Visual Storyteller
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Visual Storyteller
We are all unmotivated.
Dear Men - Need your perspective.
Additional Posts in The Worklife Bowl
Conversation Starter
The secret lives of our office plants.
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Pro
Conversation Starter
Chief
Enthusiast
FRM average salary through uhaul
Chief
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Cap gains and corporate tax rates should be eliminated altogether
I think they should actually hike corporate tax rate way up, but make dividends a pretax expense. Then change the cap gains, interest, and dividend tax rate the same as the income tax rates, so all income is taxed at the same rate.
There is a technique in persuasion where you tell the person a “flaw” up-front. This actually makes the person more likely to buy.
Chief
Everyone richer than me should pay more tax 👍
Chief
Where is he wrong...
Tax Amazon
Rising Star
His analytics thingy is broke
Would you give up tax cuts for more international stability?
Chief
Is that guaranteed somewhere?
Where should the higher tax start? I think raising tax on people pulling in 500k+ isn’t a big deal (and I am hoping to get there 😁)
Conversation Starter
Bernie put it at 500k, but only a 2% increase at that point. If you actually earned 500k even, no change. 510k, a 200 dollar difference.
His highest hits at 2 mil. He's the most extreme. AOC has the highest at 10 mil, if I recall
Chief
This may shock you, but some people care about more than their marginal tax rate.
Chief
I posit that some people care about than their effective tax rate also.
Chief
https://www.businessinsider.com/billionaires-asking-for-wealth-tax-americans-disney-soros-buffett-dalio
A different perspective on IBM1’s point is that Gates and others made their fortunes under a different regime. Now they propose a new set of rules under which these individuals would have never earned these fortunes.
Trump tax cuts aren’t popular, if you’ve seen the polls
Pro
I think his base likes this comment. I don’t think he’s going to lose based on this. Not many people benefit from TCJA anyway....
Rising Star
Taxation is theft.
Pro
I am with you EY 1, especially Federal taxes.
Chief
Imagine attacking a politician for being honest.
Chief
Seriously, this is why we can’t have nice things.
“They’re all liars and they’re all the same!”
One lies every day, the other is honest about intent so there are no surprises
“LOL being honest what a loser”
Pro
Things like, fire departments and healthcare cost money. I am ok with more taxes can we also include the IRS doing my taxes ( like every other industrialized country) while we are at it tax bill Gates. The city he lives in Washington went bankrupt because all the rich inhabitants didn’t want to pay taxes.
Conversation Starter
The government should buy TurboTax and make it free to the taxpayers.
Rising Star
The government program is called VITA...
Not many people benefited from TCJA anyway? I think something like 65% of Americans paid less. Unfortunately only 40% think they did because Americans are stupid and don’t understand the difference between tax liability, tax withholding, tax credits, tax deductions, etc. I’m in audit and have a basic understanding and do my own return. One of my biggest pet peeves is when people refer to their tax return as their “tax refund” such as, “do you use a service to file your tax refund or do it yourself?”
Aren't the personal income tax cuts going away anyway in 2028 or 2026?
I agree with M1 on the corporate tax rate, it should be 0.
Biden wants to close the “stepped up basis” so-called “loophole.” That’s a pretty ambiguous statement, but I assume he means section 1014 (basis of property acquired from a decedent). But isn’t the reason for the step up that the property has been subjected to the estate tax?
I’m a corporate tax person, so I may be swimming outside my lane. Anyone have a different interpretation of this or can set me straight?
What kind of phone do you have Kearney1? That screenshot is so loooong
The race to the bottom!
Enthusiast
I strongly think the tax benefits should not phase out based on AGI or taxable income - then the rich who can move politics will be more aligned with the average tax payers. They really care about small benefits too.