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

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

Over the last 30 years tax rates for the middle class were increased and tax rates for the rich were cut, this was called supply side economics.

Can you source:
…30 years tax rates for the middle class were increased.
…this was called supply side economics

…or are these opinions?
 
Re: Romney's tax rate is only half as high as the middle class pays

No, I mean placing more of what were once private individual concerns and responsibilities in the hands of the government, and worse yet a distant, centralized, corrupt federal government.

No one is proposing anything more extreme than the 90s. What did you find so horrible about the 90's?
 
Re: Romney's tax rate is only half as high as the middle class pays

No one is proposing anything more extreme than the 90s. What did you find so horrible about the 90's?
I was referring to the tendency of leftists to use the government, especially the distant, centralized, federal government to exert control over others. I was not specifically referring to your desired tax hikes.
 
Re: Romney's tax rate is only half as high as the middle class pays

I have clearly stated that ALL people with income should have five points added to the bracket that they are now in. You cannot get more egalitarian than that.

I would be in favor of abolishing all estate taxes. All we have to do is to follow the advice I have been giving for a long time now, consider all money going into a persons pocket as income and apply the proper bracket accordingly. If we did that, we have no reason to have special estate taxes.

uh someone paying 5% vs someone paying 40% is hardly egalitarian. and your system does not prevent your dem leaders from pandering to those paying 5% by promising them stuff paid for by increasing that 40% bracket even more. Its not a transaction to inherit money anymore than a gift is.
 
Re: Romney's tax rate is only half as high as the middle class pays

No one is proposing anything more extreme than the 90s. What did you find so horrible about the 90's?

do you plan on creating another huge dot com bubble so those who were taxed too much had additional incomes?

your slavish devotion to the 90s is based on that premise which no one believes can happen again
 
Re: Romney's tax rate is only half as high as the middle class pays

Can you source:
…30 years tax rates for the middle class were increased.
…this was called supply side economics

…or are these opinions?

He's making stuff up. the middle class reaped massive income tax cuts too
 
Re: Romney's tax rate is only half as high as the middle class pays

Because I know enough about economics to know that making spending cuts when the private market is not producing makes a recession worse.

Over the last 30 years tax rates for the middle class were increased and tax rates for the rich were cut, this was called supply side economics. The theory was this would produce more jobs.

We now know this did not happen, and only made the rich richer and more of the middle class poor.

So, there is simply no reason to support the tax cuts for the rich any longer.

I always get a chuckle from those who claim to understand economics-so many of them have not been able to apply that supposed knowledge to their own financial situation.

You pretend that the current rates are tax cuts when in reality they are normalizing the clinton Tax HIKES

the income tax was supposed to be temporary when enacted so its fair to say that anything other than no income taxes are tax hikes
 
Re: Romney's tax rate is only half as high as the middle class pays

Not quite, supply side economics argues reducing the tax rates on EVERYBODY not just the rich.


"Supply-side economics is better known to some as "Reaganomics", or the "trickle-down" policy espoused by former U.S. president Ronald Reagan. He popularized the controversial idea that greater tax cuts for investors and entrepreneurs provide incentives to save and invest and produce economic benefits that trickle down into the overall economy."

Read more: Understanding Supply-Side Economics


Coincidently the Democrats are against section 199, ‘Domestic manufacturing tax deduction’, of the tax code which is argued to promote DOMESTIC manufacturing thus promoting outsoucing…


Section 199 is just another attempt of the failed Reaganomics, giving tax cuts to rich companies without any requirements for job creation. Been there, done that, for the last 30 years. No thanks! Where are the jobs the last 10 years of tax cuts to the rich were supposed to create???





Maybe you misread the quote. It said ‘it will not help’ not ‘will not be enough’. See the difference?

Maybe you missed that was the opinion of just one of the people surveyed. The Great majority agree with Obama's plan to tax the rich more.



A poll of ‘global’ investors is legitimate when considering US DOMESTIC economic policy? Is their agenda aligned with ours?

A majority of Americans agree with the majority of Global investors:

23 Polls Say People Support Higher Taxes to Reduce the Deficit
 
Re: Romney's tax rate is only half as high as the middle class pays

Catawba side economics has been a rousing success in places like Greece and California
 
a majority of people want others to pay more taxes to clean up the mess those respondents helped create

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

Here's a pretty revealing stat.:

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a majority of people want others to pay more taxes to clean up the mess those respondents helped create

call me shocked!!!

That's what you want ... why does it shock you?
 
Re: Romney's tax rate is only half as high as the middle class pays

do you plan on creating another huge dot com bubble so those who were taxed too much had additional incomes?

your slavish devotion to the 90s is based on that premise which no one believes can happen again

So you could come up with nothing horrible about the higher tax rates of the 90's? No jack-booted thugs dragging rich people from their homes? Imagine that!

When investors are properly taxed they have more incentive to invest their money to avoid higher taxes. That was the experience of the 90's, the sole exception to the Reaganomics of the last 3 decades.
 
Re: Romney's tax rate is only half as high as the middle class pays

[...] You pretend that the current rates are tax cuts when in reality they are normalizing the clinton Tax HIKES

the income tax was supposed to be temporary when enacted so its fair to say that anything other than no income taxes are tax hikes


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


envy and lies

envy and class hatred

envy and spite

envy and spite


envy or spite


Does anybody have any real arguments in favor of the ultra low tax rates for rich investors?
 
Re: Romney's tax rate is only half as high as the middle class pays

Does anybody have any real arguments in favor of the ultra low tax rates for rich investors?

No, it seems TurtleDude covered it quite well.
 
Re: Romney's tax rate is only half as high as the middle class pays

No, it seems TurtleDude covered it quite well.

So there are no actual policy reasons to keep their taxes that low?
 
Re: Romney's tax rate is only half as high as the middle class pays

So there are no actual policy reasons to keep their taxes that low?

What, "ultra-low"?

That's according to you and your own subjective feelings. Perhaps people will have more interest in paying more taxes when the government begins spending their money more wisely.

What serious person would want to give their dollars to someone like Barrack Obama and his Czars?
 
Re: Romney's tax rate is only half as high as the middle class pays

What, "ultra-low"?

That's according to you and your own subjective feelings. Perhaps people will have more interest in paying more taxes when the government begins spending their money more wisely.

What serious person would want to give their dollars to someone like Barrack Obama and his Czars?

Still sounds like you don't have a single policy argument.
 
Re: Romney's tax rate is only half as high as the middle class pays

uh someone paying 5% vs someone paying 40% is hardly egalitarian. and your system does not prevent your dem leaders from pandering to those paying 5% by promising them stuff paid for by increasing that 40% bracket even more. Its not a transaction to inherit money anymore than a gift is.

the amount paid is not suppose to be equal.

A five point across the board raise certainly is egalitarian.

Please do not intentionally confuse two different things.

Inheriting money is somebody getting money they did not previously have. Income tax should indeed be paid upon it because they have new income. Its pretty straight forward and simple. My position is based on straight forward principle and does not waver: the government should not discriminate or give preferential treatment to the source of the income.

My position has been consistent on that from the very start.
 
Re: Romney's tax rate is only half as high as the middle class pays

No, it seems TurtleDude covered it quite well.
Despite being asked scores and scores of times, he has never provided and ration argument for a preferential discriminatory rate for capital gains.

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

So there are no actual policy reasons to keep their taxes that low?

Of course not -- it is a 100% ad hominem-based "argument."
 
Re: Romney's tax rate is only half as high as the middle class pays

Despite being asked scores and scores of times, he has never provided and ration argument for a preferential discriminatory rate for capital gains.

Can you?

We were told that if we gave the rich people bigger tax cuts, they would create more jobs.....................oh wait.............that didn't happen did it? Never mind.
 
Re: Romney's tax rate is only half as high as the middle class pays

Despite being asked scores and scores of times, he has never provided and ration argument for a preferential discriminatory rate for capital gains.

Can you?

Taxing long-term capital gains at a lower rate most definitely encourages investors to put their money into the U.S. economy. That's not a bad thing; that's a good thing. Dividends, which are also treated as capital gains, are taxed twice. Once, to the company who's paying them; and again by the investor who receives them. That's rather unprecedented, really. Next, while the value of my stock goes down, I'm still required to pay capital gains tax rates on dividends I receive...so I can actually lose money on a stock, and still pay taxes to Uncle Sam. Also, in periods of inflation, the capital gain that has to be recognized isn't adjusted to inflation. Best example would be a second home. Much of the appreciation in real estate is due to the rate of inflation.
 
Re: Romney's tax rate is only half as high as the middle class pays

We were told that if we gave the rich people bigger tax cuts, they would create more jobs.....................oh wait.............that didn't happen did it? Never mind.

Yeah, they used to be able to use the "trickle down" angle, but obviously they can't use that anymore... So now they're just left with "shut up you suck"...
 
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