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

  1. #481
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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
    I assume you are talking about returning these rates across the board right? But let's not make the inane argument that the 90s with all of its bubbles is anything close to where we are now in terms of economy. But, ALL rates would rise...the bottom would go from 10% to 15%...that's a 50% increase. How could you be so cruel....?


    j-mac
    All the rates will have to be returned to 1990 levels if we are ever to address our debt.
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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
    All the rates will have to be returned to 1990 levels if we are ever to address our debt.

    But, but....I thought you stood up for the middle class and poor....Heck, I am middle class, and am here to tell ya, I don't have an extra penny.

    j-mac
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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
    Let me guess-you don't believe in doing away all the tax breaks for everyone else.
    See my post above. All tax rates need to increase to 1990 levels. Most of the big cuts went to those at the top, so it will have little effect on the middle class.

    right now the top 5% pay more of the income tax than the rest of the country. you want to increase that gap
    Increasing the ALL tax rates to 1990 levels will have very little effect on 99% of the country.

    and you all never can figure out that even if you taxed the rich 100% at any income over 300K that won't get rid of the deficit. and the government has never made serious spending cuts after tax hikes. when RWR and GHWB increased taxes the dems refused to cut spending
    Did you miss the 1990's??? In the 1990's when both sides came together to both increase taxes and cut spending was the only time in the last 30 years we have ever significantly reduced the deficit.

    When we decide to get serious about deficit reduction, the same thing will be required. All the polls show a majority of Americans understand this and that will be reflected in their choice in November.
    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. #484
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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
    All the rates will have to be returned to 1990 levels if we are ever to address our debt.
    I don't mind increasing taxes to that end. But, if history repeats itself, that's not what will happen. Congress will simply spend more money. My perfect world would have every single filer have a dog in the fight -- pay something!
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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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
    See my post above. All tax rates need to increase to 1990 levels. Most of the big cuts went to those at the top, so it will have little effect on the middle class.

    I just showed you where that was not true...Why would you post it again?

    Increasing the ALL tax rates to 1990 levels will have very little effect on 99% of the country.
    You personally know 99% of the country? That's amazing.

    Did you miss the 1990's??? In the 1990's when both sides came together to both increase taxes and cut spending was the only time in the last 30 years we have ever significantly reduced the deficit.

    When we decide to get serious about deficit reduction, the same thing will be required. All the polls show a majority of Americans understand this and that will be reflected in their choice in November.
    Will you vote republican in November then?


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

    Alexis de Tocqueville

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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
    But, but....I thought you stood up for the middle class and poor....Heck, I am middle class, and am here to tell ya, I don't have an extra penny.

    j-mac
    The poor didn't pay income taxes in the 1990s' and the bulk of the individual tax cuts when to those at 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

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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
    I don't mind increasing taxes to that end. But, if history repeats itself, that's not what will happen. Congress will simply spend more money. My perfect world would have every single filer have a dog in the fight -- pay something!
    See the 1990's.
    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 j-mac View Post
    I just showed you where that was not true...Why would you post it again?



    You personally know 99% of the country? That's amazing.



    Will you vote republican in November then?


    j-mac
    The Democrats are the only ones now proposing to do exactly what we did in the 90's to reduce the deficit significantly, both cut spending and increase taxes.
    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

  9. #489
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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
    The poor didn't pay income taxes in the 1990s' and the bulk of the individual tax cuts when to those at the top.
    the first part of your comment explains the second

  10. #490
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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
    The Democrats are the only ones now proposing to do exactly what we did in the 90's to reduce the deficit significantly, both cut spending and increase taxes.
    wrong, the dems refused to just cut spending. They claimed that cutting spending is a sacrifice for everyone but the rich so to balance that sacrifice, the rich-and ONLY the rich should have to pay more taxes

    the dems admitted that government spending doesn't really benefit the rich because cutting spending wouldn't be a sacrifice for them. EVERYONE ELSE will sacrifice when government spending is cut.

    Very telling comment from Obama when he said that to balance the budget the rich will sacrifice by paying more taxes while EVERYONE ELSE will sacrifice by getting less government goodies

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