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

  1. #151
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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
    A sales tax is extremely fair.Fair implies equal share or treatment.Equal means the same as or evenly proportioned. Everybody paying the same percentage is fair.Everybody paying the same sales tax percentage is fair.



    That has nothing to do with whether or not the taxes are fair.Fair implies equal share or treatment.It doesn't have squat to do with how much you have after taxes.
    There is nothing fair about tanking our economy to give the wealthy further advantages. A national sales tax would be disasterous for the economy and would drop spending and the GDP roughly the same amt. as the tax.

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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
    A sales tax is extremely fair.Fair implies equal share or treatment.Equal means the same as or evenly proportioned. Everybody paying the same percentage is fair.Everybody paying the same sales tax percentage is fair.



    That has nothing to do with whether or not the taxes are fair.Fair implies equal share or treatment.It doesn't have squat to do with how much you have after taxes.
    You can't determine what's fair without looking at the totality of the circumstances. Otherwise you come up with bizarre results. For example, why not tax people by the pound? You weigh 200 lbs. you owe $20k. You weigh 100 lbs. you owe $10k! That's fair, right? Everyone pays the same amount per pound!

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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
    Imagine what a top rate of 100% would do ??
    We have had it as high as 90% and had good results with that. That rate got us to the moon and back in a decade. Do you think we could do that today?
    Last edited by iguanaman; 01-18-12 at 07:09 PM.

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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.
    It has been that way for years. Differnt types of income, his capital, yours non capital.
    "I can explain it to you but, I can't understand it 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 Fishstyx View Post
    Then you should be fine with the current tax structure. A family making $40k either pays 0% or actually -0% in federal income tax.
    and it rapidly goes negative. I made a shade under 30K this last year, and my "refund" is about 5K more than I had withheld for FIT.

  6. #156
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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
    We have had it as high as 90% and had good results with that. That rate got us to the moon and back in a decade. Do you think we could do that today?
    Great idea. I think you should get Obama and the other Dems in Congress to campaign on that.

    • "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
    Great idea. I think you should get Obama and the other Dems in Congress to campaign on that.
    I'de settle for a 50% flat tax on all income over $1 million no matter where it came from. That would be a winner with the voters too, don't you think?

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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
    I'de settle for a 50% flat tax on all income over $1 million no matter where it came from. That would be a winner with the voters too, don't you think?
    People don't mind tax increases as long as they are not the ones paying it.
    Last edited by jamesrage; 01-18-12 at 07:30 PM.
    "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

  9. #159
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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
    You can't determine what's fair without looking at the totality of the circumstances. Otherwise you come up with bizarre results. For example, why not tax people by the pound? You weigh 200 lbs. you owe $20k. You weigh 100 lbs. you owe $10k! That's fair, right? Everyone pays the same amount per pound!
    Body weight has nothing to do with income or the amount of money someone spends.A sales tax means you are taxed based on what you spend. For example if the sales taxes is ten percent sales tax means if you spend a dollar you pay ten cents you spend a million dollars you pay 100,000 dollars.
    "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 jamesrage View Post
    [...] A sales tax means you are taxed based on what you spend. For example if the sales taxes is ten percent sales tax means if you spend a dollar you pay ten cents you spend a million dollars you pay 100,000 dollars.
    If I spend a million dollars in the stock market (buying stock), how much do I pay?

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