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

  1. #531
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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
    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.
    ok so how are you going to feed the people? Are you going to raise the min wage because as I already stated food and gas prices are climbing every year?

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

    Quote Originally Posted by TNAR View Post
    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%
    Now add in the cuts to Estate taxes, Capital gains and Dividends and compare that with our National debt during the same period. Also, I still look forward to you showing anytime other than the 90's in the last 30 years when we have significantly reduced the deficit.
    Last edited by Catawba; 01-20-12 at 11:44 PM.
    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

  3. #533
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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
    ok so how are you going to feed the people? Are you going to raise the min wage because as I already stated food and gas prices are climbing every year?
    It is not the responsibility of government to feed the 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
    ok so how are you going to feed the people? Are you going to raise the min wage because as I already stated food and gas prices are climbing every year?
    is it your claim that jacking up taxes on the top one percent "feeds the people"

  5. #535
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by TNAR View Post
    It is not the responsibility of government to feed the people.

    well it is if they want to keep a stable working country! You cut off those millions who right now sit below the poverty line then you will see civil unrest, 1918 Moscow guess what happened next?

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

    Quote Originally Posted by TNAR View Post
    It is not the responsibility of government to feed the people.
    He is talking about the only feasible alternative to the government feeding people, workers being paid a living wage. Unless you want to go the third route, millions willing to cut your throat for a loaf of bread.
    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
    All the rates will have to be returned to 1990 levels if we are ever to address our debt.
    why? did we collect more in 1990 than at other times?


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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
    is it your claim that jacking up taxes on the top one percent "feeds the people"

    No it wasn't and your dodging the question, if you end Federal support how do you propose to feed the poor?

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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
    No it wasn't and your dodging the question, if you end Federal support how do you propose to feed the poor?
    you gradually have to wean people off the addictions-just like a heroin addict but tell me, this thread is about bashing Romney and the rates on capital gains. raising taxes on capital gains will not feed anyone

  10. #540
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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
    ok so how are you going to feed the people?
    Hm. That sounds like a question that a zoo keeper might ask.

    In general, unless they are pets or prisoners, I would expect people to figure out how to feed themselves. For those individuals who can't cope, I would suggest that the federal government is not the appropriate tool for the job of keeping them alive.
    Last edited by Centinel; 01-20-12 at 11:53 PM.

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