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

  1. #451
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by haymarket View Post
    I see nothing in that post which shows any factual evidence which disproves my two points
    1- the GOP has turned to the right over the past two decades
    2- the Democrats have turned more to the center over the past decade

    You showing that some progressives on college campuses may be leftish does not reflect on the Democrats in power.

    The fact is that the Democrats have caved in on taxing the rich.
    They have caved in on support for foreign wars which are unnecessary.
    They have caved in on the defense budget.
    They have caved in on things like the Patriot Act.
    They have caved in on gun control.
    They have caved in on union rights and the card check system despite having big majorities in both houses.

    In each and every case they moved from a progressive position to caving in to the right.

    I see you were unable to clarify what that meaningless nanny state nonsense means. Join the crowd.
    Well, if you truly think that liberals today are positioned in the center, then I don't know what I could possibly do to get through. Other than to say we are not going to agree.

    j-mac
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  2. #452
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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
    No, you also need to add in sales taxes, unemployment, disability, FICA, property taxes, vehicle registration taxes, etc. You're just looking only at federal income taxes. This should give you a rough idea of what you pay total:

    If you made $12,500 in 2010, you paid: 16.2% total
    $25,300: 20.7%
    $40,700: 25.1%
    $66,300: 28.5%
    $100,000: 30%

    http://www.ctj.org/pdf/taxday2011.pdf

    See, Romney doesn't need to calculate any of those other taxes in because at his tier the things like sales, property, FICA, etc, amount to effectively 0% of his income, but at lower incomes they can take quite a big bite out of your paycheck.
    I'm not going to argue with you on this matter any further. Effective Tax Rate as expressed by Romney was referring to his Effective Tax Rate on his Federal income taxes. Newt's is 32%, by the way. If I had to guess, actually, I'd guess that Romney was underestimating his Effective Tax Rate when he spouted "about 15%." But we'll soon now. I hope I can count on you to dredge this thread up when the time comes so one of us can celebrate.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

  3. #453
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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
    Effective Tax Rate as expressed by Romney was referring to his Effective Tax Rate on his Federal income taxes.
    You're just making that part about it being federal up...

    Quote Originally Posted by MaggieD View Post
    Newt's is 32%, by the way.
    Yep. Newt got paid wages, so he didn't get in on the mega millionaire investor mega tax break.

  4. #454
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by j-mac View Post
    Liberal site and leaning aside, the questions highlighted in these polls do not support your assertion...They are wide ranging enough to encompass hell, even me. But because I would even say that at some point taxation would have to rise in conjunction with entitlement reforms to get ourselves back on track, is in no way the extreme that you are advocating.

    j-mac

    Tax rates as they were in the 90's, when we created 22 million jobs and was the only time in the last 30 years we have significantly cut the deficit, are what you call extreme???
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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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
    You're just making that part about it being federal up...



    Yep. Newt got paid wages, so he didn't get in on the mega millionaire investor mega tax break.
    why don't you tell us why you are so interested in this subject. All I see is oozing envy in your posts and an attempt to smear Romney for being successful

  6. #456
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by Catawba View Post
    Tax rates as they were in the 90's, when we created 22 million jobs and was the only time in the last 30 years we have significantly cut the deficit, are what you call extreme???
    If you think those rates are great you should be the first to pay them

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

    Quote Originally Posted by jamesrage View Post
    Other than the warlords and government officials are there actually any rich people in that country? I would think being a regular person in that country would be like leaving a Porsche in a poor neighborhood with no alarm or anti-theft devices.
    Good observation, one of the many benefits provided through US taxes is security of your riches.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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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
    that stupid somalia reference was moronic when it was first unveiled and only rots even more. THe welfare socialists are like ticks who tell the dog to leave if it doesn't like being bitten. FIrst of all that is a stupid suggestion, its people like me who built this country, not the people standing around with their hands out demanding others pay for their existence. Secondly, if we did leave people like you would starve
    LOL!!! Having someone sucking all the profit off the top, no longer there will be no hardship, so don't let the increased capital gains rate hit you in the ass on your way out!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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

    Quote Originally Posted by Catawba View Post
    LOL!!! Having someone sucking all the profit off the top, no longer there will be no hardship, so don't let the increased capital gains rate hit you in the ass on your way out!
    I love the envy that permeates your posts. what caused you to develop this hatred of people who have achieved more than you have?

  10. #460
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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
    why don't you tell us why you are so interested in this subject. All I see is oozing envy in your posts and an attempt to smear Romney for being successful
    I think I've been through the reasons for you an awful lot of times TD. Maybe bookmark this list so I don't need to keep explaining it to you?

    1) We have a $1.4 T deficit. We can't afford to give uberrich people millions of dollars in tax breaks.
    2) Wealth has diminishing marginal utility. A regressive system, like we have for the super rich, is extremely utility inefficient.
    3) Economically we presently need consumer spending more than we need investment, so it makes no sense to have our tax system be ludicrously wrenched to max out investment at the expense of consumer spending.
    4) Basic human decency tells you that taking more from those who need it the most than you do from those who don't need it is wrong.
    5) Uberrich people benefit more from society, so it is reasonable that they be expected to chip in more to keep that society strong.

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