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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

Catawba said:
So what proof do you have that slightly higher capital gains tax rate hurts economic growth? And, how does the higher national debt that results from the lower capital gains rate help our economy?
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AND YOU cannot prove that lower rates hurt the economy. but I can tell you as an investor higher taxes hurt me and I tire of people with no skin in the game telling me I ought to pay more.

If you do not pay at least 200K a year in taxes you have absolutely no credibility telling those of us who do that we ought to pay more. We already subsidize government services for you
 
Re: Romney's tax rate is only half as high as the middle class pays

haymarket said:
Why should the American people support a law and system which permits one person earning $800K and paying a tax rate of 35% with a tax bill of $280,000.00 while another person earns $800K and pays a tax rate of 15% and a tax bill of 120,000 if all other conditions are equal other than the source of the money?

How is that not discriminatory?
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why should I allow my money to feed and clothe ingrates who want me to pay them more and more?

HOW is that not discriminatory. and what is funny is those whining about investment income are not people with 800K salaries-they are already investing. Its people who will never achieve that level of success pretending to defend someone of that talent
 
Re: Romney's tax rate is only half as high as the middle class pays

haymarket said:
Why should the American people support a law and system which permits one person earning $800K and paying a tax rate of 35% with a tax bill of $280,000.00 while another person earns $800K and pays a tax rate of 15% and a tax bill of 120,000 if all other conditions are equal other than the source of the money?

How is that not discriminatory?
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You have asked and I have answered this REPEATEDLY. Since you obviously feel taxing cap gains at different rates is discriminatory and I do not at this stage I am compelled to merely agree to disagree.

Now, since I have played your Greg/Wesley game please refer to the unanswered question directed at you below.

Dickieboy said:
Please show where I told ‘Bartlet’ what to do with his money. I stated “he should discuss” which in no way “tells (sic) people what to do with their money” or is “attempting to play God or social engineer and tell somebody how they should allocate their money” (really 'over-the-top' response imho).
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Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
left wing moronisms being claims that average workers pay higher rates than top one percent taxpayers or that state taxes somehow are relevant when discussing federal taxes
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"We found that a typical taxpayer with $50,000 in income pays 22 to 23 percent in income and payroll taxes."
PolitiFact | Barack Obama says construction workers pay higher tax rate than someone earning $50 million a year

"Romney says he is taxed at around 15 percent rate"
Romney says he is taxed at around 15 percent rate | Reuters
 
Re: Romney's tax rate is only half as high as the middle class pays

Catawba said:
"We found that a typical taxpayer with $50,000 in income pays 22 to 23 percent in income and payroll taxes."
PolitiFact | Barack Obama says construction workers pay higher tax rate than someone earning $50 million a year

"Romney says he is taxed at around 15 percent rate"
Romney says he is taxed at around 15 percent rate | Reuters
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more idiocy. the progressive rates are not relevant when dealing with non-progressive taxes

Romney pays 15% or more federal income tax rates. What Obama says is idiotic and once again, like other lefties, you want to compare everyones total tax bill with income tax rates of the rich

that is blatantly dishonest, someone making 50K pays less than 8% in an effective federal income tax rate
 
Re: Romney's tax rate is only half as high as the middle class pays

Dickieboy said:
Tsk, tsk...what about the rest of the quote?
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the blatant dishonesty from these tax hikers is outrageous.
 
Re: Romney's tax rate is only half as high as the middle class pays

Dickieboy said:
Tsk, tsk...what about the rest of the quote?
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It doesn't apply to those who get their income primarily from investments like Romney, who has admitted he pays about a 15% tax rate.
 
Re: Romney's tax rate is only half as high as the middle class pays

Catawba said:
It doesn't apply to those who get their income primarily from investments like Romney, who has admitted he pays about a 15% tax rate.
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stop lying-you neglect to include the other taxes Romney pays
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
more idiocy. the progressive rates are not relevant when dealing with non-progressive taxes

Romney pays 15% or more federal income tax rates. What Obama says is idiotic and once again, like other lefties, you want to compare everyones total tax bill with income tax rates of the rich

that is blatantly dishonest, someone making 50K pays less than 8% in an effective federal income tax rate
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So you have nothing to disprove the fact finding by politifact?
 
Re: Romney's tax rate is only half as high as the middle class pays

Catawba said:
So you have nothing to disprove the fact finding by politifact?
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It is irrelevant. the wealthy investors pay a higher income tax rate than people making 50,000 a year.

what one pays in non-progressive taxes matters not and trying to use them to say the tax system is not progressive enough is blatantly dishonest
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
stop lying-you neglect to include the other taxes Romney pays
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What other taxes are there in an analysis comparing the effective tax rates of income tax and payroll tax?
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
why should I allow my money to feed and clothe ingrates who want me to pay them more and more?

HOW is that not discriminatory. and what is funny is those whining about investment income are not people with 800K salaries-they are already investing. Its people who will never achieve that level of success pretending to defend someone of that talent
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Because this is not about YOU. Every discussion of national tax policy is not a debate about YOU Turtle. Even though you see all issues of taxation based on if they give you a personal tax cut or a desired preference.

The American people do NOT decide national tax policy for a nation of 311 million based on what you feel should be allowed with your money or who you hate and loathe.
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
It is irrelevant. the wealthy investors pay a higher income tax rate than people making 50,000 a year.
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I have just documented that those whose income is primarily from investments pays a lower effective tax rate than someone in the middle class making $50,000.

You have provided nothing to refute it.
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
It is irrelevant. the wealthy investors pay a higher income tax rate than people making 50,000 a year.
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And they pay a 60% lower rate than the same earners at their own level whose income was from other than capital gains.

That is clearly discriminatory.
 
Re: Romney's tax rate is only half as high as the middle class pays

Catawba said:
What other taxes are there in an analysis comparing the effective tax rates of income tax and payroll tax?
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payroll taxes as you liberals now call them were never intended to have the same progressive structure as the income tax. The only issue involves income tax rates and until someone has earned income of at least 200K you do not pay the same rates as a investor. so all this ranting is pathetic and as I noted, its not coming from high salary earners because those people, unless they are idiots, are investing some of their salary

rather its ne'er do wells who are paying less than 10% whining for the sake of whining.
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
payroll taxes as you liberals now call them were never intended to have the same progressive structure as the income tax. The only issue involves income tax rates and until someone has earned income of at least 200K you do not pay the same rates as a investor. so all this ranting is pathetic and as I noted, its not coming from high salary earners because those people, unless they are idiots, are investing some of their salary

rather its ne'er do wells who are paying less than 10% whining for the sake of whining.
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Judging others based on your own prejudices is not a substitute for evidence or a rational tax policy for 311 million people - the vast majority who have their income from wages and salary.
 
Re: Romney's tax rate is only half as high as the middle class pays

haymarket said:
And they pay a 60% lower rate than the same earners at their own level whose income was from other than capital gains.

That is clearly discriminatory.
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what is clearly discriminatory is a group of people paying 40% of the income tax while the bottom 50% pays less than 3% of the income tax

You only yap about alleged discrimination when it means people who pay millions in taxes are not paying as much as you want to soak them for while you never complain about 50% of the people paying only 3% of the income tax yet they clearly use at LEAST half of direct government spending and they drive the voting for more and more and more spending
 
Re: Romney's tax rate is only half as high as the middle class pays

haymarket said:
Judging others based on your own prejudices is not a substitute for evidence.
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the only ones with prejudices on this thread are you wealth stealers. You think its perfectly acceptable for the government to confiscate 600,000 out of a profit of a million
 
Re: Romney's tax rate is only half as high as the middle class pays

I agree that what you point out is also discriminatory. What you continue to ignore is that I provided you at least eight reasons why we discriminate on that basis and have a progressive income tax structure.
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
the only ones with prejudices on this thread are you wealth stealers. You think its perfectly acceptable for the government to confiscate 600,000 out of a profit of a million
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You call people IDIOTS and NEER DO WELLS even if they match your own income if they do not invest as you prefer they do. That is prejudice and the substitution of your own values for theirs.
 
Re: Romney's tax rate is only half as high as the middle class pays

TurtleDude said:
payroll taxes as you liberals now call them were never intended to have the same progressive structure as the income tax. The only issue involves income tax rates and until someone has earned income of at least 200K you do not pay the same rates as a investor. so all this ranting is pathetic and as I noted, its not coming from high salary earners because those people, unless they are idiots, are investing some of their salary

rather its ne'er do wells who are paying less than 10% whining for the sake of whining.
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So not being able to disprove that those that get their income primarily from investments pay lower federal tax rate than the middle class making $50,000, you now seek to move the goalpost???
 
Re: Romney's tax rate is only half as high as the middle class pays

haymarket said:
I agree that what you point out is also discriminatory. What you continue to ignore is that I provided you at least eight reasons why we discriminate on that basis and have a progressive income tax structure.
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most of which are based on a belief system I reject and on a craven political reality that there are more looters who can vote than net tax payers
 
Re: Romney's tax rate is only half as high as the middle class pays

Catawba said:
So not being able to disprove that those that get their income primarily from investments pay lower federal tax rate than the middle class making $50,000, you now seek to move the goalpost???
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you are lying again

the investors who pay an effective federal income tax rate are paying a much higher tax rate than people who make 50,000 a year
 
Re: Romney's tax rate is only half as high as the middle class pays

haymarket said:
And they pay a 60% lower rate than the same earners at their own level whose income was from other than capital gains.

That is clearly discriminatory.
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And just what risk was theer in your "income" ? In anyone's "income" ? Investment income is earned on risk. On income already taxed and exposed to risk. If you tax it more, then there are plenty of other places for it to go in this world, to still find risk/reward, but without your stupid liberal "fairness" BS.

Liberals can take their class envy and shove it up their asses. When we start runnng out of OPM (other people's money) , I only hope to God that the liberal teat suckers are the first to feel the pain of their foolish foibles. That you feel the effect of your stupidity before I do. Maybe thein you will wake up, and get off you starving asses. So help me God, you will starve from lack of my money before my own kids do.
 
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