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

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

teamosil said:
No, again, 27% is the median EFFECTIVE tax rate for an American.

You know what dude. I've said all these things to you like 10 times already. You're just doing that thing where you intentionally play an idiot to irritate me. I'm done replying to you again.
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Then reply to me. Where is a link showing that the median effective tax rate for an American is 27%? Even if you can find it, it will surely not be talking about Federal income tax.
 
Re: Romney's tax rate is only half as high as the middle class pays

MaggieD said:
I don't know one accounting firm who figures one's effective tax rate including state taxes. You've made an assumption. Actually, both of us have. But let's neither one of us let that get in our way. ;)
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That makes zero sense. Why would he only include some of his income taxes and then claim he was giving the rate for his income taxes? You think he is trying to make the number seem SMALLER for some reason? That would be crazy.

MaggieD said:
If you're not going to believe information I posted from the Tax Policy Center, I don't know what to say.]
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Again, that link was only about FEDERAL effective tax rate... Why do I need to keep repeating that?

MaggieD said:
Oh, wait. How about a link? Romney was talking about his Federal effective tax rate. No one knows what their Federal/State/Local/Sales Tax/Property Tax/Unemployment/Etc/Etc rate is. No one.
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You think Romney doesn't know how much state taxes he paid? WTH? That's crazy talk.
 
Re: Romney's tax rate is only half as high as the middle class pays

MaggieD said:
Then reply to me. Where is a link showing that the median effective tax rate for an American is 27%? Even if you can find it, it will surely not be talking about Federal income tax.
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OF COURSE it is not just talking about federal. I've said that 10 times. It would be idiotic to just look at federal...
 
AdamT said:
Makes perfect sense to me. Maybe if I use different words.... You seem to be saying that Romney is already paying too much in taxes, because he doesn't get back from government what he pays in. Then you said that you have no idea how much benefit he got from the $800 billion TARP program (for example). Thus your main premise is based on pure speculation (and you won't even speculate).

If I was to speculate I would say that Romney got tens of millions of dollars in value from TARP, insofar as his money is tied up in investments which would have lost a substantial percentage of their value if the government had not propped up the banks, and thus the markets. It may be that he got more value from that one action than he will EVER pay in.
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That's pretty singular of you. Many people benefited from investiments that stayed afloat due to tarp, including some, I'm sure on fixed incomes. Should they be villified as well? Or is your demonizing limited to only those that are politically dangerous to your ideology?


J-mac

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

teamosil said:
OF COURSE it is not just talking about federal. I've said that 10 times. It would be idiotic to just look at federal...
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You need some lessons in basic tax accounting. Oh, and where's the link?
 
Re: Romney's tax rate is only half as high as the middle class pays

teamosil said:
Why would he say that's what he pays in taxes if he just meant federal taxes? You think he's stupid or something? You think he doesn't understand that state taxes are taxes too?



No, again, 27% is the median EFFECTIVE tax rate for an American.

You know what dude. I've said all these things to you like 10 times already. You're just doing that thing where you intentionally play an idiot to irritate me. I'm done replying to you again.
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you made the false statement that Romney's 15% applied to ALL HIS TAXES and the opening post's citation merely said INCOME taxes and you denied that. I cannot help it if you did either not read the opening post's citation or understand it. You were inaccurate as to what Romney was referencing (it was clearly his federal income tax rate based on the context of his comment -even if it meant his state income tax rate) for the article CLEARLY SAID INCOME TAX-not other taxes as YOU CLAIMED
 
Re: Romney's tax rate is only half as high as the middle class pays

MaggieD said:
You need some lessons in basic tax accounting. Oh, and where's the link?
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Basic tax accounting? Why would Mitt Romney just list off his effective tax rate for federal taxes? He is embarrassed that it is so low. You think he would just leave off a bunch of the taxes for no reason?

www.ctj.org/pdf/taxday2011.pdf
 
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Re: Romney's tax rate is only half as high as the middle class pays

teamosil said:
Basic tax accounting? Why would Mitt Romney just list off his effective tax rate for federal taxes? He is embarrassed that it is so low. You think he would just leave off a bunch of the taxes for no reason?
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He's embarrassed or he is worried that the envious left is going to whine about it because most of them are too dim to understand that an effective tax rate of 15% still means he pays a higher rate than just about anyone in the middle class. Indeed you have to be over 200K a year purely in salary to have an effective tax rate of higher than 15%
 
Re: Romney's tax rate is only half as high as the middle class pays

uh that is marginal rates not effective rate

you missed all my earlier posts that demonstrate that when you are way way up there your marginal rate is the same as your effective rate. if you are in the 15% bracket for investment income ALL OF YOUR INVESTMENT INCOME effective is taxed at 15%

if you make 40K how much of your income is taxed at 25%?
 
Re: Romney's tax rate is only half as high as the middle class pays

teamosil said:
I just posted a link, maybe after you replied disproving this- http://www.ctj.org/pdf/taxday2011.pdf

Somebody who makes $40k/year is at 25%.
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that propaganda piece by a far left think tank is trying to combine progressive taxes with taxes that were NEVER INTENDED TO BE PROGRESSIVE (such as sales taxes and FICA [which is only partially progressive] ) to dishonestly try to claim that overall taxes are not as progressive as THOSE TAXES WHICH WERE SET to be PROGRESSIVE

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

TurtleDude said:
uh that is marginal rates not effective rate
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No it is not. It is the total percentage of their income- effective. Read before you blurt nonsense out.
 
Re: Romney's tax rate is only half as high as the middle class pays

teamosil said:
No it is not. It is the total percentage of their income- effective. Read before you blurt nonsense out.
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that's coming from a guy who confuses taxes that are progressive with those that are either flat or fixed rate (the ones the left howls are regressive)

that's coming from the guy who cannot read an article that clearly states Romney's 15% was REFERENCING INCOME TAXES

whining that one's TOTAL TAX BILL is not as progressive as say the current income tax pyramid IS DISHONEST BECAUSE ONE'S TOTAL TAX BILL INCLUDES MANY TAXES (and in the poor's case-because they pay ALMOST NO PROGRESSIVE TAXES) that were NEVER EVER INTENDED TO BE PROGRESSIVE
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
that propaganda piece by a far left think tank is trying to combine progressive taxes with taxes that were NEVER INTENDED TO BE PROGRESSIVE (such as sales taxes and FICA [which is only partially progressive] ) to dishonestly try to claim that overall taxes are not as progressive as THOSE TAXES WHICH WERE SET to be PROGRESSIVE

VERY DISHONEST
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Dishonest. So you think it is dishonest to look at all taxes. The only honest thing is to look only at those taxes which support your bs worldview that rich people are supporting everybody? Honesty requires us to ignore reality when it contradicts your right wing hatemongering greed?
 
Re: Romney's tax rate is only half as high as the middle class pays

teamosil said:
Dishonest. So you think it is dishonest to look at all taxes. The only honest thing is to look only at those taxes which support your bs worldview that rich people are supporting everybody? Honesty requires us to ignore reality when it contradicts your right wing hatemongering greed?
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You were the one proven to have lied about what the article said

and it is you that engages in hatemongering and greed. I am not the one lying about Romney or bashing him because he doesn't pay as many taxes as the envious left thinks he should

I am all in favor of everyone paying the same flat rate on all income.
 
Re: Romney's tax rate is only half as high as the middle class pays

Why does any of this matter. Are you suggesting that someone like Buffet should never run because he followed the law and paid what he was told to pay? Stupid that he should show his income taxes anyways, unless there is fraud it is no one's business. Also I believe he has stated he would like to lower the Highest bracket to 25% and eliminate all loopholes and deductions which from the sounds of things would be a tax increase that the left should get behind.
 
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Re: Romney's tax rate is only half as high as the middle class pays

Truckstop said:
Why does any of this matter. Are you suggesting that someone like Buffet should never run because he followed the law and paid what he was told to pay?
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No, I am suggesting that nobody who hardly pays any taxes because he's rich should campaign on the platform that the rich pay too much taxes.
 
Re: Romney's tax rate is only half as high as the middle class pays

teamosil said:
No, I am suggesting that nobody who hardly pays any taxes because he's rich should campaign on the platform that the rich pay too much taxes.
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more silliness. Romney pays tons of taxes. an effective income rate of 15% is higher than 90% of America and his actual tax dollars is higher than 99% of the people in the country

He is right, people like him DO pay too much taxes,
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
more silliness. Romney pays tons of taxes. an effective income rate of 15% is higher than 90% of America and his actual tax dollars is higher than 99% of the people in the country

He is right, people like him DO pay too much taxes,
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Quit blatantly lying. You see the link right there. Even somebody in the bottom 20% pays more than 15% taxes. They pay them in regressive taxes where rich people pay in progressive taxes, but obviously that doesn't change anything.
 
Re: Romney's tax rate is only half as high as the middle class pays

teamosil said:
Quit blatantly lying. You see the link right there. Even somebody in the bottom 20% pays more than 15% taxes. They pay them in regressive taxes where rich people pay in progressive taxes, but obviously that doesn't change anything.
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we are talking about income taxes. the only tax MENTIONED IN THE ARTICLE FROM THE OPENING POST IS INCOME TAXES and many people in the BOTTOM 20% don't drink or eat junk foods etc so its rather tough figuring out their actual state taxes which are often assumed to hit the poor heavily due to taxes on liquor or junk foods.

and guess what-many of them are getting money from the federal government meaning their payments of state taxes are subsidized by the rest of us so it is dishonest to claim that if you get 10K from the government and you pay 2K in state taxes you have a tax rate of 20% since you were GIVEN that money from OTHER TAXPAYERS


and your constant rant is based on the value judgment that all taxes should be progressive-that is why you try to pretend that the OVERALL TAX RATE is not progressive enough

guess what, many taxes were never intended to be progressive so that is an idiotic argument
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
we are talking about income taxes. the only tax MENTIONED IN THE ARTICLE FROM THE OPENING POST IS INCOME TAXES
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Are you telling me that you think Romney pays a significant portion of his income in regressive taxes? Or do you understand why what you're saying is irrelevant?

TurtleDude said:
and your constant rant is based on the value judgment that all taxes should be progressive-that is why you try to pretend that the OVERALL TAX RATE is not progressive enough
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What do you mean "try to pretend". I'm posting the actual data. You just want to ignore half the data because it doesn't support the lie you constantly spout.
 
Re: Romney's tax rate is only half as high as the middle class pays

what I am saying is that Romney pays too much taxes. I oppose taxes on income
 
Re: Romney's tax rate is only half as high as the middle class pays

teamosil said:
Are you telling me that you think Romney pays a significant portion of his income in regressive taxes? Or do you understand why what you're saying is irrelevant?



What do you mean "try to pretend". I'm posting the actual data. You just want to ignore half the data because it doesn't support the lie you constantly spout.
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You were the one caught lying on this thread-shall we revisit your claim that Romney was talking about all his taxes in that article when it Clearly said INCOME TAX
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
what I am saying is that Romney pays too much taxes. I oppose taxes on income
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I know. You would rather only have taxes that hit the poorest people the hardest. You don't have moral values that tell you that is wrong.
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
You were the one caught lying on this thread-shall we revisit your claim that Romney was talking about all his taxes in that article when it Clearly said INCOME TAX
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LOL. Answer the question. Do you think Romney pays say even 1% of his income in non-income taxes? Of course not. So you understand why that isn't relevant don't you? But there you are playing dumb anyways. What a shocker.
 
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