Romney Says He Has Never Paid Less than 13% Taxes

[ImFeklhr]

I'm not very supportive of punitive or incredibly progressive taxation.... BUT 13%?

Cry me a river. I don't make shit, and I pay more than that. :shrug:

That is not a soundbite I see appealing to anyone. What a nub. :facepalm:

 

[Duff Miver]

I'm not very supportive of punitive or incredibly progressive taxation.... BUT 13%?

Cry me a river. I don't make shit, and I pay more than that. :shrug:

That is not a soundbite I see appealing to anyone. What a nub. :facepalm:

It's worse than you think. Romney doesn't claim he paid 13% in Federal Income tax.


He's talking about all taxes, state, sales, property, local, federal combined.

Under the Ryan plan which Mitt supports, Mitt's Federal tax would be......wait for it.....0%.

Bend over, grease up.:moon:

 

[ssd]

I don't really care.

As most know, I am not a fan of Romney or Obama - just sick of hearing about his taxes.

Attack his policies or something.

Hell, Geithner did not pay his taxes and he is Treasury Secretary - did it really matter with him?
Or Charlie Rangel? Or countless other entitled elites in this country.

We can all admit that the US tax code is a monstrous mess and needs to be revamped.

But, can we at least talk about the ideas that these 2 have to fix the economy or foreign policy or something of REAL substance rather than his bleeping taxes?

And, this is being directed at the campaigns, not the people here.

 

[Skulnik]

I'm not very supportive of punitive or incredibly progressive taxation.... BUT 13%?

Cry me a river. I don't make shit, and I pay more than that. :shrug:

That is not a soundbite I see appealing to anyone. What a nub. :facepalm:

And Warren Buffets secretary pays more than him.

Reform the tax system.

:0008

 

[ImFeklhr]

And Warren Buffets secretary pays more than him.

Reform the tax system.

:0008

Agree that we should reform the tax system, and I am not trying to analyze a candidate by what amounts to a sound bite.
BUT, it?s almost like he doesn?t even want the damn job, he seems so clueless on the ?connecting with the common man? aspect of the job.
I guess he isn?t nearly the first presidential candidate to be born on third base.

 

[Trampled Underfoot]

Agree that we should reform the tax system, and I am not trying to analyze a candidate by what amounts to a sound bite.
BUT, it?s almost like he doesn?t even want the damn job, he seems so clueless on the ?connecting with the common man? aspect of the job.
I guess he isn?t nearly the first presidential candidate to be born on third base.

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:facepalm:

 

[hedgehog]

It's worse than you think. Romney doesn't claim he paid 13% in Federal Income tax.


He's talking about all taxes, state, sales, property, local, federal combined.

Under the Ryan plan which Mitt supports, Mitt's Federal tax would be......wait for it.....0%.

Bend over, grease up.:moon:

Cap gains should be 0 tax :shrug:

 

[Trampled Underfoot]

Cap gains should be 0 tax :shrug:

You're an idiot. Nobody cares what you think.

 

[Duff Miver]

Cap gains should be 0 tax :shrug:

Cap gains and inheritance should be taxed at the highest rate. After all, that's money for which you do little more than sit on your fat ass.

Earned money should be taxed at a low rate to encourage those who work for a living.

 

[bleedingpurple]

You're an idiot. Nobody cares what you think.

I answered your Fantasy Football question.

You have to tax capital gains.

 

[hedgehog]

Cap gains and inheritance should be taxed at the highest rate. After all, that's money for which you do little more than sit on your fat ass.

Earned money should be taxed at a low rate to encourage those who work for a living.

I disagree, cap gains and inheritance tax should be zero, its double taxation :0008

earned money should be taxed at 10% at most :shrug:

 

[bleedingpurple]

I disagree, cap gains and inheritance tax should be zero, its double taxation :0008

earned money should be taxed at 10% at most :shrug:

I agree about inheritance

 

[ssd]

I agree to a point on inheritance - the family member who earned it already paid taxes on it, in my mind - so it should pass to heirs w/o tax to a certain level - not sure what these should be but above $3million, from $3m to $5m would be 10%, etc - something along those lines.

I have been a proponent of a flat tax with a luxury VAT added as well so that the rich buying the luxury yacht or home or car pay taxes on that purchase.

Again, unfortunately, we have to work under the system that we have, not the one we want or ought to have. What we need to do is quit bitching and start a revolution so we can change some things.

:0074

 

[hedgehog]

why should the government get a dime when you die? I think no matter the amount you should be able to give to your heirs with no tax :shrug:

 

[ssd]

Because we have a $16T debt and unemployed, old, sick people who need social assistance.

End the foreign wars....end the war on drugs....end bullshit foreign aid to Pakistan and Egypt.....end the endless build-up of new military gadgets.......

 

[Duff Miver]

I agree to a point on inheritance - the family member who earned it already paid taxes on it,

:0074

That's an often heard claim, but in many, if not most cases of substantial inheritances you're looking at appreciated assets: The family farm that may have initially been a free land grant or homestead and has appreciated to millions, on which no cap gain taxes have ever been paid. For example, we own 200 acres of timberland which was originally a free land grant. Cost basis zero. That land has never been sold, just passed down as inheritance. No cap gain tax has ever been paid, and when we pass it on none will be.

Stocks which have been held, and appreciated, no tax on the gain ever paid.

If you want to exempt inheritance taxes on money which has already been taxed, fine, but why should appreciated assets go forever tax free?

 

[Duff Miver]

Here's a radical idea for you: Let's look at the period of greatest growth and employment opportunity in our history, roughly 1950-1975, and go back to those tax rates.

 

[THE KOD]

Here's a radical idea for you: Let's look at the period of greatest growth and employment opportunity in our history, roughly 1950-1975, and go back to those tax rates.

thats a good idea

what were they then ?opcorn2

 

[Duff Miver]

thats a good idea

what were they then ?opcorn2

You have to look at it in two parts: What the average family paid, and what the very rich paid.

The average family paid less then.
The very rich paid much more then.

We've done a 40 year experiment of the horse-and-sparrow* theory. It has been a failure.

*renamed Trickle Down and then renamed Supply Side.

Horse-shit by any other name.

 

[ImFeklhr]

Here's a radical idea for you: Let's look at the period of greatest growth and employment opportunity in our history, roughly 1950-1975, and go back to those tax rates.

The problem with going back to that Federal tax rate is that while fed taxes have gone down, state income taxes and sales taxes and "fees" have gone up.