So much for the claim that Trump hit his ceiling at 25%...

Maybe the extra 5% is from Democrats who are liking what they hear.. :D

Michale

Now the REAL fun begins...

Imagine if Trump wins the primary and all the other challengers are forced to support Trump... :D

Michale

http://radaronline.com/celebrity-news/hillary-clinton-hacked-emails-sale/

*ALL* of Hillary's emails are available to the highest bidder..

I saids it befores and I'll says it agains..

HILLARY IS TOAST....

Michale

Yes it will..

And to many Weigantians as well..

Because, if Trump continues along this vein, those Weigantians who claimed that they would support anyone with good ideas will come face to face with their own petard...

And the only question will be..

Will they be hoisted by it.. :D

Michale

Meanwhile, I'll be interested to see if Trump continues in this vein or begins to pull back. I suspect he blurted out something (a stopped watch/twice a day, etc.) in one of his word salads and it remains to be seen whether it becomes a true plank for him or just one of the many things he's thrown out there for the hell of it.

I was very disappointed that Trump didn't mention any of his taxation policy in his latest stump speech. However, he did mention it to Sarah Palin when she interviewed him recently. I'm hoping this is an omen that he will continue talking about it. It will not only be a jolt to the Right but also to the Left. :-)

My second favorite thing about the campaign(s) to date is the possibility Trump is doing all this to hasten the downfall of the repub party as currently constructed. Or is he simply the sublime instrument of fate?

I don't think Trump is being in any way untrue to himself and what he believes. I think he is the sublime instrument of fate and that that's a good way of putting it. :-)

Don't tread on me.

Credit where credit is due...

Weiner deserves kudos for publicly standing up for his wife..

Considering all the mean and nasty things both the Right *AND* the Left has said about Weiner, I admire his courage..

Full Disclosure.. I also participated in a bit o' weiner bashing myself...

But, as I said. Credit where credit is due...

Michale

Michale

eliminating the latter doesn't mean the former will be equalized to income taxes

A canny Trump is positioning himself for the General Election by taking positions that are attractive to Democrats..

"We can't discard a possibility just because we don't happen to like it.."
-Martin Sheen, THE FINAL COUNTDOWN

I would have thought after all that we have been thru, ya'all would quit underestimating Trump...

It's possible that bigotry and hatred are simply too strong to overcome..

Michale

Meanwhile, I'll be interested to see if Trump continues in this vein or begins to pull back. I suspect he blurted out something (a stopped watch/twice a day, etc.) in one of his word salads and it remains to be seen whether it becomes a true plank for him or just one of the many things he's thrown out there for the hell of it.

My second favorite thing about the campaign(s) to date is the possibility Trump is doing all this to hasten the downfall of the repub party as currently constructed. Or is he simply the sublime instrument of fate?

Trump didn't commit to raising capital gains taxes to equal income taxes in the quotes you cited.
Carried interest is a separate loophole the rich abuse.

It was a great catch to note what others failed to report though... and any Repub just talking about it is indeed newsworthy.

As others have noted, his word isn't exactly gold, but let's hope a little fairness in the tax code gets enacted.

A

26

It's matched wagers by any other name. Call it futures if it makes you feel better : ) You can back an event (bet that the event will happen)or "lay" an event (bet against the event happening) by matching an unmatched back stake on the market (matchmaking is automated). Odds are in decimals. For a back position the odds are stake + payoff on a 1 unit stake. The greater the odds, the less likely an event will occur, and the higher the payoff + stake. For a lay position, you inherit the total liability if you lose, claim the pot if you win.

Implied probability of an even occurring are the inverse of the odds. The site plots odds/probs through time. Total matched bets amounted to a bit less than 1 million British pounds last time I checked.

Do I wager on BetFair. Not on your life. It would undermine my objectivity, annnnnd my family has a wee tendency towards problem gambling (investing), and that's likely genetic.

27

Regrettably, previous commitments and then some.

I know this is a long shot. Are either of you going to the Jackson Browne show next week at RiverBend?

"at this point in the process, I put the most faith in the wisdom of crowds expressed as futures investments which convert to implied probabilities"

I agree, but I don't really understand BetFair's site. Are they offering odds or is it some kind of exchange wagering? They own TVG and they used to relentlessly talk about exchange wagering for horse races because they were trying to get it legalized in CA. It didn't work out, so they don't talk about it much anymore.

Capital gains are "income". They're just a more privileged form of income than what the little people make.

"You must include all capital gains in your income"
http://www.irs.gov/uac/Ten-Facts-That-You-Should-Know-about-Capital-Gains-and-Losses

I may not every agree with what you say, but I sure as hell love the way you say it! :D

Michale

I am simply saying that the other side has a point..

As to my being FOR TRUMP??

Trump appeals to me on a visceral level..

He is willing to give a big and mighty "FRAK YOU!!!" to those who hate America both inside and outside our borders..

That appeals to me... :D

Michale

As I said, I am not "disagreeing" with Trump.. I am simply making an observation that the other side of the issue is a logical and rational point.

Having said that, I am not for Trump.. If Trump becomes the GOP candidate, I will likely vote for him..

I DO like, however, how Trump is VERY pro-America.. I can't see Trump going around the world apologizing for America and bowing to every tin-pot potentate or dictator on the planet..

I rarely watch anything on TV except for LAST SHIP, FALLING SKIES, SUITS, UNDER THE DOME and DOMINION..

Eagerly awaiting the return of SUPERNATURAL in October.. :D

All my news comes from the Web and I go out of my way to avoid videos.. :D

:D

Michale

I'm still surprised you disagree so strongly with Donald Trump regarding capital gains tax. I thought you of all people would respect his views.

It will be interesting to see how his followers take his tax proposals. I believe he is due to speak again in Ohio soon and New Hampshire next week.

Did you see his interview with Sarah Palin?

Odds of winning the Republican nonimation according to Betfair:

Trump: 15%, newly trending down
Bush: 38%, trending up slightly for a week
Walker 11%, nose dive
Rubio 13%, flat
Paul 2%, nose dive, "tell my wife I love her"
Huck 5%, flatish
Christie, 3% flatish
Cruz 3% down
Kasich 8% sustained up! Ohio, Ohio, Ohio!!
Carson, 13$, stuka dive, room for recovery?
Grahmam DOA, little transparent angel ascending
Jindal DOA, LTAA
Perry DOA, LTAA
Fiorina 3%, flameout, nose dive, ground rush,eject!..eject!
Ryan DOA LTAA

Over at the Democratic Nomination Field:

Clinton 70%, sustained descent, from high of 80%
Sanders, 13%, turbulence
Omalley 1%, running out of runway
Web DOA, crashed on takeoff, LTAA

I thought we were talking about capital gains tax, not outsourcing??

Trump is a business man and knows how it works which is why he wants to charge outsourcers an extra 35% tax until they bring jobs back to the US. Now that sounds far more likely to work, don't you think?

yes, in the instance of outsourcing, that does sound like it's more likely to work...

But let's apply that model to Capital Gains taxing...

If you charge people who want to invest in American companies MORE for doing it, less people will be inclined to invest is American companies......

Keeping in mind my KD/GP status, how is LESS investment in America a GOOD thing??

Michale

Where is the incentive for rich people to invest in America if you take away the tax breaks??

If you give children everything they want as they're growing up, it's true that few of them, if any, ever develop a work ethic because everything comes so easily to them.

The same is true about rich people - give them more and more money without them having to invest in extending their business or employing any more people and they won't. They will just take more and more from the government that is willing to give it to them for nothing.

Trump is rich and he knows this is true which is why he expects rich people to pay more in taxes. I also believe he knows far more about hedge fund managers than you and I so I find it odd that you think you know better than he does.

As for incentive, there's a Republican policy to charge outsourcers less in tax in the totally false belief that this will incentivize them to employ more Americans. Why is this utter nonsense? Because:
(1) If they did then employ more Americans, they would wind up paying more taxes
(2) It actually incentivizes other businesses to outsource so they also get the lower taxes.

Trump is a business man and knows how it works which is why he wants to charge outsourcers an extra 35% tax until they bring jobs back to the US. Now that sounds far more likely to work, don't you think?

Since when??

I mean, it never bothered ya'all when a Democrat does it..

Why is it a problem when a Republican does it??

Hmmmmmmm???

Michale

http://www.cnn.com/2015/08/27/politics/donald-trump-favorite-bible-verses/

Miller is not the only one who has noticed this. Due to the "one link only rule" I will only note that a quick Google search of "Trump Shifting Political Positions" gives a wealth of sources supporting this observation:

Tim Noah, Politico
Jannel Ross, Washington Post
Alana Brook, NewsMax
Condor Friedershoff, The Atlantic
Jill Colvin, Associated Press
Nate Cohn, New York Times
Carol Novielle, Charisma Caucus
Melannie Tanunbaum, Scientific American

and on and on, a very eclectic list! The would be emperor is a stark naked political streaker.

Even the lumbering Meet the Press, which seems to notice very little these days is in on the meme:

http://thehill.com/blogs/ballot-box/presidential-races/247643-meet-the-press-tracks-trumps-flip-flops

So yeah, Trump is trumping the Democrats on some elements of tax reform, but will he still hold the same view if he is elected? There is evolution, and there is radiation induced genetic mutation. Trump's political DNA seems more like the latter.

Their incentive is that they STILL make a TON of money by investing. Regardless of the rate at which said income is taxed, big-time investors make substantially more money than people who work for a living.

You don't say "sir" to me, I'm a sergeant, I work for a living.
Sgt. Hulka - Stripes

The only people who would be incentivized to invest by a lower tax rate would be the middle to upper-middle class. In that vein, I'd say you're right that capital gains and dividends perhaps ought to be taxed lower for small investors - let's say for argument's sake tax the first 100K of investment income at the lower rate, then anything above that at the regular tax rate...

but multi-million dollar investors would be making money hand over fist regardless, so for them it's less of an incentive and more of a free hand-out.

...and if economic stagnation is really an issue, i'd say lower the corporate tax rate - by taxing corporations instead of the people who own them, it sort-of lends credence to the status of corporations as "people." if only real people paid taxes, maybe only real people would have first amendment protected speech.

just a point to ponder...

JL

Tried reposting. Vanished.
Tried breaking it up even though it wasn't long to begin with. Vanished.

I never include links.
A comment on a different thread worked.

???

I'm surprised to find you disagreeing with Trump!

It's not so much disagreeing with anyone as it is seeing the logic from a different point of view..

Yet you think that hedge fund managers should pay virtually nothing, even though they'd invest in ISIS itself if it turned a profit for them.

Yea, I would imagine some are like that...

But you can't penalize EVERYONE, just because there are a few scumbags...

Investing in stocks is a GOOD thing because it allows businesses and companies to grow..

Where is the incentive for rich people to invest in America if you take away the tax breaks??

Answer... There is none....

As I said, I don't particularly agree with one side or the other.. I am just a simple knuckle-dragging ground pounder and hooty-tooty economic theory is like voodoo to me...

But I do have an abundance of common-sense and that tells me that, unless you give an incentive for people to invest, they won't...

And, if people don't invest, economies stagnate...

Michale

Great catch, but I believe carried interest and capital gains are two different loopholes the rich abuse. So unless the quotes didn't include part of what he said, Trump only committed to eliminating carried interest, not raising capital gains to be equal to the income rates.

Great catch, but I believe carried interest and capital gains are two different loopholes the rich abuse. So unless the quotes didn't include part of what he said, Trump only committed to eliminating carried interest, not raising capital gains to be equal to the income rates.

I have heard Bernie talk about raising taxes on the rich outside of the transaction tax, so it's another great catch CW that it doesn't appear on his "issues" page.
I hope his supporters pressure him to commit to it.

I commented in another forum that if Bernie is elected, we'd finally see some bipartisanship by the congresscritters... working against him at the behest of Big Money.

I imagine the same would be true with Trump.

I'm surprised to find you disagreeing with Trump!

You don't think Trump invests in businesses by contracting them to work on his projects? Yet you think that hedge fund managers should pay virtually nothing, even though they'd invest in ISIS itself if it turned a profit for them. Wall Streeters couldn't care less about any business but their own. As soon as stocks start to go down, they don't try to help those businesses. No, they seal their fate by dumping them without a second thought!

Trump has a problem with this which is understandable from a businessman.

I don't see what's all that ridiculous that Mexico will pay for the border wall...

It's quite simple, actually...

Michale

http://sjfm.us/temp/cw_comment1.jpg

Had ta get creative.. :D

Michale

Looks like this particular commentary is being particularly nasty with the NNL Filters.. :D

Michale

Michale

Think about it..

When a person plays the Stock Market, what are they really doing..

They are investing in someone else's business.. They are giving their money to someone else so that someone else can build something...

Now, it would be nice if we lived in the Democrat Koom Bye Ya world where everyone did nice things like this out of the goodness of their heart..

But we don't live in that world... We live in a world were most people need an incentive to do a good thing...

And the incentive to invest in other people's businesses is a good return with a lower tax rate...

Don't get me wrong.. I am not defending the practice...

But, as I am wont to do, I am looking at the issue from the OTHER perspective and acknowledging that there IS logic and fairness to the other side of the argument...

Michale

While it may be a big contributor to income inequality, it really isn't unfair....

Michale

While it may be a big contributor to income inequality, it really isn't unfair....

Think about it..

When a person plays the Stock Market, what are they really doing..

They are investing in someone else's business.. They are giving their money to someone else so that someone else can build something...

Now, it would be nice if we lived in the Democrat Koom Bye Ya world where everyone did nice things like this out of the goodness of their heart..

But we don't live in that world... We live in a world were most people need an incentive to do a good thing...

And the incentive to invest in other people's businesses is a good return with a lower tax rate...

Don't get me wrong.. I am not defending the practice...

But, as I am wont to do, I am looking at the issue from the OTHER perspective and acknowledging that there IS logic and fairness to the other side of the argument...

Michale

My first comment failed to appear... is it lost to the ether?

They are whisked away to NNL...

You remember the TOS episode THE PARADISE SYNDROME??

A certain combination of vowels, consonants and tones opens the door to the anti-asteroid obelisk...

Here in Weigantia, a certain combination of words, phrases or letters and yer comment is shunted to NNL...

Possible workarounds are, if it's a long comment, break it up by paragraphs...

Having said all that, if you put more than one link in the comment, it's held for moderation... :D

I know, I know.. With me, I always hear zebras.... :D

Michale

If you take away the ONE issue (immigration) Trump is a Democrat DREAM candidate!

Many of you have said on more than one occasion that the -D or the -R after a persons name doesn't matter to ya'all...

Now is ya'all's chance to prove it... Here is a candidate that has some REALLY good Democrat ideas..

But, because Trump has (at THIS point in time) a -R behind his name, NOW he is Lucifer-Incarnate...

Ya'all have stated time and time again that you would support ANYONE with good ideas..

OK, now is ya'all's chance to step up...

Put yer money where yer mouth is..

A million quatloos says no one can... :D

Michale

One of my comments from Friday never showed up either.

Great catch, but I believe carried interest and capital gains are two different loopholes the rich abuse. So unless the quotes didn't include part of what he said, Trump only committed to eliminating carried interest, not raising capital gains to be equal to the income rates.

I have heard Bernie talk about raising taxes on the rich outside of the transaction tax, so it's another great catch CW that it doesn't appear on his "issues" page.
I hope his supporters pressure him to commit to it.

I commented in another forum that if Bernie is elected, we'd finally see some bipartisanship by the congresscritters... working against him at the behest of Big Money.

I imagine the same would be true with Trump.

Of course, feel free to delete the mess I've made...

Great catch, but I believe carried interest and capital gains are two different loopholes the rich abuse. So unless the quotes didn't include part of what he said, Trump only committed to eliminating carried interest, not raising capital gains to be equal to the income rates.

I have heard Bernie talk about raising taxes on the rich outside of the transaction tax, so it's another great catch CW that it doesn't appear on his "issues" page.
I hope his supporters pressure him to commit to it.

I commented in another forum that if Bernie is elected, we'd finally see some bipartisanship by the congresscritters... working against him at the behest of Big Money.

I imagine the same would be true with Trump.

Of course, feel free to delete to clean up the mess I made...

My first comment failed to appear... is it lost to the ether?

Just to clarify about your comments on the quotes, the carried interest and capital gains are two different loopholes. Eliminating the carried interest loophole doesn't mean he supports increasing the capital gains rates to equal the regular income rates... at least, unless the quotes just don't make that clear.

Regardless, this was a great catch that everybody else missed or one the corporate media didn't want reported.

In a different forum, I mentioned how much bipartisanship we'd suddenly see if Bernie was elected due to Big Money pressuring congresscritters in both parties against certain policies.

I imagine the same would be true with Trump.

I have heard Bernie talk about raising taxes on the rich outside of the transaction tax, so it is surprising, or maybe not as you say, that he hasn't included it in his "issues" page... which is itself a good catch CW.
His supporters should be asking why that is so.

Now, if Trump would, like Bernie, just talk about expanding social security instead of privatizing it, implementing single payer health care and not flushing trillions down the toilet on illegal wars, we'd have an interesting election indeed.