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

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

    Quote Originally Posted by AdamT View Post
    Okay, and you are paying, in the form of taxes. So how are taxes immoral?
    I think the point he correctly makes is that stuff that is constitutional is valid, stuff that is not is not

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

    Quote Originally Posted by AdamT View Post
    Okay, and you are paying, in the form of taxes. So how are taxes immoral?
    Because it is immoral for one person to coerce another in order to take their property.
    Last edited by Centinel; 01-22-12 at 12:41 AM.

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

    Quote Originally Posted by teamosil View Post
    The average American pays 27%. Romney pays 15%. Who isn't being honest here, us or you?
    The average American does not pay an effective tax rate of 27%. (Oh, why am I even BOTHERING????)

    Please post a link showing that the average American pays an effective tax rate of 27%. And don't say, "I've already done that." You've already repeated this incorrect information a thousand times...posting a link a few times shouldn't be that painful.
    Last edited by MaggieD; 01-22-12 at 12:42 AM.
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    Re: Romney reveals he pays about 15% in taxes(edited)

    Quote Originally Posted by MaggieD View Post
    I question your concept of capital gains. Raising taxes on capital gains will not effect anyone's 401K, pensions, IRA's, etc.

    When Newt is paying 32% of his income, and Romney is paying only 15% of his income due to capital gains taxes (if that ends up being true), the electorate will definitely understand it. Throw in that Warren Buffett has structured his income into mostly capital gains by only taking a salary of $100,000 a year, and you've got the trifecta.
    It depends on how your pension is funded but the plan on doubling or tripling the tax on dividends will clearly effect retirement plans of many

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

    Quote Originally Posted by TurtleDude View Post
    I think the point he correctly makes is that stuff that is constitutional is valid, stuff that is not is not
    And your theory is that everyone should be empowered to make his or her own determination about what is or is not constitutional, and thus how much tax he or she is willing to pay? That sounds workable.

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

    Quote Originally Posted by MaggieD View Post
    The average American does not pay 27%. (Oh, why am I even BOTHERING????)

    Please post a link showing that the average American pays an effective tax rate of 27%. And don't say, "I've already done that." You've already repeated this incorrect information a thousand times...posting a link a few times shouldn't be that painful.
    He tries to assume that the poor=who pay no income tax, no death tax-are paying 27% of their income in state sales taxes and FICA which is dishonest because those aren't progressive taxes and he also dishonestly claims that Romney pays absolutely no other taxes other than his 15% LTCG or dividend taxes. It presumes he pays less than a half a percent in sales tax, state income tax, (which in Mass is at least 5%) property tax etc

    In other words he is a liar

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

    Quote Originally Posted by MaggieD View Post
    I question your concept of capital gains. Raising taxes on capital gains will not effect anyone's 401K, pensions, IRA's, etc.

    As I understand (barely) money contributed to these is tax deferred. The amount originally contributed is taxed at normal income rates based on your bracket upon withdrawal. Any appreciation in the account is taxed at capital gain rates upon withdrawal. BUT my understanding of the VAST COMPLEX tax system leaves MUCH to be desired…I’m glad someone gets paid to know that crap!
    Last edited by Dickieboy; 01-22-12 at 12:46 AM.

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

    Quote Originally Posted by AdamT View Post
    And your theory is that everyone should be empowered to make his or her own determination about what is or is not constitutional, and thus how much tax he or she is willing to pay? That sounds workable.
    I don't tend to worship the government as much as you do

    and the issue is deeming it theft and Centinel is correct in calling unconstitutional spending theft. Its unconstitutional and while I understand that a dishonest and corrupt FDR USSC ignored the applicable precedent, I am still entitled-as a free american-to call crap crap

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

    Quote Originally Posted by TurtleDude View Post
    It depends on how your pension is funded but the plan on doubling or tripling the tax on dividends will clearly effect retirement plans of many
    More information needed. If my pension plan holds Microsoft stock and Microsoft pays a 3.5% dividend, that dividend goes directly into my tax-deferred pension plan. It's going to be taxed at ordinary income when I take it out anyway, no? Any dividends I earn in my IRA go into my IRA accounts tax-deferred as well. 401K's same way. What am I missing?
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    Re: Romney reveals he pays about 15% in taxes(edited)

    Quote Originally Posted by TurtleDude View Post
    He tries to assume that the poor=who pay no income tax, no death tax-are paying 27% of their income in state sales taxes and FICA which is dishonest because those aren't progressive taxes and he also dishonestly claims that Romney pays absolutely no other taxes other than his 15% LTCG or dividend taxes. It presumes he pays less than a half a percent in sales tax, state income tax, (which in Mass is at least 5%) property tax etc

    In other words he is a liar
    -- I'm not sure he's a liar, Turtle. I think he's just ****in' with us.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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