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

  1. #521
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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
    You are late to the game and not being native you might not understand what "working people" have come to mean in the USA. Its code for union workers. Union toadies and the politicians who cater to unions use that term as a code word to suggest that union members are "working people" when in reality non union people work as hard-often harder than union members in the same trades. Furthermore, wall street law firm associates, surgical residents and young MBAs at places like Proctor and Gamble put in hours that would kill many of those so called "working people".

    So Firemen, Policemen and teachers are not working people?

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

    Quote Originally Posted by Higgins86 View Post
    So Firemen, Policemen and teachers are not working people?
    they are but they aren't the majority and to claim the average NEA member worked harder than someone like Romney is a joke. I don't know how many major league executives you have dealt with but Forbes did a study on the "average" CEO of a Fortune 500 company. As I recall, it involved 6 major moves in 20 years, along with averaging 70 hours of work for those two decades leading up to ascension to the top echelons of those companies

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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
    they are but they aren't the majority and to claim the average NEA member worked harder than someone like Romney is a joke. I don't know how many major league executives you have dealt with but Forbes did a study on the "average" CEO of a Fortune 500 company. As I recall, it involved 6 major moves in 20 years, along with averaging 70 hours of work for those two decades leading up to ascension to the top echelons of those companies

    I know a lot of guys that would not mind pulling a 70 hour week as a CEO rather than a 60 hour week as a blue collar guy with no healthcare or pension. The average American’s net worth has dropped 8 percent during the past six years but the price of gas/food etc has gone up which pretty much means that a lot of America especially those under 30 are doing jobs for less pay but the price of living has gone up. A lot of people on food stamps today are in full time employment or at least part time employment and need the stamps because their wages are not cutting it. Ask these people if they feel sorry for the top 1% and their taxes going up!

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

    Quote Originally Posted by Higgins86 View Post
    I know a lot of guys that would not mind pulling a 70 hour week as a CEO rather than a 60 hour week as a blue collar guy with no healthcare or pension. The average American’s net worth has dropped 8 percent during the past six years but the price of gas/food etc has gone up which pretty much means that a lot of America especially those under 30 are doing jobs for less pay but the price of living has gone up. A lot of people on food stamps today are in full time employment or at least part time employment and need the stamps because their wages are not cutting it. Ask these people if they feel sorry for the top 1% and their taxes going up!
    that's a great way to base tax policy-asking the bottom rung who should pay more

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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
    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
    We are talking about the Democratic Party as a collective whole....... not just liberals. That is your error.
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    Re: Romney's tax rate is only half as high as the middle class pays

    Preliminary findings do no suggest much of a correlation between top tax rates and income taxes as a percentage of federal receipts. As you can see below, beginning in 1944 and progressing to current tax year data the individual income tax has netted between 40-50% of total federal receipts.

    Year - Ind. Income Tax portion of total receipts - Top tax rate
    1935 14.6% 63.0%
    1936 17.2% 79.0%
    1937 20.3% 79.0%
    1938 19.0% 79.0%
    1939 16.3% 79.0%
    1940 13.6% 81.1%
    1941 15.1% 81.0%
    1942 22.3% 88.0%
    1943 27.1% 88.0%
    1944 45.0% 94.0%
    1945 40.7% 94.0%
    1946 41.0% 86.5%
    1947 46.6% 86.5%
    1948 46.5% 82.1%
    1949 39.5% 82.1%
    1950 39.9% 91.0%
    1951 41.9% 91.0%
    1952 42.2% 92.0%
    1953 42.8% 92.0%
    1954 42.4% 91.0%
    1955 43.9% 91.0%
    1956 43.2% 91.0%
    1957 44.5% 91.0%
    1958 43.6% 91.0%
    1959 46.3% 91.0%
    1960 44.0% 91.0%
    1961 43.8% 91.0%
    1962 45.7% 91.0%
    1963 44.7% 91.0%
    1964 43.2% 77.0%
    1965 41.8% 70.0%
    1966 42.4% 70.0%
    1967 41.3% 70.0%
    1968 44.9% 75.3%
    1969 46.7% 77.0%
    1970 46.9% 71.8%
    1971 46.1% 70.0%
    1972 45.7% 70.0%
    1973 44.7% 70.0%
    1974 45.2% 70.0%
    1975 43.9% 70.0%
    1976 44.2% 70.0%
    1977 44.3% 70.0%
    1978 45.3% 70.0%
    1979 47.0% 70.0%
    1980 47.2% 70.0%
    1981 47.7% 69.1%
    1982 48.2% 50.0%
    1983 48.1% 50.0%
    1984 44.8% 50.0%
    1985 45.6% 50.0%
    1986 45.4% 50.0%
    1987 46.0% 38.5%
    1988 44.1% 28.0%
    1989 45.0% 28.0%
    1990 45.2% 31.0%
    1991 44.3% 31.0%
    1992 43.6% 31.0%
    1993 44.2% 39.6%
    1994 43.1% 39.6%
    1995 43.7% 39.6%
    1996 45.2% 39.6%
    1997 46.7% 39.6%
    1998 48.1% 39.6%
    1999 48.1% 39.6%
    2000 49.6% 39.6%
    2001 49.9% 38.6%
    2002 46.3% 38.6%
    2003 44.5% 35.0%
    2004 43.0% 35.0%
    2005 43.1% 35.0%
    2006 43.4% 35.0%
    2007 45.3% 35.0%
    2008 45.4% 35.0%
    2009 43.5% 35.0%
    2010 41.5% 35.0%

  7. #527
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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's a great way to base tax policy-asking the bottom rung who should pay more

    what do you suggest then? Keep things as they are and just let the "poor' starve to death, guess that would solve the problem right?

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

    Quote Originally Posted by Higgins86 View Post
    what do you suggest then? Keep things as they are and just let the "poor' starve to death, guess that would solve the problem right?
    taxing the rich more doesn't change anything. it only gives the government more money (sometimes) to waste. have you ever figured out which political party is benefited the most by having lots of people poor and dependent on the government

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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 doesn't change anything. it only gives the government more money (sometimes) to waste. have you ever figured out which political party is benefited the most by having lots of people poor and dependent on the government

    so your answer is keep things as they are ( or even tax the rich less i would guess)...good to know

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

    Quote Originally Posted by Higgins86 View Post
    so your answer is keep things as they are ( or even tax the rich less i would guess)...good to know
    wrong-I propose getting rid of the massive federal welfare state. Its not proper under the constitution and what it mainly does is create legions of addicts.

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