Obama seeking tax increases on wealthy to help middle class

Houston Chronicle ^ | January 17, 2015 | JULIE PACE

[silverleaf]

Obama wants everyone to be middle class
Including the “ wealthy”

Hmmm, if his friends and donors all turn middle class, whose beach house and ski chalet will his wife and daughters park at for free vacay?

[silverleaf]

If you don’t sell your stocks and properties you don’t generate capital gains, so no tax. Personally I find high tax rates to be a disincentive
to sell my investments and buy others . So I sit on them . The net effect is reduced economic activity and no taxes incurred. I’m sure I am among millions making similar decisions to forego taking gains att

[Vaduz]

Obama seeking tax increases on wealthy for more spending money more like it his loans are tapped out.

[BookmanTheJanitor]

Average American income is down under Obama - no more help, please.

[kearnyirish2]

“will also include calls for lawmakers to make community college free for many students”

Read: No white or Asian males included.

[catfish1957]

If you don’t sell your stocks and properties you don’t generate capital gains, so no tax. Personally I find high tax rates to be a disincentive to sell my investments and buy others . So I sit on them . The net effect is reduced economic activity and no taxes incurred. I’m sure I am among millions making similar decisions to forego taking gains att

That was the point I was trying to make. A capital gain is not a gain, until the equity is sold. The prior poster did not understand or was not clear on that matter.

Not only is the potential revised rule detrimental to selling equities, but is will be a dis-incentive to purchase new ones.

Obolo and his band of dumbasses are masters of the law of unintended consequences.

[Vendome]

I believe the restaurant will be successful through event sales.

I hsve several friends who have restaurants and the most successful ones have a good number of events each week in the restaurant and catered.

My goal is to put a brass plaque at the end of the bar signifying that is my spot.

[Vendome]

I don’t have a problem with people getting assistance.

I do have a problem with those who live off the rest of us, when they really are capable of supporting themselves.

[Cementjungle]

Same tired old class warfare BS. The guy’s an agitator through and through.

[Raycpa]

There is no capital gain tax when there is no sale.

[catfish1957]

That is exactly what I have been saying. The original poster alluded otherwise.

[Graybeard58]

I don’t have a problem with people getting assistance.

One huge problem is, that it is unconstitutional.

[Vendome]

Cynic....

[Graybeard58]

Obama is not the father of "gimmes" but he's certainly the great enabler and increaser.

I'm so sick of his sorry a$$ and we have two more years to endure his treasonous b.s.

[Vendome]

Well, if Congress performs their constitutional duty and votes for Obama’s initiatives we’ll know the gig is up.

[CorporateStepsister]

Yeah, well, it’s this nation that elected this jerkoff twice. So bluntly put, there are a lot of voters who in my view should experience EVERY BITTER DROP of Obama’s psychotic rule.

[CorporateStepsister]

Amen!

If you’re able bodied, learn a trade and get on your feet that way.

[Varsity Flight]

And will be passed with the usual “bipartisan” “working together” compromise, and as usual hit the middle class right square in the jaw.

The Exempt Ones, strike again.