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Post by aztec70 on Nov 15, 2010 17:34:18 GMT -8
How about unrealized capital gains? For most people that represents the majority of their assets. None of that has been taxed. Wasn't the money used to buy the asset related to the unrealized cap gains taxed in the first place? Who is taking the risk here, the govt or the individual? There are generally always two sides to everything.... Of course, my problem is not with the taxation but with how the damn money is spent but that is another story.... btw, I am pretty much a liberal..... The money used to buy the asset comes back tax free. |
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Post by aztecwin on Nov 15, 2010 17:47:13 GMT -8
Wasn't the money used to buy the asset related to the unrealized cap gains taxed in the first place? Who is taking the risk here, the govt or the individual? There are generally always two sides to everything.... Of course, my problem is not with the taxation but with how the damn money is spent but that is another story.... btw, I am pretty much a liberal..... The money used to buy the asset comes back tax free. Explain. If the money used to buy the asset was taxed, the gain will be taxed on sale at some rate. If you are saying that the tax is only on the gain, then you are correct. |
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Post by Deleted on Nov 15, 2010 19:52:20 GMT -8
Wasn't the money used to buy the asset related to the unrealized cap gains taxed in the first place? Who is taking the risk here, the govt or the individual? There are generally always two sides to everything.... Of course, my problem is not with the taxation but with how the damn money is spent but that is another story.... btw, I am pretty much a liberal..... The money used to buy the asset comes back tax free. Again, my point is the investor is risking the loss of this money, money which was already taxed, not the govt but the govt gets part of the profits.... and trust me they share far more in the profits than the losses.... my point is that things are never one sided.... If the govt. spent the money more wisely ( or simply wisely) they wouldn't need to tax so much.... but, again, there is another side to that too... |
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Post by aztec70 on Nov 16, 2010 7:47:44 GMT -8
The money used to buy the asset comes back tax free. Explain. If the money used to buy the asset was taxed, the gain will be taxed on sale at some rate. If you are saying that the tax is only on the gain, then you are correct. Yes. I am correct. You should remember that. |
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Post by aztecwin on Nov 16, 2010 11:23:24 GMT -8
Explain. If the money used to buy the asset was taxed, the gain will be taxed on sale at some rate. If you are saying that the tax is only on the gain, then you are correct. Yes. I am correct. You should remember that. Sometimes it seems we talk in circles. I can see what Stopthemadness is saying as well. Government wins out no matter what even if you do tax loss harvesting. With that 3K limit there is builtin bias on the side of government. |
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Post by aztec70 on Nov 16, 2010 11:56:47 GMT -8
The 3K limit is a pisser. It has been that for as long as I can remember. How about some adjustment for inflation.
I called my Congressman, Duncan Hunter, and suggested they let us take our capital losses in full. He did not return my call. ;D
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Post by waztec on Nov 18, 2010 18:11:31 GMT -8
No, we are NOT all dependent. Not as adults. That would be sad. We should all strive to be as independent as possible so as not to drag others down. I owe nothing that I have to anyone else. No one in government did diddly-poo (copyright Jim Mora) to get me anything in life, and that's just fine by me. You cannot take geniune pride in accomplishments if they are not your accomplishments. Period. It's just a philosophical difference. Conservatives don't want the government involved in their lives any more than is absolutely necessary. Conservatives have a strong independent streak that goes back to the ideals of the founding fathers. Conservatives believe in much of what JFK said about asking not what your country can do for you, only they have a different ending - ask what you can do for yourself. If we all do for ourselves and take responsibility for our actions we will have a much stronger country with much hardier, more resilient people. The kind of people that built this country in the first place. You are so bound by your ideology that you cannot acknowledge what is true. So, if you are so results oriented and think personal accomplishment is so easy, practice what you preach. Prove it. You can talk to me about personal accomplishment when you have obtained a college degree. Go get one, then you can tell me how easy it is and how anyone can do it and how I don't know reality. And I will buy you dinner if you do it. I also hope that you have my advantage. You'll need it. |
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Post by The Aztec Panther on Nov 19, 2010 6:41:02 GMT -8
No, we are NOT all dependent. Not as adults. That would be sad. We should all strive to be as independent as possible so as not to drag others down. I owe nothing that I have to anyone else. No one in government did diddly-poo (copyright Jim Mora) to get me anything in life, and that's just fine by me. You cannot take geniune pride in accomplishments if they are not your accomplishments. Period. It's just a philosophical difference. Conservatives don't want the government involved in their lives any more than is absolutely necessary. Conservatives have a strong independent streak that goes back to the ideals of the founding fathers. Conservatives believe in much of what JFK said about asking not what your country can do for you, only they have a different ending - ask what you can do for yourself. If we all do for ourselves and take responsibility for our actions we will have a much stronger country with much hardier, more resilient people. The kind of people that built this country in the first place. You are so bound by your ideology that you cannot acknowledge what is true. So, if you are so results oriented and think personal accomplishment is so easy, practice what you preach. Prove it. You can talk to me about personal accomplishment when you have obtained a college degree. Go get one, then you can tell me how easy it is and how anyone can do it and how I don't know reality. And I will buy you dinner if you do it. I also hope that you have my advantage. You'll need it. I'm WAAAAAY too old and have too many responsibilities to be able to get a degree now. If I were still 20 it would be no problem, but I'm not, so it isn't going to happen. I had my shot and made some bad decisions that cost me my chance to get a degree. I'm doing OK, though, so I can't complain. Notice I'm not blaming anyone else, and I'm not asking for handouts from the government... |
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Post by aztec70 on Nov 19, 2010 9:55:56 GMT -8
You are so bound by your ideology that you cannot acknowledge what is true. So, if you are so results oriented and think personal accomplishment is so easy, practice what you preach. Prove it. You can talk to me about personal accomplishment when you have obtained a college degree. Go get one, then you can tell me how easy it is and how anyone can do it and how I don't know reality. And I will buy you dinner if you do it. I also hope that you have my advantage. You'll need it. I'm WAAAAAY too old and have too many responsibilities to be able to get a degree now. If I were still 20 it would be no problem, but I'm not, so it isn't going to happen. I had my shot and made some bad decisions that cost me my chance to get a degree. I'm doing OK, though, so I can't complain. Notice I'm not blaming anyone else, and I'm not asking for handouts from the government... You are not too old. Working adults getting their degree is nothing new or unheard of. That is what night school is all about. |
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Post by The Great Aztec Joe on Nov 19, 2010 11:28:17 GMT -8
You give me anecdotal evidence and I am telling you that no matter what you think you see, scientists say being out of work makes people sick, affects them for tens of years after and kills them. How in heaven's name do you know if someone is stressed or sick? How do you know that their nonchalance is just a shield? How can you be indifferent to the scientific evidence? Because I've been out of work myself. Twice in the 90's. Once during the big early 90's recession, and once a couple of years later. I just looked at it as finding a job was my new job, I cut back on expenses and kept a positive attitude. I'm not that exceptional that I'm in some upper 5% or something like that. I'm pretty much just an average, ordinary guy. If I can keep a positive attitude and not have any major negative effects, then anyone can. Hummmmm? Were you threatened with foreclosure? Were the credit card companies calling twenty times a day about your unpaid balance and the outrageous fines that caused that unpaid balance in the first place? Was your car repossessed even though you were only six weeks behind on the payment? Did you miss that important Job Interview because you could not get there because that car was repossessed? Did the city tell you that they were going to turn off your water if you did not pay your bill in the next three days? How many days did you have to go without electricity? ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ The sheeet that I posed above is quite normal for the poor unemployed. When you make comments like you did above, that tells me you do not have a clue what it is like to be unemployed when you were lowly paid prior to that unemployment. Try being Black or Hispanic while living off of their UI checks. It ain't so fuggin easy. They don't sit and shoot the sheet while unemployed, they are usually out trying to find a job, any job, doing any kind of thing. |
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Post by waztec on Nov 19, 2010 21:50:04 GMT -8
You are so bound by your ideology that you cannot acknowledge what is true. So, if you are so results oriented and think personal accomplishment is so easy, practice what you preach. Prove it. You can talk to me about personal accomplishment when you have obtained a college degree. Go get one, then you can tell me how easy it is and how anyone can do it and how I don't know reality. And I will buy you dinner if you do it. I also hope that you have my advantage. You'll need it. I'm WAAAAAY too old and have too many responsibilities to be able to get a degree now. If I were still 20 it would be no problem, but I'm not, so it isn't going to happen. I had my shot and made some bad decisions that cost me my chance to get a degree. I'm doing OK, though, so I can't complain. Notice I'm not blaming anyone else, and I'm not asking for handouts from the government... Decisions. I understand where you must be. Perhaps you can have some compassion for someone who can't accomplish what they want to accomplish either. Just remember that if you are like most people, including conservatives, you are one major setback ahead of dependence. But for the grace of God go you. I hope you never see it, but dependence is lurking just over the horizon. It is staring at you. And self reliance, independence, and hard work will not obviate the risk -or fix it-no matter how hard you try. waztec, U.of Washington, honors, (age 49 - and not the oldest person in the program) |
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Post by The Aztec Panther on Nov 20, 2010 7:10:05 GMT -8
I'm WAAAAAY too old and have too many responsibilities to be able to get a degree now. If I were still 20 it would be no problem, but I'm not, so it isn't going to happen. I had my shot and made some bad decisions that cost me my chance to get a degree. I'm doing OK, though, so I can't complain. Notice I'm not blaming anyone else, and I'm not asking for handouts from the government... You are not too old. Working adults getting their degree is nothing new or unheard of. That is what night school is all about. Yes, but I'm not going to basically abandon my daughter for the rest of her childhoold so I can get a degree. That's what I'd have to do (go to work for 11 hours -with commute- then go to school, which would leave no time for family), and that wouldn't even remotely be fair to her. Like I said - I have responsibilities. Financial and otherwise, and I'm not about to turn my back on them in a selfish attempt to get a degree. I went back to college in my 20's and ran out of classes that fit in my work schedule. That's the way it goes. (I've got 76 units with a 3.5 gpa, so I could definitely cut it in college...) What was the topic, again??  |
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Post by waztec on Nov 20, 2010 8:21:08 GMT -8
You are not too old. Working adults getting their degree is nothing new or unheard of. That is what night school is all about. Yes, but I'm not going to basically abandon my daughter for the rest of her childhoold so I can get a degree. That's what I'd have to do (go to work for 11 hours -with commute- then go to school, which would leave no time for family), and that wouldn't even remotely be fair to her. Like I said - I have responsibilities. Financial and otherwise, and I'm not about to turn my back on them in a selfish attempt to get a degree. I went back to college in my 20's and ran out of classes that fit in my work schedule. That's the way it goes. (I've got 76 units with a 3.5 gpa, so I could definitely cut it in college...) What was the topic, again?? It is always good for a conservative to acknowledge that there are things that are more important than economic success worship. As I said, I understand where you are. I think your choices are very appropriate and I applaud you for making them. Your posts indicated only that you felt too old and had responsibilities. Raising kids is something else. In my case I had to do it to improve my families' economic condition. You can do what I did. Go back when the kids are grown. We were discussing unemployment. Now, I know that you understand what unemployed face when they are raising kids, looking for a job (and can't find one) and are struggling to make finances. Perhaps they might need help. Everyone makes trades don't they? The only difference is whether you agree with their decisions. When it comes to the unemployed you do not. If you cannot do everything at once, perhaps they can't either and as a result they deserve some support. That was my point when I used the college metaphor. It is no fun to feel what they feel even if for just one second. By acknowledging that you have limitations (like me) you can show compassion for others, because you and I have more in common with them than not.I already acknowledged that you were smart, by the way. |
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Post by aztecwin on Nov 20, 2010 8:33:10 GMT -8
I'm WAAAAAY too old and have too many responsibilities to be able to get a degree now. If I were still 20 it would be no problem, but I'm not, so it isn't going to happen. I had my shot and made some bad decisions that cost me my chance to get a degree. I'm doing OK, though, so I can't complain. Notice I'm not blaming anyone else, and I'm not asking for handouts from the government... Good for you! You should be proud of your accomplishment. I also have equal respect for those who choose a different path for whatever reason. One size fits all does not apply. Decisions. I understand where you must be. Perhaps you can have some compassion for someone who can't accomplish what they want to accomplish either. Just remember that if you are like most people, including conservatives, you are one major setback ahead of dependence. But for the grace of God go you. I hope you never see it, but dependence is lurking just over the horizon. It is staring at you. And self reliance, independence, and hard work will not obviate the risk -or fix it-no matter how hard you try. waztec, U.of Washington, honors, (age 49 - and not the oldest person in the program) |
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Post by waztec on Nov 21, 2010 8:18:19 GMT -8
Good for you! You should be proud of your accomplishment. I also have equal respect for those who choose a different path for whatever reason. One size fits all does not apply. Decisions. I understand where you must be. Perhaps you can have some compassion for someone who can't accomplish what they want to accomplish either. Just remember that if you are like most people, including conservatives, you are one major setback ahead of dependence. But for the grace of God go you. I hope you never see it, but dependence is lurking just over the horizon. It is staring at you. And self reliance, independence, and hard work will not obviate the risk -or fix it-no matter how hard you try. waztec, U.of Washington, honors, (age 49 - and not the oldest person in the program) No response huh? I know, you did not realize that I was so old. ;D |
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Post by The Aztec Panther on Nov 21, 2010 8:29:58 GMT -8
No response huh? I know, you did not realize that I was so old. ;D No, I thought you were older. I didn't accomplish what I wanted to accomplish, but I don't complain about it. Oh, I could - I could note how the class schedules for most JC's are geared towards 19 year olds who live at home and don't have to work. I could note how most of these schools discriminate against working adults with family responsibilities. (I could also note how I couldn't afford to even look at a CSU school financially at the time, either...) All of that, however, would also just be obfuscating the fact that I made a poor decision just before I turned 19 to drop out of college in the first place, and I just didn't realize that it isn't as easy to go back to school in your mid 20's as just signing up for classes (they don't always fit in your work schedule). I never blamed anyone but myself for not being able to finish my degree. It was MY fault, no one else's. And yet I still managed to find a way to get a decent job with good benefits so that I could support a family. No one showed me how to do it. No one gave me anything. I worked my ass off to get where I am. And ANYONE can do what I did. Anyone. Hard work and determination pay off. |
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Post by aztecwin on Nov 21, 2010 10:28:30 GMT -8
No response huh? I know, you did not realize that I was so old. ;D I did respond, it is just buried in the small print. I said good for you. |
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