Page 89 of 192 FirstFirst ... 3979878889909199139189 ... LastLast
Results 881 to 890 of 1914

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

  1. #881
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

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

    Quote Originally Posted by TurtleDude View Post
    he still pays property taxes on all of them. WIki claims he has residences in Belmont (Boston) and California as well as a summer home in NH During the NH primary the press constantly mentioned this summer home. I suspect if that was his residence it would have been mentioned. Both Kalifornia and Mass. have high income tax rates
    Want to bet that he claims NH as his state of residence for tax purposes? No income tax there, though they do have a 5% tax on interest and dividends.

  2. #882
    Sage

    Join Date
    Sep 2007
    Last Seen
    09-24-17 @ 04:38 AM
    Lean
    Undisclosed
    Posts
    29,261

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

    Quote Originally Posted by AdamT View Post
    Want to bet that he claims NH as his state of residence for tax purposes? No income tax there, though they do have a 5% tax on interest and dividends.
    Live free or die. They also have no sales tax.

  3. #883
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 01:00 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,663

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

    Quote Originally Posted by AdamT View Post
    Want to bet that he claims NH as his state of residence for tax purposes? No income tax there, though they do have a 5% tax on interest and dividends.
    You dont think the Obama worshipping press would have ignored that when he was running in NH. My late uncle did the same thing-he established his residence in RI for the same reason. My father in law does it in Florida

    and I know you have to spend at least half the year and a day in the state of tax residence. Do you REALLY think the Press would not have mentioned that if it was true?

    Later

  4. #884
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 01:00 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,663

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

    Quote Originally Posted by winston53660 View Post
    Live free or die. They also have no sales tax.
    Hmm, I liked the state-Dartmouth was my third choice

  5. #885
    Sage

    Join Date
    Sep 2007
    Last Seen
    09-24-17 @ 04:38 AM
    Lean
    Undisclosed
    Posts
    29,261

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

    Quote Originally Posted by TurtleDude View Post
    Hmm, I liked the state-Dartmouth was my third choice
    You haven't been around very much have you?

    Amazing a poor little ole Texas boy knows New Hampshire has no sales tax, huh?

    But guess what rich boy they have a dividends and interest tax:

    Does NH have an Income Tax or Sales Tax? | Frequently Asked Questions | NH Department of Revenue Administration

  6. #886
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

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

    Quote Originally Posted by TurtleDude View Post
    You dont think the Obama worshipping press would have ignored that when he was running in NH. My late uncle did the same thing-he established his residence in RI for the same reason. My father in law does it in Florida

    and I know you have to spend at least half the year and a day in the state of tax residence. Do you REALLY think the Press would not have mentioned that if it was true?

    Later
    Given that he hasn't released his tax returns, I don't know how they would know if it was true or not. They certainly mentioned that he had $10 million home in the state.

  7. #887
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

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

    Quote Originally Posted by TurtleDude View Post
    He's lying. He knows that a guy who lives in a state with state income tax and that tax is 5% or more, its a lie to claim that Romney didn't pay even one percent on his income other than federal income tax. What do you think the property tax in that area is? or the sales tax.
    I think what he's referring to is the fact that the average all-in tax burden, including state, local, and federal, is 27%.

  8. #888
    Advisor
    Join Date
    Nov 2011
    Location
    U.S.
    Last Seen
    06-17-12 @ 09:49 PM
    Gender
    Lean
    Independent
    Posts
    415

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

    Quote Originally Posted by TurtleDude View Post
    lots of things congress does is not properly supported by the constitution

    the war on drugs comes to mind
    I'm not sure if the war on drugs is unconstitutional, but it's surely stupid and needs to end. However, the founding fathers weren't libertarians. They did advocate limited government (more of a classical liberal agenda), but they didn't advocate that government stay out of the economy in its entirety. They were probably actually opposed to absolutely unrestricted capitalism that some members of the far-right support. Many, including Thomas Jefferson, were rather flexible and would intervene in the economy when necessary rather than subscribing to the dogmatic anti-aggression principle that many (if not all) liberals oppose.
    Last edited by JustinS; 01-22-12 at 02:43 AM.

  9. #889
    Sage
    VanceMack's Avatar
    Join Date
    Feb 2010
    Last Seen
    Today @ 10:42 AM
    Gender
    Lean
    Independent
    Posts
    54,680

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

    Quote Originally Posted by teamosil View Post
    The median effective tax rate in the US is 27%. That's how much the typical American pays between state and federal taxes. Megamillionaire robber baron Mitt Romney, however, only pays 15%.

    That is not uncommon at all for the superrich. They do not pay many of the taxes middle class people pay at all- no FICA, no unemployment, no disability, etc. And many of the taxes that apply to a large portion of middle class's income- sales, property, vehicle, etc- apply to only a very tiny percentage of the income of someone as wealthy as Romney, so in effect, they don't really pay those either.

    But, you might think, we have a progressive income tax system. Certainly the super rich get hit up on that one. But, nope, they don't. The progressive income tax system really only affects up to upper middle class people. People in really high paying jobs pay 35%, in addition to the other taxes listed above. But once you break past that into the super rich, they don't get paid in wages, they get paid with equity, and equity is only taxed at a measley 15%. So, in addition to being excused from most types of taxes, they get a 20% reduction in their tax break because they don't have to work to make their income.

    Romney reveals he pays about 15% in taxes - CNN.com
    While you got your silkies twisted over Romney...when was the last time you posted your omigosh outrage over what Kerry pays?

    Liberals...


  10. #890
    Sage
    teamosil's Avatar
    Join Date
    Oct 2009
    Location
    San Francisco
    Last Seen
    05-22-14 @ 12:47 AM
    Gender
    Lean
    Liberal
    Posts
    6,623

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

    Quote Originally Posted by VanceMack View Post
    While you got your silkies twisted over Romney...when was the last time you posted your omigosh outrage over what Kerry pays?
    If Kerry pays 15% that is way too little too. But Kerry isn't out there campaigning for the rich to pay even less and the middle class to absorb the cost of their tax break, so it doesn't really hurt him politically. Romney is trying to deny that a problem exists which he himself exemplifies. That's why it is so devastating for him.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •