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

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

    Quote Originally Posted by Grant View Post
    It has been calculated that if the federal government were to increase every single tax by 30% it would take 25 years to balance the books BUT only if the government stopped spending more money. And what is the likelihood of that?

    You can kiss the idea of a "better America" goodbye. That's gone and you pissed it away.



    Benjamin Franklin was said to have been asked, “Well, Doctor, what have we got—a Republic or a Monarchy?”

    To which he replied, “A Republic, if you can keep it.”

    He seems to have had some foreboding about this generation of Americans.
    The only way we can reduce the debt is get the economy going, and the only way we can get the economy going is by increased demand, and the only way you have increased demand is if most of the money is not going to the top, out of reach of the working class who created demand.

    Many have already figured this out, which is a very positive sign!
    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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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by j-mac View Post
    No, no, no....This is the only way you can get to your number to prop up your claim, I understand, but you have ignored for quite a few pages now, and I know this to be true, because I am that earner you are talking about...The employee has about 7% of their salary withheld for Federal income tax, the employer pays another 7%. At the end of the year as it is now, I get my W-2, and do my taxes. After my deductions, I usually get back about $1500.00 from federal making my tax that I paid throughout the year, about 6% or so.

    Your intentionally attempting to meld any, and every tax together concerning someone making roughly my salary in order to make your meme work, which is at best a clear misunderstanding of what people actually pay, at worst you are lying.


    j-mac
    As documented, the normal method for economist is to include both the employer's portion and the employee's portion since that is part of the compensation for services. And you evidently are on the low tax side then of the average they used for everyone in the $50,000 to $75,000 range.
    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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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by Catawba View Post
    The only way we can reduce the debt is get the economy going, and the only way we can get the economy going is by increased demand, and the only way you have increased demand is if most of the money is not going to the top, out of reach of the working class who created demand.

    Many have already figured this out, which is a very positive sign!

    The theory of the Communists may be summed up in the single sentence: Abolition of private property.

    KARL MARX, The Communist Manifesto


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

    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 Catawba View Post
    As documented, the normal method for economist is to include both the employer's portion and the employee's portion since that is part of the compensation for services. And you evidently are on the low tax side then of the average they used for everyone in the $50,000 to $75,000 range.

    I've published it here before. I am right in the middle, at $60K, and like I said, the practice of adding in what the employer pays is a false narrative seeing as Romney pays the entire amount, and you attack on unequal comparison.

    It is a lie.

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

    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 Catawba View Post
    The only way we can reduce the debt is get the economy going, and the only way we can get the economy going is by increased demand, and the only way you have increased demand is if most of the money is not going to the top, out of reach of the working class who created demand.

    Many have already figured this out, which is a very positive sign!
    Dream on! The US is running on borrowed money and soon you'll have to start printing more, leading to massive inflation. It has been a seamless transition from 'the greatest generation' to the dumbest generation.

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

    Quote Originally Posted by Paratrooper View Post
    I wish we'd just get rid of the IRS and income taxes all together. I'd be willing to pay more sales tax than have to deal with our silly tax code that takes an army of lawyers to decipher.

    And it would eliminate arguments such as this.
    I like the idea of eliminating income tax. In its place, I would institute a very low general excise tax of say 2 or 3%. Federal revenues required in excess of that generated by the excise tax would be raised through requisitions to the states, which would be apportioned by population. Each state would be responsible for paying its own federal tax bill.

    In the end, of course, I would like to see all taxes repealed, but the above plan seems like a step in the right direction.

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

    Quote Originally Posted by Grant View Post
    It has been calculated that if the federal government were to increase every single tax by 30% it would take 25 years to balance the books BUT only if the government stopped spending more money. And what is the likelihood of that?

    You can kiss the idea of a "better America" goodbye. That's gone and you pissed it away.



    Benjamin Franklin was said to have been asked, “Well, Doctor, what have we got—a Republic or a Monarchy?”

    To which he replied, “A Republic, if you can keep it.”

    He seems to have had some foreboding about this generation of Americans.
    1- either or is not the solution. Both is the answer.

    2- I do not remember kissing or pissing anything goodbye or away. When did I do this?

    3- Ben Franklin - a great mind of the 1700's who knew his time as well as any. Sadly for him, its now the 21st century.
    __________________________________________________ _
    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

    Moderator's Warning:
    Romney reveals he pays about 15% in taxes(edited) Gentlemen, ladies.... please keep this thread civil and refrain from namecalling. Those who cannot do so will be uninvited from it....

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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
    You mean the one who noticed it and had to make a big deal about it. There was not much notable or offensive about that post, until you decided to make it a major issue.

    .
    why are you lying?

    All I did was make a very short post saying that his mention of race was not furthering discussion.

    Bringing race into this does not advance the discussion.
    9 words. Now count all the posts and words that the defenders of that silly post on race have added since then.

    You and other defenders of the right made a big deal about it. And continue to do so. And I suspect will continue to do so.
    Last edited by haymarket; 01-24-12 at 08:31 PM.
    __________________________________________________ _
    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
    1- either or is not the solution. Both is the answer.

    2- I do not remember kissing or pissing anything goodbye or away. When did I do this?

    3- Ben Franklin - a great mind of the 1700's who knew his time as well as any. Sadly for him, its now the 21st century.
    You don't remember a $16 trillion debt either? Do you know who will pay it down?

    There is no sadly for him. He's been dead for over 200 years.

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