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

  1. #231
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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
    Basic tax accounting? Why would Mitt Romney just list off his effective tax rate for federal taxes? He is embarrassed that it is so low. You think he would just leave off a bunch of the taxes for no reason?

    www.ctj.org/pdf/taxday2011.pdf
    Absolutely ridiculous. I'm done here. Dream on, Team.
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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
    I will keep that in mind in 4 years if Robert Portman is running for president as the late David Broder believed he would
    And that is significant because?

  3. #233
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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
    yeah its a constant source of speculation one part of the rich bashers use to justify higher taxes.

    you see there are two basic schools

    You have the FROM EACH ACCORDING TO THEIR ABILITY CROWD (ie tax the rich more because they have more)

    and you have the far less honest crowd who try to justify the rich paying tons more income and death taxes than everyone else based on the MYTH and the BS that the Rich actually use more

    the problem with that nonsense is that for your system to work you have to claim that ONE MITT ROMNEY uses more government services than the thousands upon thousands of people who pay less federal income taxes combined than Mitt does by himself
    Again, how many times have we gone over list after list of things where the rich benefit far more from society than other people do? But you aren't able to come up with a counter argument, so instead you just blurt out irrelevant rhetoric. Fail. Again. But guess what, you'll be back tomorrow asserting the same exact thing again like this didn't happen won't you?

  4. #234
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by winston53660 View Post
    And that is significant because?
    because you brought up Ohio when dealing with a candidate from another state-I have no idea what sort of sin taxes Taxachussettes has

  5. #235
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by MaggieD View Post
    Absolutely ridiculous. I'm done here. Dream on, Team.
    The data is right there. Do you have any data that contradicts it at all?
    Last edited by teamosil; 01-18-12 at 11:32 PM.

  6. #236
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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
    Again, how many times have we gone over list after list of things where the rich benefit far more from society than other people do? But you aren't able to come up with a counter argument, so instead you just blurt out irrelevant rhetoric. Fail. Again. But guess what, you'll be back tomorrow asserting the same exact thing again like this didn't happen won't you?
    again speculation-most of that list is crap without any supporting documentation

    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

  7. #237
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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
    Show me where he said it was just federal or admit you're lying.
    show me where by his statement he didn't mean just federal?
    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.
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by mike2810 View Post
    show me where by his statement he didn't mean just federal?
    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.
    where teamosil failed was his claim that Romney meant ALL OF HIS TAXES and clearly it was INCOME Taxes.

    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

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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
    where teamosil failed was his claim that Romney meant ALL OF HIS TAXES and clearly it was INCOME Taxes.

    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
    from the article in the OP


    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

  10. #240
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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
    I just posted a link, maybe after you replied disproving this- http://www.ctj.org/pdf/taxday2011.pdf
    How can you reply to a study that doesn't release how they calculate their figures? How can they figure state and local taxes into the model and apply it the entire country when those tax laws vary by state/district? Using total FEDERAL effective tax rates is relevant considering that is the only policy the person running for office can effect. When advocating for changes in tax policy it does not make sense for presidential candidates to incorporate state and local taxes as they are varied and out of federal control. I'd like it if you could find a study that isn't from:

    CTJ fights for:

    Fair taxes for middle and low-income families
    Requiring the wealthy to pay their fair share
    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?

    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

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