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golfguru

(4,987 posts)

31. I agree on taxes for income from gambling

Tue Feb 21, 2012, 09:18 PM

Feb 2012

such as short term paper transaction in stocks & options. Granted they are risking their
own cash to make a profit, but it serves not much useful purpose to anyone.

However people who "invest" in a company stock for a long time provide very
valuable service to the company by providing capital without which no business can
operate.

I think long term capital gains should be taxed same as earned income provided there
is a factor allowed for inflation.

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Gingrich backer willing to give $100M to benefit former House speaker [View all] mahatmakanejeeves Feb 2012 OP

Schools across the country are in need of new computer labs that INdemo Feb 2012 #1

It's rewarding to hear that he is against the wealthy influencing elections. humblebum Feb 2012 #2

Hmmmmm! The pot calling the kettle 'black' - eh? -- n/t mazzarro Feb 2012 #17

yeah I caught the irony, too wordpix Feb 2012 #49

re: Gingrich backer willing to give $100M to benefit former House speaker allan01 Feb 2012 #3

That $100 Million golfguru Feb 2012 #5

The bottom 50% like myself pay so little because we earn so little. cstanleytech Feb 2012 #9

This is one of the few countries golfguru Feb 2012 #32

The Haves and the Soon-To-Haves? Suji to Seoul Feb 2012 #35

No, I am much taller n/t golfguru Feb 2012 #37

Marco Rubio, is THAT you? Suji to Seoul Feb 2012 #47

Granted however the point is cstanleytech Feb 2012 #59

can you give me 2 example of countries golfguru Feb 2012 #69

Does this link help you? cstanleytech Feb 2012 #71

Interesting statement... xocet Feb 2012 #64

Yeah, anybody can "hope". bluedigger Feb 2012 #70

Damn! I thought you were dead, Horatio. Tom Ripley Feb 2012 #75

Sorry, that is just pure absolute right-wing bullshit Hugabear Feb 2012 #77

First, I think you mean Federal Income Taxes liberalmike27 Feb 2012 #13

I agree on taxes for income from gambling golfguru Feb 2012 #31

135 million. Fearless Feb 2012 #23

We can agree on that 100% golfguru Feb 2012 #29

Are you assuming his income is wages? Suji to Seoul Feb 2012 #33

Adelman is older than the hills golfguru Feb 2012 #36

Then his tax rate is SLT Cap Gains of 15%. Suji to Seoul Feb 2012 #39

You must be very young. The 15% tax rate is young also. golfguru Feb 2012 #44

I've been around taxes and taxation my entire life Suji to Seoul Feb 2012 #46

. Incitatus Feb 2012 #25

Re-read my post golfguru Feb 2012 #34

. Incitatus Feb 2012 #43

Why are you hung up on numbers? The main point is golfguru Feb 2012 #45

My math was off too, but he doesn't pay as much as you originally claimed. Incitatus Feb 2012 #51

If you research my posting history, you will find I am for tax payer funded elections n/t golfguru Feb 2012 #66

Why are you using material used by Rush Limbaugh on his website? Suji to Seoul Feb 2012 #26

Why do youlisten to Rush Limbaugh? golfguru Feb 2012 #28

I live in China. I don't listen to any of those jerks because when they are on Suji to Seoul Feb 2012 #30

That tax data is straight from IRS golfguru Feb 2012 #38

Again, you are defending an organization with a noted right wing bent Suji to Seoul Feb 2012 #40

Only thing I can and will defend are facts golfguru Feb 2012 #42

The bottom line, though, is after the 1% pay their taxes, gateley Feb 2012 #56

Yes, I am for 100% tax payer funded elections golfguru Feb 2012 #67

Agree and agree. nt gateley Feb 2012 #72

Somehow I seriously doubt that quakerboy Feb 2012 #54

If you are as old as I am, golfguru Feb 2012 #68

Bologna quakerboy Feb 2012 #73

how could somebody worth $25 billion be so stoopid? Am I missing something? stockholmer Feb 2012 #4

K&R your post lark Feb 2012 #6

There's an "R" missing from the word "cooked" in that pic Bozita Feb 2012 #7

Hmm suddenly I am craving a BLT. cstanleytech Feb 2012 #10

U.S. Capitalism. go west young man Feb 2012 #11

Hey Adelson, remember what brought Hitler to power?. pwb Feb 2012 #8

He would take that as a compliment. n/t Tansy_Gold Feb 2012 #12

Think of what 100million could do to help feed the hungry instead LynneSin Feb 2012 #14

A weeks worth of groceries for 2 million people FrodosPet Feb 2012 #27

Here's a list of his hotels - ones to avoid LynneSin Feb 2012 #15

Roberts and Alito are probably both thinking... DFW Feb 2012 #16

I guess this is his idea of job creation. Mz Pip Feb 2012 #18

If this money has to be wasted like this fantomas Feb 2012 #19

He's given almost 7 times as much to charities thelordofhell Feb 2012 #20

You misspelled "tax deductions" JHB Feb 2012 #21

This is Nuckin Futz BadGimp Feb 2012 #22

he didn't really say that CindyT44 Feb 2012 #24

Casino magnate / Republican DaveJ Feb 2012 #41

Sadly, he's not the worst of them ... Nihil Feb 2012 #80

some poor kids' parents go broke gambling & this jerk is a billionaire wordpix Feb 2012 #48

(knock knock, knock) Newty. (knock knock, knock) Newty. (knock knock, knock) Newty. Suji to Seoul Feb 2012 #50

Well, that's one post I agree with you on. Rozlee Feb 2012 #65

Weird. This is just like saying, "I want to buy a president." n/t Beartracks Feb 2012 #52

Adelson must be addled amuse bouche Feb 2012 #53

Wow thats a lots of book sales....of "Newt gone Wild". Historic NY Feb 2012 #55

Glad to see another asshole waste money on cliffordu Feb 2012 #57

He probably won't give a nickel to help people in real need. donheld Feb 2012 #58

I hope this idiot spends all his money without accomplishing his goals. diane in sf Feb 2012 #60

So those voting Newt Turbineguy Feb 2012 #61

That's all any voter gets in America ... Nihil Feb 2012 #79

crazy jimmac1959 Feb 2012 #62

Department of pounding sand down a rat hole Botany Feb 2012 #63

Adelson is buying himself a war with Iran.. mudstump Feb 2012 #74

Bingo! ""The uniform that I wore in the military, unfortunately, was not an Israeli uniform, it was Tom Ripley Feb 2012 #76

The price of free speech... squicked Feb 2012 #78

$100 Million Wow!! Groundbreaking in Jerusalem for New Embassy -- February 22, 2012 eringer Feb 2012 #81