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

  1. #261
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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
    well you were the one proven wrong tonight objectively
    What the hell are you talking about? What do you think you've proven me wrong on? lol.

    Quote Originally Posted by TurtleDude View Post
    all the other stuff is your opinion and your values which I reject.
    My opinion... Dude, I posted the effective tax rates. That was the core of what we've been arguing about and it turned out I was 100% right and you were completely wrong about that. I presented a list of areas where the rich benefit more from society than the rest of us and you had no counter argument. Lets here it. Inside your head, where did you win a debate tonight?

    Quote Originally Posted by TurtleDude View Post
    that's not at issue and you know it
    What are you talking about its not the issue? He paid 15% in progressive taxes. He almost certainly paid less than 1% is regressive. So his total tax burden is between 15% and 16%... Did you think that changed something? lol.

  2. #262
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by Rhapsody1447 View Post
    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.



    Speculating.



    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.



    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"?



    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?
    great post-you are right, hate is what motivates a lot of this nonsense towards the rich. they engage in some real idiocy-such as saying the progressive rates on earned income is perfect because congress decreed it and then they turn around and piss and moan about the tax rates (which give many groups a break) on investment income

    they cannot argue why the rates on LTCG are wrong OTHER THAN WHINING about the rich

    its all about envy-it has nothing to do with sound economics or even the "Good of society"

    its about envy and spite

  3. #263
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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
    What the hell are you talking about? What do you think you've proven me wrong on? lol.



    My opinion... Dude, I posted the effective tax rates. That was the core of what we've been arguing about and it turned out I was 100% right and you were completely wrong about that. I presented a list of areas where the rich benefit more from society than the rest of us and you had no counter argument. Lets here it. Inside your head, where did you win a debate tonight?



    .
    do you really want me to post your error tonight

    where you claimed Romney was talking about all of his taxes being 15%?

    POST 182
    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.
    and the article says as follows


    Republican presidential front-runner Mitt Romney revealed Tuesday that he pays about a 15% income tax rate

  4. #264
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by Rhapsody1447 View Post
    I don't pretend to know everyone in the country's tax burden.
    Luckily that data is readily available.

    Quote Originally Posted by Rhapsody1447 View Post
    I look at federal effective tax rates when debating FEDERAL TAX POLICY.
    Just pretend the other taxes don't exist? Just so that you get the numbers that support your political preferences instead of the real numbers?

    Quote Originally Posted by Rhapsody1447 View Post
    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.
    How is a $100 DMV not regressive? Of course that's regressive. Somebody who makes $1m/year doesn't drive 100 times as many cars as somebody who makes $10k/year...

    Quote Originally Posted by Rhapsody1447 View Post
    All investors pay the same tax rate, not just rich ones.
    You know that the rich make a much higher percentage of their income investing than do working people.

    Quote Originally Posted by Rhapsody1447 View Post
    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?
    That wouldn't be this tax year anyways, but I would guess he probably still was paid in carried interest then too. Most CEOs are payed primarily in equity so they get the low tax rate.

  5. #265
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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
    do you really want me to post your error tonight

    where you claimed Romney was talking about all of his taxes being 15%?
    Oh look, you decided not to quote the part of my post where I responded to that argument did you... Again:

    What are you talking about its not the issue? He paid 15% in progressive taxes. He almost certainly paid less than 1% is regressive. So his total tax burden is between 15% and 16%... Did you think that changed something? lol.

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

    Makes perfect sense to me. Maybe if I use different words.... You seem to be saying that Romney is already paying too much in taxes, because he doesn't get back from government what he pays in. Then you said that you have no idea how much benefit he got from the $800 billion TARP program (for example). Thus your main premise is based on pure speculation (and you won't even speculate).
    If I was to speculate I would say that Romney got tens of millions of dollars in value from TARP, insofar as his money is tied up in investments which would have lost a substantial percentage of their value if the government had not propped up the banks, and thus the markets. It may be that he got more value from that one action than he will EVER pay in.
    Romney was very rich long before TARP

    ponder that

    and here-you claim this makes sense?

    and d then you say you don't what he gets back ... that's not all that convincing.
    Wow, that is ponderous. Completely illogical and devoid of merit, but ... ponderous!

  7. #267
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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
    Oh look, you decided not to quote the part of my post where I responded to that argument did you... Again:

    What are you talking about its not the issue? He paid 15% in progressive taxes. He almost certainly paid less than 1% is regressive. So his total tax burden is between 15% and 16%... Did you think that changed something? lol.
    I dub thee BLACK KNIGHT



  8. #268
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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
    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.
    So what do you want, a cookie? No one envies you. Nor does anyone want to raise your taxes. Actually, the argument is that you are paying too much in the way of taxes relative to those who are in the top 1%. Some of us feel kind of bad that people like you are paying a higher tax rate than someone like Mitt Romney.

  9. #269
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by AdamT View Post
    So what do you want, a cookie? No one envies you. Nor does anyone want to raise your taxes. Actually, the argument is that you are paying too much in the way of taxes relative to those who are in the top 1%. Some of us feel kind of bad that people like you are paying a higher tax rate than someone like Mitt Romney.
    she isn't paying a higher tax rate than Romney on like income

    nor is she paying a higher overall federal income tax level unless she is making over 200K a year

    maybe she is but the fact remains if she invests she will pay less on that income than on salary and if she sells that business she will pay less as well than her earned income

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

    btw your claim Adam T that no one wants to raise her tax rate is in error

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