Nothing like wanting to puke at 9am.
http://online.wsj.com/article/SB10001424052970204…
"Mr. Obama is proposing to raise the dividend tax rate to the higher personal income tax rate of 39.6% that will kick in next year. Add in the planned phase-out of deductions and exemptions, and the rate hits 41%. Then add the 3.8% investment tax surcharge in ObamaCare, and the new dividend tax rate in 2013 would be 44.8%—nearly three times today's 15% rate.
Keep in mind that dividends are paid to shareholders only after the corporation pays taxes on its profits. So assuming a maximum 35% corporate tax rate and a 44.8% dividend tax, the total tax on corporate earnings passed through as dividends would be 64.1%."
And this wonderful little gem....
http://blog.heritage.org/2012/02/19/chart-of-the-…
Half this nation pays ZERO in Federal taxes and as a result, the Criminal (oh I mean Government) has to rape, rob and pillage the remaining producers in this nation.
Makes me sick.
All my money is in Real Estate, but this still makes me rage. I wonder at what point is it enough for these welfare guzzlers.
Let's tax the employers to the point of bankruptcy, then we will finally see class equality! I thought one was encouraged to succeed...
We all must remember that our earnings are the government by default and our benevolent master decides what should be given back to us.
If you want to get yourself even more worked up, watch his retort in '08 regarding raising cap gains rates. Absolutely disgusting.
ANT, with Obama's re-election all but decided, who do you think will be a good 2016 candidate? Obviously Ron Paul can't run when he's 80.
Ron Paul needs to quit Congress and be the father of the new libertarian movement. Find a bunch of weak Congressional seats, get libertarians elected and have a small block in Congress.
End of the day liberty is simply screwed. You have religious wacko's who want to control person actions because of their personal beliefs and you have uneducated people who want freebies. As long as we have a government that needs people to get elected, you will have people who will cow toe to these individuals.
The only way to maximize liberty and correct the problems of this country is to become exactly what this country is not about. You need to eliminate Democracy and bring in a totalitarian government. The will of the people ultimately will destroy freedom for all of us.
I had this side thought on this issue:
Would this not incentive investors to look elsewhere in the market for return than companies with dividend yield?
I am thinking this will create slight downward pressure based on this govt. intervention on these mainly large equities.
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