2016 Presidential Horse Race

[connor_in]

PHOTOS=> Hillary's Handler Carries DIAZEPAM Pen for Patients Who Experience Recurrent Seizures!

Curious if any real mainstream media will pursue this.

Is this a follow up to the articles Drudge linked to over the weekend with people helping HRC up the steps of a house with great difficulty and links to past health concern issues for her?

 

[GoldenDomer]

Every poll on social media I've seen where people vote anonymously, Trump wins. Very similar to Brexit. There's hope!

 

[irishfan]

Is this a follow up to the articles Drudge linked to over the weekend with people helping HRC up the steps of a house with great difficulty and links to past health concern issues for her?

Ya, just people on 4chan and Reddit doing more digging. That stair picture is alarming. I would imagine the Trump camp will start pushing this issue behind the scenes.....or Trump might just start tweeting about it.

 

[zelezo vlk]

Every poll on social media I've seen where people vote anonymously, Trump wins. Very similar to Brexit. There's hope!

This is very sad. I read articles and Facebook posts or reddit threads all the time where a vote for Trump is equivalent to outing yourself as a racist psychopathic moron. It's not that the Trump supporters are much better, but the majority of media I consume is certainly swayed against Trump. No progress can be made in this country if people will be belittled and insulted for having different opinions.

Hyper partisanship is terrible. Everyone should read Inferno and see what Dante has to say about the matter.

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[NorthDakota]

Ya, just people on 4chan and Reddit doing more digging. That stair picture is alarming. I would imagine the Trump camp will start pushing this issue behind the scenes.....or Trump might just start tweeting about it.

Lovely. This is what I like to see.

 

[RDU Irish]

Ya, just people on 4chan and Reddit doing more digging. That stair picture is alarming. I would imagine the Trump camp will start pushing this issue behind the scenes.....or Trump might just start tweeting about it.

Trump will take off his shirt and challenger her to feats of strength next to the Festivus Pole he brings to the first debate. Could you imagine the ratings! Hyuge! Big League!

 

[GoIrish41]

Ya, just people on 4chan and Reddit doing more digging. That stair picture is alarming. I would imagine the Trump camp will start pushing this issue behind the scenes.....or Trump might just start tweeting about it.

Looks like she's drunk. lol

 

[GoIrish41]

Every poll on social media I've seen where people vote anonymously, Trump wins. Very similar to Brexit. There's hope!

Keep hope alive ... but Nate Silver gives Trump a 16% chance.

http://projects.fivethirtyeight.com/2016-election-forecast/

 

[Irish Insanity]

This is very sad. I read articles and Facebook posts or reddit threads all the time where a vote for Trump is equivalent to outing yourself as a racist psychopathic moron. It's not that the Trump supporters are much better, but the majority of media I consume is certainly swayed against Trump. No progress can be made in this country if people will be belittled and insulted for having different opinions.

Hyper partisanship is terrible. Everyone should read Inferno and see what Dante has to say about the matter.

Sent from my SAMSUNG-SM-G900A using Tapatalk

Trump will take off his shirt and challenger her to feats of strength next to the Festivus Pole he brings to the first debate. Could you imagine the ratings! Hyuge! Big League!

I approve the above quoted messages.

 

[irish1958]

This is very sad. I read articles and Facebook posts or reddit threads all the time where a vote for Trump is equivalent to outing yourself as a racist psychopathic moron. No progress can be made in this country if people will be belittled and insulted for having different opinions.

Even if the person uttering the opinions is really a racist narcissistic psychopath?

 

[wizards8507]

Trump just announced that his tax plan eliminates carried interest.

 

[Whiskeyjack]

Trump just announced that his tax plan eliminates carried interest.

Nevermind.

 

[wizards8507]

Thank God! Finally, someone is looking out for the hedge fund managers.

Huh? This is bad for the hedge fund managers.

 

[irishfan]

He needs to stick to the message that the money we use to re-settle refugees should be going to cities like Detroit. Good way for him to go "America first" and try and argue that his not simply being "racist."

 

[Whiskeyjack]

Huh? This is bad for the hedge fund managers.

Gah, my fatigue-addled brain needs more caffeine apparently.

 

[Ultimate Penn St. Hater]

Why is he saying "Thank you" at the end of sentences before the crowd can react to what he said?

 

[NorthDakota]

Huh? This is bad for the hedge fund managers.

Gah, my sleep-addled brain needs more caffeine apparently.

The way I'm reading it is that they will be losing their ability to get taxed as a long term capital gain and would instead be paying the standard rates? So a lot of these will go from 20% to 39%?

Will need Wiz to confirm...

 

[zelezo vlk]

How much additional revenue would that bring in?

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[BleedBlueGold]

The way I'm reading it is that they will be losing their ability to get taxed as a long term capital gain and would instead be paying the standard rates? So a lot of these will go from 20% to 39%?

Will need Wiz to confirm...

Trick play.

Eliminate the carried interest tax.

Reduce the progressive income tax.

Trump looks like populist, going after those big bad investment firms, but then he gives those dudes a piece of the pie on the back side.

This is how I've interpreted it anyways. Correct if wrong.

 

[NorthDakota]

Trick play.

Eliminate the carried interest tax.

Reduce the progressive income tax.

Trump looks like populist, going after those big bad investment firms, but then he gives those dudes a piece of the pie on the back side.

This is how I've interpreted it anyways. Correct if wrong.

I'm not an accountant. Wiz will hopefully break it down before have a chance to try, as I'd probably screw it up.

 

[BleedBlueGold]

I'm not an accountant. Wiz will hopefully break it down before have a chance to try, as I'd probably screw it up.

Trumps team of advisers and donors are fund managers, etc. You really think he's gonna take that loophole away from them and not sweeten the pot for them another way?

 

[wizards8507]

The way I'm reading it is that they will be losing their ability to get taxed as a long term capital gain and would instead be paying the standard rates? So a lot of these will go from 20% to 39%?

Will need Wiz to confirm...

Pretty much. The current setup implies that a fund manager's income is the result of capital gains from invested assets. The argument to eliminate the loophole, for lack of a better term, is based on the idea that the fund manager's income is essentially a commission... labor income for his services managing the portfolio.

Trick play.

Eliminate the carried interest tax.

Reduce the progressive income tax.

Trump looks like populist, going after those big bad investment firms, but then he gives those dudes a piece of the pie on the back side.

This is how I've interpreted it anyways. Correct if wrong.

Right and wrong. Yes, part of the impact is offset by lower marginal rates on ordinary income, but the net impact is still revenue-positive (i.e. the hedge fund guys are paying more).

One thing that often gets lost in all this is that "hedge fund managers" can be a pretty nasty anti-Semitic dog whistle.

Trumps team of advisers and donors are fund managers, etc. You really think he's gonna take that loophole away from them and not sweeten the pot for them another way?

You can't say "fund managers, etc." so dismissively like that. The group to which carried interest applies is a very small percentage of financial professionals. Carried interest applies only to "general partners of private equity, venture capital, real estate, hedge funds and other investment vehicles organized as limited partnerships." Most people who fall into the category of "fund managers, etc." have nothing to do with carried interest.

 

[BleedBlueGold]

Pretty much. The current setup implies that a fund manager's income is the result of capital gains from invested assets. The argument to eliminate the loophole, for lack of a better term, is based on the idea that the fund manager's income is essentially a commission... labor income for his services managing the portfolio.


Right and wrong. Yes, part of the impact is offset by lower marginal rates on ordinary income, but the net impact is still revenue-positive (i.e. the hedge fund guys are paying more).

One thing that often gets lost in all this is that "hedge fund managers" can be a pretty nasty anti-Semitic dog whistle.


You can't say "fund managers, etc." so dismissively like that. The group to which carried interest applies is a very small percentage of financial professionals. Carried interest applies only to "general partners of private equity, venture capital, real estate, hedge funds and other investment vehicles organized as limited partnerships." Most people who fall into the category of "fund managers, etc." have nothing to do with carried interest.

Apologies for the generalization.

The managers to which this all applies, still get access to the newly-proposed "pass through income for businesses" tax break, correct? Essentially, if (and when) tax returns are filed, a 15% rate on business income is what will be applied, right? Or did I misread something....?

 

[wizards8507]

Apologies for the generalization.

The managers to which this all applies, still get access to the newly-proposed "pass through income for businesses" tax break, correct? Essentially, if (and when) tax returns are filed, a 15% rate on business income is what will be applied, right? Or did I misread something....?

I haven't read the proposal in detail but, off the cuff:

No, I don't think so. These fund managers are organized into partnerships, and partnerships aren't considered "businesses" in the sense that there's no corporation to tax. Partners pay taxes on their partnership income as individuals at full individual income tax rates.

Wiz & Bleed Parnership - Wiz and Bleed each pay individual income taxes on their share of business income

Wiz & Bleed, Inc. - Wiz & Bleed, Inc. pays corporate tax. Then Wiz and Bleed pay capital gains taxes when dividends are distributed (i.e. double taxation, i.e. the reason we need to have 0% capital gains taxes OR eliminate the corporate income tax all together and tax all income as ordinary labor income)

 

[BleedBlueGold]

I haven't read the proposal in detail but, off the cuff:

No, I don't think so. These fund managers are organized into partnerships, and partnerships aren't considered "businesses" in the sense that there's no corporation to tax. Partners pay taxes on their partnership income as individuals at full individual income tax rates.

Wiz & Bleed Parnership - Wiz and Bleed each pay individual income taxes on their share of business income

Wiz & Bleed, Inc. - Wiz & Bleed, Inc. pays corporate tax. Then Wiz and Bleed pay capital gains taxes when dividends are distributed.

Why is your name first? This is bullshit.

In all seriousness though, aren't we talking about some paperwork? What's to stop partnerships from changing to corporations?

 

[wizards8507]

Why is your name first? This is bullshit.

In all seriousness though, aren't we talking about some paperwork? What's to stop partnerships from changing to corporations?

Then they'd be paying taxes twice. Once on corporate profits and again on capital gains.

ETA: This is why we need to blow up the tax code. You're asking thoughtful questions and you seem like you think about these things seriously. I have two accounting degrees and half an MBA and it takes me a long time to untangle a lot of this. It's just about impossible for average Americans to understand.

 

[Whiskeyjack]

Why is your name first? This is bullshit.

In all seriousness though, aren't we talking about some paperwork? What's to stop partnerships from changing to corporations?

Partnerships generally don't offer liability protection from creditors.

 

[BleedBlueGold]

I just keep falling back on the fact that Trump just assembled a team of advisers who are friendly with Wall Street. Do you honestly think these guys are giving the go-ahead on ending the carried interest loophole, if they didn't think there was a way to get it back a different way?

Sorry, politicians who have billionaires in their ears, make me a cynic when it comes to this kind of stuff.

 

[connor_in]

Even if the person uttering the opinions is really a racist narcissistic psychopath?

but wouldn't attacking them be bullying...but then again enforcing PC is basically bullying anyways, in their minds bullying the bullies, but still bullying...yes/no?

 

[drayer54]

I just keep falling back on the fact that Trump just assembled a team of advisers who are friendly with Wall Street. Do you honestly think these guys are giving the go-ahead on ending the carried interest loophole, if they didn't think there was a way to get it back a different way?

Sorry, politicians who have billionaires in their ears, make me a cynic when it comes to this kind of stuff.

Remind me of that last candidate out of the convention (not Sanders) who wasn't cozy with wall street?

Wall Street has a consensus in the election and it is not the belligerent one who will rock markets with his outburst of the day.