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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

You wanna know what is absolutely sick Turtle? Sick to the point of inducing violent vomitting? Discriminatory tax rates which benefit the riches people in our society more than anybody else. And people who defend them out of pure selfish greed because they want what they want and they like it that way and screw anybody else who dare raise the spectre of taxing all money coming into a person pocket as income according to the same rate schedule.

Now that is disgusting.


You still haven't answered what is discriminatory?....WE ARE WAITING!


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

You wanna know what is absolutely sick Turtle? Sick to the point of inducing violent vomitting? Discriminatory tax rates which benefit the riches people in our society more than anybody else. And people who defend them out of pure selfish greed because they want what they want and they like it that way and screw anybody else who dare raise the spectre of taxing all money coming into a person pocket as income according to the same rate schedule.

Now that is disgusting.

HOw can anyone claim that tax rates discriminate in favor of the rich when one percent pay 40% of the income tax
 
Re: Romney's tax rate is only half as high as the middle class pays

Somewhere deep inside a little part of you must be aware that you are failing every time you go for that argument...

You can make such silly claims until the cows come in but you are still the poster that was proven to have lied on this thread
 
Re: Romney's tax rate is only half as high as the middle class pays

I don't know, Haymarket...I think Turtle's analogy re salary is on target. How do you counter that?

I already did. Every time money changes owners its subject to taxation. A service company who handles payroll DOES NOT own the money or get in in payroll for themselves. Turtle has no analogy to stand upon since it is false false false.
 
Re: Romney's tax rate is only half as high as the middle class pays

HOw can anyone claim that tax rates discriminate in favor of the rich when one percent pay 40% of the income tax

One has nothing to do with the other. But then, you know that because you have been educated on it previously.
 
Re: Romney's tax rate is only half as high as the middle class pays

HOw can anyone claim that tax rates discriminate in favor of the rich when one percent pay 40% of the income tax

If somebody just came by my house once a month and gave me a check for a million bucks for sitting on my ass I don't think I'd be crying about having to pay 15% of it in taxes... In fact, I don't think I could even stomach putting on a little "life is so hard" speech in that scenario even if I was paying 75% in taxes.
 
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Re: Romney's tax rate is only half as high as the middle class pays

I already did. Every time money changes owners its subject to taxation. A service company who handles payroll DOES NOT own the money or get in in payroll for themselves. Turtle has no analogy to stand upon since it is false false false.

the owners own the assets of a company

try again

and tell everyone why the government deserves SIX HUNDRED THOUSAND DOLLARS of a MILLION EARNED by a corporation
 
Re: Romney's tax rate is only half as high as the middle class pays

If somebody just came by my house once a month and gave me a check for a million bucks for sitting on my ass I don't think I'd be crying about having to pay 15% of it in taxes...

and if you had wheels you would be a trolley car

Do you know what you sound like?

You sound like a couch potato saying "hell if they gave me an olympic bronze medal I wouldn't be whining about not getting the gold

guess what-those who work that hard aren't satisfied with finishing third or even second. that's why they are where they are

and its so easy to pretend you would be happy to pay 40% (so stash that nonsense about 15%-none of the rich are complaining about a 15% rate-its the 40-50-60% rate the parasites want to levy on them that we complain about)

no one gives me or other wealthy people a check. we earn it one way or another

and since you obviously have proven you will never earn a million dollars, your speculation is specious
 
Re: Romney's tax rate is only half as high as the middle class pays

If somebody just came by my house once a month and gave me a check for a million bucks for sitting on my ass I don't think I'd be crying about having to pay 15% of it in taxes... In fact, I don't think I could even stomach putting on a little "life is hard" speech in that scenario even if I was paying 75% in taxes.


And if that Million was only a hundred because we both know that a million is out of your reach, then you shouldn't be crying about that either because it would be the same 15%...But your argument is like saying "hey, I only got a hundred, give me some of that guy's that got a million..."

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

. . . those who work that hard . . .

Somebody who makes a million a month by working already pays 35% + FICA + employer FICA = 47%. We're talking about the people who get the money without working for it who pay 15%.
 
Re: Romney's tax rate is only half as high as the middle class pays

Somebody who makes a million a month by working already pays 35% + FICA + employer FICA = 47%. We're talking about the people who get the money without working for it who pay 15%.


But the original money they made to invest it to make that gain, IS taxed at your 47% number....The reason that cap gains are what they are is because we as a country wanted to have an incentive to invest. So you are against investing. Why?

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

Somebody who makes a million a month by working already pays 35% + FICA + employer FICA = 47%. We're talking about the people who get the money without working for it who pay 15%.

there's that envy thing again. pretending investment isn't working

Maybe you can step up to the plate and justify why a million dollars is properly diminished by SIX HUNDRED THOUSAND Dollars by the federal government
 
Re: Romney's tax rate is only half as high as the middle class pays

But the original money they made to invest it to make that gain, IS taxed at your 47% number....The reason that cap gains are what they are is because we as a country wanted to have an incentive to invest. So you are against investing. Why?

j-mac

the only possible answer is envy or an appeal to envy among a certain class of voters. of course you also have the people who truly believe that the government is far better able to use money than those who actually earn it
 
Re: Romney's tax rate is only half as high as the middle class pays

But the original money they made to invest it to make that gain, IS taxed at your 47% number....

So? They aren't taxed on that money again, they're taxed on new income- the profits.

The reason that cap gains are what they are is because we as a country wanted to have an incentive to invest. So you are against investing. Why?

There is an incentive to invest until it gets taxed so heavily that it would be better to just leave it under your mattress.. So, like 90% capital tax rate... I wouldn't propose going nearly that high, so that's not an issue.
 
Re: Romney's tax rate is only half as high as the middle class pays

Again with that one eh? lol.

if the envy shoe fits wear it

when we see comments about violins, silken diapers etc its really hard to ignore the fact that spite and envy play a rather large role
 
Re: Romney's tax rate is only half as high as the middle class pays

You understand that that isn't a real argument don't you?

Its all he's got..............

Neither he, nor the GOP can answer why the working class should vote to continue the tax cuts for the wealthy.
 
Re: Romney's tax rate is only half as high as the middle class pays

You understand that that isn't a real argument don't you?

it is an undeniably accurate accusation as to what motivates arguments that are both economically idiotic and incredibly contradictory
 
Re: Romney's tax rate is only half as high as the middle class pays

the owners own the assets of a company

try again

and tell everyone why the government deserves SIX HUNDRED THOUSAND DOLLARS of a MILLION EARNED by a corporation

The stock holders own shares of the company. As such they have very limited rights.


You do know that in the law there is a difference between the legal entity of a corporation which has its own legal obligations and that of a share holder and their legal obligation don't you?
 
Re: Romney's tax rate is only half as high as the middle class pays

Its all he's got..............

Neither he, nor the GOP can answer why the working class should vote to continue the tax cuts for the wealthy.

more appeals to the envy of the mob. why should the rich fund the existence of the poor or allow the working class to have artificially low tax rates? because even those who are looters, or net tax consumers have votes

If votes were proportionate to the amount of tax dollars a voter pays, the tax system in this country would be far fairer.
 
Re: Romney's tax rate is only half as high as the middle class pays

But the original money they made to invest it to make that gain, IS taxed at your 47% number....The reason that cap gains are what they are is because we as a country wanted to have an incentive to invest. So you are against investing. Why?

j-mac

You still have yet to give us the name of that high school Economics text where these theories come from.
 
Re: Romney's tax rate is only half as high as the middle class pays

The stock holders own shares of the company. As such they have very limited rights.


You do know that in the law there is a difference between the legal entity of a corporation which has its own legal obligations and that of a share holder and their legal obligation don't you?

I am still waiting for an answer, not your "understanding" about owning companies. I own a couple companies. I do understand what that involves
 
Re: Romney's tax rate is only half as high as the middle class pays

it is an undeniably accurate accusation as to what motivates arguments that are both economically idiotic and incredibly contradictory

So to summarize your argument, you contend that we should give a 20% tax break to super rich investors at a cost to the treasury of around half a trillion dollars a year because, in your opinion, a poster on the internet named teamosil is envious of rich people. Is that a correct summary of your position on this issue?
 
Re: Romney's tax rate is only half as high as the middle class pays

So? They aren't taxed on that money again, they're taxed on new income- the profits.

So, profit is a bad thing to you?


There is an incentive to invest until it gets taxed so heavily that it would be better to just leave it under your mattress.. So, like 90% capital tax rate... I wouldn't propose going nearly that high, so that's not an issue.


All I can say is that either you are so bought into the rhetoric of redistribution of wealth, or callous enough not to care what it would do to our society...Consider.

A law that prohibits any individual from accumulating more than ten millions or from making more than one million a year restricts the activities of precisely those entrepreneurs who are most successful in filling the wants of consumers. If such a law had been enacted in the United States fifty years ago, many who are multimillionaires today would live in more modest circumstances. But all those new branches of industry which supply the masses with articles unheard of before would operate, if at all, on a much smaller scale, and their products would be beyond the reach of the common man. It is manifestly contrary to the interest of the consumers to prevent the most efficient entrepreneurs from expanding the sphere of their activities up to the limit to which the public approves of their conduct of business by buying their products. Here again the issue is who should by supreme, the consumers or the government? In the unhampered market the behavior of consumers, their buying or abstention from buying, ultimately determines each individual's income and wealth. Should one vest in the government the power to overrule the consumers' choices?

The incorrigible statolatrist objects. In his opinion what motivates the activities of the great entrepreneur is not the lust for wealth, but the lust for power. Such a "royal merchant" would not restrict his [p. 807] activities if he had to deliver all the surplus earned to the tax collector. His lust for power cannot be weakened by any considerations of mere moneymaking. Let us, for the sake of argument, accept this psychology. But on what else is the power of a businessman founded than on his wealth? How would Rockefeller and Ford have been in a position to acquire "power" if they had been prevented from acquiring wealth? After all, those statolatrists are on comparatively better grounds who want to prohibit the accumulation of wealth precisely because it gives a man economic power. [1]

Taxes are necessary. But the system of discriminatory taxation universally accepted under the misleading name of progressive taxation of income and inheritance is not a mode of taxation. It is rather a mode of disguised expropriation of the successful capitalists and entrepreneurs. Whatever the governments' satellites may advance in its favor, it is incompatible with the preservation of the market economy. It can at best be considered a means of bringing about socialism. Looking backward on the evolution of income tax rates from the beginning of the Federal income tax in 1913 until the present day, one can hardly believe that the tax will not soon absorb 100 per cent of all the surplus above the average height of the common man's wages.

XXXII. CONFISCATION AND REDISTRIBUTION: Confiscatory Taxation

It is the unbridled pursuit of happiness as guaranteed by our constitution, and the freedom of such markets that you can even type such socialist viewpoint.


j-mac
 
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