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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

Asked and answered.

I told you it was to inform you that you introducing race into a discussion about taxation did not advance the discussion.

What part of that do you not understand now that you have asked it several times and the answer is still the same?

The whining here - to use one of your pet words - is being done by you and your friends on the far right.

And where are those quotes from me where I called you a RACIST in this thread as you allege? Better yet, where is your apology for making false allegations about me?
I was hoping for an honest answer-one that I already knew but coming from you
 
Re: Romney's tax rate is only half as high as the middle class pays

I was hoping for an honest answer-one that I already knew but coming from you

Why would my answer be different now that the nine words I gave you last night and every time you have brought up the same question?
 
Re: Romney's tax rate is only half as high as the middle class pays

Turtle - go and read Maggies excellent post about this nonsense.
 
Re: Romney's tax rate is only half as high as the middle class pays

Why would my answer be different now that the nine words I gave you last night and every time you have brought up the same question?

I guess what several of us were looking for was an explanation of the intent behind your comment
 
Re: Romney's tax rate is only half as high as the middle class pays

I guess what several of us were looking for was an explanation of the intent behind your comment

The intent was to NOT make this something other than a discussion about taxation. But thanks to you and post 1267 - that went down the crapper. Congratulations.

You really need to read post 1513 by Maggie. It was perfection.
 
Re: Romney's tax rate is only half as high as the middle class pays

two factory workers who bought a home together at the right time and invested in a company pension could easily be considered rich by your master when they retired.

if you don't like what CEO's are paid buy a company and pay your CEO less or get enough votes to demand that the board reduce pay. that is the proper way to do that. its not the government's role to do that or to tax those who do well just to make people like you feel less butt-hurt about not being well paid as those executives

Sorry, but that's not a solution, though I do think that there are serious problems in our system of corporate governance. So we're left with the fact that the rich are consuming an ever increasing piece of the economic pie, and are, accordingly, paying a bigger -- though not a PROPORTIONATELY bigger -- piece of the tax pie.

And for the 100th time, drop the idiotic, ad hominem envy schtick.
 
Re: Romney's tax rate is only half as high as the middle class pays

Sorry, but that's not a solution, though I do think that there are serious problems in our system of corporate governance. So we're left with the fact that the rich are consuming an ever increasing piece of the economic pie, and are, accordingly, paying a bigger -- though not a PROPORTIONATELY bigger -- piece of the tax pie.

And for the 100th time, drop the idiotic, ad hominem envy schtick.

you all would have a point if the top one percent were paying less of the income tax than their share of the income. No one can take your petulant whining about the rich seriously if they are even half honest when the top one percent make 22% of the income but pay 40% of the income tax (and throw in the death tax as a surcharge and it goes up a bit)
 
Re: Romney's tax rate is only half as high as the middle class pays

you all would have a point if the top one percent were paying less of the income tax than their share of the income. No one can take your petulant whining about the rich seriously if they are even half honest when the top one percent make 22% of the income but pay 40% of the income tax (and throw in the death tax as a surcharge and it goes up a bit)

We have a progressive tax code. That's how it works. Granted, it's not nearly as progressive as it used to be when socialists like Harry Truman and Ike Eisenhower were running the show.
 
Re: Romney's tax rate is only half as high as the middle class pays

We have a progressive tax code. That's how it works. Granted, it's not nearly as progressive as it used to be when socialists like Harry Truman and Ike Eisenhower were running the show.

we have a progressive income tax code. we have a mixed tax system of state and federal taxes that include progressive taxes, regressive taxes and flat taxes. we never intended to have a completely progressive tax system and discussing how progressive the system is by including non-progressive taxes in it
 
Romney gave 7 million to charity. what did Kerry (a guy who married into his money) give?
 
Romney gave 7 million to charity. what did Kerry (a guy who married into his money) give?

Kerry filed separately from his wife -- who has all the money. He reported charitable donations amounting to over 20% of his personal income ... to Romney's 11 or 12%? BTW, aren't Mormons required to tithe 10%?
 
Kerry filed separately from his wife -- who has all the money. He reported charitable donations amounting to over 20% of his personal income ... to Romney's 11 or 12%? BTW, aren't Mormons required to tithe 10%?

so Kerry paid for the yacht based on what he earned? LOL
 
so Kerry paid for the yacht based on what he earned? LOL

No, but we don't have his wife's tax returns, AFAIK.

To answer my own question: yes, Mormons ARE required to tithe 10% of their income to charity.
 
No, but we don't have his wife's tax returns, AFAIK.

To answer my own question: yes, Mormons ARE required to tithe 10% of their income to charity.

so what? its still voluntary. 7 million to charity and millions to the government and the parasite pimps who are called democrat politicians will whine its not enough
 
so what? its still voluntary. 7 million to charity and millions to the government and the parasite pimps who are called democrat politicians will whine its not enough

No, no. He didn't give $7 million to charity. That was mostly just donations to the LDS. He did give a solid chunk of money to actual charity though. $1.5 million in 2010 and $500k in 2011.
 
You don’t seem to get it. Who’s money do you think they are talking about when they discuss the ‘$2t sitting on the sidelines’? Who’s money was it that caused the stock market to plummet to around 6k in ’08. And then who’s money has been put BACK into the market to enable it to reach around 12k in the last few weeks? WE are the ones moving our money and some of us are about to retract AGAIN. What are YOU going to do about it? Whine? That'll help...:lamo

And I asked previously what affect is this 5% going to make? With the AVERAGE annual projected realized capital gains 2010-2015 being $740b, 5% will yield $37b annually. THIS is your plan to reduce an average $1t deficit…think again.
The Revenue Outlook

No, we are also going to have to close the tax loopholes for the rich, increase the FICA cap, upgrade our health care system as the rest of the industrialized world has done, re-establish the firewall between commercial banks and investment banks, and we are going to have to cut wasteful spending in every program, and we are going to have make significant cuts in military spending and in the waging of optional wars.
 
Re: Romney's tax rate is only half as high as the middle class pays

We were in recession when Dems controlled both houses. Never a good time for any kind of tax hike.
Excuse #112 of why "we can never do what we pretend to actually believe in..."
 
Re: Romney's tax rate is only half as high as the middle class pays

They did not control a super majority proof congress, do you think the working class have forgotten that?
I think most reasoned and rational folks will see the constant stream of pathetic excuses as precisely what they are, and the mindless hacks will continue to swallow everything without so much as getting a single dribble on their chin...
 
Re: Romney's tax rate is only half as high as the middle class pays

Actually I was following the principle of meeting you at your own level. No use in talking over your head.
Comedy gold, man...dont ever stop being you! :lamo
 
so what? its still voluntary. 7 million to charity and millions to the government and the parasite pimps who are called democrat politicians will whine its not enough

It isn't voluntary if you want to be a member in good standing of the Mormon Church.
 
Re: Romney's tax rate is only half as high as the middle class pays

I think most reasoned and rational folks will see the constant stream of pathetic excuses as precisely what they are, and the mindless hacks will continue to swallow everything without so much as getting a single dribble on their chin...

One man's fact is another man's pathetic excuse, I guess. :lol:
 
Re: Romney's tax rate is only half as high as the middle class pays

Romney is the perfect representative of the 1% to go into battle against the 99% in November ~

Romney tax returns show he's no average multimillionaire

"GOP presidential contender Mitt Romney isn't just in the top 1% of America's highest earners — he's in at least the top 0.006%, tax returns he released Tuesday show.

Just 8,274 federal tax returns out of more than 140 million filed in 2009 had income that totaled $10 million or more, the most recent data available from the IRS show.

The 2010 adjusted gross income of Romney and his wife, Ann, totaled $21.7 million, according to their tax return. That means they ranked high even among the top 8,274 tax returns.

The tax returns show the Romneys paid an effective tax rate of 13.9% on their 2010 adjusted gross income. They anticipate paying an effective rate of 15.4% on adjusted gross income of $20.9 million last year, a preliminary tax return shows.

Those rates place Romney far below the 35% top federal tax bracket. His effective tax rates are also below the 22% average that IRS data show the wealthiest filers paid in 2009 — as well as what GOP campaign rival Newt Gingrich and President Obama paid. But they top the 8% or lower rates paid by Americans with incomes of $100,000 or less, the IRS data show."
His 2010 tax return shows $21.7 million income, most from investments
 
Re: Romney's tax rate is only half as high as the middle class pays

quit whining. to become rich these days you no longer can be big dumb and strong like factory workers could be in the 50's and make a good living. You have to have advanced technical skills and that comes with having advanced education. people who eschew education are falling behind

What a completely ridiculous thing to say about workers who had factory jobs. Why do you need to resort to putting labels on people like DUMB and engaging in name calling? There were several men in my family and many in my neighborhood who had factory jobs and many were intelligent people who could put to shame some here who think their fancy elite school sheepskins confer IQ point upon them.

As I finished my Bachelors, I worked for six months on a garbage truck and the driver was an old guy - a tough Finn from the upper peninsula with a sixth grade education. The man could talk to you about current events and politics like you were speaking to William Buckley. Thats not a factory job but some elitists would consider that even lower I would imagine.

Please Turtle, leave the condescending elitism and name calling out of this.
 
Re: Romney's tax rate is only half as high as the middle class pays

Comedy gold, man...dont ever stop being you! :lamo

When can we actually expect you to begin debate here?
 
Re: Romney's tax rate is only half as high as the middle class pays

You are making no sense.

If you wanna claim some national debt as your own - welcome to the jungle. But leave me out of your extremist fantasies.

Extremist fantasies? What are you referring to?
 
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