I expect a huge percentage of suburban racist GOP idiots to somehow genuinely believe Daddy is giving them a tax cut. Like despite making 80k a year they are so high on their own supply they think the 39.6% rate is relevant to their life, or that despite being a worker bee drone the pass through business income tax cut means something to them.

I went ballistic last time this 401k **** was discussed.

The GOP is only in power because of upper-middle class voters. If they didn't break 60/40ish for GOP their whole party would be dead except for the rural South. I keep thinking that they can't be that dumb.

But I've been wrong before...

They aren't dumb, they just know you're never not voting for them. I'll leave it to you to figure out how/why.

And come on Bobman --- we can't tax unrealized gains. That makes no sense. Stocks go up and stocks go down. You can't tax going from 10 to 20, but then laugh when the 20 goes to 10.

Jokes on you. I'll vote for my pocketbook.

One my favorite Obama tax cuts was the 2011 and 2012 Payroll tax cuts. That was nice. People didn't realize how huge that tax cut was. That was one of the reasons I voted to re-elect Obama. Over $2000 tax cut each year.

No, you'll vote a racist idiot who is ineffective leader because you have no morals.

And I'm sure racist idiots will praise Daddy no matter what he does.

Awval stops praising Daddy if he doesn't get a couple thousand in tax relief.

Awval goes back to being a libtard and being liked on 2+2 politards forum if Daddy increases my taxes.

Not if he raises my taxes.

You really don't get it.

You have never been a liberal, even if you expect us to believe your revisionist history about your voting record.

Lol, I don't get it?

I am not the one who signed my name on a ballot for a racist for tax breaks (supposedly). You're a clown, dude. You have no morals. You're as close to a modern day Benedict Arnold as it gets.

Yeah you totally made that scrotum slurping PRESIDENCY OF DONALD J. TRUMP thread because you thought you'd get $200

We see right through your kind

at least awval doesn't even pretend to have a moral compass guiding his decisions or to give ****s about anything beyond his own bank account

Say what you want about the tenets of Trumpism, Dude, at least it's an ethos.

Actually I wanted to give the forum a good OP instead of one your terrible... "go" OPs.

I mean, obviously you would need to tweak the carryback and refund rules to allow the taxpayer to get a refund of the taxes they paid earlier if the gain goes away, but that's not complicated.

Traded securities are extremely liquid, so this is not an issue. For the same reason, you can't use the installment method if you get a traded note in your sale. As for people having to sell shares to pay taxes, who cares? It's no different from someone who gets an interest payment having to send some of the interest payment to the IRS.

Foreigners typically don't pay taxes on their capital gains, so the mark-to-market plan wouldn't really affect them.

The thing is, even if you believe that awval voted for Obama in '12 and that he'll always vote for his own financial self-interest, you also have to believe he won't fall for the next good ol' boy Republican con man promising the biggest and best tax cuts to grow the USA#1 economy at 8% and make the middle class and upper middle class richer than ever, while enforcing law and order to Make Murica Magical Always.

We all know how that's going to turn out...

Please elaborate? There are so many different variables to this question, age and income levels are two broad ones. Also what type of adjustment in the tax policy are you talking about? I also don't know if this is a serious question.

Do you think the average voter votes anything other than their pocket book?

The average voter barely pays taxes.

They won't, though. They won't *gladly* do it. Trump voters will continue to fall short of their delusions that they deserve to be fabulously wealthy as they've been promised, then grasp for more unabashed liars to tell them comforting stories about why they aren't. Who the **** knows what happens then. Personally I think our best chance is some unabashed Christian grifter type who isn't that much into fascism can to get these morons back into believing they get their riches in heaven or something. Joel Osteen 2024.

More likely scenarios are more unscrupulous Republicans will just start blaming extravagant spending on CHIP and courts as the reason why their tax bills are higher than they want and they start agitating for rolling back any welfare spending and advocating summary executions as too many bad guys are gaming laws and judges to get away and it's a big money pit. I'm waiting for the next generation of "cops and the boys in blue need our support punishing criminals, public defenders get lavish salaries and spend a whole 15 minutes on each one of their cases making expensive plea deals for criminals placing them in lovely publically funded jails, can we afford this?!"

We should be raising taxes right now, not cutting them. "Spurring economic growth" is what you want to be doing when unemployment is at 10% not at 4.3%. I didn't read the rest of the thread so I'm unsure if this was covered already. Also it's in teh Bible so I assume the evangelicals are on board with this line of reasoning.

I wouldnt go as far as saying raising taxes is the remedy right now.

Part of the current anomoly is that unemployment is low but wages have not really risen.

I am not sure i can elaborate more. Myrna answered the question just fine.

Rest assured that its not a logical trap designed to attack you. Just trying to make sense of your initial posts.

I would counter that it depends on what ails ya.

If your goal is to reduce the deficit and debt, they're going to have to be raised. We all know this.

If your position is that 4.3% unemployment is unacceptably high, cutting taxes isn't going to do anything to bring that number down.

I agree that wages are stagnant (it's a fact whether or not I agree) but that too will not be solved by cutting taxes.

But generally speaking, we should be raising taxes during times of economic prosperity and then cutting them in times of economic calamity as a matter of public policy. It won't happen though because the two sides often behave as half-Keynesians.