Home › Forums › Financial Markets/Economics › Stock market set to rocket on prospects of Obama Presidency (up 250 points already)
- This topic has 520 replies, 32 voices, and was last updated 15 years, 6 months ago by TheBreeze.
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November 4, 2008 at 7:54 AM #298451November 4, 2008 at 7:59 AM #298033CoronitaParticipant
Don’t worry Breeze. If you were to make any money on any rebound in the stock market, it will be nicely taxed once you exceed $250k a year. And if it doesn’t push you over $250k, well it’s not really significant to be worth talking about, especially not enough to offset your 201k.
Thanks for contributing to spreading the wealth.
November 4, 2008 at 7:59 AM #298382CoronitaParticipantDon’t worry Breeze. If you were to make any money on any rebound in the stock market, it will be nicely taxed once you exceed $250k a year. And if it doesn’t push you over $250k, well it’s not really significant to be worth talking about, especially not enough to offset your 201k.
Thanks for contributing to spreading the wealth.
November 4, 2008 at 7:59 AM #298395CoronitaParticipantDon’t worry Breeze. If you were to make any money on any rebound in the stock market, it will be nicely taxed once you exceed $250k a year. And if it doesn’t push you over $250k, well it’s not really significant to be worth talking about, especially not enough to offset your 201k.
Thanks for contributing to spreading the wealth.
November 4, 2008 at 7:59 AM #298409CoronitaParticipantDon’t worry Breeze. If you were to make any money on any rebound in the stock market, it will be nicely taxed once you exceed $250k a year. And if it doesn’t push you over $250k, well it’s not really significant to be worth talking about, especially not enough to offset your 201k.
Thanks for contributing to spreading the wealth.
November 4, 2008 at 7:59 AM #298455CoronitaParticipantDon’t worry Breeze. If you were to make any money on any rebound in the stock market, it will be nicely taxed once you exceed $250k a year. And if it doesn’t push you over $250k, well it’s not really significant to be worth talking about, especially not enough to offset your 201k.
Thanks for contributing to spreading the wealth.
November 4, 2008 at 8:03 AM #298043meadandaleParticipantI really wish TheBreeze would start taking his meds….
November 4, 2008 at 8:03 AM #298392meadandaleParticipantI really wish TheBreeze would start taking his meds….
November 4, 2008 at 8:03 AM #298405meadandaleParticipantI really wish TheBreeze would start taking his meds….
November 4, 2008 at 8:03 AM #298419meadandaleParticipantI really wish TheBreeze would start taking his meds….
November 4, 2008 at 8:03 AM #298465meadandaleParticipantI really wish TheBreeze would start taking his meds….
November 4, 2008 at 8:10 AM #298048blahblahblahParticipantDon’t worry Breeze. If you were to make any money on any rebound in the stock market, it will be nicely taxed once you exceed $250k a year. And if it doesn’t push you over $250k, well it’s not really significant to be worth talking about, especially not enough to offset your 201k.
Remember that we have progressive taxation. So, let’s say you go from a $250K to a $300K TAXABLE INCOME (after mortgage interest deduction, business expenses, 401K contributions, etc…). Under Obama’s plan you will pay an additional 3% (from 36% to 39%) on that 50K ONLY. That works out to an additional $1500. Somehow I don’t think people are going to stop trying to earn more money just to avoid paying that small amount of extra tax.
And as I’ve said before on this board, if you have $250K annual TAXABLE INCOME (not gross), you are doing allright and I’m not gonna worry about you.
November 4, 2008 at 8:10 AM #298397blahblahblahParticipantDon’t worry Breeze. If you were to make any money on any rebound in the stock market, it will be nicely taxed once you exceed $250k a year. And if it doesn’t push you over $250k, well it’s not really significant to be worth talking about, especially not enough to offset your 201k.
Remember that we have progressive taxation. So, let’s say you go from a $250K to a $300K TAXABLE INCOME (after mortgage interest deduction, business expenses, 401K contributions, etc…). Under Obama’s plan you will pay an additional 3% (from 36% to 39%) on that 50K ONLY. That works out to an additional $1500. Somehow I don’t think people are going to stop trying to earn more money just to avoid paying that small amount of extra tax.
And as I’ve said before on this board, if you have $250K annual TAXABLE INCOME (not gross), you are doing allright and I’m not gonna worry about you.
November 4, 2008 at 8:10 AM #298410blahblahblahParticipantDon’t worry Breeze. If you were to make any money on any rebound in the stock market, it will be nicely taxed once you exceed $250k a year. And if it doesn’t push you over $250k, well it’s not really significant to be worth talking about, especially not enough to offset your 201k.
Remember that we have progressive taxation. So, let’s say you go from a $250K to a $300K TAXABLE INCOME (after mortgage interest deduction, business expenses, 401K contributions, etc…). Under Obama’s plan you will pay an additional 3% (from 36% to 39%) on that 50K ONLY. That works out to an additional $1500. Somehow I don’t think people are going to stop trying to earn more money just to avoid paying that small amount of extra tax.
And as I’ve said before on this board, if you have $250K annual TAXABLE INCOME (not gross), you are doing allright and I’m not gonna worry about you.
November 4, 2008 at 8:10 AM #298424blahblahblahParticipantDon’t worry Breeze. If you were to make any money on any rebound in the stock market, it will be nicely taxed once you exceed $250k a year. And if it doesn’t push you over $250k, well it’s not really significant to be worth talking about, especially not enough to offset your 201k.
Remember that we have progressive taxation. So, let’s say you go from a $250K to a $300K TAXABLE INCOME (after mortgage interest deduction, business expenses, 401K contributions, etc…). Under Obama’s plan you will pay an additional 3% (from 36% to 39%) on that 50K ONLY. That works out to an additional $1500. Somehow I don’t think people are going to stop trying to earn more money just to avoid paying that small amount of extra tax.
And as I’ve said before on this board, if you have $250K annual TAXABLE INCOME (not gross), you are doing allright and I’m not gonna worry about you.
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