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

  1. #1541
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    Re: Romney reveals he pays about 15% in taxes(edited)

    Quote Originally Posted by Dickieboy View Post
    You don’t seem to get it. Who’s money do you think they are talking about when they discuss the ‘$2t sitting on the sidelines’? Who’s money was it that caused the stock market to plummet to around 6k in ’08. And then who’s money has been put BACK into the market to enable it to reach around 12k in the last few weeks? WE are the ones moving our money and some of us are about to retract AGAIN. What are YOU going to do about it? Whine? That'll help...

    And I asked previously what affect is this 5% going to make? With the AVERAGE annual projected realized capital gains 2010-2015 being $740b, 5% will yield $37b annually. THIS is your plan to reduce an average $1t deficit…think again.
    The Revenue Outlook
    No, we are also going to have to close the tax loopholes for the rich, increase the FICA cap, upgrade our health care system as the rest of the industrialized world has done, re-establish the firewall between commercial banks and investment banks, and we are going to have to cut wasteful spending in every program, and we are going to have make significant cuts in military spending and in the waging of optional wars.
    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 AdamT View Post
    We were in recession when Dems controlled both houses. Never a good time for any kind of tax hike.
    Excuse #112 of why "we can never do what we pretend to actually believe in..."

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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
    They did not control a super majority proof congress, do you think the working class have forgotten that?
    I think most reasoned and rational folks will see the constant stream of pathetic excuses as precisely what they are, and the mindless hacks will continue to swallow everything without so much as getting a single dribble on their chin...

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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
    Actually I was following the principle of meeting you at your own level. No use in talking over your head.
    Comedy gold, man...dont ever stop being you!

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

    Quote Originally Posted by TurtleDude View Post
    so what? its still voluntary. 7 million to charity and millions to the government and the parasite pimps who are called democrat politicians will whine its not enough
    It isn't voluntary if you want to be a member in good standing of the Mormon Church.

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

    Quote Originally Posted by VanceMack View Post
    I think most reasoned and rational folks will see the constant stream of pathetic excuses as precisely what they are, and the mindless hacks will continue to swallow everything without so much as getting a single dribble on their chin...
    One man's fact is another man's pathetic excuse, I guess.

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

    Romney is the perfect representative of the 1% to go into battle against the 99% in November ~

    Romney tax returns show he's no average multimillionaire

    "GOP presidential contender Mitt Romney isn't just in the top 1% of America's highest earners — he's in at least the top 0.006%, tax returns he released Tuesday show.

    Just 8,274 federal tax returns out of more than 140 million filed in 2009 had income that totaled $10 million or more, the most recent data available from the IRS show.

    The 2010 adjusted gross income of Romney and his wife, Ann, totaled $21.7 million, according to their tax return. That means they ranked high even among the top 8,274 tax returns.

    The tax returns show the Romneys paid an effective tax rate of 13.9% on their 2010 adjusted gross income. They anticipate paying an effective rate of 15.4% on adjusted gross income of $20.9 million last year, a preliminary tax return shows.

    Those rates place Romney far below the 35% top federal tax bracket. His effective tax rates are also below the 22% average that IRS data show the wealthiest filers paid in 2009 — as well as what GOP campaign rival Newt Gingrich and President Obama paid. But they top the 8% or lower rates paid by Americans with incomes of $100,000 or less, the IRS data show."
    His 2010 tax return shows $21.7 million income, most from investments
    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 TurtleDude View Post
    quit whining. to become rich these days you no longer can be big dumb and strong like factory workers could be in the 50's and make a good living. You have to have advanced technical skills and that comes with having advanced education. people who eschew education are falling behind
    What a completely ridiculous thing to say about workers who had factory jobs. Why do you need to resort to putting labels on people like DUMB and engaging in name calling? There were several men in my family and many in my neighborhood who had factory jobs and many were intelligent people who could put to shame some here who think their fancy elite school sheepskins confer IQ point upon them.

    As I finished my Bachelors, I worked for six months on a garbage truck and the driver was an old guy - a tough Finn from the upper peninsula with a sixth grade education. The man could talk to you about current events and politics like you were speaking to William Buckley. Thats not a factory job but some elitists would consider that even lower I would imagine.

    Please Turtle, leave the condescending elitism and name calling out of this.
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by VanceMack View Post
    Comedy gold, man...dont ever stop being you!
    When can we actually expect you to begin debate here?
    __________________________________________________ _
    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
    You are making no sense.

    If you wanna claim some national debt as your own - welcome to the jungle. But leave me out of your extremist fantasies.
    Extremist fantasies? What are you referring to?

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