like the "rich benefit more from wars" I don't benefit from wars. Or we have "more to lose" which is why we have insurance etc. stuff you all just make up in order to justify parasitic tax schemes on those who are more industrious than you are.
in fact we can prove more direct use of government services by the poor. Foodstamps, etc go ahead and PROVE your claims-you cannot
It seems that many of us understood he was talking federal taxes.
Can't wait till Pelosi or Reid makes any comments. If they don't specify exactly what taxes they are talking about, guess we can all stay confused.
"I can explain it to you but, I can't understand it for you"
now anyone who actually understands the context of his comments knows he was talking about federal income taxes where capital gains and dividend income is taxed at 15% for the top payers because that is the rate he referenced and immediately qualified it by saying he had mostly investment income
Romney said his annual income is "overwhelmingly from investments" rather than ordinary income, which is taxed at a higher rate.
that clearly is a reference to the federal income tax
If you look at the Mass. tax rate you can see he was obviously referring to federal taxes
What exactly are you arguing by incorporating every government tax/fee under the sun? That all taxes (property, excise, sales, FICA, disability) and fees (vehicle registration etc.) should be progressive? It seems your main beef is with the long-term capital gains tax. Are you advocating that there should be no difference between short-term and long-term capital gains? That investments held over a year be taxed the same as trades made within a month?CTJ fights for:
Fair taxes for middle and low-income families
Requiring the wealthy to pay their fair share
Keep in mind Romney is 64 years old. Throughout his working career, if he was earning top-bracket income it was taxed at 35%. Most people at that age rely on a fixed income from their retirement accounts or social security.
"There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio