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

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that's weird, I quoted Haymarket's comment as it is on the board now and I got this other stuff
I will edit your quote if you so wish Haymarket

edit note-now it showed up on your post
 
haymarket said:
In fact, I salute Mitt and take my hat off to him. When he does reveal his taxes, the results will so shock most Americans that it will force a long overdue national debate on the issue of taxation and the discriminatory preferences given to capital gains.

He is doing America and its people a great service and I sincerely thank him for that.
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You dream...DC will never address this as BOTH sides are 'gaming' (legally of course) the system EXACTLY as Mitt is.
 
TurtleDude said:
I concede that you have said that before about Romney but I also believe you think he should be bashed on this issue. as you can see I was addressing AdamT and did not mention you
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Yes... However, I think you included me in other attacks... if not - that is my fault for interpreting it as such.

In the end, the Romney tax return will shock America and propel a discussion about capital gains and who benefits from them as we have not had ever in this country. And that is a great thing to happen.
 
Dickieboy said:
You dream...DC will never address this as BOTH sides are 'gaming' (legally of course) the system EXACTLY as Mitt is.
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They will have no choice. The issue will be out there and even if the elected pols do not embrace it, others will and it will not go away. It will cause people to change minds and positions.

But we will see. you could be right.
 
haymarket said:
Yes... However, I think you included me in other attacks... if not - that is my fault for interpreting it as such.

In the end, the Romney tax return will shock America and propel a discussion about capital gains and who benefits from them as we have not had ever in this country. And that is a great thing to happen.
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I don't know if Pelosi and some of the other dems who have more money and did "less" to earn it than Romney did want that discussion.
 
TurtleDude said:
I don't know if Pelosi and some of the other dems who have more money and did "less" to earn it than Romney did want that discussion.
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In their hearts and bank accounts - many probably do not. But it will come just the same.
 
TurtleDude said:
I bet far more people are buying ammo than are welfare socialists but are you trying to divert things?
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I dunna about that dude. From the way you talk about votes being bought and all it seems like there is a lot more people on the government dole vs people stock piling ammunition.
 
winston53660 said:
I dunna about that dude. From the way you talk about votes being bought and all it seems like there is a lot more people on the government dole vs people stock piling ammunition.
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well the good news is if the SHTF, us with the ammo are going to win:mrgreen:
 
TurtleDude said:
The only envy on this thread comes from you and a couple others who whine about Romney and whine about the rich.
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Actually it seems to be you incessantly whining about paying more taxes than the middle class and poor.
 
AdamT said:
Actually it seems to be you incessantly whining about paying more taxes than the middle class and poor.
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this thread was started to whine about those with investment income not being raped as much on that income as they are on earned income. You are the ones whining. and your whining is dishonest for several reasons

it is not honest to claim that the rich aren't paying their fair share

its also not honest to demand others pay more when you pay less
 
Centinel said:
When the government takes people's stuff, it is not theft. It is taxation, which is definitely not theft, because theft is illegal and taxation is legal. See, it's totally different.
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So I guess you must be stealing national security, education, highways, bridges, dams, air traffic control, emergency services, gps signals, a court system, border security, and all the rest? And then the government steals from you to pay for it? Maybe it's just a fine for your theft?
 
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TurtleDude said:
well our welfare socialists believe that all wealth belongs to the government or at least everyone has a share of it as their goddess-mother Elizabeth Warren has told them.
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They not only own your wealth. They actually own you.
 
TurtleDude said:
this thread was started to whine about those with investment income not being raped as much on that income as they are on earned income. You are the ones whining. and your whining is dishonest for several reasons

it is not honest to claim that the rich aren't paying their fair share

its also not honest to demand others pay more when you pay less
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Regardless of who started the thread, you do a hell of a lot of whining about paying more taxes than you think you should.

As to what's fair, that's a bit like arguing over religion. Kind of pointless.

The voters will decide.
 
AdamT said:
So I guess you must be stealing national security, education, highways, bridges, damms, air traffic control, emergency services, gps signals, a court system, border security, and all the rest? And then the government steals from you to pay for it? Maybe it's just a fine for your theft?
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I just told you. It's not stealing. It's taxation. Stealing is illegal. Taxation is legal. There's a big difference.
 
Centinel said:
I just told you. It's not stealing. It's taxation. Stealing is illegal. Taxation is legal. There's a big difference.
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Ah, see and I thought you were being sarcastic. Thanks for clarifying that you don't have a problem with taxes.
 
AdamT said:
Ah, see and I thought you were being sarcastic. Thanks for clarifying that you don't have a problem with taxes.
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Oh I have a problem with them. They're immoral. They're just not stealing, since it's the government that's doing it.
 
haymarket said:
They will have no choice. The issue will be out there and even if the elected pols do not embrace it, others will and it will not go away. It will cause people to change minds and positions.

But we will see. you could be right.
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ARE YOU KIDDING? What percentage of the electorate will comprehend the concept of capital gain? And of those will they then understand that these taxes will effect THEIR deferred compensation (401k, pensions, etc.) similarly?
 
Centinel said:
Oh I have a problem with them. They're immoral. They're just not stealing, since it's the government that's doing it.
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I see. So you're also against national defense, border security, highways, airports, etc., etc.? Or you think all that stuff should be done out of the goodness of people's hearts -- because you're such a nice guy?
 
So in 2007 the total realized capital gains was $924b and revenue on said gains was $126b (13.6%). The AVERAGE annual projected realized capital gains 2010-2015 is $740b. If the UNDERSTOOD proposal in this thread is to raise the capital gains tax rate to the 35% the US will realize an increase in revenue of $148b annually (740x.20). Notwithstanding the effect it will have on the economy does this REALLY sound like an effective way to reduce a $1.2t deficit? Am I missing something?

The Revenue Outlook
 
teamosil said:
The average American pays 27%. Romney pays 15%. Who isn't being honest here, us or you?
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not that lie again

you are using everyones entire taxes and pretending that Romney's 15% capital gains rate does not encompass any other taxes

the average american pays far less a percentage on EVERY TAX THAT IS PROGRESSIVE than Romney
 
AdamT said:
I see. So you're also against national defense, border security, highways, airports, etc., etc.? Or you think all that stuff should be done out of the goodness of people's hearts -- because you're such a nice guy?
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the problem is that those who drive most of the spending are undertaxed because they have most of the votes and an unfair burden is placed on the "rich" because they cannot outvote the middle class
 
AdamT said:
I see. So you're also against national defense, border security, highways, airports, etc., etc.? Or you think all that stuff should be done out of the goodness of people's hearts -- because you're such a nice guy?
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Nope. Not against those things. Those are valuable goods and services for which I'd be willing to pay. (Well, maybe not airports.)
 
Dickieboy said:
ARE YOU KIDDING? What percentage of the electorate will comprehend the concept of capital gain? And of those will they then understand that these taxes will effect THEIR deferred compensation (401k, pensions, etc.) similarly?
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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.
 
Centinel said:
Nope. Not against those things. Those are valuable goods and services for which I'd be willing to pay. (Well, maybe not airports.)
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Okay, and you are paying, in the form of taxes. So how are taxes immoral?
 
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