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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

haymarket said:
Catawba has "dem masters" that he serves?

Please do tell us more. And this time with actual evidence of that relationship and fealty.
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part of being an extreme leftwinger is a desire to be ruled by the government
 
Re: Romney's tax rate is only half as high as the middle class pays

Catawba said:
Then there is no incentive for voters to continue voting for people that continue the tax cuts for the rich, that is the point you helped me make.
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Yeah that is again your main argument-appeal to envy and parasitic behavior. again, if you had your way you would confiscate all wealth above what you make to benefit your political agenda
 
Re: Romney's tax rate is only half as high as the middle class pays

First, did you read any of these links? Second, how EXACTLY do these infer there will be a 'end the supply side economics'?

Catawba said:
Investors Back Obama's Buffett Rule
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Interesting quote from the article “Increasing taxes on millionaires may not harm the economy, but it will not help it either,” said Don Lindsey, chief investment officer at George Washington University, who participated in the survey. “What we need is a complete overhaul of the tax system.”
 
Re: Romney's tax rate is only half as high as the middle class pays

Dickieboy said:
First, did you read any of these links? Second, how EXACTLY do these infer there will be a 'end the supply side economics'?



Interesting quote from the article “Increasing taxes on millionaires may not harm the economy, but it will not help it either,” said Don Lindsey, chief investment officer at George Washington University, who participated in the survey. “What we need is a complete overhaul of the tax system.”
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envy blinds lots of lefties when it comes to the wealth of the rich and punishing the rich tends to be all they see-economic rationality plays no role in their jihad to afflict the comfortable in order to buy the support of those who have been told they should feel afflicted
 
AdamT said:
It has nothing to do with partisan hackery. It's a question of tax policy, pure and simple. Kerry and Romney are both examples of the inequity in the system.
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And yet...for some strange reason...now...hang with me for a second...you nor anyone else here starts a "Kerry only paid 15%" thread. Shocking...right? :roll:
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
part of being an extreme leftwinger is a desire to be ruled by the government
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By your definition of extreme leftwinger - someone that believes in both cutting spending and increasing revenues as we did in the 90's when we reduced the deficit.

This says more about your perspective than it does my political lean.
 
VanceMack said:
And yet...for some strange reason...now...hang with me for a second...you nor anyone else here starts a "Kerry only paid 15%" thread. Shocking...right? :roll:
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actually he paid even less I believe. he had far less earned income and far more investment income. Same with Nasty Pelosi and she has used her position to get her husband cushy deals etc
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
part of being an extreme leftwinger is a desire to be ruled by the government
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Really? And you get this rather unique belief of yours from what source exactly?

You accuse me of being a far leftist - and I have no desire at all of being ruled by the government. So just who is it here that you are referring to?
 
Re: Romney's tax rate is only half as high as the middle class pays

Catawba said:
By your definition of extreme leftwinger - someone that believes in both cutting spending and increasing revenues as we did in the 90's when we reduced the deficit.

This says more about your perspective than it does my political lean.
Click to expand...

Your posts general rant about the rich having to pay more taxes. You don't call for the middle class to pay more taxes-the ratio of their share of the income vs their share of the income tax is the least burdensome in 60 years.

Why don't you support massive spending cuts before demanding ANYONE pay more taxes?
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
part of being an extreme leftwinger is a desire to be ruled by the government
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I don't see it that way exactly. I think it's a desire to be the ruler over others.
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
Yeah that is again your main argument-appeal to envy and parasitic behavior. again, if you had your way you would confiscate all wealth above what you make to benefit your political agenda
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Is that what you think was done in the 90's???
 
I'm beginning to think that every politician on the Federal level should have to release his income tax returns every year as a condition of holding office...including candidates right out of the box. I don't think their right to privacy should supercede our right to full disclosure. Think this'll ever happen? :rofl
 
Re: Romney's tax rate is only half as high as the middle class pays

haymarket said:
Really? And you get this rather unique belief of yours from what source exactly?

You accuse me of being a far leftist - and I have no desire at all of being ruled by the government. So just who is it here that you are referring to?
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Did I make that claim about you? I was referring to Catawba. But you certainly back the government taking more wealth from the rich-didn't you claim the rich should drop to their knees and beg the government for the PRIVILEGE of keeping what they have? I think OR67 referred to that as disturbing fascism or something like that
 
MaggieD said:
I'm beginning to think that every politician on the Federal level should have to release his income tax returns every year as a condition of holding office...including candidates right out of the box. I don't think their right to privacy should supercede our right to full disclosure. Think this'll ever happen? :rofl
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we could also start with their college transcripts as well.
 
MaggieD said:
I'm beginning to think that every politician on the Federal level should have to release his income tax returns every year as a condition of holding office...including candidates right out of the box. I don't think their right to privacy should supercede our right to full disclosure. Think this'll ever happen? :rofl
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While I have mixed feelings about putting such a demand into actual law, I think it is an excellent idea for citizens to demand that their candidates and elected officials do so or deny them your vote.
 
Re: Romney's tax rate is only half as high as the middle class pays

Catawba said:
Is that what you think was done in the 90's???
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there was a huge dot com bubble that meant those who were taxed more had more net income. If it wasn't for that dot com bubble clinton's tax hikes would have had far more deleterious effects and would have resulted in far tougher reelection campaign
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
Did I make that claim about you? I was referring to Catawba. But you certainly back the government taking more wealth from the rich-didn't you claim the rich should drop to their knees and beg the government for the PRIVILEGE of keeping what they have? I think OR67 referred to that as disturbing fascism or something like that
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I back the raising of taxes on ALL AMERICANS who have income. I thought that had been made clear in many posts?

And I certainly do think that ALL PEOPLE who have reaped the rewards of a good life should be thankful. The rich included, perhaps more than anyone else since they have a lot more to drop to their knees and give thanks for. People have been doing just that for thousands of years and why would it be such a foreign concept to you?
 
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Re: Romney's tax rate is only half as high as the middle class pays

haymarket said:
I back the raising of taxes on ALL AMERICANS who have income. I thought that had been made clear in many posts?

And I certainly do think that ALL PEOPLE who have reaped the rewards of a good life should be thankful. The rich included, perhaps more than anyone else since they have a lot more to drop to their knees and give thanks for. People have been doing just that for thousands of years and why would it be such a foreign concept to you?
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yeah but you want the rich to pay so much more. You also are a huge fan of massive death taxes (AKA estate taxes)

no one believes your attempt to modify what you intended with that comment.
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
yeah but you want the rich to pay so much more. You also are a huge fan of massive death taxes (AKA estate taxes)

no one believes your attempt to modify what you intended with that comment.
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I have clearly stated that ALL people with income should have five points added to the bracket that they are now in. You cannot get more egalitarian than that.

I would be in favor of abolishing all estate taxes. All we have to do is to follow the advice I have been giving for a long time now, consider all money going into a persons pocket as income and apply the proper bracket accordingly. If we did that, we have no reason to have special estate taxes.
 
Re: Romney's tax rate is only half as high as the middle class pays

Dickieboy said:
First, did you read any of these links?
Click to expand...

Yes, I read all three links. Did you???


Second, how EXACTLY do these infer there will be a 'end the supply side economics'?
Click to expand...

Tax cuts for the rich are what supply side economics recommended. Eliminating those tax cuts for the rich would be moving away from supply side economics, especially the tax cuts for outsourcing jobs that Democrats have put up a bill to end, which of course was blocked by the GOP

Interesting quote from the article “Increasing taxes on millionaires may not harm the economy, but it will not help it either,” said Don Lindsey, chief investment officer at George Washington University, who participated in the survey. “What we need is a complete overhaul of the tax system.”
Click to expand...

I agree that just eliminating the tax cuts for the rich will be not enough, in addition we need to overhaul the whole tax system and get rid of the loopholes that allow the rich to pay lower tax rates than the middle class.

According to the Bloomberg Global Poll from the article:

"The call for the rich to pay more, however, found backing among financial professionals in the quarterly Global Poll of 1,031 investors, analysts and traders who are Bloomberg subscribers. “Higher tax payments could help to avoid or delay potential social disturbances and in addition create some kind of a general solidarity,” says Henry Littig, chief executive officer of Henry Littig Global Investments AG in Cologne, Germany, a poll respondent."
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
Your posts general rant about the rich having to pay more taxes. You don't call for the middle class to pay more taxes-the ratio of their share of the income vs their share of the income tax is the least burdensome in 60 years.

Why don't you support massive spending cuts before demanding ANYONE pay more taxes?
Click to expand...

Because I know enough about economics to know that making spending cuts when the private market is not producing makes a recession worse.

Over the last 30 years tax rates for the middle class were increased and tax rates for the rich were cut, this was called supply side economics. The theory was this would produce more jobs.

We now know this did not happen, and only made the rich richer and more of the middle class poor.

So, there is simply no reason to support the tax cuts for the rich any longer.
 
Re: Romney's tax rate is only half as high as the middle class pays

Centinel said:
I don't see it that way exactly. I think it's a desire to be the ruler over others.
Click to expand...

Like we were in the 1990s when both sides came together to both cut spending and increase revenues?

That's your idea of a dictatorship???
 
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Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
there was a huge dot com bubble that meant those who were taxed more had more net income. If it wasn't for that dot com bubble clinton's tax hikes would have had far more deleterious effects and would have resulted in far tougher reelection campaign
Click to expand...

How did the slight increases in tax rates hurt that economic growth???

With the realization that trickle down economics doesn't create jobs, there is no incentive to continue to support it.
 
Re: Romney's tax rate is only half as high as the middle class pays

Catawba said:
Like we were in the 1990s when both sides came together to both cut spending and increase revenues?

That's you idea of a dictatorship???
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No, I mean placing more of what were once private individual concerns and responsibilities in the hands of the government, and worse yet a distant, centralized, corrupt federal government.
 
Re: Romney's tax rate is only half as high as the middle class pays

Catawba said:
Yes, I read all three links. Did you???
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Yes as I feel it would be disrespectful for me not to if you spent the time to search and post them, especially if I intend to respond to them.

Tax cuts for the rich are what supply side economics recommended. Eliminating those tax cuts for the rich would be moving away from supply side economics, especially the tax cuts for outsourcing jobs that Democrats have put up a bill to end, which of course was blocked by the GOP
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Not quite, supply side economics argues reducing the tax rates on EVERYBODY not just the rich. Coincidently the Democrats are against section 199, ‘Domestic manufacturing tax deduction’, of the tax code which is argued to promote DOMESTIC manufacturing thus promoting outsoucing…


I agree that just eliminating the tax cuts for the rich will be not enough, in addition we need to overhaul the whole tax system and get rid of the loopholes that allow the rich to pay lower tax rates than the middle class.
Click to expand...

Maybe you misread the quote. It said ‘it will not help’ not ‘will not be enough’. See the difference?

According to the Bloomberg Global Poll from the article:
"The call for the rich to pay more, however, found backing among financial professionals in the quarterly Global Poll of 1,031 investors, analysts and traders who are Bloomberg subscribers. “Higher tax payments could help to avoid or delay potential social disturbances and in addition create some kind of a general solidarity,” says Henry Littig, chief executive officer of Henry Littig Global Investments AG in Cologne, Germany, a poll respondent."
Click to expand...

A poll of ‘global’ investors is legitimate when considering US DOMESTIC economic policy? Is their agenda aligned with ours?
 
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