The Soapbox

BocaHoo91

Joined: 06/03/2005 Posts: 31020
Likes: 52381


The trump tax cuts that have the “rich”


paying a 37% marginal tax rate on income relative to half the country that pays zero income tax is a “tax break for millionaires”? I won’t argue that the cut wasn’t needed, but paying a 37% marginal rate when half the country has no income tax liability doesn’t feel like much of a “tax break for millionaires”

It’s possible for a trust fund kid to have advisors that avoid the realization of capital gains and therefore minimize the tax burden. Which solution do you propose ? A wealth tax or a forced mark to market for unrealized capital gains.

And the top dividend tax rate is 23.8%. I doubt many working stiffs are paying more than that. And they most certainly are not paying more than that if you include the fica benefit which more than offsets the fica taxes for working stiffs

Carried interest IS a tax break. That should absolutely be fixed.


(In response to this post by TomGlansAski)

Posted: 10/21/2021 at 11:40AM



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Current Thread:
  Not really, he just wants to return it to normal ** -- GoochlandHoo 10/21/2021 09:51AM
  Without commenting on whether this makes sense, -- fphoo 10/21/2021 08:21AM
  What are the millionaire tax breaks? ** -- BocaHoo91 10/21/2021 08:07AM
  The trump tax cuts that have the “rich” -- BocaHoo91 10/21/2021 11:40AM
  I'm not so sure people on this board are experts -- GoochlandHoo 10/21/2021 09:50AM
  This is all about defer, defer, defer. -- BocaHoo91 10/21/2021 12:26PM
  Yes. And when you’re worth billions -- BocaHoo91 10/21/2021 12:55PM
  I presume he's referring to... -- PBCHoo 10/21/2021 09:27AM
  What’s the difference? -- BocaHoo91 10/21/2021 3:00PM
  I'm not disagreeing with you. -- PBCHoo 10/21/2021 09:45AM
  Yeah, I just get annoyed with the whole -- BocaHoo91 10/21/2021 11:22AM
  It’s not that I think the rich are -- BocaHoo91 10/21/2021 12:38PM
  I think it’s fair they pay more. -- BocaHoo91 10/21/2021 1:00PM

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