One of the reasons corporate taxes are "so high"

[Highwayman]

Originally Posted by Bubba

...I invest almost the maximum allowed in my 401k/IRA. I think I'm sitting pretty good, just don't have the money to put into stocks.

You have a 401K that isn’t invested in stocks?

[Made in the USA]

Originally Posted by Bubba

I won't pay more taxes than I do now

Don't forget the "Peter" Tax.

Originally Posted by Army_of_One

So you didn't get a tax cut? Do you invest at all?

I invest in beer, horses, sports, and women---not necessarily in that order! All of them give me a "tax cut".

Originally Posted by Army_of_One

As a poor, lower middle class bastard when was the last time I created a job or anything like that?

Oh boy--------nope, I can't do it!

Originally Posted by Bubba

Who's Dave?

Dave died. He choked on a Wendy's chicken nugget.

[Army_of_One]

Originally Posted by Bubba

Who's Dave?

Dave Ramsey

[Bubba]

Originally Posted by Highwayman

You have a 401K that isn’t invested in stocks?

What's your point???? Even I know that there are no capital gains in a 401k. All growth in a 401k is tax-free. After you retire and start drawing out the funds it is taxed as regular income. It makes no difference if it is invested in stocks, bonds, real estate, or guaranteed interest accounts.

[Bubba]

Originally Posted by Army_of_One

Dave Ramsey

Don't know him.

[Highwayman]

Originally Posted by Bubba

What's your point????.....

I just have some crazy idea that if you invest in a 401K with the idea that it will grow your investment in the long term that you might favor a tax policy that helps grow your money.

Fact: Cutting capital gains tax rates will, as it has in the past, cause asset values, including stock markets, to rise.

• Some people claim that lowering capital gains tax rates will cause the stock market to fall, because people would sell their investments. By this silly logic, if people want to increase stock market values, then there should be an increase in capital gains tax rates, because, then investors would be less willing to sell investments.
  
• In fact, lowering capital gains tax rates increases the prices of stocks and other assets. Stock markets reflect the collective actions of people looking forward.
  
• Lowering the cost of capital by decreasing tax rates on investment returns will increase asset values.
  
• For example, the 1997 cut in the top capital gains tax rate from 28 percent to 20 percent increased stock prices by approximately 8 percent.

Myths & Facts Of Capital Gains Tax Cut,Capital Gains Tax, What Is Capital Gains Tax, Short-Term Capital Gains, Long Term Capital Gains, Capital Gains For Nri, Concessions & Set Off, Rate Of Capital Gain Tax In India

Every round of cuts in the cap-gains tax for individuals has been a triumph. In 1978, 1981, 1997, and 2003 the capital-gains rate for individuals was cut and the stock market rallied strongly, driving sizable increases in tax revenues. Cutting the cap-gains tax is the ultimate supply-side win-win. The most recent reduction, in 2003, breathed life back into the stock markets from the moment it was conceived, triggering a remarkable rally that is still underway.

Phil Kerpen on the Corporate Capital-Gains Tax on NRO Financial

The 2003 tax cuts probably contributed to a strong stock market in 2003, which helped to increase tax revenues on capital gains. The stock market experienced the second largest percentage increase in the past decade: The broad-market indexes experienced double-digit annual growth rates after the 1997 capital gains tax cut and the 2003 capital gains tax cut.[13] This increase in equity capital helped to finance new businesses and has led to the increased job growth since the summer of 2003.

Make the Dividend and Capital Gains Tax Rates Permanent to Keep the Economy Growing

[Bubba]

The stock market will rise and fall no matter what the tax policy is. The stock market has been in a steady decline since about October of 2007. While the tax cuts are still in effect.

[Army_of_One]

Originally Posted by Bubba

The stock market will rise and fall no matter what the tax policy is. The stock market has been in a steady decline since about October of 2007. While the tax cuts are still in effect.

Tax cuts are not the sole thing that controls the market. There are many other forces but they do contribute.

What do you think would happen to the market and our economy if taxes were raised Bubba...or "the Bush tax cuts were rolled back"???

[Bubba]

It would find a way to recover just like the housing crisis will find a way to recover.

[Army_of_One]

Originally Posted by Bubba

It would find a way to recover just like the housing crisis will find a way to recover.

You mean with other tax payers bailing them out...?