Obama secretly meets with hedge fund honchos to save USA

[Scataphagos]

Quote from marketsurfer:

Dividend taxes may be increased to 43%---- this is bad, very bad....

I guess traders don't care, no investors here.

surf

Let's see... a corporation in which you own stock has great earnings, say $100... pays the top corporate tax rate of 35%, ($35)

Then the corp distributes the remaining $65 to you (stock owner) in the form of a dividend.

Federal Government collects 43% of the $65 = $28 Federal tax...
Then, if you live in California and under the new tax rates of 13.3% state income tax.... you pay 13.3% of $65 = $8.65, State Income Tax.

Total government "take" of the $100 earnings from the corporation in which you are part owner = $35 + $28 + 8.65 = $71.65.

You put up the capital and took the risk of failure/loss.
"Your employees" did all the work...

AND THE GOVERNMENT TAKES 72% OF THE PROFITS... WHAT'S FAIR ABOUT THAT??

 

[ktm]

Quote from marketsurfer:

Dividend taxation is my primary concern. what's the latest intel?

thanks!

No word on anything imminent there.

The "itemized cap" is gaining favor as well. Most are in the range of 28% of total income for anyone making over 250K, although that could go to 500K.

The lobbyists are digging in and making themselves heard. Anything that gets changed is going to cause suffering somewhere and anyone at risk is on the Hill this week.

Personally, I've been dealing almost exclusively in Section 1256 contracts for some years now - ES FOP for example. Those get 60/40 long term/short term cap gains treatment regardless of the time held and are legislated under the CFMA passed originally around 2000-2001. Of course "long term" and "short term" rates may get bumped significantly, so I may be in trouble with everyone else.

I'm in Washington and I talk to a lot of guys that are close to these issues. There's a mountain of stuff on the table, but it's getting narrowed down to those things that the lobbyists will accept and the politicians can gain cover for supporting.

 

[zdreg]

these kind of bandages will not help as the US since the 50 states of the US+ the federal goverment are facing bankruptcies. at best the US is facing stagflation. at worst it is facing rampant inflation+a meltdown of the$.

 

[marketsurfer]

Quote from ktm:

No word on anything imminent there.

The "itemized cap" is gaining favor as well. Most are in the range of 28% of total income for anyone making over 250K, although that could go to 500K.

The lobbyists are digging in and making themselves heard. Anything that gets changed is going to cause suffering somewhere and anyone at risk is on the Hill this week.

Personally, I've been dealing almost exclusively in Section 1256 contracts for some years now - ES FOP for example. Those get 60/40 long term/short term cap gains treatment regardless of the time held and are legislated under the CFMA passed originally around 2000-2001. Of course "long term" and "short term" rates may get bumped significantly, so I may be in trouble with everyone else.

I'm in Washington and I talk to a lot of guys that are close to these issues. There's a mountain of stuff on the table, but it's getting narrowed down to those things that the lobbyists will accept and the politicians can gain cover for supporting.

Thanks for the insight. Please keep us posted if you find out any more color. That DC is a crazy place-- I just bought a car in Tyson's Corner and having it shipped north. Traffic was too much hell to go down and pick it up. I don't envy anyone living there.

 

[Spectre2007]

Only thing that can keep ponzi equity values afloat is the buyer of last resort. The FED can support the total equity market, look what it can do with a larger bond market. QE4 .. FED buys index futures..

When the market goes into freefall the 'working group' will step in and kill the shorts.. Prolly around 1000 spx.

 

[Bob111]

market is not allowed to go down. we all saw it today..
every possible economic number is s** a**,no changes from 2007,but we are at all time high! hurray!

 

[Tsing Tao]

Quote from Spectre2007:

Only thing that can keep ponzi equity values afloat is the buyer of last resort. The FED can support the total equity market, look what it can do with a larger bond market. QE4 .. FED buys index futures..

When the market goes into freefall the 'working group' will step in and kill the shorts.. Prolly around 1000 spx.

The Fed already supports the market.

Head Of The Fed's Trading Desk Speaks On Role Of Fed's "Interactions With Financial Markets"

http://www.zerohedge.com/news/2012-...e-feds-interactions-financial-markets-and-emh

 

[zdreg]

Quote from Bob111:

market is not allowed to go down. we all saw it today..
every possible economic number is s** a**,no changes from 2007,but we are at all time high! hurray! [/QUOTe

1987 all over. the fed gave the order to buy.
there will be a terrific hangover but for now the party goes on.

 

[377OHMS]

Quote from marketsurfer:

Dividend taxes may be increased to 43%---- this is bad, very bad....

I guess traders don't care, no investors here.

surf

I still buy dividend yielding securities. It doesn't look like a winning strategy anymore though. The government seems intent on punishing investors.

One of my grandmothers managed to accumulate controlling interest in a moderate sized utility and lived on dividends leaving the principal intact. It left an impression on me. She used to take the bus to shareholder meetings downtown. She was known as the little old lady who owned the gas company.

 

[zdreg]

Quote from 377OHMS:

I still buy dividend yielding securities. It doesn't look like a winning strategy anymore though. The government seems intent on punishing investors.

One of my grandmothers managed to accumulate controlling interest in a moderate sized utility and lived on dividends leaving the principal intact. It left an impression on me. She used to take the bus to shareholder meetings downtown. She was known as the little old lady who owned the gas company.

+1
you are an exception. not all posters are nearly broke and uneducated.
now i know where your handle comes from.
http://forums.qrz.com/showthread.php?98000-Impedance-in-Free-Space-377-Ohms