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In reply to the discussion: Bernie lost me with the Robin Hood Tax [View all]questionseverything
(11,836 posts)134. minimum income seems reasonable
or maybe we should double personal exemptions as a starting point on helping the middle class
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Not much is about me. I lost my healthcare benifits already, and did it with a smile...
Joe the Revelator
May 2015
#177
I blame my company for that, but you could see it coming a mile away. I could added my voice
Joe the Revelator
May 2015
#204
Wait, how did the Affordable Care Act cause your company to drop its insurance?
CreekDog
May 2015
#221
This is what gives me a headache with DU...anyone who doesn't tow a candidates line and points out
Joe the Revelator
May 2015
#252
What final details???? Until you accept that this is a NEW bill, that does not offer a carve out,
Joe the Revelator
May 2015
#255
That was the nicest response to a grammar policeman I've ever seen! Good job!
Elmer S. E. Dump
May 2015
#352
No, in fact, if you READ what i posted above, before just jumping in, I clearly blamed my company
Joe the Revelator
May 2015
#232
Actually, in some cases the premiums might be unaffordable to some. That is why the
still_one
May 2015
#304
It is puzzling, since I saw another thread which indicated this only affects hedge funds and
still_one
May 2015
#347
The point is, I got on board thinking that he would be protecting the middle class...
Joe the Revelator
May 2015
#179
You "lose" much more money in your 401K to the games the big financial corps play
newthinking
Oct 2015
#393
As i said, he did have me, but again, I may not have understood him as well as I thought he did.
Joe the Revelator
May 2015
#40
Unless a retirement fund is a pile of money under a mattress, it will get taxed
geek tragedy
May 2015
#196
Exempt retirement funds and health savings accounts and this is a good bill. nt
geek tragedy
May 2015
#287
That means that everytime a 401k or a 529 or an eft account was rebalanced you lose 50 cents on
Joe the Revelator
May 2015
#8
You'll get new tech, advances in living longer, living better, etc, from the kids who go to school.
Erich Bloodaxe BSN
May 2015
#283
I oppose taking money away from janitors' retirement accounts and giving it
geek tragedy
May 2015
#146
There's a tax credit for an individual with a modified adjusted gross income under $50k
muriel_volestrangler
May 2015
#345
that exempts lower income retirees from paying the tax if they directly sell stocks in their
geek tragedy
May 2015
#384
Whats the source on that? I believe that is talking about the Haskin FTT bill....
Joe the Revelator
May 2015
#224
Right. The offset here is the cost of the college tuition. There is no offset for retirement funds,
Joe the Revelator
May 2015
#234
Not when you lose. Never heard of these tournament rules or anyone who did a slot tournament
LittleBlue
May 2015
#156
Then she better quit gambling. Because the house is adding a cost to buy in to each hand.
Erich Bloodaxe BSN
May 2015
#282
Funds that trade in EFT need to be rebalanced quite often, which requires a trade.
Joe the Revelator
May 2015
#235
Then why not an income threshold? Middle class people aren't institutions or other market-makers
LittleBlue
May 2015
#257
Even writing covered calls could be considered day trading to supplement income
still_one
May 2015
#305
I am not opposed to a tax either, just who the tax is going to affect.
Joe the Revelator
May 2015
#9
It's a small amount. Truthfully, if you have kids who might go to college you'll come out ahead.
Hoyt
May 2015
#22
If having 3 dollars taken out of a tax deferred retirement account....
Joe the Revelator
May 2015
#172
How would this not apply to purchases and sales of stock by public employee pension funds? nt
geek tragedy
May 2015
#29
No, you linked to websites. You haven't identified the language in the legislation that exempts
geek tragedy
May 2015
#126
They've been on board so long as it doesn't apply to worker pensions and retirement
geek tragedy
May 2015
#55
This would tax every share of stock purchased or sold by an employee retirement fund
geek tragedy
May 2015
#44
This is a conversation starter--it would never become law--unions would kill it
geek tragedy
May 2015
#21
The money raised by the new tax would be more than the cost of college tuitition.
Cheese Sandwich
May 2015
#213
Is the jibe here that I'm not part of the middle class because I have a small 401k and my kid has..
Joe the Revelator
May 2015
#34
You realize that Bernie Sanders himself refers to it as 'The Robin Hood Tax' right?
Joe the Revelator
May 2015
#180
According to anyone who thinks taxing the middle classes retirement funds is a dumb idea....
Joe the Revelator
May 2015
#186
You do understand that this is not how you win elections....lose the middle class and who is going
Joe the Revelator
May 2015
#215
No, you don't have to explain an opinion, but when you do and your facts don't add up
kcr
May 2015
#238
THAT wasn't your argument. Your argument was that my fact RE: 401k's being taxed was wrong. It's not
Joe the Revelator
May 2015
#249
From the bill. It includes no offset for 401ks, public pensions or 529s
Joe the Revelator
May 2015
#72
The same reason I wouldn't support any other tax that goes after the middle class.
Joe the Revelator
May 2015
#109
Yup, you are making it clear that your needs are more important than others, I guess.
Bonobo
May 2015
#121
Sure. So are we now saying that as a democrat, I am suppose to support tax increases....
Joe the Revelator
May 2015
#154
'The truth is that money accrued from investments should be taxed at a higher rate than they current
Joe the Revelator
May 2015
#165
They are...it would be small, but still, there are better ways to go about this.
Joe the Revelator
May 2015
#37
Robin Hood Taxed The RICH... To Give To the Poor... You Telling Me You're RICH ???
WillyT
May 2015
#26
Because instead of going after the so called 'fat cats', he's going against anyone who is in the
Joe the Revelator
May 2015
#79
Not everyone who disagrees with you is a shill...point out where there is a retirement fund offset
Joe the Revelator
May 2015
#118
Who are "they"? Stop seeing boogymen in the shadows. Look at my damn post history...
Joe the Revelator
May 2015
#114
It Once Was... The Only Way The Rich Could Shelter Their Asserts Was By Tax Shelters...
WillyT
May 2015
#124
Or, more likely, as Steinbeck put it, he's one of the "temporarily embarrassed millionaires"
Electric Monk
May 2015
#50
401k's are designed to maximise profits for the traders, not provide security.
Half-Century Man
May 2015
#47
If true, why get boned more? Boning the already boned isn't very fair to begin with. nt
Joe the Revelator
May 2015
#53
I do not see the exemption for retirement funds that you keep alluding to.
Joe the Revelator
May 2015
#122
The robin hood tax would benefit someone with absolutely no savings, but it would most certainly...
Joe the Revelator
May 2015
#125
The idea that a tax on ANYONE who has ANY money in the stock market constitutes the 1%...
Joe the Revelator
May 2015
#97
+1, it would've been better to put the tax on cap gains vs trades because of the number of trades...
uponit7771
May 2015
#192
'businesses' that depend on trading with fine margins are useless
muriel_volestrangler
May 2015
#270
That's actually the point. 'Volume trading' is just a way to screw the little people
Erich Bloodaxe BSN
May 2015
#285
It does not my friend. By all means though, if your reading comprehension is better than mine..
Joe the Revelator
May 2015
#166
The original FTT has exceptions (by way of tax off sets) for 529s, 401ks, public pensions
Joe the Revelator
May 2015
#169
It will most certainly affect the middle class and anyone else who has a retirement fund that is on
Joe the Revelator
May 2015
#170
This purity test bullshit is so stupid. If wanting to protect every dollar of a retirment account...
Joe the Revelator
May 2015
#176
I respect your stance, I just don't agree with it. I am for no new taxes on the middle class
Joe the Revelator
May 2015
#184
Hold your stocks an average of 5 years, and you'll be paying 0.1% of the 401k value a year
muriel_volestrangler
May 2015
#271
You go right on insulting everyone who has to worry about how to put food on the table
BainsBane
May 2015
#218
You keep doing what you're doing which is jumping on a high horse and putting your hands...
Joe the Revelator
May 2015
#237
I knew what i was in for with a 401k when i started paying in for it.
Joe the Revelator
May 2015
#214
There IS a tax on 401ks. You can join the circle jerk about a 2 year old bill that has NOTHING to do
Joe the Revelator
May 2015
#227
Because capital gains are already taxed on 401k.Plus, any sane politician would make a minimum
Joe the Revelator
May 2015
#240
No, the other problem I have is that there are NO inspiring candidates this time around.
Joe the Revelator
May 2015
#246
The people who are trying to raise families, and make it through until retirement should not be give
Joe the Revelator
May 2015
#253
That's a rather despicable accusation to make against every American with a retirement
geek tragedy
May 2015
#203
no, it's a reasonable observation about every American who doesn't want to help...
mike_c
May 2015
#307
There is a lot of economic self interest involved in discussions of politics
BainsBane
May 2015
#207
Circle the wagons man. You're right, I'm but one man, and I have but one vote.
Joe the Revelator
May 2015
#239
Methinks he was part of the Billionaires for Bernie faction here at DU - nt
KingCharlemagne
May 2015
#280
if this tax occurred within a Scandinavian safety net w/o decimated middle class, yes
zazen
May 2015
#265
I notice it seems to draw support from supporters of a specific different candidate.
Erich Bloodaxe BSN
May 2015
#288
You know who else proposed a 0.5% transaction tax on shares? Larry Summers
muriel_volestrangler
May 2015
#268
If after taking the time to read through a 200+ post thread, in which I responded to everyone
Joe the Revelator
May 2015
#302
I also do not agree with Bernir on his proposal that drug patient laws should be
still_one
May 2015
#306
It could cost me 5 nickels, i still think a new tax that affects retirement accounts of the...
Joe the Revelator
May 2015
#325
Umm, well, if the 401k contains ETFs, then it is relevant (which seems to be the case here).
DanTex
May 2015
#369
Right, we went over this last night, the difference in this bill and the FTT from the past....
Joe the Revelator
May 2015
#326
I wasn't here last night. I also wasn't aware that the text of this bill is available yet.
DanTex
May 2015
#331
CAN I HAVE YOUR ATTENTION, PLEASE? YOU! YES, YOU IN THE BACK...CAN YOU HEAR ME? GOOD.
A HERETIC I AM
May 2015
#354
The lesson here is, don't listen to all-caps financial advice given on the internet...
DanTex
May 2015
#365
So, Joe, has it occurred to you yet that your "someone is wrong on the internet" cartoon might be
Electric Monk
May 2015
#375