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

  1. #1191
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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
    I expected this response from you. What you state above is NOT what you challenged us to do:



    Kind of appears that you have moved the goal post…



    Please show where I told ‘Bartlet’ what to do with his money. I stated “he should discuss” which in no way “tells (sic) people what to do with their money” or is “attempting to play God or social engineer and tell somebody how they should allocate their money” (really 'over-the-top' response imho).



    So, as I stated previously, your opinion is ‘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.”…or what?
    baloney. I never move any goalposts. I challenged you to explain to Bartlett why he should support those discriminatory preferences and your advice amounted to he should take advantage of them too.
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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
    Yes sir. Any lowering of tax rates is a good thing in my book. The less the takers take, the better. Less injustice is better than more injustice. I will applaud ANY reduction in taxes.


    I'm not the taker here, you are. I'm not the one asking for either 35% or 15%. I advocate taking 0%. But I do advocate that the takers reduce their taking. I would prefer that they take 15% to 35%, just as I would prefer that a rapist rape fewer victims.
    You just advocated 15%
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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
    Bull ****! Can anyone have a capital gain?




    No they are inherently different. One is from wages, and one from investment. Two different things....Now stop lying.

    j-mac
    In theory, anyone can own an airplane or a 50 room mansion.

    So what?

    reality and who actually beneifts from Capital gains discriminatory rates paint a very different picture.

    Lying!?!?!?!?!? So please tell us how $800 K from wages is different than $800K in capital gains income. If we put them in two different piles we they look differently? Smell differently? Do they spend differently?
    Last edited by haymarket; 01-23-12 at 05:25 PM.
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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
    You just advocated 15%
    Absolutely. 15% is a good step towards 0%.

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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
    baloney. I never move any goalposts. I challenged you to explain to Bartlett why he should support those discriminatory preferences and your advice amounted to he should take advantage of them too.
    And why shouldn't he? Is there a law against it? And since it was HIS HARD WORK that yeilded the $800k in salary shouldn't he now be able to enjoy the fruit of his labor? Since he now is in the 1% he is not the 'discriminated' class. Why would YOU want to deprive him the JUST reward for HIS hard work?

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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
    In theory, anyone can own an airplane or a 50 room mansion.
    So what?
    So it reveals that it is NOT discriminatory. But of course opinions vary as I pointed out previously and is obvious.

    Lying!?!?!?!?!? So please tell us how $800 K from wages is different than $800K in capital gains income. If we put them in two different piles we they look differently? Smell differently? Do they spend differently?
    Well no $800k is $800k. But if I made $800k in wages then invested it, kicked back and profited $800k in cap gains on it I would then have $1.2m. If I had worked hard and made another $800k in wages I would have $1.04m. So yes, in the end they DO spend differently as the net sum is greater.

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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
    In theory, anyone can own an airplane or a 50 room mansion.

    So what?

    So what? Anyone can have a capital gain, that is what you just said, even though you tried to diminish the significance of that revelation from you by being snarky about it. The fact remains that ANYONE can enjoy a capital gain. Which means that the Tax on a capital gain for you is the same for Romney on his capital gain. So your claim of it being discriminatory is patently false. Therefore, a lie.

    Lying!?!?!?!?!? So please tell us how $800 K from wages is different than $800K in capital gains income. If we put them in two different piles we they look differently? Smell differently? Do they spend differently?
    I think you fully understand the how of why your path with this is deceitful. However, if you truly don't then I suggest you educate yourself on the difference between wage, and investment.

    I will however provide you with this...

    Between June 1981 and December 1986, the federal government allowed taxpayers to exclude 60 percent of capital gains from taxation. However, the Tax Reform Act of 1986 eliminated this exclusion, raising the maximum capital gains tax rate from 20 to 28 percent, a 40 percent increase. The increase was largest for middle income taxpayers, whose tax rate increased from 8.7 to 15 percent, a 72 percent increase. A capital gains tax reduction would help promote economic growth, benefit taxpayers across the income spectrum, and mitigate the unfair effects of taxing inflation-generated gains.

    The Economic Effects of Capital Gains Taxation
    This was the finding of our elected representatives. So, from this point on if you continue to label this falsely, I will continue to call you on it every time. Your lie will not stand.

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

    Catawba - Neither he, nor the GOP can answer why the working class should vote to continue the tax cuts for the wealthy.
    Quote Originally Posted by Centinel View Post
    They shouldn't.

    Thanks for being honest. The majority of Americans agree!
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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
    The problem, in my view, isn't people who work for a living, even if they make a boatload of money doing it, it is the tax loophole for investors. An investor who makes $400m pays only 15% capital gains tax on it despite making 1,000 times more than the guy above. That's the issue.



    No, I advocate that investors should pay the same tax rates as people who work.
    May be nitpicking but its not a loophole, its current policy.
    Since you seem to advocate everthing should be taxed the same as far a income, are you in in favor of all interest being paid at the same rate., so everyone gets the same interest rate no matter the amount of deposit?
    Last edited by mike2810; 01-23-12 at 07:20 PM.
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by mike2810 View Post
    May be nitpicking but its not a loophole, its current policy.
    Since you seem to advocate everthing should be taxed the same as far a income, are you in in favor of all interest being paid at the same rate., so everyone gets the same interest rate no matter the amount of deposit?
    To be more precise, my position is that all types of income should be taxed on the same rate scale. Just treat all income alike and use the tax rates we use for wages for all of it. So, interest income would just be added on to whatever wages or investment income you have, that'd be your total income, and you'd be taxed the same way as if it had all been wages.

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