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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

It has become painfully obvious that never once in all these discussions about capital gains have the defenders of the discriminatory preferences which mainly benefit the rich have ever provided any reasons why salaried workers should support allowing such discrimination to go on. Not once.

And even now after being challenged hundreds of times they are still impotent to provide a reasonable case why someone making $600,000 in salary should pay 35% while someone making the same amount in capital gains should pay 15%.

Or maybe today is that day?
 
Re: Romney's tax rate is only half as high as the middle class pays

j-mac said:
So, profit is a bad thing to you?
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No of course not. Where did you get that idea from?

j-mac said:
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.

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.
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So explain again why you think we should tax working much more heavily than investing?
 
Re: Romney's tax rate is only half as high as the middle class pays

haymarket said:
It has become painfully obvious that never once in all these discussions about capital gains have the defenders of the discriminatory preferences which mainly benefit the rich have ever provided any reasons why salaried workers should support allowing such discrimination to go on. Not once.

And even now after being challenged hundreds of times they are still impotent to provide a reasonable case why someone making $600,000 in salary should pay 35% while someone making the same amount in capital gains should pay 15%.

Or maybe today is that day?
Click to expand...

from j-mac


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.
Click to expand...

I have no idea what constitution you follow, but the US Constitution guarantees no such thing. It looks like we have just discovered the crux of the fatal error the right makes.
 
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Re: Romney's tax rate is only half as high as the middle class pays

teamosil said:
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?
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massive fail

there should be no tax on income

and its childish to claim those who pay millions are getting a break when half the country pays no income tax despite using government services at much higher rates than that one percent who pays 40% of the income taxes

and spending on the bottom 50% is what costs trillions


the rich pay more than their fair share. When the other classes start doing that maybe your petulant whining about the rich getting some sort of "Break" might have some merit.
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
massive fail

there should be no tax on income

and its childish to claim those who pay millions are getting a break when half the country pays no income tax despite using government services at much higher rates than that one percent who pays 40% of the income taxes

and spending on the bottom 50% is what costs trillions


the rich pay more than their fair share. When the other classes start doing that maybe your petulant whining about the rich getting some sort of "Break" might have some merit.
Click to expand...

And still no logical defense of the discriminatory preferences for capital gains.
 
Re: Romney's tax rate is only half as high as the middle class pays

the wealth stealers base their claims on their assumptions that

1) the rich should pay much higher rates than everyone else

2) if the rich are not paying much higher rates than everyone else they are getting breaks



until other groups pay more of the income tax than their share of the income than all this ranting about the rich getting breaks is moronic. right now the top one percent are the only taxpayers who PAY MORE of the income tax burden than their share of the income
 
Re: Romney's tax rate is only half as high as the middle class pays

haymarket said:
And still no logical defense of the discriminatory preferences for capital gains.
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that is because you operate on the assumption that the rich should pay both more money and higher rates on all types of taxes on income

and there have been several postings of why capital gains are treated differently than earned income and you just pretend they don't exist

there is no logical defense of the argument that the rich get breaks when they pay so much more than others and GET NOTHING additional in return
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
the wealth stealers base their claims on their assumptions that

1) the rich should pay much higher rates than everyone else

2) if the rich are not paying much higher rates than everyone else they are getting breaks



until other groups pay more of the income tax than their share of the income than all this ranting about the rich getting breaks is moronic. right now the top one percent are the only taxpayers who PAY MORE of the income tax burden than their share of the income
Click to expand...

Do you understand the basic concept that a person making $600K per year pays 35% on the salary while a person making $600L per year in capital gains pays 15% on that same amount of money?

And if you do understand that reality, how in heavens name can you make statements about paying MORE when they are paying LESS?

Can you answer that please?
 
Re: Romney's tax rate is only half as high as the middle class pays

haymarket said:
And even now after being challenged hundreds of times they are still impotent to provide a reasonable case why someone making $600,000 in salary should pay 35% while someone making the same amount in capital gains should pay 15%.
Or maybe today is that day?
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We expect it to be obvious to you. They pay these rates because the current laws demand these rates…Why do you think they are wrong? And more importantly what are you etal going to do to change it? This rich/poor conflict has been going on for way over 100 years and it remains.
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
that is because you operate on the assumption that the rich should pay both more money and higher rates on all types of taxes on income

and there have been several postings of why capital gains are treated differently than earned income and you just pretend they don't exist

there is no logical defense of the argument that the rich get breaks when they pay so much more than others and GET NOTHING additional in return
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And every time you lie about that I challenge you to link to these phantom pretend imaginary supposed arguments and you are impotent to do so.

Just like this time.
 
Re: Romney's tax rate is only half as high as the middle class pays

Dickieboy said:
We expect it to be obvious to you. They pay these rates because the current laws demand these rates…Why do you think they are wrong? And more importantly what are you etal going to do to change it? This rich/poor conflict has been going on for way over 100 years and it remains.
Click to expand...

Aha. Another defender standing impotent to defend the discriminatory preferential tax rates on capital gains that benefit mostly the wealthy.

This is getting very revealing. A site about DEBATE where the defenders of the status quo cannot even debate.
 
Re: Romney's tax rate is only half as high as the middle class pays

teamosil said:
No of course not. Where did you get that idea from?
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Your own words.

So explain again why you think we should tax working much more heavily than investing?
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I don't. I do not believe that taxation on income should be taxed at all. Only that which is spent for goods or services should be enough to fund the specific enumerated powers of the federal government. Everything else should be a states issue. Period.

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

TurtleDude said:
massive fail
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So do I understand correctly that you now acknowledge that your silly "envy" rant has no actual weight in the discussion? Or do you have some defense of the position that we should keep giving tax breaks to the super rich because you feel like people on this forum here are envious?

TurtleDude said:
there should be no tax on income
Click to expand...

Yes I know, you want purely regressive taxes. For no particular reason other than because you think taxing the poor more than the rich is cool. But that isn't relevant here. Here we are discussing whether investors should get lower tax rates than people who work.

TurtleDude said:
and its childish to claim those who pay millions are getting a break when half the country pays no income tax despite using government services at much higher rates than that one percent who pays 40% of the income taxes
Click to expand...

Ok, here is the first thing you need to tatoo on your arm- "everybody pays taxes, the average American pays 27%". It'd save us all a lot of time and frustration if you could just remember that.

TurtleDude said:
and spending on the bottom 50% is what costs trillions
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Oops, you forget that you already have faced the arguments that the rich, not the bottom 50%, draw far more benefit from society, and failed to come up with a counter argument. So, unless you have one now, you lose. Still.

TurtleDude said:
the rich pay more than their fair share. When the other classes start doing that maybe your petulant whining about the rich getting some sort of "Break" might have some merit.
Click to expand...

Actually, no. The point of this thread is that rather than paying their fair share, people like Romney actually only pay half as much as the average working person.
 
Re: Romney's tax rate is only half as high as the middle class pays

haymarket said:
Do you understand the basic concept that a person making $600K per year pays 35% on the salary while a person making $600L per year in capital gains pays 15% on that same amount of money?

And if you do understand that reality, how in heavens name can you make statements about paying MORE when they are paying LESS?

Can you answer that please?
Click to expand...

do you understand that if the person making 600K a year in salary also invests he will pay the same 15%

Do you understand that I pay far more taxes than 99% of the country and I get nothing in return above and beyond what you and others get.

Do you understand that someone making a million a year on investment income pays far more taxes than at least 99% of the country?

do you understand that the same government that claims multiple brackets on earned income is good says that only two brackets on investment income is also good?

And I wait for you to justify why a million dollar profit earned by a company has 600 thousand taken by the government
 
Re: Romney's tax rate is only half as high as the middle class pays

j-mac said:
Your own words.



I don't. I do not believe that taxation on income should be taxed at all. Only that which is spent for goods or services should be enough to fund the specific enumerated powers of the federal government. Everything else should be a states issue. Period.

j-mac
Click to expand...

Did you find that section of the US Constitution yet that you claim guarantees the pursuit of happiness?
 
Re: Romney's tax rate is only half as high as the middle class pays

teamosil said:
So do I understand correctly that you now acknowledge that your silly "envy" rant has no actual weight in the discussion? Or do you have some defense of the position that we should keep giving tax breaks to the super rich because you feel like people on this forum here are envious?



Yes I know, you want purely regressive taxes. For no particular reason other than because you think taxing the poor more than the rich is cool. But that isn't relevant here. Here we are discussing whether investors should get lower tax rates than people who work.



Ok, here is the first thing you need to tatoo on your arm- "everybody pays taxes, the average American pays 27%". It'd save us all a lot of time and frustration if you could just remember that.



Oops, you forget that you already have faced the arguments that the rich, not the bottom 50%, draw far more benefit from society, and failed to come up with a counter argument. So, unless you have one now, you lose. Still.



Actually, no. The point of this thread is that rather than paying their fair share, people like Romney actually only pay half as much as the average working person.
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this lie has been debunked dozens of times

Romeny pays federal income tax rates of 15% on investment income. the average working person pays an income tax rate of less than ten percent.

stop lying
 
Re: Romney's tax rate is only half as high as the middle class pays

j-mac said:
Your own words.
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Quote please.

j-mac said:
I don't. I do not believe that taxation on income should be taxed at all. Only that which is spent for goods or services should be enough to fund the specific enumerated powers of the federal government. Everything else should be a states issue. Period.
Click to expand...

Ok. So you have no defense of a system where investors pay lower rates than people who work. If you'd like, feel free to start another thread on the role of federal government.
 
Re: Romney's tax rate is only half as high as the middle class pays

haymarket said:
Aha. Another defender standing impotent to defend the discriminatory preferential tax rates on capital gains that benefit mostly the wealthy.

This is getting very revealing. A site about DEBATE where the defenders of the status quo cannot even debate.
Click to expand...

Revealing? you want revealing? How many times have I asked tonight for you to explain what is discriminatory about the cap gains tax, and you absolutely ignore that all together in favor of repeating your inane one liner as ad hom attack....

My conclusion is that you can not explain it and are resorting to childish repetition, there fore you have already lost your argument and are worthy of no more response until you answer the question.

j-mac
 
from Turtle Dude

do you understand that if the person making 600K a year in salary also invests he will pay the same 15%
Click to expand...

I don't care if they use it for toilet paper. Its irrelevant what they do with it after they pay the 35% while others pay less than half on the same money.

Do you understand that I pay far more taxes than 99% of the country and I get nothing in return above and beyond what you and others get.
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Since you are not suppose to- its irrelevant.

Do you understand that someone making a million a year on investment income pays far more taxes than at least 99% of the country?
Click to expand...

And someone getting the same amount in salary pays more than twice that on the same money.

do you understand that the same government that claims multiple brackets on earned income is good says that only two brackets on investment income is also good?
Click to expand...

So what?

And I wait for you to justify why a million dollar profit earned by a company has 600 thousand taken by the government
Click to expand...

If you show me the company with appropriate verifiable links and evidence, I will be happy to answer that question.
 
Re: Romney's tax rate is only half as high as the middle class pays

haymarket said:
Aha. Another defender standing impotent to defend the discriminatory preferential tax rates on capital gains that benefit mostly the wealthy.

This is getting very revealing. A site about DEBATE where the defenders of the status quo cannot even debate.
Click to expand...


Because I thought this to be so eloquent I think this is an appropriate place for its modified usage…

It is another insult to state that those who disagree with left (sic) wing goals and policies lack intellect or insight. Again, this is a disgusting and pathetic attempt to paint your ideological enemies as unintelligent as you true believers are. Why don't you deal with the actual policies being discussed instead of attacking those who disagree with you painting them as 'unsuccessful' - a charge which you have no information which to make that judgment, or lacking intellect or intelligence which is just plain silly given my educational attainment, career, and ability to show you where you are in serious error


Thank you for that...:peace
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
this lie has been debunked dozens of times

Romeny pays federal income tax rates of 15% on investment income. the average working person pays an income tax rate of less than ten percent.

stop lying
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Lying? What are you talking about now? The average American pays approximately twice the percentage of their income in taxes as Romney does. True or false?
 
Re: Romney's tax rate is only half as high as the middle class pays

MaggieD said:
It most certainly has.
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The average American pays approximately twice the percentage of their income in taxes as Romney does. True or false?
 
Re: Romney's tax rate is only half as high as the middle class pays

j-mac said:
Revealing? you want revealing? How many times have I asked tonight for you to explain what is discriminatory about the cap gains tax, and you absolutely ignore that all together in favor of repeating your inane one liner as ad hom attack....

My conclusion is that you can not explain it and are resorting to childish repetition, there fore you have already lost your argument and are worthy of no more response until you answer the question.

j-mac
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Are you for real? Are you really claiming that you have not read any posts from me saying that a person who makes $600K in salary pays over twice what a person making $600K in capital gains pays and that is on its face discriminatory and a blatant preference?

That is the perfect example of a discriminatory preference and I cannot imagine any rational person would deny it. The question becomes how can you justify it?

How are you doing on that section of the Constitution you claim guarantees the pursuit of happiness?

Amazing!!!!!
 
Re: Romney's tax rate is only half as high as the middle class pays

there we have it, 600,000 taken from a million is what the left considers "fair"

that is the attitude we are dealing with
 
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