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The New Coffee Room

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  3. Tax the Rich, Trump edition, 2025

Tax the Rich, Trump edition, 2025

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  • LuFins DadL Offline
    LuFins DadL Offline
    LuFins Dad
    wrote last edited by
    #2

    I seem to recall somebody on here saying Trump was a Clinton era Democrat…

    The Brad

    1 Reply Last reply
    • HoraceH Offline
      HoraceH Offline
      Horace
      wrote last edited by
      #3

      I was just mentioning today in a discussion about whether more accountants at the IRS was politically tenable, that "tax the rich" is a big overlap between the parties now. "Tax the cheaters" is probably an even bigger overlap.

      Education is extremely important.

      1 Reply Last reply
      • taiwan_girlT Offline
        taiwan_girlT Offline
        taiwan_girl
        wrote last edited by
        #4

        Is income considered all monies coming in, or just from work? Because I think most rich people - the yearly money comes from other than a "salary"

        LuFins DadL 1 Reply Last reply
        • taiwan_girlT taiwan_girl

          Is income considered all monies coming in, or just from work? Because I think most rich people - the yearly money comes from other than a "salary"

          LuFins DadL Offline
          LuFins DadL Offline
          LuFins Dad
          wrote last edited by
          #5

          @taiwan_girl said in Tax the Rich, Trump edition, 2025:

          Is income considered all monies coming in, or just from work? Because I think most rich people - the yearly money comes from other than a "salary"

          All realized gains.

          The Brad

          AxtremusA 1 Reply Last reply
          • LuFins DadL LuFins Dad

            @taiwan_girl said in Tax the Rich, Trump edition, 2025:

            Is income considered all monies coming in, or just from work? Because I think most rich people - the yearly money comes from other than a "salary"

            All realized gains.

            AxtremusA Offline
            AxtremusA Offline
            Axtremus
            wrote last edited by
            #6

            @LuFins-Dad said in Tax the Rich, Trump edition, 2025:

            @taiwan_girl said in Tax the Rich, Trump edition, 2025:

            Is income considered all monies coming in, or just from work? Because I think most rich people - the yearly money comes from other than a "salary"

            All realized gains.

            But, still, long term capital gains are taxed at a much lower rate than earned income.

            1 Reply Last reply
            • taiwan_girlT Offline
              taiwan_girlT Offline
              taiwan_girl
              wrote last edited by
              #7

              I wonder if President Trump is thinking of raising the tax on things like capital gains, etc., rather than just work in come?

              LuFins DadL 1 Reply Last reply
              • taiwan_girlT taiwan_girl

                I wonder if President Trump is thinking of raising the tax on things like capital gains, etc., rather than just work in come?

                LuFins DadL Offline
                LuFins DadL Offline
                LuFins Dad
                wrote last edited by
                #8

                @taiwan_girl said in Tax the Rich, Trump edition, 2025:

                I wonder if President Trump is thinking of raising the tax on things like capital gains, etc., rather than just work in come?

                Doubt it.

                The Brad

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                • taiwan_girlT Offline
                  taiwan_girlT Offline
                  taiwan_girl
                  wrote last edited by
                  #9

                  Then probably the "net affect" will be close to zero. From my understand, if you look at something like CEO pay, 90+% is non salary.

                  HoraceH 1 Reply Last reply
                  • taiwan_girlT taiwan_girl

                    Then probably the "net affect" will be close to zero. From my understand, if you look at something like CEO pay, 90+% is non salary.

                    HoraceH Offline
                    HoraceH Offline
                    Horace
                    wrote last edited by Horace
                    #10

                    @taiwan_girl said in Tax the Rich, Trump edition, 2025:

                    Then probably the "net affect" will be close to zero. From my understand, if you look at something like CEO pay, 90+% is non salary.

                    Stock based compensation is taxed as income. If you get a million dollars of stock, it is taxed at a million dollars of normal income. If you then happen to hold that stock, rather than sell immediately, then whatever profit you eventually make would be cap gain. Or you could lose, if the stock goes down after it is granted.

                    Education is extremely important.

                    1 Reply Last reply
                    • jon-nycJ Offline
                      jon-nycJ Offline
                      jon-nyc
                      wrote last edited by
                      #11

                      The exception being founder shares of it’s a someone like Zuck or Gates

                      Only non-witches get due process.

                      • Cotton Mather, Salem Massachusetts, 1692
                      1 Reply Last reply
                      • AxtremusA Offline
                        AxtremusA Offline
                        Axtremus
                        wrote last edited by
                        #12

                        Not necessarily limited to "founder's shares." Any share that appreciates bigly and held longer than one year (after vesting) will provide big tax savings by being taxed at long term capital gains rates vs. ordinary income rates.

                        More likely than not, those in senior management in big corporations benefit from this.

                        HoraceH 1 Reply Last reply
                        • AxtremusA Axtremus

                          Not necessarily limited to "founder's shares." Any share that appreciates bigly and held longer than one year (after vesting) will provide big tax savings by being taxed at long term capital gains rates vs. ordinary income rates.

                          More likely than not, those in senior management in big corporations benefit from this.

                          HoraceH Offline
                          HoraceH Offline
                          Horace
                          wrote last edited by
                          #13

                          @Axtremus said in Tax the Rich, Trump edition, 2025:

                          Not necessarily limited to "founder's shares." Any share that appreciates bigly and held longer than one year (after vesting) will provide big tax savings by being taxed at long term capital gains rates vs. ordinary income rates.

                          More likely than not, those in senior management in big corporations benefit from this.

                          There's nothing special about such capital gains, as compared to having been given cash compensation and then investing it in one's own company. In both cases, the original compensation is taxed as income, and the gains or losses are at the whim of the market that the general public can also participate in if they choose to.

                          Education is extremely important.

                          1 Reply Last reply
                          • AxtremusA Offline
                            AxtremusA Offline
                            Axtremus
                            wrote last edited by Axtremus
                            #14

                            More likely than not, senior management in big corporations get pay packages that include substantial amounts of restricted stocks, and more likely than not, they cannot negotiate to say "give me cash instead of stocks" or "give me that other company's stocks instead."

                            Fastest they can convert the restricted stocks into something else is to cash out as soon as they vest -- in that case ordinary income tax rates apply.

                            1 Reply Last reply
                            • jon-nycJ Offline
                              jon-nycJ Offline
                              jon-nyc
                              wrote last edited by
                              #15

                              @Axtremus But I was mentioning the exception to Horace’s post, you were simply providing an example of what Horace covered in his post.

                              Only non-witches get due process.

                              • Cotton Mather, Salem Massachusetts, 1692
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