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

  1. #1171
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by Dickieboy View Post
    FWIR from 6th grade (like 50yrs ago), a robber baron was one who bought up companies as you said but rather than shut them down used them to build a monopoly. Has the definition changed?
    That would be one application of the tactic. For example, you own one oil company, you buy up the other ones and shut them down to get a monopoly. But it's the buying companies to shut them down and sell off their assets that makes one a Robber Baron. Today monopolies are much more illegal so they don't do that anymore, but they still are out there buying companies to shut them down and sell their assets off.

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

    A Robber baron was someone charging a toll on a river.

    Its term has now been updated to reflect a businessman who gained his fortune through questionable, read illegal, practices.

    Applying the term to Romney makes 0 sense.

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

    Quote Originally Posted by Centinel View Post
    If we are going to tax incomes and capital gains income, they should both be taxed at 15%.

    Of course, my first choice would not to have taxes on income at all. But, you know, baby steps...
    Are you sure you aren't Libertarian? Just kidding.
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    Re: Romney's tax rate is only half as high as the middle class pays

    Yeah....
    In U.S., 54% Have Stock Market Investments, Lowest Since 1999



    Attachment 67121512

    So it seems like about 54% still own stock and are affected by Capital Gains tax, including a huge swath of the electorate with retirement plans. Please define "wealthy" in real dollar terms instead of platitudes.
    [/QUOTE]

    This tells you infinitely more than your chart which is rather empty of actual meaning.

    What is the effect of a lower tax rate?

    The benefits of low tax rates on capital gains accrue disproportionately to the wealthy. In 2013, an estimated 94 percent of the tax benefit of low rates on capital gains will go to taxpayers with cash incomes over $200,000, and three-fourths of the benefits will accrue to millionaires.
    I think that says everything you need to know about just who gets the actual benefits of capital gains discriminatory preferences.
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by Blue_State View Post
    I am not sure you can be helped then.
    Please do not blame me for your inability to show any reason why average wage earners should support discriminatory preferences for the wealthy on capital gains.

    You presented no case.
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    Re: Romney's tax rate is only half as high as the middle class pays

    from j-mac

    To attempt to uncouple, or deny that the DoI, has any relationship to the Constitution is an utterly dishonest, and frankly transparent, insulting track for you to take in making your argument that the Obama administration can just wave a hand and take what he wants. Including taxation.
    Congratulations. You seem to have discovered the error of your ways. So now you and I and everyone else here knows that you made a fundamental mistake in quoting language from the Declaration of Independence as being one of the rights guaranteed by the Constitution. Wonderful. That is called progress.

    Where did I deny the existence of the DofI? It is the birth announcement of the USA. I respect it as such.
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by Dickieboy View Post
    Given your premise:

    Well Greg, Wesley paid 35% his salary, JUST LIKE YOU, which he then put at risk in investments. The inducement for Wesley to invest the amount sufficient to yield the $800k in profits was these reduced rates. He could have invested them in tax free municipal bonds which would be less risky and not incurred any tax liability but he would have not realized such a large gain and would have done less to increase the productivity of the economy AND increased government borrowing with would further redirect capital from the general economy.

    Greg now that you have $800k you should discuss with Wesley how to invest your money as it appears he is pretty good at it. If you as successful the you TOO can realize this increase in income at the 15% rate and contribute to overall economic growth just the same.

    Of course Greg, you COULD go on a public forum and piss and moan enviously about how the ‘system is rigged’ for people like Wesley and it is SO UNFAIR.
    None of that provides any logical reason why a person making $88K in salary and paying 35% should support a tax rate on a different individual of only 15% on the same amount of money.

    You cannot tell people what to do with their money. Why are you attempting to play God or social engineer and tell somebody how they should allocate their money. It matters not what a person does with that 800K. That is NOT the issue and never has been the issue and to try to pretend it is in intellectually dishonest.

    The only issue here is WHY the source of the income should receive a discriminatory preference which is a tax break of far more than half compared to that of a salaried income.
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    Re: Romney's tax rate is only half as high as the middle class pays

    This tells you infinitely more than your chart which is rather empty of actual meaning.

    What is the effect of a lower tax rate?[/QUOTE]

    Man you libs are real pieces of work...One supposed tax policy center is debunked due to their ties to Center for American Progress, and what do we get? Another one linked to the same people....HA....Lib arguments are jokes.


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

    Quote Originally Posted by Centinel View Post
    If we are going to tax incomes and capital gains income, they should both be taxed at 15%.

    Of course, my first choice would not to have taxes on income at all. But, you know, baby steps...
    So you will accept a little bit of what you deem to be evil? Interesting value system you have. 35% is evil but 15% is slightly less evil? Interesting.

    I wonder if rapists would follow that dictum and only penetrate halfway would that excuse stand up in court?
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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
    So you will accept a little bit of what you deem to be evil? Interesting value system you have. 35% is evil but 15% is slightly less evil? Interesting.

    I wonder if rapists would follow that dictum and only penetrate halfway would that excuse stand up in court?


    Now Romney is a rapist?


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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