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

  1. #461
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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
    If you think those rates are great you should be the first to pay them
    Of course, that together with spending cuts are the only way to reduce our deficit.
    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
    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???
    In and by itself, 35% to 30.5% shouldn't be that big a deal, I'll concede that. If that is where liberals stopped. But they don't end there, that is just the toe in the door.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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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 love the envy that permeates your posts. what caused you to develop this hatred of people who have achieved more than you have?
    Greed makes you see envy by those that recognize that a consumer economy cannot prosper when the majority of money goes to the top.
    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

  4. #464
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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 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.
    1) the rich pay too much of the tax burden. taxing the rich more will not do anything to pay down the deficit given the dems plans to spend even more. rather tax hikes on the rich will continue the philosophy that is fed to most of the voters that it is the duty of the rich, and the rich alone, to sacrifice and pay more to end the deficit

    2) until the people who drive the politicians' spending (ie the middle and lower classes) feel pain every time the government spends recklessly, the deficit will never come under control. while increasing taxes cannot make up the deficit, increasing taxes on those who demand more government can cause them to abandon their desires for more and more and more spending

    3) basic human decency says its wrong for those who cannot pay for what they want to demand or force others to pay more and more and more for what they want

    4) I reject your claim that "uber rich" people benefit more-that is a lie that the class warfare types have made up

    5) why do you and your ilk talk about the uber rich when you want everyone making more than a few hundred K a year to pay more and more taxes?

  5. #465
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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
    Greed makes you see envy by those that recognize that a consumer economy cannot prosper when the majority of money goes to the top.
    Or when too much of the money goes to the government. And envy does motivate most of these rants about the rich

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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
    In and by itself, 35% to 30.5% shouldn't be that big a deal, I'll concede that. If that is where liberals stopped. But they don't end there, that is just the toe in the door.

    j-mac
    Don't forget the Estate, Capital gains and dividends tax rates that need to be returned to 1990 levels, as well as discontinuing the tax breaks for outsourcing.

    And you are right, it would be no big deal, as it was not a hardship in the 1990s as evidenced by our record job creation and record deficit reduction.
    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

  7. #467
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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
    taxing the rich more will not do anything to pay down the deficit given the dems plans to spend even more.
    Obviously that's just silly talk. Deficit = spending - revenues. Increase revenues, you decrease deficit. The notion that spending tracks to revenues is a particularly ridiculous thing to be claiming when we have a $1.4 trillion deficit. Obviously they don't.

    Quote Originally Posted by TurtleDude View Post
    2) until the people who drive the politicians' spending (ie the middle and lower classes) feel pain every time the government spends recklessly, the deficit will never come under control. while increasing taxes cannot make up the deficit, increasing taxes on those who demand more government can cause them to abandon their desires for more and more and more spending
    Non-responsive. See if you can come up with a position on the dimishing marginal utility of wealth.

    Quote Originally Posted by TurtleDude View Post
    3) basic human decency says its wrong for those who cannot pay for what they want to demand or force others to pay more and more and more for what they want
    lol. In your world basic human decency is a rich guy taking a big **** on poor kids... Interesting. lol.

    Quote Originally Posted by TurtleDude View Post
    4) I reject your claim that "uber rich" people benefit more-that is a lie that the class warfare types have made up
    Yes, you frequently repeat that conclusion, but so far have been entirely unable to come up with any actual arguments to support it. So, at present, you've lost that one by forfeit.

    Quote Originally Posted by TurtleDude View Post
    5) why do you and your ilk talk about the uber rich when you want everyone making more than a few hundred K a year to pay more and more taxes?
    I don't. I want investors to be taxed at the same rates as people with jobs are taxed at.

  8. #468
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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
    Or when too much of the money goes to the government. And envy does motivate most of these rants about the rich
    Hate to break it to you, but not everyone wants your life. You don't know what motivates everyone.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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

    1) the rich pay so much because they're so rich. Here's an idea: if think your tax bill is too high because you have too much money, give your money away.

    2) poor people aren't driving deficits higher;

    3) I don't see many poor people demanding anything. But I do see a bunch of rich people whining, notwithstanding the fact that they are getting richer every year as the poor get poorer. It's sooo tacky;

    4) of course rich people benefit more. The more you have the more you have to lose. I don't see a lot of food bank lobbyists in Washington;

    5) my ilk doesn't want everyone making more than a few hundred K a year to pay more and more taxes. I would like to see the current top rate extend to around $350k, and then add two or three brackets on top of that -- while also making sure that everyone above the poverty line at least pays something.

  10. #470
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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
    Or when too much of the money goes to the government.
    I propose cutting government spending along with eliminating the tax breaks for the rich, like we did in the 90's - the only time in the last 30 years we significantly reduced our deficit.
    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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