This Businesswoman Tells Romney Where To Take His ''Personal Responsibility'' Pep Tal

Re: This Businesswoman Tells Romney Where To Take His ''Personal Responsibility'' Pep

MaggieD said:

Anytime you want to pay $1.X million in taxes, I'm pretty sure you'll be at the 13% rate as well.

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I don't buy into your way of thinking....if 13% is his fair share then it should also be mine and every other American's fair share whether it be 13% of 1.00 or 1 million or 1 billion....fair is fair

Re: This Businesswoman Tells Romney Where To Take His ''Personal Responsibility'' Pep

straykatz said:

The Romney's are quite proud of their "Fair" share of taxes...right?.....well I want to only pay 13% too....if he can promise that tax rate to me then he has my vote.

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its there for you as long as you do it legally... why pay more..again to be clear that was the "second bite of the apple" Mitt had already paid taxes once on his investment income..

Re: This Businesswoman Tells Romney Where To Take His ''Personal Responsibility'' Pep

straykatz said:

The Romney's are quite proud of their "Fair" share of taxes...right?.....well I want to only pay 13% too....if he can promise that tax rate to me then he has my vote.

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Why not just pay more to the government until you reach 13%?

Re: This Businesswoman Tells Romney Where To Take His ''Personal Responsibility'' Pep

Travis007 said:

so you lied.. we get it...but nice try to spin it..

your house you got 27 years ago did not up by 6 times in value over the last 27 years as you blustered and BS'd

here is your post again
( Originally Posted by justabubba
it's great actually
home paid in full
now valued over six times what it cost 27 years ago ( a lie )
no monthly rent
the security of knowing that it cannot be taken away
and yes, ad valorem taxes are high, but that is not unexpected when you buy in a desirable locale, with excellent public services

what you have again displayed is an ignorance of basic economics)



wow..

I have made a lot of money in RE... but who cares.. I have a made a lot of money doing many things


You do know you have made NOTHING.. until you sell it...

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fair market value is what a knowledgable and able buyer is willing to pay in an arm's length transaction (where there is no time pressure)
and while its value has increased six fold over 27 years, i would be a fool to sell it as i don't have a place i would rather live and this property continues to appreciate in a down market

you may want to make a note..your tax evaluation is MEANINGLESS... thats based on what the town appraised it for

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i explained that this was a 2012 tax re-valuation which occurs every eight years. by state law, the re-valuation is found unacceptable if the tax value varies from fair market value by more than 2%. the tax office tests its re-valuation against current, established fair market value to validate its tax appraisal
notice how you exposed your ignorance of the real estate market yet again

... and effects home owners insurance to replace the house..

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that has nothing to do with insurance value
insurers only cover the improvement. the underlying land value receives no coverage
once again, you put on public exhibit how little you actually know regarding the subjects you comment about

and again to get 25% return in 27 years is a whopping return on 1.2% annual... OH MY...

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are you reading impaired or math impaired?
the 25% appreciation was over the eight-year tax revaluation cycle
the 600% appreciation was over 27 years

BUT YOU SAID 6 TIMES COST OF 27 YEARS AGO... TOTAL BS...

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except i was right
which means you were ... not. what a surprise [/s]

JRog said:

The 1% is far more static than the middle class. Also, it is not hard to see the relationship between huge increases in income for the wealthy in an economy with middle class people losing their income share. Do you believe that the wealth of the upper class is not linked to the poverty of the lower class?

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The middle class is too hard to define, so who knows? Everyone thinks they are in the middle class in the same way that every parent thinks their child is above average.

I do not see income as a zero-sum game.

Re: This Businesswoman Tells Romney Where To Take His ''Personal Responsibility'' Pep

MaggieD said:

If she takes a salary, she pays FICA on both sides. Since FICA money is used solely to provide a pension of sorts to people contributing, that money doesn't go into the general fund and does not go toward supporting the myriad of services our government provides. But, yes, you are right, she would definitely pay payroll taxes.

Well...that is...unless she set up her business as a Subchapter S corporation and elected to take her "salary" as dividends -- in which case she wouldn't even pay FICA. And...THAT is...until the IRS came knocking on her door and demanded that she take a reasonable salary on which she would have to pay payroll taxes. :rofl

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if she's self employed, she also pays self employment taxes. If she doesn't, she's either lieing about operating a small business, using an LLC to funnel money out of her paycheck, or she's evading taxes all together.

Re: This Businesswoman Tells Romney Where To Take His ''Personal Responsibility'' Pep

justabubba said:

fair market value is what a knowledgable and able buyer is willing to pay in an arm's length transaction (where there is no time pressure)
and while its value has increased six fold over 27 years, i would be a fool to sell it as i don't have a place i would rather live and this property continues to appreciate in a down market


i explained that this was a 2012 tax re-valuation which occurs every eight years. by state law, the re-valuation is found unacceptable if the tax value varies from fair market value by more than 2%. the tax office tests its re-valuation against current, established fair market value to validate its tax appraisal
notice how you exposed your ignorance of the real estate market yet again



that has nothing to do with insurance value
insurers only cover the improvement. the underlying land value receives no coverage
once again, you put on public exhibit how little you actually know regarding the subjects you comment about


are you reading impaired or math impaired?
the 25% appreciation was over the eight-year tax revaluation cycle
the 600% appreciation was over 27 years


except i was right
which means you were ... not. what a surprise [/s]

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Yea sure... thanks for the nonsense...