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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 TurtleDude View Post
    why do you limit your rant to billions

    and why are you so enamored with the government taking more and more private wealth?

    do you actually BELIEVE the government needs all this money and spends it wisely?
    Why do you keep moving he goal posts after you are proven wrong in your previous posts?

    I do not see how anyone could object to ALL Americans paying income tax on money going into their pocket or accounts. That is the essence of fairness.
    Last edited by haymarket; 01-28-12 at 03:12 PM.
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    Re: Romney reveals he pays about 15% in taxes(edited)

    carnegie left his wife sums that come up to be over 125 MILLION. the uber wealthy's estates regenerate rather quickly
    in cases where grandparents and parents die less than 40 years apart the wealth of the family is diminished, when its less than 20 years the estate often will never recover.

    the bottom line-people who argue for the death tax ooze envy or they truly believe that the government NEEDS and is ENTITLED to more and more private wealth

    so why not tax everyone's estates?

    actually if you want an estate tax it should be directed to those who did not pay federal income taxes during their lifetime

    right now it is nothing but a SURCHARGE on the most overtaxed citizens when it comes to federal taxes

    and the next time any of you whine that you pay a higher federal tax rate than Romney figure out his lifetime federal tax rate with the death tax figured into that

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

    Okay, folks. My basic stance is that the death tax is a punishment for looking out for your family with income that you were already taxed on. I'm not hyper-partisan or even really right wing. Show me those arguments and let's discuss. I apologize for my laziness, but I'm not going back through 177 pages in this thread and every other thread to find the arguments. Please bear with me and present those arguments succinctly again.

    As for the semantics of the name, you can call a stable the Mariott, but that doesn't stop it from smelling like poop and I won't look forward to staying there. I don't call lots of government programs by their presented name. Convince me this isn't a barn full of dung and fat animals.
    Omniscience just sucks without omnipotence!

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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 do you keep moving he goal posts after you are proven wrong in your previous posts?

    I do not see how anyone could object to ALL Americans paying income tax on money going into their pocket or accounts. That is the essence of fairness.
    no the real essence of fairness is not taxing ONLY those who already pay massive income taxes

    lets get rid of the abomination in its entirety


    (and tell me why that is wrong-the people who pay the death tax are the ones who pay 40% of the federal income taxes)

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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
    no the real essence of fairness is not taxing ONLY those who already pay massive income taxes

    lets get rid of the abomination in its entirety


    (and tell me why that is wrong-the people who pay the death tax are the ones who pay 40% of the federal income taxes)
    no such thing as a 'death' tax...

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

    Okay, I apologize, but I presented a challenge and now I have to go out for a bit. I will try to answer responses when I get back.
    Omniscience just sucks without omnipotence!

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

    Quote Originally Posted by Keridan View Post
    Okay, folks. My basic stance is that the death tax is a punishment for looking out for your family with income that you were already taxed on.
    My major problem with the estate tax is that people perceive it like... Parents are multi-millionaires and some playboy kid get millions and plays polo, but that isn't always the case.

    It hurts small businesses, farmer's, landowners, and people who have invested wisely; People who are not sitting on millions of dollars in cash. The their family has to start selling things (after losing a parent) to pay off some crummy tax.

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

    from Turtle

    carnegie left his wife sums that come up to be over 125 MILLION. the uber wealthy's estates regenerate rather quickly
    So what? Nobody is trying to prevent that. All we are saying - Carnegie included - is that the gift should be subject to taxation.


    in cases where grandparents and parents die less than 40 years apart the wealth of the family is diminished, when its less than 20 years the estate often will never recover.
    So what? Where is it written that irresponsible stewardship of inherited money must be protected against or guaranteed over time?


    the bottom line-people who argue for the death tax ooze envy or they truly believe that the government NEEDS and is ENTITLED to more and more private wealth
    Playing the right win version of your RACE CARD again.

    so why not tax everyone's estates?
    I agree. All transfer of income should be taxed as income. Glad to see you agree.

    actually if you want an estate tax it should be directed to those who did not pay federal income taxes during their lifetime

    right now it is nothing but a SURCHARGE on the most overtaxed citizens when it comes to federal taxes
    I already said that everyone should pay. Glad you agree.

    and the next time any of you whine that you pay a higher federal tax rate than Romney figure out his lifetime federal tax rate with the death tax figured into that
    Since there is no tax on death, what you ask is impossible in the real world we live in.
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by ric27 View Post
    My major problem with the estate tax is that people perceive it like... Parents are multi-millionaires and some playboy kid get millions and plays polo, but that isn't always the case.

    It hurts small businesses, farmer's, landowners, and people who have invested wisely; People who are not sitting on millions of dollars in cash. The their family has to start selling things (after losing a parent) to pay off some crummy tax.
    There are healthy exemptions. You need to be aware of them.

    http://en.wikipedia.org/wiki/Estate_..._and_tax_rates

    as you can see, in this year the exemption if over $5,100,000.00.
    Last edited by haymarket; 01-28-12 at 03:20 PM.
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by ric27 View Post
    My major problem with the estate tax is that people perceive it like... Parents are multi-millionaires and some playboy kid get millions and plays polo, but that isn't always the case.

    It hurts small businesses, farmer's, landowners, and people who have invested wisely; People who are not sitting on millions of dollars in cash. The their family has to start selling things (after losing a parent) to pay off some crummy tax.
    Currently the first FIVE MILLION you receive in inheritance is not taxable. So we're not talking about somebody who owns a small town gas station or a farm their family works personally, we're talking about chains of stores or massive commercial farms.

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