Mitt Romney pays a lower tax rate than you do.

[Cecilie1200]

A guy who knows how to game the system by making sure all of his income is "capital gains". Was he supposed to ignore the rules that give him an advantage? Would you?

Gee, how many people do we have gaming the system these days?

Tens of millions. On both ends of the income spectrum, squeezing the shit out of the middle.

I don't blame him for using the system to his advantage.

I blame him for being a big supporter of Cap Gains taxes remaining at the same rate while he's running for president.

Why? Is there some reason why he's supposed to suddenly think capital gains should be different just because he's running for President? Surely you don't expect him to adjust his opinions to appeal to shitstains like YOU.

 

[Cecilie1200]

Should be the same. If it's not, why isn't it? Fuck exceptions. It's what got us to this point.

Actually, if you make cap gains tax the same rate as income tax, you're right. Fuck em.

Except that capital gains are taxed TWICE, which means the percentage which they are taxed is already higher than most income tax brackets, if not all.

Let me guess. You were so blinded by your virulent hatred of anyone who DARES to have enough money to invest it that you weren't aware of this.

 

[uscitizen]

And many corporations pay -100% of Romneys "effective tax rate".


Your point?

Not sure what your point on that would be...

As Romney and the rest of the Republicans want to lower that tax rate even further.

Life is not fair and neither are US taxes.
The only truely fair tax is one that treats all income the same regardless of source. And charges everyone at exactly the same % rate. NO deductions.

 

[Euroconservativ]

 

[PLYMCO_PILGRIM]

True Story.

Romney Says His Effective Tax Rate Is ‘Probably’ 15%

Ummmmm no its not true.

on his personal income taxes he pays a higher rate than me
on his investiment income, capital gains taxes, he pays the same rate as me.

Your link is a bunch of hogwash meant to trick the uniformed.

 

[Cecilie1200]

Is he breaking the law?

No.

so... legal is the equivalent of moral and right? Tell that to JoePa.

You might want to remember this when you decide that because you shit sandwich-eaters can use the federal government to LEGALLY attack people who have more money than you, it doesn't make it MORAL or RIGHT.

There is nothing immoral about Mitt Romney having more money than you. There's something very immoral about YOU deciding it should be taken away from him.

 

[PLYMCO_PILGRIM]

And many corporations pay -100% of Romneys "effective tax rate".


Your point?

Not sure what your point on that would be...

As Romney and the rest of the Republicans want to lower that tax rate even further.

Life is not fair and neither are US taxes.
The only truely fair tax is one that treats all income the same regardless of source. And charges everyone at exactly the same % rate. NO deductions.

so you mean that 15% tax rate the article is talking about, that all people pay on invenstment income (cap gains) regardless of income level, is fair

 

[Article 15]

Except that capital gains are taxed TWICE

False.

If you buy 100k worth of a stock and sell the stock for 120k you only pay capital gains tax on the 20k profit i.e. the new income.

 

[Cecilie1200]

....will the GOP spend to get Romney elected with goofs like this. This is bad for the general election.

Goofs? Now it's a "goof" for someone to pay the legal tax rate for his type of income? How come it wasn't a "goof" for Obama to appoint people who don't pay their taxes AT ALL?

I'm sick to death of the double standards you dipshit liberals employ while trying to claim some sort of moral high ground, as though being poor, envy-ridden failures is somehow a virtue now.

 

[Big Fitz]

InvestorCentric: Disposable Income Increasing Due To Growth In Government Sector

I dunno. This doesn't seem to be fair OR helping.

And is this really fair on the middle class either? Hmmmmm I think not.

In Entitlement America, The Head Of A Household Of Four Making Minimum Wage Has More Disposable Income Than A Family Making $60,000 A Year | ZeroHedge

How about THIS 'line'?

And, your second example counts medical insurance under medicaid as being income. To the tune of $17,000.00.

Which makes it utterly useless.

No shit it's income. The same way paying for it out of pocket OR having it paid for by your employer. This is a cute little union game they play to try and pretend that insurance isn't income. Fine, if it's not income, it may as well be cut. How's your income doing then, smartass?

 

[Big Fitz]

InvestorCentric: Disposable Income Increasing Due To Growth In Government Sector

I dunno. This doesn't seem to be fair OR helping.

And is this really fair on the middle class either? Hmmmmm I think not.

In Entitlement America, The Head Of A Household Of Four Making Minimum Wage Has More Disposable Income Than A Family Making $60,000 A Year | ZeroHedge

How about THIS 'line'?

Your article was written in March of 2010.

Over the past year, government payrolls have been reduced in number significantly, and the private sector has added a significant number of jobs.

Here is a chart showing private sector job growth.

Note that the unemployment rate has remained the same during this period, due to declining public-sector job numbers.:

Uh huh. not even 12 months ago and you're quibbling. Yeah, figures. I dunno about you but 10 months economically wasn't that long ago, AND there's no evidence things have changed that much since then.

 

[cheetah440]

And many corporations pay -100% of Romneys "effective tax rate".


Your point?

Not sure what your point on that would be...

As Romney and the rest of the Republicans want to lower that tax rate even further.

Life is not fair and neither are US taxes.
The only truely fair tax is one that treats all income the same regardless of source. And charges everyone at exactly the same % rate. NO deductions.

All income isn't equal. Capital gains isn't the same as wage income, not even close. No risk is taken when you earn wage income. Capital gains income is already taxed. The lack of economic acumen on this subject is astounding.

 

[Big Fitz]

The moral of the graph? Don't invest or profit outside of Asia (minus china and korea).

 

[PLYMCO_PILGRIM]

Except that capital gains are taxed TWICE

False.

If you buy 100k worth of a stock and sell the stock for 120k you only pay capital gains tax on the 20k profit i.e. the new income.

I think what cecilie is thinking is that initial 100k you invested was already taxed and that the money you make of that money is "double taxed"

But like you said you only pay on the gains and you can write off losses so you are, in effect, not double taxed.

 

[Cecilie1200]

Romney paid 15 percent.

Obama on his 2010 tax returns paid around 25 percent.

Basic tax rate for MOST Americans is around 28 percent.

Still think Romney is a good idea?

Add in he made over 375K in speaking engagments alone in 2011 and counts that as "not much money". That's APART from his income from other sources.

Median income in the US is around 50K. So his "not much money" is many times the median.

It's NOT much money to him. So what? God forbid we elect a President who's a financial success in his personal life. After all, the left didn't.

 

[uscitizen]

Not sure what your point on that would be...

As Romney and the rest of the Republicans want to lower that tax rate even further.

Life is not fair and neither are US taxes.
The only truely fair tax is one that treats all income the same regardless of source. And charges everyone at exactly the same % rate. NO deductions.

All income isn't equal. Capital gains isn't the same as wage income, not even close. No risk is taken when you earn wage income. Capital gains income is already taxed. The lack of economic acumen on this subject is astounding.

NO risk is taken when you earn wage income?
Umm how many wall street types are killed or maimed each year in work related accidents?

Just risking their lives vs a bit of potential profit.
Risking ones life is the ultimate risk level. Money is not worth a damn if you are dead.

 

[Big Fitz]

Romney paid 15 percent.

Obama on his 2010 tax returns paid around 25 percent.

Basic tax rate for MOST Americans is around 28 percent.

Still think Romney is a good idea?

Add in he made over 375K in speaking engagments alone in 2011 and counts that as "not much money". That's APART from his income from other sources.

Median income in the US is around 50K. So his "not much money" is many times the median.

It's NOT much money to him. So what? God forbid we elect a President who's a financial success in his personal life. After all, the left didn't.

What do you mean? P-BO's wife, FL-MO, had a 400k/year IIRC no show job at a hospital. He married smart.

 

[PLYMCO_PILGRIM]

Life is not fair and neither are US taxes.
The only truely fair tax is one that treats all income the same regardless of source. And charges everyone at exactly the same % rate. NO deductions.

All income isn't equal. Capital gains isn't the same as wage income, not even close. No risk is taken when you earn wage income. Capital gains income is already taxed. The lack of economic acumen on this subject is astounding.

NO risk is taken when you earn wage income?
Umm how many wall street types are killed or maimed each year in work related accidents?

Just risking their lives vs a bit of potential profit.

don't be a hack dude, you know what he meant and we see what your doing

 

[Vast LWC]

Except that capital gains are taxed TWICE, which means the percentage which they are taxed is already higher than most income tax brackets, if not all.

Let me guess. You were so blinded by your virulent hatred of anyone who DARES to have enough money to invest it that you weren't aware of this.

I addressed this a few posts back.

The same thing applies to all payrolls.

 

[Article 15]

Except that capital gains are taxed TWICE

False.

If you buy 100k worth of a stock and sell the stock for 120k you only pay capital gains tax on the 20k profit i.e. the new income.

I think what cecilie is thinking is that initial 100k you invested was already taxed and that the money you make of that money is "double taxed"

But like you said you only pay on the gains and you can write off losses so you are, in effect, not double taxed.

Correct.....so her assertion is flat out wrong.