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

  1. #1221
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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
    I know you are not asking me, but, I don't think that the economic climates are the same, so how can the two be accurately compared?


    j-mac
    So what proof do you have that slightly higher capital gains tax rate hurts economic growth? And, how does the higher national debt that results from the lower capital gains rate help our economy?
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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
    But you are changing the entire reality of what I gave you.
    How so? Have we moved on beyond Greg and Wesley?

    The point is that a pile of 800K looks like any other pile of 800K.
    To which I agreed by saying '$800k is $800k'.

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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
    How so? Have we moved on beyond Greg and Wesley?



    To which I agreed by saying '$800k is $800k'.
    Why should the American people support a law and system which permits one person earning $800K and paying a tax rate of 35% with a tax bill of $280,000.00 while another person earns $800K and pays a tax rate of 15% and a tax bill of 120,000 if all other conditions are equal other than the source of the money?

    How is that not discriminatory?
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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
    It doesn't sound like you have a defense on this point, but if you can lay one out, I'm all ears.



    That consumption taxes are regressive is not a controversial point. Everybody knows that. It's been firmly established always. Just look it up for yourself if you don't believe me. There is no economist in the world that would disagree with me on that.



    Dishonesty? Again, you seem to completely misunderstand the whole issue. The issue is that Romney advocates on behalf of lowering taxes for the rich and cutting spending on the middle class. But there he is, a fat cat rich dude that doesn't pay much in taxes. His own example undermines his policy position. You see? Nothing to do with honesty or whatever.



    You understand that just screaming "communist" isn't an actual argument, right? It's just right wing moronism running rampant.
    left wing moronisms being claims that average workers pay higher rates than top one percent taxpayers or that state taxes somehow are relevant when discussing federal taxes

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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
    Yes that is what I am asking,
    It is relevent. You want all types of income taxed at the same rate. Through this long thread I have not seen any evidence that doing so would be benifical to the economy or lead to the creation of more jobs. Your own link showed that the top 5 earning groups pay a lot of taxes and more than the bottom 2 or 3 groups. I believe some think it would give the govt. more money. My concern is Congress does not manage what they get now very well. Until Congress gets their financial house in order, they do not deserve any more tax revenue. Balance the budget, show us how they will reduce/rid us of the debt, and then any new spending tell us what it is for and the costs.
    Helping the economy or America in general has no relevance to those who whine for more and more and more taxes on the rich. what they want is to punish those who are more successful than they are or to use the money of the wealthy for their dem leaders to buy votes and elections. most of them are clueless about investing wealth and don't understand it and resent those who do

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

    Quote Originally Posted by Catawba View Post
    So what proof do you have that slightly higher capital gains tax rate hurts economic growth? And, how does the higher national debt that results from the lower capital gains rate help our economy?
    AND YOU cannot prove that lower rates hurt the economy. but I can tell you as an investor higher taxes hurt me and I tire of people with no skin in the game telling me I ought to pay more.

    If you do not pay at least 200K a year in taxes you have absolutely no credibility telling those of us who do that we ought to pay more. We already subsidize government services for you

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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
    Why should the American people support a law and system which permits one person earning $800K and paying a tax rate of 35% with a tax bill of $280,000.00 while another person earns $800K and pays a tax rate of 15% and a tax bill of 120,000 if all other conditions are equal other than the source of the money?

    How is that not discriminatory?
    why should I allow my money to feed and clothe ingrates who want me to pay them more and more?

    HOW is that not discriminatory. and what is funny is those whining about investment income are not people with 800K salaries-they are already investing. Its people who will never achieve that level of success pretending to defend someone of that talent

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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
    Why should the American people support a law and system which permits one person earning $800K and paying a tax rate of 35% with a tax bill of $280,000.00 while another person earns $800K and pays a tax rate of 15% and a tax bill of 120,000 if all other conditions are equal other than the source of the money?

    How is that not discriminatory?
    You have asked and I have answered this REPEATEDLY. Since you obviously feel taxing cap gains at different rates is discriminatory and I do not at this stage I am compelled to merely agree to disagree.

    Now, since I have played your Greg/Wesley game please refer to the unanswered question directed at you below.

    Quote Originally Posted by Dickieboy View 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).

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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
    left wing moronisms being claims that average workers pay higher rates than top one percent taxpayers or that state taxes somehow are relevant when discussing federal taxes
    "We found that a typical taxpayer with $50,000 in income pays 22 to 23 percent in income and payroll taxes."
    PolitiFact | Barack Obama says construction workers pay higher tax rate than someone earning $50 million a year

    "Romney says he is taxed at around 15 percent rate"
    Romney says he is taxed at around 15 percent rate | Reuters
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by Catawba View Post
    "We found that a typical taxpayer with $50,000 in income pays 22 to 23 percent in income and payroll taxes."
    PolitiFact | Barack Obama says construction workers pay higher tax rate than someone earning $50 million a year
    Tsk, tsk...what about the rest of the quote?

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