youbet
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I'd have thought we'd solved this by now...
I know the answer. I'm just holding back because I'm enjoying the conversation and hate to cut it short.
I'd have thought we'd solved this by now...
I think it's possible to separate our personal situation and offer honest opinions about what would be best for everyone without respect for personal gain. But it's indeed a twisted version of "charity" that involves using someone else's money. The guy that puts $10 in the Salvation Army kettle has earned far more points in my book than the anguished activist who cries out day and night for higher taxes for the benefit of the poor.
Fourteen pages and counting.
I'd have thought we'd solved this by now...
So do rich, or even many upper middle class Americans.But that's okay, rich Latin Americans send their children to private schools (often in the US or Europe) since they get to keep more of their own money!
One of the problems with a high cap gain tax is that it can be avoided... and when the rate is very high it is avoided...
You do NOT have to sell cap assets if you do not what to....
Believe me... I did a number of proformas for rich people back in the early 80s on how much a sale of something would cost them... almost all the time they decided to not sell...
So, raising the cap gain tax will not bring in much, if any, new revenue...
So do rich, or even many upper middle class Americans.
And while we are congratulating ourselves on literacy, we should likely admit that it is not very good, especially considering how much we spend on public education- highest in the world per student. There is almost no aspect of public services in which the US gets performance for all the money it throws at the problems.
I'd say the correct word is "deferred". We currently allow step up in basis at death (one of those things that makes zero sense to me and should be changed), other than that, cap gains eventually get paid.
You might want to bone up on your facts there, Retch.
I agree with this, but there is a good chance that I may have no need for withdrawals from my Roth- but it will still be there compounding tax free, and If I do need it it will be because my other sources are down and hence I have at least a shot at staying below the level of confiscation.I concur. Taxes on Roth IRA's will creep in like a slow moving cancer and, as you say, will not be applied directly to withdrawals but will involve withdrawals counting as income for determining Medicare premiums, eligibility for deductions, etc. I dread this.
I agree with this, but there is a good chance that I may have no need for withdrawals from my Roth- but it will still be there compounding tax free, and If I do need it it will be because my other sources are down and hence I have at least a shot at staying below the level of confiscation.
Ha
Missionfinder, you seem not to grasp the concept of spending OPM "Other Peoples Money"; the mission statement of the HTFC " higher tax fan club".
It's easy to be sanctimonius when it's not your money....
... had things looking like we were actually going to pay off our national debt in a decade or two.
The impressive thing about Bush the younger is that he did that after Clinton had things looking like we were actually going to pay off our national debt in a decade or two.
are you thinking that our kids would be better educated if we got rid of public schools? i think not, i think a far fewer children would go to school if families were required to pay tuition for private schools.
Are you suggesting that private schools be banned by a "big brother" style government thats out to control our every thought?
nope, where did u get that? i didnt even come close to saying that. talk about someone twisting my words, wow.
Just a little turn around! (Ref your post #281) where what you did was "wow-wow-wow."
And while we are congratulating ourselves on literacy, we should likely admit that it is not very good, especially considering how much we spend on public education- highest in the world per student. There is almost no aspect of public services in which the US gets performance for all the money it throws at the problems.
what are you talking about?
I was simply asking you whether you wanted private schools to be banned because they aren't funded by tax dollars and therefore are somewhat less subject to strict government control of academic content, religious content, political views, etc. I was asking because of the postition you were taking.
what "position" am i taking? the position that i dont want big deficits? that i want us to pay for the government we want (or have chosen to have)? how do you jump to thinking i dont want private schools from that? just cus i dont want public schools to go away? that is a pretty big (falacious) assumption! i never said anything about closing private schools!
So, do you want private schools banned or not?
NO! i do not want private schools banned
Good decision. We agree then.
NO! i do not want private schools banned, those are your words not mine! like i said i never said anything about banning private schools. where did you come up with that?