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Cap Gains

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  1. GODSHAMGOD GODSHAMGOD is offline

    Philadelphia, PA
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    Nov 14th, 2008 (11/14/2008 7:18pm)

    What do you think would happen to our economy if we eliminated(at least temporarily) cap gains taxes and implemented relatively minor spending cuts?
  2. JechtSphere JechtSphere is offline

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    Nov 14th, 2008 (11/14/2008 7:19pm) in reply to GODSHAMGOD

    lol @ relatively minor spending cuts when there's $700 billion out there being distroed. Dunno about cap. gains taxes.
  3. darkpoker12 darkpoker12 is offline

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    Nov 14th, 2008 (11/14/2008 7:21pm) in reply to GODSHAMGOD

    my dad would be one happy man since he is gonna get raped hard with Obamas rules
  4. sol160 sol160 is offline

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    Nov 14th, 2008 (11/14/2008 7:23pm) in reply to darkpoker12

    i think it would be a good start
  5. skisteve skisteve is offline 2008-2009 Thread Killer Champ

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    Nov 14th, 2008 (11/14/2008 7:25pm) in reply to JechtSphere

    Clinton cut cap gains and tax reciepts from that increased 100%. Thread./ that's why McCain wanted to do it, he just had trouble freaking explaining shit like that. (grrrrr McCain campaign.) there's plenty of spending to cut but most of it's to people who got Obama elected. Gl with that.
  6. GODSHAMGOD GODSHAMGOD is offline

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    Nov 14th, 2008 (11/14/2008 7:27pm) in reply to GODSHAMGOD

    What do you think would happen if people who worked in troubled industries agreed to take pay cuts to keeps their jobs?
    Thread Starter
  7. norcaljeff norcaljeff is offline 2010 OT Thread Kill Leader

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    Nov 14th, 2008 (11/14/2008 7:27pm) in reply to GODSHAMGOD

    the stock market would shoot up. paying 15% of x in taxes is worth more than paying 25-35% of x in taxes. same with houses.

    why buy an investment that would make you half as much money as it used to, regardless of performance (assuming appreciation)???
  8. skisteve skisteve is offline 2008-2009 Thread Killer Champ

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    Nov 14th, 2008 (11/14/2008 7:32pm) in reply to GODSHAMGOD

     
    Originally Posted by GODSHAMGOD View Post

    What do you think would happen if people who worked in troubled industries agreed to take pay cuts to keeps their jobs?

    the companies would never raise it back up when things got good again. CEO should lead by denying own bonus before firing imo. Some company CEOs do but you won't hear about it. Also depends how big a cut, most people can't afford more than 10% based on hardly anyone saves money anymore.
  9. sol160 sol160 is offline

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    Nov 14th, 2008 (11/14/2008 7:33pm) in reply to norcaljeff

    http://en.wikipedia.org/wiki/Socratic_method
  10. skisteve skisteve is offline 2008-2009 Thread Killer Champ

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    Nov 14th, 2008 (11/14/2008 7:34pm) in reply to norcaljeff

    Also stock trading has increased significantly since Clinton so I would predict much higher than a 100% tax reciept gain now. People also trade more when taxes are even less.
  11. sol160 sol160 is offline

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    Nov 14th, 2008 (11/14/2008 7:35pm) in reply to skisteve

     
    Originally Posted by skisteve View Post

     
    Originally Posted by GODSHAMGOD View Post

    What do you think would happen if people who worked in troubled industries agreed to take pay cuts to keeps their jobs?

    the companies would never raise it back up when things got good again. CEO should lead by denying own bonus before firing imo. Some company CEOs do but you won't hear about it. Also depends how big a cut, most people can't afford more than 10% based on hardly anyone saves money anymore.

    companies would raise it back up, how do you think they got to the current rate in the first place? a 10% cut is better then a 100% cut
  12. skisteve skisteve is offline 2008-2009 Thread Killer Champ

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    Nov 14th, 2008 (11/14/2008 7:38pm) in reply to sol160

    oh they would take it. Don't get me wrong, I agree. But I disagree companies won't try to gouge them out of raising it again by saying they are not able to yet for as long as they feel like it. Only union employees will ever see it again except through cost of living increases. Hell I would give it up too, just saying mgt is scum.
  13. norcaljeff norcaljeff is offline 2010 OT Thread Kill Leader

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    Nov 14th, 2008 (11/14/2008 7:38pm) in reply to sol160

    read about that in a book. got a point?
  14. sol160 sol160 is offline

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    Nov 14th, 2008 (11/14/2008 7:41pm) in reply to skisteve

    when the industry picks back up and a company does not increase the wage, other companies will swoop in and offer more money to the underpaid workers. free market FTW!
  15. GODSHAMGOD GODSHAMGOD is offline

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    Nov 14th, 2008 (11/14/2008 7:42pm) in reply to skisteve

    If the car business restructures and begins to thrive wages will rise.

    Edit* IMO
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