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

  1. #181
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by teamosil View Post
    Right. Romney's effective total tax rate is 15%. The median effective total tax rate for an American is 27%.
    what is the average effective tax rate of most americans-much less than that. and the 15% refers to his federal income tax rate on earned and investment income. He pays 35% on earned income, 15% on investment income

    the top rate for both types of income. no group pays an effective federal income tax rate over 25%

    your claim is dishonest because that median rate involves all taxes and you are not comparing Romney's total tax rate but rather federal income tax rate

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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 group pays an effective federal income tax rate over 25%
    TD how many times have I explained to you why just looking at federal is idiotic? 100 times? Try harder.

    Quote Originally Posted by TurtleDude View Post
    your claim is dishonest because that median rate involves all taxes and you are not comparing Romney's total tax rate but rather federal income tax rate
    No, that is false. That is Romney's total taxes state and federal. People in his tier don't really pay state taxes. Sales and property and all that are irrelevant percentage wise at his point. But, he says flat out that he paid 15% total in taxes.

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

    Quote Originally Posted by teamosil View Post
    TD how many times have I explained to you why just looking at federal is idiotic? 100 times? Try harder.



    No, that is false. That is Romney's total taxes state and federal. People in his tier don't really pay state taxes. Sales and property and all that are irrelevant percentage wise at his point. But, he says flat out that he paid 15% total in taxes.
    gee but this thread is about Romney's federal tax rate

    does he live in a state with income taxes? property taxes?

    and who cares-its you lefties who whine about it

    the fact is, HE PAYS THE TOP RATE IN EVERY TYPE OF PROGRESSIVE TAX

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

    Quote Originally Posted by teamosil View Post
    The median effective tax rate in the US is 27%. That's how much the typical American pays between state and federal taxes. Megamillionaire robber baron Mitt Romney, however, only pays 15%.

    That is not uncommon at all for the superrich. They do not pay many of the taxes middle class people pay at all- no FICA, no unemployment, no disability, etc. And many of the taxes that apply to a large portion of middle class's income- sales, property, vehicle, etc- apply to only a very tiny percentage of the income of someone as wealthy as Romney, so in effect, they don't really pay those either.

    But, you might think, we have a progressive income tax system. Certainly the super rich get hit up on that one. But, nope, they don't. The progressive income tax system really only affects up to upper middle class people. People in really high paying jobs pay 35%, in addition to the other taxes listed above. But once you break past that into the super rich, they don't get paid in wages, they get paid with equity, and equity is only taxed at a measley 15%. So, in addition to being excused from most types of taxes, they get a 20% reduction in their tax break because they don't have to work to make their income.

    Romney reveals he pays about 15% in taxes - CNN.com
    "Mega millionaire robber baron." Now that is funny. No spin whatsoever in this post. Nope, none.
    "Absence of evidence is not evidence of absence." - Dr. Carl Sagan

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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
    gee but this thread is about Romney's federal tax rate
    Dude. Read the part of the post you didn't bold before you reply. Try harder. I know you can do a better job than this.

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

    Quote Originally Posted by FluffyNinja View Post
    "Mega millionaire robber baron." Now that is funny. No spin whatsoever in this post. Nope, none.
    "Robber baron" means something specific- people who buy companies and shut them down just to sell off the assets. That's not just spin, that is what his job was until he got into politics.

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

    Quote Originally Posted by teamosil View Post
    TD how many times have I explained to you why just looking at federal is idiotic? 100 times? Try harder.



    No, that is false. That is Romney's total taxes state and federal. People in his tier don't really pay state taxes. Sales and property and all that are irrelevant percentage wise at his point. But, he says flat out that he paid 15% total in taxes.
    from the article in the OP

    Republican presidential front-runner Mitt Romney revealed Tuesday that he pays about a 15% income tax rate but continued to resist calls by his rivals to release his tax returns.

    Now I don't see any reference to state taxes, sales taxes, property taxes, excise taxes, airport taxes, hotel taxes, vehicle registration taxes, business use taxes, firearms Robinson Pittman taxes

    so you are either lying about the opening post's citation or you are citing some article without crediting it

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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
    Now I don't see any reference to state taxes
    Kiddo, you understand that it is just this weird malfunction you have where when you say "taxes" you just mean "federal taxes", right? He said "taxes". That means all taxes. I'll grant you that it is income taxes, not sales tax and whatnot, but obviously a megamillionaire only pays 0.001% of their income on sales taxes or whatever, so I guess you're wrong eh?

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

    Quote Originally Posted by teamosil View Post
    TD how many times have I explained to you why just looking at federal is idiotic? 100 times? Try harder.

    No, that is false. That is Romney's total taxes state and federal. People in his tier don't really pay state taxes. Sales and property and all that are irrelevant percentage wise at his point. But, he says flat out that he paid 15% total in taxes.
    Where are getting that this is his total taxes....state and Federal? Thin air. And where are you getting that "people in his tier don't really pay state taxes?"

    he pegged his effective personal tax rate at close to 15 percent.
    Effective tax rate. Your effective tax rate is probably not even 5%. Why are people ignoring this fact? More fun to bash Romney? Good grief!

    If you consider income tax liability alone, the average effective federal tax rate for people with incomes between $40,000 and $50,000, for instance, is just 3.2%, according to Tax Policy Center estimates. (In measuring income, the center uses gross income and adds to it other forms of compensation, such as the money your employer contributes to your retirement savings.) The lowest income families actually have negative average effective tax rates when income tax liability alone is measured. For families making $50,000 to $75,000, the effective tax rate is 5.7%. From $75,000 to $100,000, it's 7.2%. And if you make $200,000, it goes up to 9.9%.
    Hello? Anybody home?

    Is Romney's effective tax rate lower than yours? - Jan. 18, 2012
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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

    Quote Originally Posted by teamosil View Post
    Kiddo, you understand that it is just this weird malfunction you have where when you say "taxes" you just mean "federal taxes", right? He said "taxes". That means all taxes. I'll grant you that it is income taxes, not sales tax and whatnot, but obviously a megamillionaire only pays 0.001% of their income on sales taxes or whatever, so I guess you're wrong eh?
    you are just talking nonsense now-you get called on being dishonest and that is the best you can do

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