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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

Preliminary findings do no suggest much of a correlation between top tax rates and income taxes as a percentage of federal receipts. As you can see below, beginning in 1944 and progressing to current tax year data the individual income tax has netted between 40-50% of total federal receipts.

Year - Ind. Income Tax portion of total receipts - Top tax rate
1935 14.6% 63.0%
1936 17.2% 79.0%
1937 20.3% 79.0%
1938 19.0% 79.0%
1939 16.3% 79.0%
1940 13.6% 81.1%
1941 15.1% 81.0%
1942 22.3% 88.0%
1943 27.1% 88.0%
1944 45.0% 94.0%
1945 40.7% 94.0%
1946 41.0% 86.5%
1947 46.6% 86.5%
1948 46.5% 82.1%
1949 39.5% 82.1%
1950 39.9% 91.0%
1951 41.9% 91.0%
1952 42.2% 92.0%
1953 42.8% 92.0%
1954 42.4% 91.0%
1955 43.9% 91.0%
1956 43.2% 91.0%
1957 44.5% 91.0%
1958 43.6% 91.0%
1959 46.3% 91.0%
1960 44.0% 91.0%
1961 43.8% 91.0%
1962 45.7% 91.0%
1963 44.7% 91.0%
1964 43.2% 77.0%
1965 41.8% 70.0%
1966 42.4% 70.0%
1967 41.3% 70.0%
1968 44.9% 75.3%
1969 46.7% 77.0%
1970 46.9% 71.8%
1971 46.1% 70.0%
1972 45.7% 70.0%
1973 44.7% 70.0%
1974 45.2% 70.0%
1975 43.9% 70.0%
1976 44.2% 70.0%
1977 44.3% 70.0%
1978 45.3% 70.0%
1979 47.0% 70.0%
1980 47.2% 70.0%
1981 47.7% 69.1%
1982 48.2% 50.0%
1983 48.1% 50.0%
1984 44.8% 50.0%
1985 45.6% 50.0%
1986 45.4% 50.0%
1987 46.0% 38.5%
1988 44.1% 28.0%
1989 45.0% 28.0%
1990 45.2% 31.0%
1991 44.3% 31.0%
1992 43.6% 31.0%
1993 44.2% 39.6%
1994 43.1% 39.6%
1995 43.7% 39.6%
1996 45.2% 39.6%
1997 46.7% 39.6%
1998 48.1% 39.6%
1999 48.1% 39.6%
2000 49.6% 39.6%
2001 49.9% 38.6%
2002 46.3% 38.6%
2003 44.5% 35.0%
2004 43.0% 35.0%
2005 43.1% 35.0%
2006 43.4% 35.0%
2007 45.3% 35.0%
2008 45.4% 35.0%
2009 43.5% 35.0%
2010 41.5% 35.0%
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
that's a great way to base tax policy-asking the bottom rung who should pay more
Click to expand...


what do you suggest then? Keep things as they are and just let the "poor' starve to death, guess that would solve the problem right?
 
Re: Romney's tax rate is only half as high as the middle class pays

Higgins86 said:
what do you suggest then? Keep things as they are and just let the "poor' starve to death, guess that would solve the problem right?
Click to expand...

taxing the rich more doesn't change anything. it only gives the government more money (sometimes) to waste. have you ever figured out which political party is benefited the most by having lots of people poor and dependent on the government
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
taxing the rich more doesn't change anything. it only gives the government more money (sometimes) to waste. have you ever figured out which political party is benefited the most by having lots of people poor and dependent on the government
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so your answer is keep things as they are ( or even tax the rich less i would guess)...good to know
 
Re: Romney's tax rate is only half as high as the middle class pays

Higgins86 said:
so your answer is keep things as they are ( or even tax the rich less i would guess)...good to know
Click to expand...

wrong-I propose getting rid of the massive federal welfare state. Its not proper under the constitution and what it mainly does is create legions of addicts.
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
wrong-I propose getting rid of the massive federal welfare state. Its not proper under the constitution and what it mainly does is create legions of addicts.
Click to expand...

ok so how are you going to feed the people? Are you going to raise the min wage because as I already stated food and gas prices are climbing every year?
 
Re: Romney's tax rate is only half as high as the middle class pays

TNAR said:
Preliminary findings do no suggest much of a correlation between top tax rates and income taxes as a percentage of federal receipts. As you can see below, beginning in 1944 and progressing to current tax year data the individual income tax has netted between 40-50% of total federal receipts.

Year - Ind. Income Tax portion of total receipts - Top tax rate
1935 14.6% 63.0%
1936 17.2% 79.0%
1937 20.3% 79.0%
1938 19.0% 79.0%
1939 16.3% 79.0%
1940 13.6% 81.1%
1941 15.1% 81.0%
1942 22.3% 88.0%
1943 27.1% 88.0%
1944 45.0% 94.0%
1945 40.7% 94.0%
1946 41.0% 86.5%
1947 46.6% 86.5%
1948 46.5% 82.1%
1949 39.5% 82.1%
1950 39.9% 91.0%
1951 41.9% 91.0%
1952 42.2% 92.0%
1953 42.8% 92.0%
1954 42.4% 91.0%
1955 43.9% 91.0%
1956 43.2% 91.0%
1957 44.5% 91.0%
1958 43.6% 91.0%
1959 46.3% 91.0%
1960 44.0% 91.0%
1961 43.8% 91.0%
1962 45.7% 91.0%
1963 44.7% 91.0%
1964 43.2% 77.0%
1965 41.8% 70.0%
1966 42.4% 70.0%
1967 41.3% 70.0%
1968 44.9% 75.3%
1969 46.7% 77.0%
1970 46.9% 71.8%
1971 46.1% 70.0%
1972 45.7% 70.0%
1973 44.7% 70.0%
1974 45.2% 70.0%
1975 43.9% 70.0%
1976 44.2% 70.0%
1977 44.3% 70.0%
1978 45.3% 70.0%
1979 47.0% 70.0%
1980 47.2% 70.0%
1981 47.7% 69.1%
1982 48.2% 50.0%
1983 48.1% 50.0%
1984 44.8% 50.0%
1985 45.6% 50.0%
1986 45.4% 50.0%
1987 46.0% 38.5%
1988 44.1% 28.0%
1989 45.0% 28.0%
1990 45.2% 31.0%
1991 44.3% 31.0%
1992 43.6% 31.0%
1993 44.2% 39.6%
1994 43.1% 39.6%
1995 43.7% 39.6%
1996 45.2% 39.6%
1997 46.7% 39.6%
1998 48.1% 39.6%
1999 48.1% 39.6%
2000 49.6% 39.6%
2001 49.9% 38.6%
2002 46.3% 38.6%
2003 44.5% 35.0%
2004 43.0% 35.0%
2005 43.1% 35.0%
2006 43.4% 35.0%
2007 45.3% 35.0%
2008 45.4% 35.0%
2009 43.5% 35.0%
2010 41.5% 35.0%
Click to expand...

Now add in the cuts to Estate taxes, Capital gains and Dividends and compare that with our National debt during the same period. Also, I still look forward to you showing anytime other than the 90's in the last 30 years when we have significantly reduced the deficit.
 
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Re: Romney's tax rate is only half as high as the middle class pays

Higgins86 said:
ok so how are you going to feed the people? Are you going to raise the min wage because as I already stated food and gas prices are climbing every year?
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It is not the responsibility of government to feed the people.
 
Re: Romney's tax rate is only half as high as the middle class pays

Higgins86 said:
ok so how are you going to feed the people? Are you going to raise the min wage because as I already stated food and gas prices are climbing every year?
Click to expand...

is it your claim that jacking up taxes on the top one percent "feeds the people"
 
Re: Romney's tax rate is only half as high as the middle class pays

TNAR said:
It is not the responsibility of government to feed the people.
Click to expand...


well it is if they want to keep a stable working country! You cut off those millions who right now sit below the poverty line then you will see civil unrest, 1918 Moscow guess what happened next?
 
Re: Romney's tax rate is only half as high as the middle class pays

TNAR said:
It is not the responsibility of government to feed the people.
Click to expand...

He is talking about the only feasible alternative to the government feeding people, workers being paid a living wage. Unless you want to go the third route, millions willing to cut your throat for a loaf of bread.
 
Re: Romney's tax rate is only half as high as the middle class pays

Catawba said:
All the rates will have to be returned to 1990 levels if we are ever to address our debt.
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why? did we collect more in 1990 than at other times?

tax-rates-federal-revenues.jpg
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
is it your claim that jacking up taxes on the top one percent "feeds the people"
Click to expand...


No it wasn't and your dodging the question, if you end Federal support how do you propose to feed the poor?
 
Re: Romney's tax rate is only half as high as the middle class pays

Higgins86 said:
No it wasn't and your dodging the question, if you end Federal support how do you propose to feed the poor?
Click to expand...

you gradually have to wean people off the addictions-just like a heroin addict but tell me, this thread is about bashing Romney and the rates on capital gains. raising taxes on capital gains will not feed anyone
 
Re: Romney's tax rate is only half as high as the middle class pays

Higgins86 said:
ok so how are you going to feed the people?
Click to expand...
Hm. That sounds like a question that a zoo keeper might ask.

In general, unless they are pets or prisoners, I would expect people to figure out how to feed themselves. For those individuals who can't cope, I would suggest that the federal government is not the appropriate tool for the job of keeping them alive.
 
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Re: Romney's tax rate is only half as high as the middle class pays

Centinel said:
Hm. That sounds like a question that a zoo keeper might ask.

In general, unless they are pets or prisoners, I would expect people to figure out how to feed themselves. For those individuals who can't cope, I would suggest that the federal government is not the appropriate tool for the job.
Click to expand...

when I was a kid I was an avid amateur ornithologist. We set up several feeding stations to watch various birds. I remember reading books on the subject and the experts noted that once you start feeding the birds in the winter, you must continue to feed them at least until the summer. If you started feeding them in the fall and stopped in March, most of the birds coming to the feeder would starve because they became dependent on the feeders
 
Re: Romney's tax rate is only half as high as the middle class pays

cpwill said:
why? did we collect more in 1990 than at other times?

tax-rates-federal-revenues.jpg
Click to expand...

Show me any other time in the last 30 years when we reduced our budget deficit as much as we did in the 90's when both sides came together to cut spending and increase taxes?
 
Re: Romney's tax rate is only half as high as the middle class pays

Centinel said:
Hm. That sounds like a question that a zoo keeper might ask.

In general, unless they are pets or prisoners, I would expect people to figure out how to feed themselves. For those individuals who can't cope, I would suggest that the federal government is not the appropriate tool for the job of keeping them alive.
Click to expand...


stop talking rubbish.... and your right if you leave people to fend for themselves they will find a way to feed themselves but the middle and upper classes are not going to like how they do it!
 
Re: Romney's tax rate is only half as high as the middle class pays

Catawba said:
Now add in the cuts to Estate taxes, Capital gains and Dividends and compare that with our National debt during the same period.
Click to expand...

Definitely. This will take more time than I have right this second, however.

Catawba said:
Also, I still look forward to you showing anytime other than the 90's in the last 30 years when we have significantly reduced the deficit.
Click to expand...

I don't think we have really ever significantly reduced the deficit with exception to when the entire debt was amazingly paid off during the Jackson administration.

As I said, 1969 was the last time there was a surplus so we'll start there (surpluses are in bold, 2005 dollars):

1969 17.2
1970 -14.3
1971 -108.0
1972 -102.4
1973 -61.8
1974 -23.4
1975 -184.3
1976 -236.5
1977 -159.2
1978 -165.0
1979 -104.4
1980 -171.0
1981 -164.9
1982 -249.2
1983 -385.3
1984 -326.6
1985 -361.8
1986 -367.5
1987 -241.1
1988 -242.5
1989 -230.1
1990 -323.2
1991 -375.9
1992 -390.4
1993 -334.0
1994 -261.2
1995 -205.1
1996 -131.3
1997 -26.2
1998 82.1
1999 146.8
2000 269.5
2001 142.7
2002 -172.7
2003 -402.8
2004 -428.0
2005 -318.3
2006 -239.6
2007 -150.9
2008 -415.5
2009 -1,274.0
2010 -1,147.7

But again, when you factor in outlays and realize that total spending was reduced only once throughout this entire period it makes little difference what the tax rates are. Even more damning, the surpluses made no difference because the total debt increased throughout this entire period.
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
when I was a kid I was an avid amateur ornithologist. We set up several feeding stations to watch various birds. I remember reading books on the subject and the experts noted that once you start feeding the birds in the winter, you must continue to feed them at least until the summer. If you started feeding them in the fall and stopped in March, most of the birds coming to the feeder would starve because they became dependent on the feeders
Click to expand...


except your actually talking about actual people not birds, your so out of touch its unreal!
 
Re: Romney's tax rate is only half as high as the middle class pays

Higgins86 said:
except your actually talking about actual people not birds, your so out of touch its unreal!
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NOt at all-just making a point that you seem to miss. when people become dependent on someone else feeding them, they tend to lose the ability or desire to feed themselves, which of course is what big government turds want
 
Re: Romney's tax rate is only half as high as the middle class pays

Centinel said:
I would expect people to figure out how to feed themselves.
Click to expand...

And I would suppose with more people than jobs, without a living wage or government assistance, like animals, they will kill those with food to prevent starvation.

Great plan you've got there!
 
Re: Romney's tax rate is only half as high as the middle class pays

Catawba said:
And I would suppose with more people than jobs, without a living wage or government assistance, like animals, they will kill those with food to prevent starvation.

Great plan you've got there!
Click to expand...

You lefties keep threatening violence

trust me catawba, that's not a game you want to play. You will lose
 
Re: Romney's tax rate is only half as high as the middle class pays

Higgins86 said:
stop talking rubbish.... and your right if you leave people to fend for themselves they will find a way to feed themselves but the middle and upper classes are not going to like how they do it!
Click to expand...
Sounds intriguing. Care to elaborate?
 
Re: Romney's tax rate is only half as high as the middle class pays

TNAR said:
Definitely. This will take more time than I have right this second, however.



I don't think we have really ever significantly reduced the deficit with exception to when the entire debt was amazingly paid off during the Jackson administration.
Click to expand...

I already documented above that we did.
 
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