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Thread: Romney reveals he pays about 15% in taxes(edited)

  1. #1051
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    Re: Romney's tax rate is only half as high as the middle class pays

    It has become painfully obvious that never once in all these discussions about capital gains have the defenders of the discriminatory preferences which mainly benefit the rich have ever provided any reasons why salaried workers should support allowing such discrimination to go on. Not once.

    And even now after being challenged hundreds of times they are still impotent to provide a reasonable case why someone making $600,000 in salary should pay 35% while someone making the same amount in capital gains should pay 15%.

    Or maybe today is that day?
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by j-mac View Post
    So, profit is a bad thing to you?
    No of course not. Where did you get that idea from?

    Quote Originally Posted by j-mac View Post
    All I can say is that either you are so bought into the rhetoric of redistribution of wealth, or callous enough not to care what it would do to our society...Consider.

    It is the unbridled pursuit of happiness as guaranteed by our constitution, and the freedom of such markets that you can even type such socialist viewpoint.
    So explain again why you think we should tax working much more heavily than investing?

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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by haymarket View Post
    It has become painfully obvious that never once in all these discussions about capital gains have the defenders of the discriminatory preferences which mainly benefit the rich have ever provided any reasons why salaried workers should support allowing such discrimination to go on. Not once.

    And even now after being challenged hundreds of times they are still impotent to provide a reasonable case why someone making $600,000 in salary should pay 35% while someone making the same amount in capital gains should pay 15%.

    Or maybe today is that day?
    from j-mac


    It is the unbridled pursuit of happiness as guaranteed by our constitution, and the freedom of such markets that you can even type such socialist viewpoint.
    I have no idea what constitution you follow, but the US Constitution guarantees no such thing. It looks like we have just discovered the crux of the fatal error the right makes.
    Last edited by haymarket; 01-22-12 at 11:39 PM.
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    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by teamosil View Post
    So to summarize your argument, you contend that we should give a 20% tax break to super rich investors at a cost to the treasury of around half a trillion dollars a year because, in your opinion, a poster on the internet named teamosil is envious of rich people. Is that a correct summary of your position on this issue?
    massive fail

    there should be no tax on income

    and its childish to claim those who pay millions are getting a break when half the country pays no income tax despite using government services at much higher rates than that one percent who pays 40% of the income taxes

    and spending on the bottom 50% is what costs trillions


    the rich pay more than their fair share. When the other classes start doing that maybe your petulant whining about the rich getting some sort of "Break" might have some merit.

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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by TurtleDude View Post
    massive fail

    there should be no tax on income

    and its childish to claim those who pay millions are getting a break when half the country pays no income tax despite using government services at much higher rates than that one percent who pays 40% of the income taxes

    and spending on the bottom 50% is what costs trillions


    the rich pay more than their fair share. When the other classes start doing that maybe your petulant whining about the rich getting some sort of "Break" might have some merit.
    And still no logical defense of the discriminatory preferences for capital gains.
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    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

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    Re: Romney's tax rate is only half as high as the middle class pays

    the wealth stealers base their claims on their assumptions that

    1) the rich should pay much higher rates than everyone else

    2) if the rich are not paying much higher rates than everyone else they are getting breaks



    until other groups pay more of the income tax than their share of the income than all this ranting about the rich getting breaks is moronic. right now the top one percent are the only taxpayers who PAY MORE of the income tax burden than their share of the income

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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by haymarket View Post
    And still no logical defense of the discriminatory preferences for capital gains.
    that is because you operate on the assumption that the rich should pay both more money and higher rates on all types of taxes on income

    and there have been several postings of why capital gains are treated differently than earned income and you just pretend they don't exist

    there is no logical defense of the argument that the rich get breaks when they pay so much more than others and GET NOTHING additional in return

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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by TurtleDude View Post
    the wealth stealers base their claims on their assumptions that

    1) the rich should pay much higher rates than everyone else

    2) if the rich are not paying much higher rates than everyone else they are getting breaks



    until other groups pay more of the income tax than their share of the income than all this ranting about the rich getting breaks is moronic. right now the top one percent are the only taxpayers who PAY MORE of the income tax burden than their share of the income
    Do you understand the basic concept that a person making $600K per year pays 35% on the salary while a person making $600L per year in capital gains pays 15% on that same amount of money?

    And if you do understand that reality, how in heavens name can you make statements about paying MORE when they are paying LESS?

    Can you answer that please?
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    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by haymarket View Post
    And even now after being challenged hundreds of times they are still impotent to provide a reasonable case why someone making $600,000 in salary should pay 35% while someone making the same amount in capital gains should pay 15%.
    Or maybe today is that day?
    We expect it to be obvious to you. They pay these rates because the current laws demand these rates…Why do you think they are wrong? And more importantly what are you etal going to do to change it? This rich/poor conflict has been going on for way over 100 years and it remains.

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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by TurtleDude View Post
    that is because you operate on the assumption that the rich should pay both more money and higher rates on all types of taxes on income

    and there have been several postings of why capital gains are treated differently than earned income and you just pretend they don't exist

    there is no logical defense of the argument that the rich get breaks when they pay so much more than others and GET NOTHING additional in return
    And every time you lie about that I challenge you to link to these phantom pretend imaginary supposed arguments and you are impotent to do so.

    Just like this time.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

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