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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

people should pay for what they use demanding others pay for what you want is the real immorality.

I have no idea what Romney pays in non income taxes. I don't know how much stuff he buys or what the property taxes he pays. But I know one thing-he pays more taxes in a week than you pay in a year and guess what-he sure doesn't get some knighthood or special privileges for all that tax money
 
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 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.
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Junk food is not taxable in Ohio as far as I can tell:

Food for human consumption off the premises where sold (food does not include alcoholic beverages, dietary supplements, soft drinks, or tobacco).

​
Welcome to the Ohio Department of Taxation
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
people should pay for what they use
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How many times have we gone over how much more benefit rich people draw from society? But there you are pretending you still were not aware of that...
 
Re: Romney's tax rate is only half as high as the middle class pays

winston53660 said:
Junk food is not taxable in Ohio as far as I can tell:

Food for human consumption off the premises where sold (food does not include alcoholic beverages, dietary supplements, soft drinks, or tobacco).

​
Welcome to the Ohio Department of Taxation
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I will keep that in mind in 4 years if Robert Portman is running for president as the late David Broder believed he would
 
Re: Romney's tax rate is only half as high as the middle class pays

teamosil said:
How many times have we gone over how much more benefit rich people draw from society? But there you are pretending you still were not aware of that...
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yeah its a constant source of speculation one part of the rich bashers use to justify higher taxes.

you see there are two basic schools

You have the FROM EACH ACCORDING TO THEIR ABILITY CROWD (ie tax the rich more because they have more)

and you have the far less honest crowd who try to justify the rich paying tons more income and death taxes than everyone else based on the MYTH and the BS that the Rich actually use more

the problem with that nonsense is that for your system to work you have to claim that ONE MITT ROMNEY uses more government services than the thousands upon thousands of people who pay less federal income taxes combined than Mitt does by himself
 
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?

www.ctj.org/pdf/taxday2011.pdf
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Absolutely ridiculous. I'm done here. Dream on, Team.
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
I will keep that in mind in 4 years if Robert Portman is running for president as the late David Broder believed he would
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And that is significant because?
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
yeah its a constant source of speculation one part of the rich bashers use to justify higher taxes.

you see there are two basic schools

You have the FROM EACH ACCORDING TO THEIR ABILITY CROWD (ie tax the rich more because they have more)

and you have the far less honest crowd who try to justify the rich paying tons more income and death taxes than everyone else based on the MYTH and the BS that the Rich actually use more

the problem with that nonsense is that for your system to work you have to claim that ONE MITT ROMNEY uses more government services than the thousands upon thousands of people who pay less federal income taxes combined than Mitt does by himself
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Again, how many times have we gone over list after list of things where the rich benefit far more from society than other people do? But you aren't able to come up with a counter argument, so instead you just blurt out irrelevant rhetoric. Fail. Again. But guess what, you'll be back tomorrow asserting the same exact thing again like this didn't happen won't you?
 
Re: Romney's tax rate is only half as high as the middle class pays

winston53660 said:
And that is significant because?
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because you brought up Ohio when dealing with a candidate from another state-I have no idea what sort of sin taxes Taxachussettes has
 
Re: Romney's tax rate is only half as high as the middle class pays

MaggieD said:
Absolutely ridiculous. I'm done here. Dream on, Team.
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The data is right there. Do you have any data that contradicts it at all?
 
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Re: Romney's tax rate is only half as high as the middle class pays

teamosil said:
Again, how many times have we gone over list after list of things where the rich benefit far more from society than other people do? But you aren't able to come up with a counter argument, so instead you just blurt out irrelevant rhetoric. Fail. Again. But guess what, you'll be back tomorrow asserting the same exact thing again like this didn't happen won't you?
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again speculation-most of that list is crap without any supporting documentation

like the "rich benefit more from wars" I don't benefit from wars. Or we have "more to lose" which is why we have insurance etc. stuff you all just make up in order to justify parasitic tax schemes on those who are more industrious than you are.

in fact we can prove more direct use of government services by the poor. Foodstamps, etc go ahead and PROVE your claims-you cannot
 
Re: Romney's tax rate is only half as high as the middle class pays

teamosil said:
Show me where he said it was just federal or admit you're lying.
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show me where by his statement he didn't mean just federal?
It seems that many of us understood he was talking federal taxes.

Can't wait till Pelosi or Reid makes any comments. If they don't specify exactly what taxes they are talking about, guess we can all stay confused.
:)
 
Re: Romney's tax rate is only half as high as the middle class pays

mike2810 said:
show me where by his statement he didn't mean just federal?
It seems that many of us understood he was talking federal taxes.

Can't wait till Pelosi or Reid makes any comments. If they don't specify exactly what taxes they are talking about, guess we can all stay confused.
:)
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where teamosil failed was his claim that Romney meant ALL OF HIS TAXES and clearly it was INCOME Taxes.

now anyone who actually understands the context of his comments knows he was talking about federal income taxes where capital gains and dividend income is taxed at 15% for the top payers because that is the rate he referenced and immediately qualified it by saying he had mostly investment income
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
where teamosil failed was his claim that Romney meant ALL OF HIS TAXES and clearly it was INCOME Taxes.

now anyone who actually understands the context of his comments knows he was talking about federal income taxes where capital gains and dividend income is taxed at 15% for the top payers because that is the rate he referenced and immediately qualified it by saying he had mostly investment income
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from the article in the OP


Romney said his annual income is "overwhelmingly from investments" rather than ordinary income, which is taxed at a higher rate.

that clearly is a reference to the federal income tax

If you look at the Mass. tax rate you can see he was obviously referring to federal taxes
 
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
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How can you reply to a study that doesn't release how they calculate their figures? How can they figure state and local taxes into the model and apply it the entire country when those tax laws vary by state/district? Using total FEDERAL effective tax rates is relevant considering that is the only policy the person running for office can effect. When advocating for changes in tax policy it does not make sense for presidential candidates to incorporate state and local taxes as they are varied and out of federal control. I'd like it if you could find a study that isn't from:

CTJ fights for:

Fair taxes for middle and low-income families
Requiring the wealthy to pay their fair share
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What exactly are you arguing by incorporating every government tax/fee under the sun? That all taxes (property, excise, sales, FICA, disability) and fees (vehicle registration etc.) should be progressive? It seems your main beef is with the long-term capital gains tax. Are you advocating that there should be no difference between short-term and long-term capital gains? That investments held over a year be taxed the same as trades made within a month?

Keep in mind Romney is 64 years old. Throughout his working career, if he was earning top-bracket income it was taxed at 35%. Most people at that age rely on a fixed income from their retirement accounts or social security.
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
again speculation-most of that list is crap without any supporting documentation

like the "rich benefit more from wars" I don't benefit from wars. Or we have "more to lose" which is why we have insurance etc. stuff you all just make up in order to justify parasitic tax schemes on those who are more industrious than you are.

in fact we can prove more direct use of government services by the poor. Foodstamps, etc go ahead and PROVE your claims-you cannot
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DO i really need to list off all the ways the benefit more yet again? They benefit from the education of all their employees, where the individual only benefits from their own education. They make millions of dollars because our country has a strong consumer base. They utilize the infrastructure radically more heavily. Having a stable currency benefits them far more. Law and order. Etc.

If you can refute any of it please go ahead. Otherwise, stop pretending you didn't know any better.
 
Re: Romney's tax rate is only half as high as the middle class pays

mike2810 said:
show me where by his statement he didn't mean just federal?
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If I had a dog and a cat, and I said "my pets are hungry" would you assume I just meant my dog?
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
because you brought up Ohio when dealing with a candidate from another state-I have no idea what sort of sin taxes Taxachussettes has
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Well about ten seconds on google:

[h=4]What store sales are tax-exempt?[/h]
The following items sold in stores are not taxable.Beverages: Beverages sold in unopened original containers for off-premises consumption, whether purchased separately or in combination with other foods.Prepackaged snacks and prepackaged baked goods: Items such as popcorn, chips, candy, ice cream, prepackaged pastries, novelties, etc. for off-premises consumption. Prepackaged means packaged in a sealed, unopened original container intended and marked by the manufacturer for individual sale.

A Guide to Sales Tax on Meals - Massachusetts Department of Revenue - Mass.Gov​
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Re: Romney's tax rate is only half as high as the middle class pays

teamosil said:
DO i really need to list off all the ways the benefit more yet again? They benefit from the education of all their employees, where the individual only benefits from their own education. They make millions of dollars because our country has a strong consumer base. They utilize the infrastructure radically more heavily. Having a stable currency benefits them far more. Law and order. Etc.

If you can refute any of it please go ahead. Otherwise, stop pretending you didn't know any better.
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that is such lame crap-we can find educated employees overseas-that education benefits the workers more than company owners. again you are just making stuff up to justify taking more wealth from other people.

I don't need to refute something that you cannot prove. you made that moronic claim in order to justify what is essentially nothing more than a position based on envy and class hatred. You go ahead and try to claim that Romney uses more stuff paid for my the millions he pays in income tax than the tens of millions who pay NO income taxes
 
Re: Romney's tax rate is only half as high as the middle class pays

winston53660 said:
Well about ten seconds on google:
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NOt relevant-nice try but not relevant. the point is (and you missed) is that different states have different taxes and claiming that "the poor" pay more taxes percentage wise than Romney because one incorporate state taxes requires an analysis of each state
 
Re: Romney's tax rate is only half as high as the middle class pays

Rhapsody1447 said:
How can you reply to a study that doesn't release how they calculate their figures?
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I've seen the totals for combined state and federal dozens of times. They're always the same except for a minor variance by year. If you have any figures that contradict these, by all means lets see them. I never have.

Rhapsody1447 said:
How can they figure state and local taxes into the model and apply it the entire country when those tax laws vary by state/district?
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By averaging.

Rhapsody1447 said:
What exactly are you arguing by incorporating every government tax/fee under the sun? That all taxes (property, excise, sales, FICA, disability) and fees (vehicle registration etc.) should be progressive?
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I'm incorporating all taxes because that's the actual tax burden and I don't see any reason to intentionally distort it to make it look like one group is paying more of the taxes than they are by leaving some out randomly...

Rhapsody1447 said:
It seems your main beef is with the long-term capital gains tax. Are you advocating that there should be no difference between short-term and long-term capital gains? That investments held over a year be taxed the same as trades made within a month?
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I think all types of income should be taxed as income. No special breaks for rich investors.

Rhapsody1447 said:
Keep in mind Romney is 64 years old. Throughout his working career, if he was earning top-bracket income it was taxed at 35%. Most people at that age rely on a fixed income from their retirement accounts or social security.
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No, he was paid primarily as "carried interest" by Bain anyways. I doubt he made even 5% of his lifetime money as wages.
 
Re: Romney's tax rate is only half as high as the middle class pays

teamosil said:
If I had a dog and a cat, and I said "my pets are hungry" would you assume I just meant my dog?
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Nice Diversion-if he said my dog is hungry it might mean his cocker spaniel, it might mean his beagle but it wouldn't mean his tortoise or his hare and that is what you claimed

and if he said my 100 pound dog is hungry that would exclude the small ones

his comments were

1) LIMITED TO INCOME TAX

2) CLEARLY refer to FEDERAL INCOME tax due to the rates
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
that is such lame crap-we can find educated employees overseas-that education benefits the workers more than company owners. again you are just making stuff up to justify taking more wealth from other people.
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LOL. So the rich could benefit from another society instead of this one? That's your argument? Fail.

Again, until you come up with a counter argument, stop repeating your claims that you can't defend.
 
Re: Romney's tax rate is only half as high as the middle class pays

teamosil said:
I think all types of income should be taxed as income. No special breaks for rich investors.

.
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lets be honest, you just want the rich to pay even more

the people getting special breaks are everyone BUT THE RICH
 
Re: Romney's tax rate is only half as high as the middle class pays

teamosil said:
LOL. So the rich could benefit from another society instead of this one? That's your argument? Fail.

Again, until you come up with a counter argument, stop repeating your claims that you can't defend.
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I have proven you lied on this thread

I suggest the only fail is you. and when you got tuned up for lying you start making idiotic personal attacks like claiming I am immoral for opposing progressive taxes
 
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