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

  1. #121
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by iliveonramen View Post
    I would like to point out that 50,000 is household income not median individual income. The median individual income for 2010
    If they are married filling jointly means they owe 15%,married filling separately or married head of household owe 25%.

    Wage Statistics for 2010

    That means 50% of Americans make less than 26k a year. And you're complaining they don't pay enough in taxes.
    If you are going to be complaining that someone isn't quote and quote paying their fair share in federal income taxes then shouldn't you be paying income taxes first before demanding others pay more? If these people are not paying their federal income taxes it is because they are exploiting those tax breaks/cuts/loopholes or credits just as much as those who actually do pay federal income taxes.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

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

    If they are married filling jointly means they owe 15%,married filling separately or married head of household owe 25%.
    I was just pointing out it was for households not individual.

    If you are going to be complaining that someone isn't quote and quote paying their fair share in federal income taxes then shouldn't you be paying income taxes first before demanding others pay more? If these people are not paying their federal income taxes it is because they are exploiting those tax breaks/cuts/loopholes or credits just as much as those who actually do pay federal income taxes.
    I don't think so. I don't think there's a criteria for having an opinion in public policy. First of all everyone pays payroll taxes. That funds half of the American budget. Yes it's suppose to be for entitlements but it's been used to fund the government and now entitlements are probably going to be cut. So yes, the income tax rate effects everybody even those that don't necessarily pay income taxes. Second of all it's a faulty argument to limit who can weigh in on an argument. It's deflecting the issue from the actual consversation....do we need to change our tax policy and turning it into an argument that the poor need to pony up in American. Then of course...if your a billionaire like Warren Buffet and probably pay more taxes in real dollars than anybody in this country the argument is he should be sending in checks to fund everyone elses tax cuts. Clear case of obfuscating on both accounts from the issue which is American tax policy.

    There's also no problems with people using loopholes to pay less...nobody is going to want to pay more than soemone else in their bracket, the discussion is are those loopholes necessary and should they be ended.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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

    Quote Originally Posted by jamesrage View Post
    If they are married filling jointly means they owe 15%,married filling separately or married head of household owe 25%.



    If you are going to be complaining that someone isn't quote and quote paying their fair share in federal income taxes then shouldn't you be paying income taxes first before demanding others pay more? If these people are not paying their federal income taxes it is because they are exploiting those tax breaks/cuts/loopholes or credits just as much as those who actually do pay federal income taxes.
    How much do you think it costs to live in America? There is no money to spare in an income less than $26,000. Do you want blood from a stone? Income tax rates are based on the earners ABLILITY to pay.
    So NO, it is not wrong to ask people who make more to pay more. I see you are up for Romney's tax plan to "broaden the base". He wants to steal the middle class's only real deduction, the one their mortgage interest so he can cut the highest bracket even more. He doesn't care that all that new tax money will come out of consumer spending further depressing the economy, not to mention what it will do to the already dismal housing market. Thank heaven he has little chance of a win in Nov. His plan is a sure loser.

  4. #124
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by liblady View Post
    maggie, romney's income is made up of dividends and capital gains. those are taxed at 15%. I am taxed at higher than 15%. so he really DOES pay a much lower percentage of his total income in federal taxes than I do. THAT'S what is ****ed up.
    And Romney thinks the tax rates for the rich should be cut even further. Who else could be the better defender of the 15% tax rates for 1% in the main battle of the class war that will be fought in the November election?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Quote Originally Posted by iguanaman View Post
    So NO, it is not wrong to ask people who make more to pay more.
    Ha, like taxes are about ASKING anything.

    Way to soften it.
    Last edited by Neomalthusian; 01-18-12 at 03:46 PM.

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

    Quote Originally Posted by iguanaman View Post
    So NO, it is not wrong to ask people who make more to pay more.
    pssst........people that make more money already pay more income taxes.

    Ever look at the tables when you file taxes ???

    How much do YOU think people should pay in federal income tax ??

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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

    Quote Originally Posted by Gill View Post
    pssst........people that make more money already pay more income taxes.

    Ever look at the tables when you file taxes ???

    How much do YOU think people should pay in federal income tax ??

    people who make millions of dollars a year should NOT have a lower rate than i do, period. it's unconscionable.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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

    Quote Originally Posted by iguanaman View Post
    How much do you think it costs to live in America? There is no money to spare in an income less than $26,000. Do you want blood from a stone?
    It depends solely on where you choose to live.
    I know in my city you can buy a house for under 26,000.

    Income tax rates are based on the earners ABLILITY to pay..
    Which is why it starts at 10% and goes up to 35%.

    So NO, it is not wrong to ask people who make more to pay more.
    If you are not paying federal income taxes or exploit the hell out of loopholes then you have no business demanding others pay more.Its just makes you a hypocrite which results in you losing what ever credibility you had.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

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

    Quote Originally Posted by Gill View Post
    pssst........people that make more money already pay more income taxes.

    Ever look at the tables when you file taxes ???

    How much do YOU think people should pay in federal income tax ??
    It depends on how much growth you want in the economy. Raising rates on top earners even a few % has proven to increase private investment in business and even lower unemployment and raise average salaries.
    In fact, in the aftermath of the Clinton tax increase, the economy grew at an impressive 4 percent per year, adding an average of around 240,000 new jobs every month.
    Imagine the growth that a top rate of 50% would bring.

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

    Quote Originally Posted by jamesrage View Post
    It depends solely on where you choose to live.
    I know in my city you can buy a house for under 26,000.



    Which is why it starts at 10% and goes up to 35%.




    If you are not paying federal income taxes or exploit the hell out of loopholes then you have no business demanding others pay more.Its just makes you a hypocrite which results in you losing what ever credibility you had.
    i am demanding that the wealthy pay at least the same rates i do, plain and simple. all income should be taxed at the same rates. i will also add that everyone can't just pick up and move. i can buy a house here for 50k, but there are no jobs here.
    Last edited by liblady; 01-18-12 at 04:22 PM.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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