Health Care Capital Gains Tax - DFWstangs Forums
 
LinkBack Thread Tools Display Modes
post #1 of 27 (permalink) Old 03-21-2010, 08:03 PM Thread Starter
Married Man on 14Feb2010
 
TexasDevilDog's Avatar
 
Join Date: Jun 2001
Location: Fort Worth, Texas (North Side)
Posts: 14,140
Health Care Capital Gains Tax

Quote:
“Obamacare’s worst tax hike is the imposition of a new 3.9 percent Medicare payroll tax on capital gains and other investments,” adds the economist Larry Kudlow at National Review Online. “What will this do? It will depress the economy, depress wages, and depress jobs. Washington doesn’t understand that you can’t create jobs without new healthy businesses.”
http://opinionator.blogs.nytimes.com...h-care/?src=me

I guess we need to raise the rent on the house by 4%, as will all landlords.

This is another example of how the poor are going to suffer under this. They are stupid to think that they are soaking the rich. All they are doing is increasing the gap between the rich and poor income levels.
TexasDevilDog is offline  
Sponsored Links
Advertisement
 
post #2 of 27 (permalink) Old 03-21-2010, 08:09 PM
Time Served
 
Join Date: Jan 2003
Location: Rockwall
Posts: 917
Quote:
Originally Posted by TexasDevilDog View Post
http://opinionator.blogs.nytimes.com...h-care/?src=me
I guess we need to raise the rent on the house by 4%, as will all landlords.

This is another example of how the poor are going to suffer under this. They are stupid to think that they are soaking the rich. All they are doing is increasing the gap between the rich and poor income levels.
You ever think that they might be doing this on purpose?? Divide and conquer sort of thinking??
Grimpala is offline  
post #3 of 27 (permalink) Old 03-21-2010, 09:15 PM
PAN
 
Join Date: Mar 2002
Location: Under a rock
Posts: 20,154
Quote:
Originally Posted by Grimpala View Post
You ever think that they might be doing this on purpose?? Divide and conquer sort of thinking??

They are absolutely doing this on purpose. Only a fool would venture otherwise.
Fox466 is offline  
 
post #4 of 27 (permalink) Old 03-21-2010, 09:45 PM
Lifer
 
Join Date: Jan 2004
Location: smithville
Posts: 1,993
its all part of the BIG plan...

RON PAUL '08
fast83 is offline  
post #5 of 27 (permalink) Old 03-22-2010, 09:31 AM
Lifer
 
Hass's Avatar
 
Join Date: Aug 2008
Posts: 1,713
Quote:
Originally Posted by TexasDevilDog View Post
http://opinionator.blogs.nytimes.com...h-care/?src=me

I guess we need to raise the rent on the house by 4%, as will all landlords.

This is another example of how the poor are going to suffer under this. They are stupid to think that they are soaking the rich. All they are doing is increasing the gap between the rich and poor income levels.
My buddy is gonna be pissed about that rent tax. He uses the rent on his old house to help pay for the mortgage on his new house and he doesn't even break even as it is.
Hass is offline  
post #6 of 27 (permalink) Old 03-22-2010, 09:33 AM
too many projects!
 
TX21's Avatar
 
Join Date: May 2002
Location: you cant drink all day if you don't start in the morning
Posts: 5,196
Quote:
Originally Posted by Hass View Post
My buddy is gonna be pissed about that rent tax. He uses the rent to help pay for the mortgage on his new house and he doesn't even break even as it is.
Maby he should live in a house he can afford

PHUKET
A coward dies a thousand deaths
A soldier dies but once.
TX21 is offline  
post #7 of 27 (permalink) Old 03-22-2010, 09:36 AM
DFWMUSTANGS.NET
 
Join Date: Jun 2007
Posts: 3,635
Quote:
Originally Posted by TX21 View Post
Maby he should live in a house he can afford
I'm sure he can afford it. It's a common thing to do. Once I pay off this house, I will be renting it out to pay for my next one, and then renting both of those to pay for my third one.

He's pissed because it is already being taxed at his tax rate now, and they are gonna tack an extra 3% on it to pay for some low lifes medicaid.
sc281_99-0135 is offline  
post #8 of 27 (permalink) Old 03-22-2010, 09:37 AM
too many projects!
 
TX21's Avatar
 
Join Date: May 2002
Location: you cant drink all day if you don't start in the morning
Posts: 5,196
Quote:
Originally Posted by sc281_99-0135 View Post
.

He's pissed because it is already being taxed at his tax rate now, and they are gonna tack an extra 3% on it to pay for some low lifes medicaid.
Yeah thats a bunch of shit

PHUKET
A coward dies a thousand deaths
A soldier dies but once.
TX21 is offline  
post #9 of 27 (permalink) Old 03-22-2010, 09:46 AM
Wolverines!!!
 
SlowLX's Avatar
 
Join Date: May 2002
Location: 1st Civ Div
Posts: 9,261
As strychnine puts it, you give the worthless fucks the idea of healthcare then massive amnesty for 50 million illegals and youve basically killed off the 2 party system.
SlowLX is offline  
post #10 of 27 (permalink) Old 03-22-2010, 09:50 AM
Lifer
 
Hass's Avatar
 
Join Date: Aug 2008
Posts: 1,713
Quote:
Originally Posted by TX21 View Post
Maby he should live in a house he can afford
The point is he can afford it without bama's additional 4% tax increase. BTW.... I'm not sure it will affect him since he earns less than $150,000/year from his job. I haven't studied it enough yet to know who will get these taxes.
Hass is offline  
post #11 of 27 (permalink) Old 03-22-2010, 09:57 AM
DFWMUSTANGS.NET
 
Join Date: Jun 2007
Posts: 3,635
Quote:
Originally Posted by SlowLX View Post
As strychnine puts it, you give the worthless fucks the idea of healthcare then massive amnesty for 50 million illegals and youve basically killed off the 2 party system.
Their own readymade voting base.

Hook. Line. Sinker.


The mighty empire that is America has almost ceased to exist.
sc281_99-0135 is offline  
post #12 of 27 (permalink) Old 03-22-2010, 10:35 AM
Old Timer
 
Dacotua's Avatar
 
Join Date: Apr 2004
Location: Flower Mound
Posts: 4,027
There is a 3.8% investment tax in the new Health Care Bill.

So as it sits right now, all IRA's, 401K's, Stocks, Mutual Funds, Hedge Funds, etc... all have a 3.8% additional tax added to them per year.

2006 Mustang GT
Dacotua is offline  
post #13 of 27 (permalink) Old 03-22-2010, 10:39 AM
DFWMUSTANGS.NET
 
Join Date: Jun 2007
Posts: 3,635
Quote:
Originally Posted by Dacotua View Post
There is a 3.8% investment tax in the new Health Care Bill.

So as it sits right now, all IRA's, 401K's, Stocks, Mutual Funds, Hedge Funds, etc... all have a 3.8% additional tax added to them per year.
Seriously?

Edit:

Yea I guess so, as the income will be taxed before it is put into the 401k/IRA.
sc281_99-0135 is offline  
post #14 of 27 (permalink) Old 03-22-2010, 11:15 AM
Lifer
 
Hass's Avatar
 
Join Date: Aug 2008
Posts: 1,713
But are the people who are making less than 1XX,XXX a year still going to get taxed the 4%?
Hass is offline  
post #15 of 27 (permalink) Old 03-22-2010, 11:29 AM
Worship me
 
AL P's Avatar
 
Join Date: Mar 2000
Posts: 34,345
What in the hell are you guys talking about? There is an additional 3.8% tax on unearned income. That generally means income from interest or cash dividends. This has nothing to do with 401K plans.

If you want to know what is in this bill, go over to the Wall Street Journal website and read up:

http://online.wsj.com/article/SB1000...s_Most_Popular

"I find that the harder I work, the more luck I seem to have." - Thomas Jefferson (1743-1826)

"There are four boxes to be used in defense of liberty: soap, ballot, jury, and ammo. Please use in that order." - Ed Howdershelt
AL P is offline  
post #16 of 27 (permalink) Old 03-22-2010, 12:32 PM
too many projects!
 
TX21's Avatar
 
Join Date: May 2002
Location: you cant drink all day if you don't start in the morning
Posts: 5,196
Quote:
Originally Posted by AL P View Post
What in the hell are you guys talking about? There is an additional 3.8% tax on unearned income. That generally means income from interest or cash dividends. This has nothing to do with 401K plans.

If you want to know what is in this bill, go over to the Wall Street Journal website and read up:

http://online.wsj.com/article/SB1000...s_Most_Popular
Do it for me and tell me how it will effect me.

I guess I'll read it gosh!

PHUKET
A coward dies a thousand deaths
A soldier dies but once.
TX21 is offline  
post #17 of 27 (permalink) Old 03-22-2010, 01:01 PM
Time Served
 
Join Date: Jun 2004
Location: Somewhere east of Dallas
Posts: 613
So, what happens to our current health benefits at work if we have them? Are we allowed to keep our private-sector insurance or does everyone have to switch over the the czar's ways?

1992 LX Coupe - just a few bolt-ons.
TX_92_Notch is offline  
post #18 of 27 (permalink) Old 03-22-2010, 01:15 PM
Lifer
 
Join Date: Oct 2001
Location: Red Oak
Posts: 4,468
Another $940 billion of our dollars spent. It will come to a point where those who put forth the great effort to succeed will stop doing so if every small measure of success means another grifter gets to suckle at their teet.

Quote:
Originally Posted by TX21 View Post
Do it for me and tell me how it will effect me.

I guess I'll read it gosh!
This bill will push for all small businesses to offer employee plans. It will keep children on their parents plans longer(till26 yrs old), extended infancy I suppose. Requirement will begin for most people to have health insurance,employers with more than 50 employees that don't provide affordable coverage must pay a $3,000 fine per employee. Penalties for people who don't carry coverage will rise to 2.5% of taxable income or $695, later. Of course then there will be the special duty tax of 40% imposed on health plans valued at more than $10,200 for individual coverage and $27,500 for family coverage. It will extend the already unsuccessful medicaid plans and end the somewhat successful medicaid advance plans.

We are going to put a massive number of people on government healthcare, and yet not touch the supply side of the equation? In fact lets hinder the supply side by taxing doctors and medical pratices more, as they await a new wave of customers paid for by our money. Medicare hardly pays their bill now, another reason many practices don't accept medicare.Drug makers will face an annual fee of $2.5 billion and it will rise in subsequent years. Every hear of rationing under socialized medicine? Get ready for it.

But its okay! We are being selfless and helping others right?Down with the rich!pay my shit!I am entitled! Well when that tax on wages rises to 2.35% from 1.45%, and that new 3.8% tax on unearned income such as dividends and interest hits,and when the excise tax of 2.9% is imposed on sale of medical devices, lets see who pays for this. Lets see how this affects our already failing economy, especially after our $700 billion dollar band aid begins to peel off and we find out the dollar is worthless. I'm sure the stock market will look great tomorrow.

Well at least it was passed fairly right? Open discussion and majority opinion chose this, yes? Oh....wait.
This is no Republic.

All tyranny needs to gain a foothold is for people of good conscience to remain silent.
Jimbo is offline  
post #19 of 27 (permalink) Old 03-22-2010, 01:22 PM
Lifer
 
Join Date: Feb 2006
Posts: 1,163
Quote:
Originally Posted by TX_92_Notch View Post
So, what happens to our current health benefits at work if we have them? Are we allowed to keep our private-sector insurance or does everyone have to switch over the the czar's ways?
You can keep your private insurance. All the health care bill means immediately is that couples making $200k+ and individuals making $250k+ will pay 2.35% instead of 1.45% plus a 3.8% increase on unearned income. The government option "supermarket" doesn't become available until 2014.

Some of you guys are acting like it's some drastic tax that's going to fuck us all in the ass.

Taylor is offline  
post #20 of 27 (permalink) Old 03-22-2010, 01:24 PM Thread Starter
Married Man on 14Feb2010
 
TexasDevilDog's Avatar
 
Join Date: Jun 2001
Location: Fort Worth, Texas (North Side)
Posts: 14,140
Quote:
Originally Posted by Hass View Post
But are the people who are making less than 1XX,XXX a year still going to get taxed the 4%?
If you rent, you will be paying 4% more, because the landlord needs your money to give it to the FEDs.
TexasDevilDog is offline  
post #21 of 27 (permalink) Old 03-22-2010, 01:24 PM
Resident Epicurean
 
Join Date: Mar 2003
Location: Irving
Posts: 23,270
Quote:
Originally Posted by Taylor View Post

Some of you guys are acting like it's some drastic tax that's going to fuck us all in the ass.
One thing has always held true with the government, no matter who is in office. They spend outrageous amounts of money to fix a problem. If you think we are only going to the increases you just listed, you're sadly mistaken. If you want proof, look at every fucking penny the government has ever spent.
bcoop is offline  
post #22 of 27 (permalink) Old 03-22-2010, 01:24 PM
Worship me
 
AL P's Avatar
 
Join Date: Mar 2000
Posts: 34,345
Quote:
Originally Posted by Taylor View Post
You can keep your private insurance. All the health care bill means immediately is that couples making $200k+ and individuals making $250k+ will pay 2.35% instead of 1.45% plus a 3.8% increase on unearned income. The government option "supermarket" doesn't become available until 2014.

Some of you guys are acting like it's some drastic tax that's going to fuck us all in the ass.
The tax increases don't happen immediately. Stop talking out of your ass.

The health care bill means an increase in demand for services and a massive Medicaid burden on the states. Why do you think that ten states have already sued the federal government?

It also means an increase in premiums FOR EVERYONE.

"I find that the harder I work, the more luck I seem to have." - Thomas Jefferson (1743-1826)

"There are four boxes to be used in defense of liberty: soap, ballot, jury, and ammo. Please use in that order." - Ed Howdershelt
AL P is offline  
post #23 of 27 (permalink) Old 03-22-2010, 01:27 PM Thread Starter
Married Man on 14Feb2010
 
TexasDevilDog's Avatar
 
Join Date: Jun 2001
Location: Fort Worth, Texas (North Side)
Posts: 14,140
Quote:
Originally Posted by bcoop View Post
One thing has always held true with the government, no matter who is in office. They spend outrageous amounts of money to fix a problem. If you think we are only going to the increases you just listed, you're sadly mistaken. If you want proof, look at every fucking penny the government has ever spent.
Agreed. In 1965, they estimated that medicare would cost $60Billion, but it is really $480Billion.

Wait a couple years, they will say, "Oops, it cost more than we thought. Time to raise taxes."
TexasDevilDog is offline  
post #24 of 27 (permalink) Old 03-22-2010, 02:38 PM
Old Timer
 
Dacotua's Avatar
 
Join Date: Apr 2004
Location: Flower Mound
Posts: 4,027
Quote:
Originally Posted by AL P View Post
What in the hell are you guys talking about? There is an additional 3.8% tax on unearned income. That generally means income from interest or cash dividends. This has nothing to do with 401K plans.

If you want to know what is in this bill, go over to the Wall Street Journal website and read up:

http://online.wsj.com/article/SB1000...s_Most_Popular
It also means your 401k, IRA's, Stocks, etc..

When you turn 59 1/2 or later, when you start withdrawing from your 401k, IRA, you will be taxed via Income Tax PLUS the additional 3.8%, since most of your growth in these funds are as a result of Interest, Dividends, etc... Currently your IRA's and 401k Roll over your dividends into the plans.

2006 Mustang GT
Dacotua is offline  
post #25 of 27 (permalink) Old 03-22-2010, 03:00 PM
Worship me
 
AL P's Avatar
 
Join Date: Mar 2000
Posts: 34,345
Quote:
Originally Posted by Dacotua View Post
It also means your 401k, IRA's, Stocks, etc..

When you turn 59 1/2 or later, when you start withdrawing from your 401k, IRA, you will be taxed via Income Tax PLUS the additional 3.8%, since most of your growth in these funds are as a result of Interest, Dividends, etc... Currently your IRA's and 401k Roll over your dividends into the plans.
I have no idea what the hell you are talking about. 401k distributions are plain old income and have nothing to do with this.

"I find that the harder I work, the more luck I seem to have." - Thomas Jefferson (1743-1826)

"There are four boxes to be used in defense of liberty: soap, ballot, jury, and ammo. Please use in that order." - Ed Howdershelt
AL P is offline  
post #26 of 27 (permalink) Old 03-22-2010, 03:17 PM
Lifer
 
wesman's Avatar
 
Join Date: Aug 2002
Location: Cedar Hill,Tx
Posts: 2,142
Quote:
Originally Posted by AL P View Post
I have no idea what the hell you are talking about. 401k distributions are plain old income and have nothing to do with this.
I'm not following either.

--wes
wesman is offline  
post #27 of 27 (permalink) Old 03-22-2010, 03:24 PM
too many projects!
 
TX21's Avatar
 
Join Date: May 2002
Location: you cant drink all day if you don't start in the morning
Posts: 5,196
Quote:
Originally Posted by AL P View Post
I have no idea what the hell you are talking about. 401k distributions are plain old income and have nothing to do with this.

Thats the way I see. I hope

PHUKET
A coward dies a thousand deaths
A soldier dies but once.
TX21 is offline  
Sponsored Links
Advertisement
 
Reply

Bookmarks

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the DFWstangs Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome