White people, particularly men:

UncleBuck said:

capital gains revenue correlates with crashes and booms in the market, and nothing else.

sorry if your own citation makes you look like a dumbass. blame yourself for being a dumbass.

and get back to making those subway sandwiches.

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That's bullshit.

The data is there. Of course the market has an influence. But all things being equal, the government will raise more revenue when the cap gains rate is 20% than it will when the rate is 40%. Many reasons for this, not being able to offset losses, people are less likely to cash out to trade stocks or investments.

Of course if the rate was 10% revenue would drop also. 20 to 25% is the sweet spot.

ThickStemz said:

That's bullshit.

The data is there. Of course the market has an influence. But all things being equal, the government will raise more revenue when the cap gains rate is 20% than it will when the rate is 40%. Many reasons for this, not being able to offset losses, people are less likely to cash out to trade stocks or investments.

Of course if the rate was 10% revenue would drop also. 20 to 25% is the sweet spot.

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capital gains tax revenue correlates with recessions and booms. not the capital gains tax rate. your own citation shows this.

go make a subway sandwich.

UncleBuck said:

capital gains tax revenue correlates with recessions and booms. not the capital gains tax rate. your own citation shows this.

go make a subway sandwich.

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Correlation is not causation.

That's quote mining.

The first link I provided can be cross referenced with annual GDP growth and shown that even in times where GDP growth remains steady, there are a couple times where the cap gains tax rate drops. Once while Kennedy was in office and once with Reagan. GDP growth is steady, but just by reducing the rate the government generated significantly more revenue. This revenue remained higher than the previous totals with higher rates even through recessions.

You either dont know how to read a chart or you're just dishonest.

ThickStemz said:

Correlation is not causation.

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it is on the case of capital gains tax revenues.

marginal tax rates do not cause people to buy and sell stocks, but recessions and booms sure do.

ThickStemz said:

That's quote mining.

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apparently using the graph that you cited is now quote mining. that's pathetic. even for you.

ThickStemz said:

You either dont know how to read a chart or you're just dishonest.

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your chart shows no correlation between marginal tax rates on capital gains, and capital gains revenue.

it only makes sense once you look at when recessions or booms happened.

now make a subway sandwich.

UncleBuck said:

it is on the case of capital gains tax revenues.

marginal tax rates do not cause people to buy and sell stocks, but recessions and booms sure do.



apparently using the graph that you cited is now quote mining. that's pathetic. even for you.



your chart shows no correlation between marginal tax rates on capital gains, and capital gains revenue.

it only makes sense once you look at when recessions or booms happened.

now make a subway sandwich.

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I didnt cite the fucking graph. The graph was one of multiple points of data work on two sources I linked to. I never mentioned the graph.

If course marginal tax rates can influence if people take a risk. That's all part of the risk calculation. If you had majored in finance in college you would know this.

When the tax rates are lower people will take more risky investments.

There are multiple time periods where GDP growth remain steady over years where cap gains rates are dropped in the middle. All of a sudden, the same year they are dropped, revenue rises. And As long as the rates stay lower the total revenue stays higher than the years with the higher rates.

It's irrefutable

And the graph is one supporting piece to that. You can also line it up with recessions and of course they have an impact. But it doesn't mean shit.

ThickStemz said:

I didnt cite the fucking graph.

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funny, i clicked on a link you gave to find that graph, dumbass.

ThickStemz said:

If course marginal tax rates can influence if people take a risk. That's all part of the risk calculation. If you had majored in finance in college you would know this.

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i actually majored in probability and statistics, which deals heavily with risk, expected value, competing outcomes, and the like.

there is not even a hint of correlation between marginal tax rates on capital gains and tax revenue from capital gains.

and it doesn't take a math and statistics major to realize that. all it really takes is two eyeballs.

ThickStemz said:

It's irrefutable

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no, it's not.

spikes in capital gains revenue all coincide with recessions/recoveries.

now that is irrefutable.

UncleBuck said:

funny, i clicked on a link you gave to find that graph, dumbass.



i actually majored in probability and statistics, which deals heavily with risk, expected value, competing outcomes, and the like.

there is not even a hint of correlation between marginal tax rates on capital gains and tax revenue from capital gains.

and it doesn't take a math and statistics major to realize that. all it really takes is two eyeballs.



no, it's not.

spikes in capital gains revenue all coincide with recessions/recoveries.

now that is irrefutable.

Click to expand...

Probability and statistics is difficult but it has little to do with finance.

Take a look at this and call me in the morning. The entire expert world agrees with me that higher rates realize less revenue on the capital gains tax. Its different from the income tax.

http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/84xx/doc8449/88-cbo-007.pdf

last weekend I got outta my truck and was walking down the street with a big ass jar in a bag. I saw a cop coming down the block with the spotlight on so I got a little nervous. He pulls up on the sidewalk with the spotlight shining in my eyes but then asked me if i saw a muslim wearing all black slinking around the neighborhood. I was like "No, sir I just parked and am walking to my friends house" he said ok and drove away after he shot my black friend.

I didn't even get a interview at taco bell or kfc mc donalds atleast interviewed me before not hiring me

Sent from my SCH-I545 using Rollitup mobile app

ThickStemz said:

The entire expert world agrees with me

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your own citations do not agree with you, bignbushy.

hence why you are a subway sandwich engineer.

UncleBuck said:

your own citations do not agree with you, bignbushy.

hence why you are a subway sandwich engineer.

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The graph you quote mined doesn't disagre with me.

It's just also consistent with your point.

I've given raw data. A CBO report, and a business magazine all supporting me.

You've given an opinion.

Put up or shut up.

ThickStemz said:

The graph you quote mined

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you mean the graph you cited which shows zero correlation between capital gains tax revenue and capital gains tax rates?

LOL

yep, what a "gotcha" moment. i simply point to the very graph that you linked to and laugh.

what a bastard i am.

capital gains tax revenue correlates almost perfectly with recessions and recoveries. wealthy people like my wife don't sit around and wait for a change in the marginal rate to sell or buy stocks, they respond to the market.

this is why you make sandwiches at subway and hide your homosexual proclivities from your daddy.

UncleBuck said:

you mean the graph you cited which shows zero correlation between capital gains tax revenue and capital gains tax rates?

LOL

yep, what a "gotcha" moment. i simply point to the very graph that you linked to and laugh.

what a bastard i am.

capital gains tax revenue correlates almost perfectly with recessions and recoveries. wealthy people like my wife don't sit around and wait for a change in the marginal rate to sell or buy stocks, they respond to the market.

this is why you make sandwiches at subway and hide your homosexual proclivities from your daddy.

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The graph shows a very strong relationship between the tax rate and the revenue.

You didn't even dispute that when you posted it. You said "golly gee... If you look at it there is also a match with bear and bull markets."

Did you forget the graph was in an article that said high cap gains rates means less total revenue?

You're off your game man. Your so wrong you're not even making any sense anymore.

I thought this was a whiteboy thread ya'll are talking about jew shit.

ThickStemz said:

You said "golly gee... If you look at it there is also a match with bear and bull markets."

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why did you use quotes if you didn't bother to actually quote what i said?

UncleBuck said:

why did you use quotes if you didn't bother to actually quote what i said?

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At least I captured your original intent if not your exact words. Better than you usually manage.

UncleBuck said:

funny, i clicked on a link you gave to find that graph, dumbass.



i actually majored in probability and statistics, which deals heavily with risk, expected value, competing outcomes, and the like.

there is not even a hint of correlation between marginal tax rates on capital gains and tax revenue from capital gains.

and it doesn't take a math and statistics major to realize that. all it really takes is two eyeballs.



no, it's not.

spikes in capital gains revenue all coincide with recessions/recoveries.

now that is irrefutable.

Click to expand...

This post is chock full of useful information.

CrocodileStunter said:

I thought this was a whiteboy thread ya'll are talking about jew shit.

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Jews aren't whiteboys?/?/?/?/?/?/?/? My fragile mind is completely blown!

BigEasy1 said:

People assume I'm good at basketball because I'm black. That's racist.

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Thats not racist it's a stereo type

I am a 6ft 2" bearded (some what good looking) white male and I do believe I have been given more opportunity's due to the color of my skin and appearance. I lived in Charlotte NC in a majority black neighborhood and I do believe I was targeted often and seen as weak due to my skin color. It took a couple weeks of not taking shit from anyone and getting my concealed carry ( jumped twice of course a group of people) when they would be sitting on my steps trying to bum cigarettes asking me for a couple bucks or trying to take beers out of the cooler because it was on the porch with us. Oddly enough my two black roommates weren't ever harassed the way I was. I grew up on Long Island raised a Jehovahs witness and my mother worked for a black owned and operated pre-school (Slept at the owners the wilsons house several nights a week I was friends with there grandson)for the first ten years of my life.My experiences with "Reverse racism" didnt come till after I moves to NC in 1997. Being a Jehovah's witness I never saw race as an issue we were all brothers and sisters, but I think this world can harden you and make you feel a certain way. Obviously it can't be a "Black thing" because I cant say I have had bad experiences with black people in general. I think its the criminal rebellious mentality that is glorified in media and music that is killing the black youth(and racist police officers) when I listen to rap (DJ Khaled Pandora) I feel a different kind of way like doing some shit I start to think about money cash women all that shit. I wanna get a Porsche before I even own a home it makes me want people to look at me like I am important like I made it already. Sorry for the rant stopped smoking two nights ago(waiting to smoke my next harvest has another couple days) these are just my thoughts however off topic they are thanks for listening anyway.