How all of you fools argue, day in and day out, on behalf of the wealthy is hard to figure. This guy is worth more than every sucker on this forum combined and yet you tools haul the load for him and his kind. This tax rate thing will be a big thing in this election as Joe Dumb Ass figures out that he's been duped into believing this "soak the rich" crap.
How all of you fools argue, day in and day out, on behalf of the wealthy is hard to figure. This guy is worth more than every sucker on this forum combined and yet you tools haul the load for him and his kind. This tax rate thing will be a big thing in this election as Joe Dumb Ass figures out that he's been duped into believing this "soak the rich" crap.
i saw this story. my thought is i don't blame romney at all for the tax rate he paid. as long as he didn't break any laws or commit any fraud, i assume he's just working within the system. if i had romney money and was able to pay 15% while all the suckers paid nore, i'm paying 15%.
now, not everyone will see it that way and this story will probably hurt romney and benefit obama but it shouldn't.
the obvious answer is that the tax code is fucked up and favors the rich. if the rich people are buying the politicians who are writing the tax laws, one can logically expect the rich to bene fit from those laws so that the romneys and GE's of the world pay 15% or less.
so the tax laws need to changed but will it happen? people don't like biting the hand that feeds them or the hand that pays them.
i saw this story. my thought is i don't blame romney at all for the tax rate he paid. as long as he didn't break any laws or commit any fraud, i assume he's just working within the system. if i had romney money and was able to pay 15% while all the suckers paid nore, i'm paying 15%.
now, not everyone will see it that way and this story will probably hurt romney and benefit obama but it shouldn't.
the obvious answer is that the tax code is fucked up and favors the rich. if the rich people are buying the politicians who are writing the tax laws, one can logically expect the rich to bene fit from those laws so that the romneys and GE's of the world pay 15% or less.
so the tax laws need to changed but will it happen? people don't like biting the hand that feeds them or the hand that pays them.
How all of you fools argue, day in and day out, on behalf of the wealthy is hard to figure. This guy is worth more than every sucker on this forum combined and yet you tools haul the load for him and his kind. This tax rate thing will be a big thing in this election as Joe Dumb Ass figures out that he's been duped into believing this "soak the rich" crap.
Obama (-2.5) -110
Cheers
.
I know my house in Moultonborough is a lot nicer than his in Wolfeboro....... Anyway at least he pays taxes or didn't forget to pay his taxes like those in Obama's administration.
Do you invest in anything? If you did you would understand there are risks involved as nothing is a sure thing. What if people like him who have his kind of money just put it into a fund and got their 0.2% ROI at the 35% tax rate....which creates more in tax revenue? For sure his current tax rate!
I'm no Romney fan so don't judge me as liking him. Don't blame him for paying the 15% rate take that out on those who set the rate.
How all of you fools argue, day in and day out, on behalf of the wealthy is hard to figure. This guy is worth more than every sucker on this forum combined and yet you tools haul the load for him and his kind. This tax rate thing will be a big thing in this election as Joe Dumb Ass figures out that he's been duped into believing this "soak the rich" crap.
Obama (-2.5) -110
Cheers
.
I know my house in Moultonborough is a lot nicer than his in Wolfeboro....... Anyway at least he pays taxes or didn't forget to pay his taxes like those in Obama's administration.
Do you invest in anything? If you did you would understand there are risks involved as nothing is a sure thing. What if people like him who have his kind of money just put it into a fund and got their 0.2% ROI at the 35% tax rate....which creates more in tax revenue? For sure his current tax rate!
I'm no Romney fan so don't judge me as liking him. Don't blame him for paying the 15% rate take that out on those who set the rate.
How all of you fools argue, day in and day out, on behalf of the wealthy is hard to figure. This guy is worth more than every sucker on this forum combined and yet you tools haul the load for him and his kind. This tax rate thing will be a big thing in this election as Joe Dumb Ass figures out that he's been duped into believing this "soak the rich" crap.
Obama (-2.5) -110
Cheers
.
Look at me, I'm less successful than Mitt.......................
Perhaps you realize that guys like you, plumbers, cops, teachers, common schlubs have your pension monies in the same funds than Romney does and that you collectively benefit from the capital gains rate as well. So are you telling me that as a died in the blue progressive, you want to increase taxes on the 'middle class?'
How all of you fools argue, day in and day out, on behalf of the wealthy is hard to figure. This guy is worth more than every sucker on this forum combined and yet you tools haul the load for him and his kind. This tax rate thing will be a big thing in this election as Joe Dumb Ass figures out that he's been duped into believing this "soak the rich" crap.
Obama (-2.5) -110
Cheers
.
Look at me, I'm less successful than Mitt.......................
Perhaps you realize that guys like you, plumbers, cops, teachers, common schlubs have your pension monies in the same funds than Romney does and that you collectively benefit from the capital gains rate as well. So are you telling me that as a died in the blue progressive, you want to increase taxes on the 'middle class?'
Is 15% really that bad of a tax rate for investments though?
For most Americans the money that they invest has been taxed at least once.
I actually think it should be lower.
Income from investments should be taxed at the same rate as income from salary
And it should be taxed only once. If he is getting a dividend from after tax profits, that shouldn't be taxed. If his distribution is from pre-tax profits, then that should taxed.
Its simple, tax it once, but at the prevailing income tax rate
Is 15% really that bad of a tax rate for investments though?
For most Americans the money that they invest has been taxed at least once.
I actually think it should be lower.
Income from investments should be taxed at the same rate as income from salary
And it should be taxed only once. If he is getting a dividend from after tax profits, that shouldn't be taxed. If his distribution is from pre-tax profits, then that should taxed.
Its simple, tax it once, but at the prevailing income tax rate
if he paid taxes at the allowable lowest rate is that wrong?
Do you take deductions on your tax return?
If you do then you are in effect trying to lower your rate as well by using the tax code to your advantage.
Not a big fan of Mitts but I dont fault him or others for this.
CHANGE THE TAX CODE
Yes I use every deduction available. I didn't say anything about Mitt's use of the tax code. I pointed out the absurdity of a guy worth 1/4 of a billion paying 15% tax.
if he paid taxes at the allowable lowest rate is that wrong?
Do you take deductions on your tax return?
If you do then you are in effect trying to lower your rate as well by using the tax code to your advantage.
Not a big fan of Mitts but I dont fault him or others for this.
CHANGE THE TAX CODE
Yes I use every deduction available. I didn't say anything about Mitt's use of the tax code. I pointed out the absurdity of a guy worth 1/4 of a billion paying 15% tax.
Is 15% really that bad of a tax rate for investments though?
For most Americans the money that they invest has been taxed at least once.
I actually think it should be lower.
Mitt's also smarter than every sucker on this forum combined. If his money had already been taxed once, he would've been quick to point that out and relieve himself of the obvious fallout that this will bring.
Is 15% really that bad of a tax rate for investments though?
For most Americans the money that they invest has been taxed at least once.
I actually think it should be lower.
Mitt's also smarter than every sucker on this forum combined. If his money had already been taxed once, he would've been quick to point that out and relieve himself of the obvious fallout that this will bring.
Income from investments should be taxed at the same rate as income from salary
And it should be taxed only once. If he is getting a dividend from after tax profits, that shouldn't be taxed. If his distribution is from pre-tax profits, then that should taxed.
Its simple, tax it once, but at the prevailing income tax rate
if his marginal tax rate is 35% and his capital gains tax is the same why would he (romney) ever invest in anything?
every tax rate for everything should all be a big fat zero on the federal level...no games, no political twists, no class warfare
Income from investments should be taxed at the same rate as income from salary
And it should be taxed only once. If he is getting a dividend from after tax profits, that shouldn't be taxed. If his distribution is from pre-tax profits, then that should taxed.
Its simple, tax it once, but at the prevailing income tax rate
if his marginal tax rate is 35% and his capital gains tax is the same why would he (romney) ever invest in anything?
every tax rate for everything should all be a big fat zero on the federal level...no games, no political twists, no class warfare
Yes I use every deduction available. I didn't say anything about Mitt's use of the tax code. I pointed out the absurdity of a guy worth 1/4 of a billion paying 15% tax.
with all due respect, why should he have to pay more? The tiered tax rate, the deductions...all a waste of time. Flat tax and streamline the code and in turn eliminate a shit load of govt bureaucracy. Trust me if you or I had a billion dollars that we earned we wouldnt wanting the feds to take anymore than "fair"
just as neither of us do now....thats why we use the system of deductions to pay as little as possible....that doesnt change when/if we have more money
then when we die, the govt wants 50% of our earned money? That is just fucking absurb
Yes I use every deduction available. I didn't say anything about Mitt's use of the tax code. I pointed out the absurdity of a guy worth 1/4 of a billion paying 15% tax.
with all due respect, why should he have to pay more? The tiered tax rate, the deductions...all a waste of time. Flat tax and streamline the code and in turn eliminate a shit load of govt bureaucracy. Trust me if you or I had a billion dollars that we earned we wouldnt wanting the feds to take anymore than "fair"
just as neither of us do now....thats why we use the system of deductions to pay as little as possible....that doesnt change when/if we have more money
then when we die, the govt wants 50% of our earned money? That is just fucking absurb
Is 15% really that bad of a tax rate for investments though?
For most Americans the money that they invest has been taxed at least once.
I actually think it should be lower.
You cannot be serious. That is ridiculous when I pay over 20% adjusted, and I don't make anywhere near, or have the value Romney has. Not only that, but they asked him about his tax shelters in the Caymans...Come on. And this guy is possibly going to be the Republican Pick? Doesn't anyone have any brains any more??? Really??
Is 15% really that bad of a tax rate for investments though?
For most Americans the money that they invest has been taxed at least once.
I actually think it should be lower.
You cannot be serious. That is ridiculous when I pay over 20% adjusted, and I don't make anywhere near, or have the value Romney has. Not only that, but they asked him about his tax shelters in the Caymans...Come on. And this guy is possibly going to be the Republican Pick? Doesn't anyone have any brains any more??? Really??
A flat tax is the way to go if they eliminate the loop hole for capital gains. 20% tax on capital and labor. Eliminates the loop holes that allow the super rich to escape paying their share. When it's all said and done, I pay around 23% most year's. Why the heck should Romney be paying less?
A flat tax is the way to go if they eliminate the loop hole for capital gains. 20% tax on capital and labor. Eliminates the loop holes that allow the super rich to escape paying their share. When it's all said and done, I pay around 23% most year's. Why the heck should Romney be paying less?
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