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

  1. #721
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by Harshaw View Post
    Uh, no. The analogy, which you appear to be the only one who doesn't follow, explains why you're wrong.

    This is like watching a dog eat peanut butter. Seriously.
    You cannot even explain our own sorry analogy.

    I give you a road map and you drive into a ditch at the end of your own driveway.
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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
    You cannot even explain our own sorry analogy.
    No one else needs it. (And how do you know it's "sorry" if you don't even understand it?)

    Now, bark some more.
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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
    My BS detector just redlined. and like most lefties you ignore the real issue-actual dollars paid in taxes vs benefits received for those dollars.
    Ha,ha, still trying to deny that the uber wealthy pay a lower rate. That Kool-Aid being drunk by Reps/cons sure works wonders.

    So, because they make more, even at the lower rate they of course pay more than a middle-class person, but the middle-class person is actually keeping less of their earned money and hoodwinked righties think that is ok? It's definitely understandable that it would be okay for the uber wealthy, but that middle-class Republicans go along with it shows that the Kool-Aid really works.



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

    Quote Originally Posted by Harshaw View Post
    No one else needs it. (And how do you know it's "sorry" if you don't even understand it?)

    Now, bark some more.
    No one else?!?!?! You were directing your lame analogy to me. You failed to make it clear to me. You failed to cite what I said was wrong.

    It was sorry because it failed in its most basic goal - to be understood.

    And all this time you fiddle and play when if you really had something you could simply explain in plain English why you were so clever. But you are impotent to do so.

    So what is it I have wrong about the Constitution?

    Tell us plain and straight without your analogies.
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by mertex View Post
    Ha,ha, still trying to deny that the uber wealthy pay a lower rate. That Kool-Aid being drunk by Reps/cons sure works wonders.

    So, because they make more, even at the lower rate they of course pay more than a middle-class person, but the middle-class person is actually keeping less of their earned money and hoodwinked righties think that is ok? It's definitely understandable that it would be okay for the uber wealthy, but that middle-class Republicans go along with it shows that the Kool-Aid really works.
    MOre far left psychobabble. The "uber rich MAY OR MAY NOT pay a lower effective rate than the mere rich depending on the source of their income. The uber rich pay the top rate on earned income which has several brackets ending at 35% and they pay the upper of two brackets on investment income. the tax on investment income is not subject to several bracket but only a couple. Your pathetic attempt to confuse the two is just that-pathetic

    the Lower classes by definition KEEP MORE OF THEIR EARNED money after the FEDERAL INCOME TAX has been applied because both the marginal rate (which is much higher than the effective rate for the lower classes, while the marginal and effective rates are almost the same for the very rich on earned income) than those in the 35% bracket

    when you spew stuff as obviously wrong as you constantly do, it proves you are swimming in the class hatred koolaid vat

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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
    MOre far left psychobabble. The "uber rich MAY OR MAY NOT pay a lower effective rate than the mere rich depending on the source of their income. The uber rich pay the top rate on earned income which has several brackets ending at 35% and they pay the upper of two brackets on investment income. the tax on investment income is not subject to several bracket but only a couple. Your pathetic attempt to confuse the two is just that-pathetic
    What is pathetic - to use a word of your selection - is the mental gymnastics you are putting yourself through to avoid the reality that many of the wealthy enjoy a tax rate of 15% because of capital gains while people who actually work for the same amount of money are paying 35%. No amount of verbal gyrations changes that reality.

    http://www.taxpolicycenter.org/brief...lower-rate.cfm

    [QUOTE]The benefits of low tax rates on capital gains accrue disproportionately to the wealthy. In 2013, an estimated 94 percent of the tax benefit of low rates on capital gains will go to taxpayers with cash incomes over $200,000, and three-fourths of the benefits will accrue to millionaires.
    [/QUOTE]
    Last edited by haymarket; 01-21-12 at 06:03 PM.
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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
    What is pathetic is the mental gymnastics you are putting yourself through to avoid the reality that many of the wealthy enjoy a tax rate of 15% because of capital gains while people who actually work for the same amount of money are paying 35%. No amount of verbal gyrations changes that reality.
    again, you whine about the people who have that type of income which is an intellectually dishonest attack.

    everyone gets a different rate on investment income. you are just upset that a system that is only applicable to earned income is not applicable to investment income. The wealth bashers want severe progressive structures applied to all taxes it appears.

    But stop the silliness. The same group that decrees that earned income should be taxed progressively has decreed that other income should not. You claim that unearned income is treated more favorably? so what. The rich are treated worse in either case

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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
    What is pathetic - to use a word of your selection - is the mental gymnastics you are putting yourself through to avoid the reality that many of the wealthy enjoy a tax rate of 15% because of capital gains while people who actually work for the same amount of money are paying 35%. No amount of verbal gyrations changes that reality.

    What is the effect of a lower tax rate?

    [/B]
    [/QUOTE]

    I think it's important to remember that the average taxpayer pays an effective tax rate considerably lower than 15% on his income.
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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
    What is pathetic is the mental gymnastics you are putting yourself through to avoid the reality that many of the wealthy enjoy a tax rate of 15% because of capital gains while people who actually work for the same amount of money are paying 35%. No amount of verbal gyrations changes that reality.
    I fail to see any inconsistency in the current law. For salary, everyone pays according to the same rate schedule. For gains, everyone pays according to the same rate schedule. Everyone pays once on their salary, and then if they invest their money, they pay again on their capital gain.

    Personally, I'd prefer the federal government to be funded by a combination of revenue tariffs, excise taxes, and requisitions on the states (apportioned by population).
    Last edited by Centinel; 01-21-12 at 06:10 PM.

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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
    again, you whine about the people who have that type of income which is an intellectually dishonest attack.

    everyone gets a different rate on investment income. you are just upset that a system that is only applicable to earned income is not applicable to investment income. The wealth bashers want severe progressive structures applied to all taxes it appears.

    But stop the silliness. The same group that decrees that earned income should be taxed progressively has decreed that other income should not. You claim that unearned income is treated more favorably? so what. The rich are treated worse in either case
    Not at all and I have no idea where you get such pontifications about my own beliefs. perhaps you can quote them for us so we know you are just not making this up?

    I have repeatedly stated that I want ALL sources of income to be treated as INCOME regardless of where it comes from. That is about as egalitarian as you can get. It gets the government out of the business of discrimination and preferences as to where the money comes from and who benefits from it.

    Whatever tax category and bracket you find yourself in, you pay that rate on all your income regardless of the source. Its American as cherry pie.

    Of course Turtle, if you now want to make an intellectual case for discriminatory preferences, this would be the time as you never actually have despite the hundreds of times you defend such discriminatory preferences.

    Will this finally be the time?
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

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