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The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.

 
mrclean
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11/13/2012 10:51 AM
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The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.

Wealth advisors say that with capital-gains taxes potentially going to 25 percent from 15 percent, and other possible increases in the dividend tax, estate tax and other taxes, many clients are selling now to save millions in taxes.


[link to www.cnbc.com]

Pay no attention Obama-bots...everything will be just fine. Dear leader told us so.

bamasheep1
mrclean
MultiStrada

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11/13/2012 11:36 AM

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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
bump
MultiStrada

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11/13/2012 11:37 AM

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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
What is the last official act of any government.

To loot the treasury.


yoda
IssueX

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11/13/2012 11:37 AM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.

Wealth advisors say that with capital-gains taxes potentially going to 25 percent from 15 percent, and other possible increases in the dividend tax, estate tax and other taxes, many clients are selling now to save millions in taxes.


[link to www.cnbc.com]

Pay no attention Obama-bots...everything will be just fine. Dear leader told us so.

bamasheep1
 Quoting: mrclean


this


Wealthy Advised to Sell for Gains Before Unfriendly 2013


[link to www.bloomberg.com]

Sell.

That’s the message from some financial advisers, who are telling wealthy clients that the remainder of 2012 amounts to a last-chance sale on federal tax rates. Taxes are set to rise in January in the U.S., pushing the top rate on dividends to 43.4 percent from 15 percent and the top rate on capital gains to 23.8 percent from 15 percent.

Tax Increases

Tax cuts first enacted during George W. Bush’s presidency and extended in 2010 are set to expire Dec. 31. Unless Congress acts, the tax increases along with automatic federal spending cuts will combine to form the so-called fiscal cliff. Taxes on the top 1 percent of U.S. households would increase by an average $120,537, according to a study by the nonpartisanTax Policy Center.

Federal taxes on ordinary income will rise to as much as 39.6 percent from 35 percent. Long-term capital gains rates will increase to a maximum 20 percent from 15 percent, plus an additional 3.8 percent for high-income earners as a result of the 2010 health-care law.

Last Edited by IssueX on 11/13/2012 11:38 AM
MultiStrada

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11/13/2012 11:39 AM

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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Fake confidence for the sheeple was yesterdays announcement that we will be the worlds leader in oil production. In ten years of course.



WTF


This is so obviously a smoke screen.
MultiStrada

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11/13/2012 11:40 AM

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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
My guy said get the f out four weeks ago.
BRIEF
Rebel with morals

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11/13/2012 11:40 AM

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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Saving and investing should be encouraged and therefore not taxed...only the things that you want to discourage should be taxed.
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
Anonymous Coward
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11/13/2012 11:41 AM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Talking heads on CNBC are going to lose there jobs!!!

NO MARKET NO CNBC

running scared


LOL


banana2
General Troll, US Shillitary

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11/13/2012 11:42 AM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.

Wealth advisors say that with capital-gains taxes potentially going to 25 percent from 15 percent, and other possible increases in the dividend tax, estate tax and other taxes, many clients are selling now to save millions in taxes.


[link to www.cnbc.com]

Pay no attention Obama-bots...everything will be just fine. Dear leader told us so.

bamasheep1
 Quoting: mrclean


If you make enough money to be personally affected by an increase in Capital Gains Tax Rate, you probably aren't on GLP.

classwar
"What you have just said, is the most insanely idiotic thing I have ever heard. At no point, in your rambling incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points and may God have mercy on your soul."
Anonymous Coward
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11/13/2012 11:42 AM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Maybe, but depending on where they have their investments it may be easier than it sounds. I know several people you and I would call financial elite who have been trying to unload real-estate for a couple of years now and they cannot sell it.......... not without taking a bath on their original investment. Prices are in the toilet. So they are going to get shit kicked one way or another.
Anonymous Coward
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11/13/2012 11:43 AM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
This is further driven in part by the requirement to lock in losses that won't be disallowed by the wash sale rule (by purchasing the same asset again within 30 days).

So,if you are so positioned - you want to take your money off the table (by selling your winners) while you are still guaranteed a low cap gain rate AND you also want to reduce those gains further by locking in losses WITHOUT triggering the disallowed wash loss rules.
MultiStrada

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11/13/2012 11:45 AM

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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.

Wealth advisors say that with capital-gains taxes potentially going to 25 percent from 15 percent, and other possible increases in the dividend tax, estate tax and other taxes, many clients are selling now to save millions in taxes.


[link to www.cnbc.com]

Pay no attention Obama-bots...everything will be just fine. Dear leader told us so.

bamasheep1
 Quoting: mrclean


If you make enough money to be personally affected by an increase in Capital Gains Tax Rate, you probably aren't on GLP.

classwar
 Quoting: General Troll, US Shillitary


I guess you would know ehh??
MultiStrada

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11/13/2012 11:46 AM

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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Shits way to high now, no buyers yet..
MultiStrada

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11/13/2012 11:48 AM

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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Saving and investing should be encouraged and therefore not taxed...only the things that you want to discourage should be taxed.
 Quoting: BRIEF


Oh yeah, like land ownership and work.

No wonder!!
BRIEF
Rebel with morals

User ID: 381742
United States
11/13/2012 11:51 AM

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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Saving and investing should be encouraged and therefore not taxed...only the things that you want to discourage should be taxed.
 Quoting: BRIEF


Oh yeah, like land ownership and work.

No wonder!!
 Quoting: MultiStrada


Income and property taxes are morally wrong and should be done away with...
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892
sylvie

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11/13/2012 11:53 AM

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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.

Wealth advisors say that with capital-gains taxes potentially going to 25 percent from 15 percent, and other possible increases in the dividend tax, estate tax and other taxes, many clients are selling now to save millions in taxes.


[link to www.cnbc.com]

Pay no attention Obama-bots...everything will be just fine. Dear leader told us so.

bamasheep1
 Quoting: mrclean


If you make enough money to be personally affected by an increase in Capital Gains Tax Rate, you probably aren't on GLP.

classwar
 Quoting: General Troll, US Shillitary


I don't know about that... wouldn't this affect everyone with an IRA or 401(k), and especially retirees who count on dividend-paying stocks to give them some retirement income? I don't think only rich guys will suffer from this.
nzreva

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11/13/2012 11:54 AM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.

Wealth advisors say that with capital-gains taxes potentially going to 25 percent from 15 percent, and other possible increases in the dividend tax, estate tax and other taxes, many clients are selling now to save millions in taxes.


[link to www.cnbc.com]

Pay no attention Obama-bots...everything will be just fine. Dear leader told us so.

bamasheep1
 Quoting: mrclean


It is time to sell...
MultiStrada

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11/13/2012 11:55 AM

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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Saving and investing should be encouraged and therefore not taxed...only the things that you want to discourage should be taxed.
 Quoting: BRIEF


Oh yeah, like land ownership and work.

No wonder!!
 Quoting: MultiStrada


Income and property taxes are morally wrong and should be done away with...
 Quoting: BRIEF


Agreed, but those days are gone for now. burnit
General Troll, US Shillitary

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11/13/2012 11:55 AM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.

Wealth advisors say that with capital-gains taxes potentially going to 25 percent from 15 percent, and other possible increases in the dividend tax, estate tax and other taxes, many clients are selling now to save millions in taxes.


[link to www.cnbc.com]

Pay no attention Obama-bots...everything will be just fine. Dear leader told us so.

bamasheep1
 Quoting: mrclean


If you make enough money to be personally affected by an increase in Capital Gains Tax Rate, you probably aren't on GLP.

classwar
 Quoting: General Troll, US Shillitary


I guess you would know ehh??
 Quoting: MultiStrada


It's simple: people who have means aren't freaking out searching for answers on conspiracy websites. I love this place, there is a wealth of knowledge here. However, if you make the bulk of your income from Capitol Gains, all this means is that you may have to *gasp* drive LAST YEARS Mercedes/Audi/Beamer. No doom here.
"What you have just said, is the most insanely idiotic thing I have ever heard. At no point, in your rambling incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points and may God have mercy on your soul."
Anonymous Coward
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11/13/2012 11:57 AM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Rule of thumb is to follow the money.
Well, follow the money.
Anonymous Coward
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United Kingdom
11/13/2012 11:59 AM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Why sell off all your stocks,homes,businesses because of doom,they cant possibly hope too get anything from doing that,if doom happens money is worthless,it makes no sense at all.

If doom comes then the elites are just as fucked as we would be unless all these people being outed and resigning is code for head to the bunker.
Zombietard

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Argentina
11/13/2012 11:59 AM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Thread: EXTRAORDINARY MEETING OF THE BILDERBERG GROUP TONIGHT IN ROME; LOCATION: AT HOTEL DE RUSSIE (Page 2)

The elite is worried and/or heading to the exits.
General Troll, US Shillitary

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11/13/2012 11:59 AM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.

Wealth advisors say that with capital-gains taxes potentially going to 25 percent from 15 percent, and other possible increases in the dividend tax, estate tax and other taxes, many clients are selling now to save millions in taxes.


[link to www.cnbc.com]

Pay no attention Obama-bots...everything will be just fine. Dear leader told us so.

bamasheep1
 Quoting: mrclean


If you make enough money to be personally affected by an increase in Capital Gains Tax Rate, you probably aren't on GLP.

classwar
 Quoting: General Troll, US Shillitary


and especially retirees who count on dividend-paying stocks to give them some retirement income? I don't think only rich guys will suffer from this.
 Quoting: sylvie


No, 401k's are taxed differently. There are pre-tax and post-tax contributions. IRA's are taxed differently as well.
"What you have just said, is the most insanely idiotic thing I have ever heard. At no point, in your rambling incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points and may God have mercy on your soul."
Anonymous Coward
User ID: 20078428
United States
11/13/2012 11:59 AM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.

Wealth advisors say that with capital-gains taxes potentially going to 25 percent from 15 percent, and other possible increases in the dividend tax, estate tax and other taxes, many clients are selling now to save millions in taxes.


[link to www.cnbc.com]

Pay no attention Obama-bots...everything will be just fine. Dear leader told us so.

:bamasheep1:
 Quoting: mrclean


If you make enough money to be personally affected by an increase in Capital Gains Tax Rate, you probably aren't on GLP.

:classwar:
 Quoting: General Troll, US Shillitary


Fuck off you piece of shit
MultiStrada

User ID: 25674130
United States
11/13/2012 12:00 PM

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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.

Wealth advisors say that with capital-gains taxes potentially going to 25 percent from 15 percent, and other possible increases in the dividend tax, estate tax and other taxes, many clients are selling now to save millions in taxes.


[link to www.cnbc.com]

Pay no attention Obama-bots...everything will be just fine. Dear leader told us so.

bamasheep1
 Quoting: mrclean


If you make enough money to be personally affected by an increase in Capital Gains Tax Rate, you probably aren't on GLP.

classwar
 Quoting: General Troll, US Shillitary


I guess you would know ehh??
 Quoting: MultiStrada


It's simple: people who have means aren't freaking out searching for answers on conspiracy websites. I love this place, there is a wealth of knowledge here. However, if you make the bulk of your income from Capitol Gains, all this means is that you may have to *gasp* drive LAST YEARS Mercedes/Audi/Beamer. No doom here.
 Quoting: General Troll, US Shillitary


What the heck are you welding there? A frame for a faraday box. LOL
MultiStrada

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United States
11/13/2012 12:02 PM

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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.

Wealth advisors say that with capital-gains taxes potentially going to 25 percent from 15 percent, and other possible increases in the dividend tax, estate tax and other taxes, many clients are selling now to save millions in taxes.


[link to www.cnbc.com]

Pay no attention Obama-bots...everything will be just fine. Dear leader told us so.

bamasheep1
 Quoting: mrclean


If you make enough money to be personally affected by an increase in Capital Gains Tax Rate, you probably aren't on GLP.

classwar
 Quoting: General Troll, US Shillitary


Fuck off you piece of shit
 Quoting: Anonymous Coward 20078428


Why don't you fuck off.
Anonymous Coward
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11/13/2012 12:16 PM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
What is the last official act of any government.

To loot the treasury.


yoda
 Quoting: MultiStrada


BINGO.
Anonymous Coward
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11/13/2012 12:18 PM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Anonymous Coward
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11/13/2012 12:21 PM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.

Wealth advisors say that with capital-gains taxes potentially going to 25 percent from 15 percent, and other possible increases in the dividend tax, estate tax and other taxes, many clients are selling now to save millions in taxes.


[link to www.cnbc.com]

Pay no attention Obama-bots...everything will be just fine. Dear leader told us so.

:bamasheep1:
 Quoting: mrclean


Nice heard there..can you direct me to shepard Romney and his neo con sheeple enclosure as well?
Anonymous Coward
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11/13/2012 12:21 PM
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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
I got my $$$ in Roth IRA , they can suck it
No capital gains there
Juliebean

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11/13/2012 12:26 PM

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Re: The 'Elite' selling off Stocks, businesses, and homes. FINANCIAL DOOM THREAD.
Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.

Wealth advisors say that with capital-gains taxes potentially going to 25 percent from 15 percent, and other possible increases in the dividend tax, estate tax and other taxes, many clients are selling now to save millions in taxes.


[link to www.cnbc.com]

Pay no attention Obama-bots...everything will be just fine. Dear leader told us so.

bamasheep1
 Quoting: mrclean


If you make enough money to be personally affected by an increase in Capital Gains Tax Rate, you probably aren't on GLP.

classwar
 Quoting: General Troll, US Shillitary


Not true. Guess you missed the salary thread last year. There are people who do pretty good financially here.

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