bonuses have also gone up. Worker salaries, however, have declined.

Most of the Occupy Wall Street protesters aren’t opposed to free market capitalism. In fact, what they want is an end to the crony capitalist system now in place, that makes it easier for the rich and powerful to get even more rich and powerful while making it increasingly hard for the rest of us to get by. The protesters are not anti-American radicals. They are the defenders of the American Dream, the decision from the birth of our nation that success should be determined by hard work not royal bloodlines.

Sure, bank executives may work a lot harder than you and me or a mother of three doing checkout at a grocery store. Maybe the bankers work ten times harder. Maybe even a hundred times harder. But they’re compensated a thousand times more.

The question is not how Occupy Wall Street protesters can find that gross discrepancy immoral. The question is why every one of us isn’t protesting with them.

According to polls, most Americans support the 99% movement, even if they’re not taking to the streets. In fact, support for the Occupy Wall Street protests is not only higher than for either political party in Washington but greater than support for the Tea Party. And unlike the Tea Party which was fueled by national conservative donors and institutions, the Occupy Wall Street Movement is spreading organically from Idaho to Indiana. Institutions on the left, including unions, have been relatively late to the game.

Ironically, the original Boston Tea Party activists would likely support Occupy Wall Street more as well. Note that the original Tea Party didn’t protest taxes, merely the idea of taxation without representation -- and they were actually protesting the crown-backed monopoly of the East India Company, the main big business of the day.

Americans today also support taxes. In fact, two-thirds of voters -- including a majority of Republicans -- support increasing taxes on the rich, something the Occupy Wall Street protests implicitly support. That’s not just anarchist lefty kids. Soccer moms and construction workers and, yes, even some bankers want to see our economy work for the 99%, not just the 1%, and are flocking to Occupy protests in droves.

I’ve even met a number of Libertarians and Tea Party conservatives at these protests. So the critics are right, the Occupy Wall Street movement isn’t the Tea Party. Occupy Wall Street is much, much broader.

Maybe it’s hard to see your best interests reflected in a sometimes rag-tag, inarticulate, imperfect group of protesters. But make no mistake about it: While horrendous inequality is not an American tradition, protest is.And if you’re part of the 99% of underpaid or unemployed Americans crushed in the current economy, the Occupy Wall Street protests are your best chance at fixing the broken economy that is breaking your back.

Sally Kohn is the founder and Chief Education Officer of the Movement Vision Lab, a grassroots think tank. Follow her on Twitter@sallykohn.

Uuaww wrote:shit i missed this topic, can I get shelnotes?

Seeitsaveit13 wrote:

Uuaww wrote:shit i missed this topic, can I get shelnotes?

Rabble rabble 1% rabble rabble 99% rabble rabble dave you're rich rabble rabble shift you're a socialist rabble rabble obama rabble rabble

Shiftdnb wrote:

DRiccio21 wrote:you've lost me.

i make a 40 million bucks. i put 20 mil into apple, 20 mil into google.

i'm taxed when i earn the 40 mil. when i buy apple and google, thats using after tax money. i sit on those positions until i die, i'm never taxed on them. if i sell them at any point for a profit, i pay a capital gains tax on it.

Woah before you guys go attacking me on this subject, this is where I have no clue on stocks. Why own a piece of the company if you're not sharing in the profits until you sell? By the way doing a little googling of google and apple and dividends and people are wondering why they're not paying dividends.

Also, is someone going to actually invest like this?

Shiftdnb wrote:

DRiccio21 wrote:you've lost me.

i make a 40 million bucks. i put 20 mil into apple, 20 mil into google.

i'm taxed when i earn the 40 mil. when i buy apple and google, thats using after tax money. i sit on those positions until i die, i'm never taxed on them. if i sell them at any point for a profit, i pay a capital gains tax on it.

Woah before you guys go attacking me on this subject, this is where I have no clue on stocks. Why own a piece of the company if you're not sharing in the profits until you sell? By the way doing a little googling of google and apple and dividends and people are wondering why they're not paying dividends.

Also, is someone going to actually invest like this?

Shiftdnb wrote:

DRiccio21 wrote:you've lost me.

i make a 40 million bucks. i put 20 mil into apple, 20 mil into google.

i'm taxed when i earn the 40 mil. when i buy apple and google, thats using after tax money. i sit on those positions until i die, i'm never taxed on them. if i sell them at any point for a profit, i pay a capital gains tax on it.

Woah before you guys go attacking me on this subject, this is where I have no clue on stocks. Why own a piece of the company if you're not sharing in the profits until you sell? By the way doing a little googling of google and apple and dividends and people are wondering why they're not paying dividends.

Also, is someone going to actually invest like this?

Crowes wrote:

Shiftdnb wrote:

DRiccio21 wrote:you've lost me.

i make a 40 million bucks. i put 20 mil into apple, 20 mil into google.

i'm taxed when i earn the 40 mil. when i buy apple and google, thats using after tax money. i sit on those positions until i die, i'm never taxed on them. if i sell them at any point for a profit, i pay a capital gains tax on it.

Woah before you guys go attacking me on this subject, this is where I have no clue on stocks. Why own a piece of the company if you're not sharing in the profits until you sell? By the way doing a little googling of google and apple and dividends and people are wondering why they're not paying dividends.

Also, is someone going to actually invest like this?

I dont think its really as simple as dave put it. Numerous ways around capital gains and income taxes.

Crowes wrote:

Shiftdnb wrote:

DRiccio21 wrote:you've lost me.

i make a 40 million bucks. i put 20 mil into apple, 20 mil into google.

i'm taxed when i earn the 40 mil. when i buy apple and google, thats using after tax money. i sit on those positions until i die, i'm never taxed on them. if i sell them at any point for a profit, i pay a capital gains tax on it.

Woah before you guys go attacking me on this subject, this is where I have no clue on stocks. Why own a piece of the company if you're not sharing in the profits until you sell? By the way doing a little googling of google and apple and dividends and people are wondering why they're not paying dividends.

Also, is someone going to actually invest like this?

I dont think its really as simple as dave put it. Numerous ways around capital gains and income taxes.

Shiftdnb wrote:

Crowes wrote:

Shiftdnb wrote:

DRiccio21 wrote:you've lost me.

i make a 40 million bucks. i put 20 mil into apple, 20 mil into google.

i'm taxed when i earn the 40 mil. when i buy apple and google, thats using after tax money. i sit on those positions until i die, i'm never taxed on them. if i sell them at any point for a profit, i pay a capital gains tax on it.

Woah before you guys go attacking me on this subject, this is where I have no clue on stocks. Why own a piece of the company if you're not sharing in the profits until you sell? By the way doing a little googling of google and apple and dividends and people are wondering why they're not paying dividends.

Also, is someone going to actually invest like this?

I dont think its really as simple as dave put it. Numerous ways around capital gains and income taxes.

Okay so going back to what I originally said about being taxed more percentage-wise. If someone in the 1% is paying capital gains taxes and income taxes they actually pay less in all taxes than what I pay in taxes as a percentage of their yearly all around income because basically all of my taxes are just income from my job which would be 25% not including SS and Medicare tax. Am I correct in stating that?

Shiftdnb wrote:

Crowes wrote:

Shiftdnb wrote:

DRiccio21 wrote:you've lost me.

i make a 40 million bucks. i put 20 mil into apple, 20 mil into google.

i'm taxed when i earn the 40 mil. when i buy apple and google, thats using after tax money. i sit on those positions until i die, i'm never taxed on them. if i sell them at any point for a profit, i pay a capital gains tax on it.

Woah before you guys go attacking me on this subject, this is where I have no clue on stocks. Why own a piece of the company if you're not sharing in the profits until you sell? By the way doing a little googling of google and apple and dividends and people are wondering why they're not paying dividends.

Also, is someone going to actually invest like this?

I dont think its really as simple as dave put it. Numerous ways around capital gains and income taxes.

Okay so going back to what I originally said about being taxed more percentage-wise. If someone in the 1% is paying capital gains taxes and income taxes they actually pay less in all taxes than what I pay in taxes as a percentage of their yearly all around income because basically all of my taxes are just income from my job which would be 25% not including SS and Medicare tax. Am I correct in stating that?