Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: FAIL. Obama LOWERED Capital Gains Tax from 40% to 20%! [View all]grahamhgreen
(15,741 posts)114. Wall street profits the most from short term capital gains rates being low. They were 39.6% just
two days ago, now they are 20.
Edit history
Please sign in to view edit histories.
152 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Do you have a link to that data other than one of your own posts, like from the CBO, or the
grahamhgreen
Jan 2013
#85
They are right. The Capital Gains rate used to be 25%. The rate was decreased to 20%
bluestate10
Jan 2013
#128
What it appears is that when the "Budget Control Act of 2011" went into effect at Midnight on the
grahamhgreen
Jan 2013
#38
"No deal" would have raised more taxes and resulted in a more progressive tax system.
W_HAMILTON
Jan 2013
#24
Your two-sentence responses aren't doing very much to further your position or this discussion.
W_HAMILTON
Jan 2013
#45
You think it is a good idea that the average middle class family would pay $2000 more in taxes per
stevenleser
Jan 2013
#50
If simply paying more taxes than you were before means a deal is not progressive...
W_HAMILTON
Jan 2013
#55
Hurting the middle class so we can also hurt the wealthy at the same time is not Progressivism
stevenleser
Jan 2013
#56
Exactly. And I think some who claim to be progressive are really just vindictive towards wealth.
phleshdef
Jan 2013
#59
The payroll tax holiday was a temporary stimulus measure and has zero to do with a progressive code.
phleshdef
Jan 2013
#78
No one wants to "hurt poor and/or middle class people" and for you to suggest that
rhett o rick
Jan 2013
#146
It's not intellectually dishonest, it's right on point considering the feedback here. We won this
stevenleser
Jan 2013
#149
No cuts in SS is not a victory. This is a good example of where some Democrats are today.
rhett o rick
Jan 2013
#150
Wrong. The payroll tax cut as a long term tax cut would harm solvency of Social Security.
phleshdef
Jan 2013
#58
Obama was going for $1,600,000,000,000 of revenue -- "compromised" on about 1/3 that much
BlueStreak
Jan 2013
#81
I'm done at the word "backbone". Its being overused by a bunch of keyboard warriors....
phleshdef
Jan 2013
#83
Well, that's the first thing I'll agree with you on: the title of your post.
W_HAMILTON
Jan 2013
#123
It went up significantly less than it would have had nothing been done.
Egalitarian Thug
Jan 2013
#69
You are wrong about the Capital Gains tax, it would not have been raised had Obama
bluestate10
Jan 2013
#132
OK fine, I'm tired of arguing minutiae. That still doesn't change the fact that overall revenues
Egalitarian Thug
Jan 2013
#137
20%, instead of 40%. It was supposed to go to 40%. All that revenue was just given to the rich.
robinlynne
Jan 2013
#127
This is the sort of OP that makes me wish we still had an "unrec" button...
regnaD kciN
Jan 2013
#11
I'm beginning to find people who invent silly names like The Grand Bamboozle for important issues..
DFab420
Jan 2013
#16
Capital Gains Taxes Applies to Folks Selling Their Homes to Pay Their Retirement
Yavin4
Jan 2013
#20
If you roll the proceeds into any approved retirement account all the taxes are deferred.
Egalitarian Thug
Jan 2013
#71
And real estate proceeds. When the accounting pro comes home I'll double check. n/t
Egalitarian Thug
Jan 2013
#91
This tax thing has only just started & BO is NO fool about what AMERICAN jobs look like. nt
patrice
Jan 2013
#28
President Obama raised the capital gains tax. Another anti-President Obama slant.
graham4anything
Jan 2013
#29
Capital gains and dividends should be taxed at the exact same rate as income nt
abelenkpe
Jan 2013
#30
What part of, "The Right is lining up DROOOLING at the chops for 2016 already" don't you get?????
patrice
Jan 2013
#33
Republicans won't rest until BHO's tax cuts for the most affluent have been paid for
indepat
Jan 2013
#37
You didn't make it clear that those would have been the rates had we stepped off the fiscal curb.
Egalitarian Thug
Jan 2013
#48
No deal, the cuts expired. That is completely documented. You can pretend otherwise all you
Egalitarian Thug
Jan 2013
#57
It expired? What the hell does that have to do with the fact that the rate was never 40 percent? n/t
ProSense
Jan 2013
#60
1999-2000, long-term rates were 20 percent and short-term rates were 39.6 percent
ProSense
Jan 2013
#72
You link to your post which links to 3 more of your posts, none of which says
Egalitarian Thug
Jan 2013
#74
Yes. The short term capital gains rate was 39.6%. So what about it? The 4/10ths?
Egalitarian Thug
Jan 2013
#90
You have yet to show one single fact in this whole thread, as I pointed out.
Egalitarian Thug
Jan 2013
#129
Here's the thing, at midnight on the 31st, short term capital gains went up to 39.6%,
grahamhgreen
Jan 2013
#102
Bloomberg reports Bush lowered long term capital gains tax from 20 to 15. Obama restored it to 20.
pnwmom
Jan 2013
#64
I understand. I'm not saying he is a total loser, just that this deal was not the best he could
grahamhgreen
Jan 2013
#116
Wall street profits the most from short term capital gains rates being low. They were 39.6% just
grahamhgreen
Jan 2013
#114
DU used to have rules about intentionally misleading OPs. Is that all in the past?
Buzz Clik
Jan 2013
#98
No, it's true. Although I will admit I have learned from the discussion that it is SHORT TERM
grahamhgreen
Jan 2013
#113
I have not seen a link to the short term cap gains rate being taxed at 39.6% post deal.
grahamhgreen
Jan 2013
#131
But the difference between 40% and 55% is $3.24 billion. You think he doesn't care about that? n/t
Egalitarian Thug
Jan 2013
#138
This is an opportunity for state governments to impose higher taxes on those types of income.
JDPriestly
Jan 2013
#152