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

  1. #251
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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
    the people getting special breaks are everyone BUT THE RICH
    Yeah so you keep claiming. Except it always turns out you're dead wrong every time we debate it doesn't it?

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

    Lets look at some quotes from the OP's link to CNN

    "At the White House, Carney told reporters that President Barack Obama believes wealthy Americans "should not pay a lower effective tax rate than middle-class Americans."
    Was Carney talking about federal tax rate, State tax rate, or both? Think the answer is.... Federal.

    "When a reporter noted Romney was following the law, Carney responded: "The president believes we ought to change the law, for that reason." And he said the tradition of presidential candidates from both parties revealing their tax returns dates back to Romney's father, George, who released 12 years of tax records when he sought the Republican nod in 1968."

    So have you ever heard Obama talk about changing State income tax law? No, it clear that Carney is speaking of Obama's wish to change federal tax law.

    Can we now put this to rest. Romney revealed he pays 15% federal because most of income comes from capitial 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
    NOt relevant-nice try but not relevant. the point is (and you missed) is that different states have different taxes and claiming that "the poor" pay more taxes percentage wise than Romney because one incorporate state taxes requires an analysis of each state
    Knock knock any one in there?

    If they are not paying a tax whose position do you think that works in favor of? Yours or tea's?

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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 have proven you lied on this thread
    Seriously, you're going to sit there and pretend that you think Mitt Romney pays more than 1% of his income in regressive taxes. That is honestly what you're going to pretend? Obviously you know that is ridiculous, so quit playing dumb.

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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
    Yeah so you keep claiming. Except it always turns out you're dead wrong every time we debate it doesn't it?
    well you were the one proven wrong tonight objectively

    all the other stuff is your opinion and your values which I reject. You lied about what Romney was quoted on and you continued to deny that even when the language of the article was shown to you. and then you start making stuff up about the rich benefiting more and you base it on obviously speculative horse poop

    does anyone think you have won tonight? what have I said that can objectively be proven wrong? I have already proven you objectively WRONG and you demonstrated you lost when you directed an unsubstantiated personal attack at me
    Last edited by TurtleDude; 01-18-12 at 11:53 PM.

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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
    Seriously, you're going to sit there and pretend that you think Mitt Romney pays more than 1% of his income in regressive taxes. That is honestly what you're going to pretend? Obviously you know that is ridiculous, so quit playing dumb.
    that's not at issue and you know it

    you are trying to divert from the fact you got tuned

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

    While many were workin' for bosses and takin' home those sure paychecks with those paid vacations, sick days and hospitalization, I was starting my own business...starving for four or more years...working 60+ hours a week...taking risks...borrowing capital to grow my company...foregoing vacations...paying outrageous premiums for my health insurance...crying myself to sleep over the stress of firing employees and paying my bills...sick days? You've got to be kidding. Paid my taxes every year without monkeying with the numbers...sometimes had to borrow money to pay 'em, but pay 'em I did.

    I've never collected food stamps. Never collected unemployment. Never collected Section 8 Housing subsidies. Never collected one damn dime from any governmental agency.

    I saved my money and invested it well. I pay my taxes just like you do. I'm not in the 1%, but I'm doin' damn fine. While others went into debt to have the best toys in town, I paid cash and never carried a credit card balance. You know, that's sorta' called "living within one's means."

    Ya'll tell me...what did I do wrong? What did the government ever do for me other than provide me with a safe place to work my ass off?

    I'm so sick and tired of class envy, I can't TAKE it any more.
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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've seen the totals for combined state and federal dozens of times. They're always the same except for a minor variance by year. If you have any figures that contradict these, by all means lets see them. I never have.
    I don't pretend to know everyone in the country's tax burden. I look at federal effective tax rates when debating FEDERAL TAX POLICY.

    By averaging.
    Speculating.

    I'm incorporating all taxes because that's the actual tax burden and I don't see any reason to intentionally distort it to make it look like one group is paying more of the taxes than they are by leaving some out randomly...
    Right so you can slam any fee/tax that is not progressive as regressive. There is no distorting FEDERAL TAX RATES; all you need to do is look at the law. Claiming a $100 DMV fee is regressive is the only distortion going on here.

    I think all types of income should be taxed as income. No special breaks for rich investors.
    Your hate makes you nearly incomprehensible. All investors pay the same tax rate, not just rich ones. So you support removing incentives for holding investments over a year, gotcha. Should we get rid of charitable deductions while were at it since those "favor the rich"?

    No, he was paid primarily as "carried interest" by Bain anyways. I doubt he made even 5% of his lifetime money as wages.
    Right, more baseless speculation on your part. Romney was CEO of Bain & Co. before he started Bain Capital, what does your crystal ball tell you he paid then?
    "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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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by mike2810 View Post
    So have you ever heard Obama talk about changing State income tax law? No, it clear that Carney is speaking of Obama's wish to change federal tax law.
    Right... Not sure what you think that indicates. A federal official would change the federal rates, not the state ones. That doesn't mean that they wouldn't look at how all taxes are distributed when figuring out where it is reasonable to put more tax burden. They adjust the federal tax law to offset regressive taxation in states all the time.

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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
    you are lying. the 90% rate was gone before LBJ took office. and the effective rate back then wasn't much different than it is now due to all kinds of exemptions, write offs and other ways to lessen that confiscatory top marginal rate.

    If you think 90% is a great rate you need to start paying that much of every next dollar you earn. If you aren't willing to keep only 10c of every dollar you earn you have absolutely no integrity demanding that others pay that rate
    I'de be overjoyed to pay that 90% because that would mean I was making over $500,000 a year! You know that 90% was not the rate on "every dollar" don't you? That rate was only paid on income OVER $500,000 or what ever the threshold was. The 1st $500,000 are taxed at the lower rate, just like $250,000 of your income will still get the lower rate when those Bush tax cuts expire this year. Only your income over that $250K limit will get the hike to 39% so maybe you should look into some more worthy charities or give some of your employees a raise so you won't have to pay so much to Uncle Sam. Its all good, it gets that money out of the closet just like taxes do, and you can feel like you are cheating the Govt.
    Last edited by iguanaman; 01-19-12 at 12:03 AM.

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