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.
"I can explain it to you but, I can't understand it for you"
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 10:53 PM.
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.
Thank you, Quazi!
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'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...
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"?I think all types of income should be taxed as income. No special breaks for rich investors.
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?No, he was paid primarily as "carried interest" by Bain anyways. I doubt he made even 5% of his lifetime money as wages.
"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
Last edited by iguanaman; 01-18-12 at 11:03 PM.