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Fairness of the U.S. tax system has little to do with reality. Romney pays tax on capital gains, no tax on income... BECAUSE he has no income.I understand about the risk and the reasoning for the lower rate. However, the rate didn't need to be lowered to 15%. People have always invested and they always will. In fact you could make a case that everyone went too far with their risks and helped bring down the economy when the rate was lowered to 15%.
I think book royalties are taxed as regular income, not as a capital gain. I also think he donated his royalties to charity.
But that has nothing to do with the fairness or unfairness of taxing different types of income at different rates.
Warren Buffet pays a lower tax rate than his secretary for a like reason. She pays taxes on income. Buffet pays taxes on capital gains. Not the same tax, just fraudulently used in the SOTU as a ruse.
I refuse to discuss Warren Buffett's secretary's tax rate as a settled fact - or at all - until someone show's me the bitch's tax returns so I can see for myself what she gets paid and what amount and type of tax she pays. I'm not taking Buffett's word for it, and I'm SURE AS HELL not taking Obama's word for it.
Lefties, prove it or shut the fuck up about it.
The average effective federal income tax rate for taxpayers is 11 percent, I noted in my January 24 post, "Nets Use Romney's Taxes to Advance Obama's False 'Fairness' Narrative," which includes a table showing those earning between $50,000 and $75,000 pay an average effective income tax rate of 7 percent, 8 percent for those taking in $75,000 to $100,000 and 12 percent for those between $100,000 and $200,000.
No matter what Buffett pays her, if she's paying 35.8 percent she has an awful accountant. More likely, she's paying a lot less, maybe even at a lower rate than Romney since, as USA Today reported last week, "he's paying a higher tax rate than the majority of taxpayers."
Warren Buffett's Secretary Speaks - WSJ.com
Statists want it ALL.so let's go with 50 million
15% of 50 million is 7.5million dollars isn't that enough for one person to pay? Why are you so greedy?
so by underpaying romney is cheating the government out of millions of dollars.
No more welfare for the idle rich.
under paying? 7.5 million dollars is under paying? From one person?
Glad to see Mitt can relate to the common man
He pays at a lower rate than someone making $40,000.
Fairness of the U.S. tax system has little to do with reality. Romney pays tax on capital gains, no tax on income... BECAUSE he has no income.
Warren Buffet pays a lower tax rate than his secretary for a like reason. She pays taxes on income. Buffet pays taxes on capital gains. Not the same tax, just fraudulently used in the SOTU as a ruse.
I refuse to discuss Warren Buffett's secretary's tax rate as a settled fact - or at all - until someone show's me the bitch's tax returns so I can see for myself what she gets paid and what amount and type of tax she pays. I'm not taking Buffett's word for it, and I'm SURE AS HELL not taking Obama's word for it.
Lefties, prove it or shut the fuck up about it.
Shut the fuck up yourself.
Wages are taxed at a higher rate than capital.
Welfare for the idle rich has to stop.
Mitt Romney is idle...? Really?
Statists want it ALL.so by underpaying romney is cheating the government out of millions of dollars.
No more welfare for the idle rich.
under paying? 7.5 million dollars is under paying? From one person?
Wrong political persuation,and Double Standards...Statists want it ALL.under paying? 7.5 million dollars is under paying? From one person?
Why aren't they questioning obama or the other democrats? I don't care for Romney but they are really off base on this one. Who care how much he paid when he paid 7.5 million dollars. I say good for him.
Statists want it ALL.under paying? 7.5 million dollars is under paying? From one person?
Why aren't they questioning obama or the other democrats? I don't care for Romney but they are really off base on this one. Who care how much he paid when he paid 7.5 million dollars. I say good for him.
NO MORE Welfare for the LAZYStatists want it ALL.
Why aren't they questioning obama or the other democrats? I don't care for Romney but they are really off base on this one. Who care how much he paid when he paid 7.5 million dollars. I say good for him.
No more welfare for the rich.
Pass the Buffett Rule.
Statists want it ALL.
Why aren't they questioning obama or the other democrats? I don't care for Romney but they are really off base on this one. Who care how much he paid when he paid 7.5 million dollars. I say good for him.
No more welfare for the rich.
Pass the Buffett Rule.
Statists want it ALL.
Why aren't they questioning obama or the other democrats? I don't care for Romney but they are really off base on this one. Who care how much he paid when he paid 7.5 million dollars. I say good for him.
No more welfare for the rich.
Pass the Buffett Rule.
NO MORE Welfare for the LAZYWhy aren't they questioning obama or the other democrats? I don't care for Romney but they are really off base on this one. Who care how much he paid when he paid 7.5 million dollars. I say good for him.
No more welfare for the rich.
Pass the Buffett Rule.
Why aren't they questioning obama or the other democrats? I don't care for Romney but they are really off base on this one. Who care how much he paid when he paid 7.5 million dollars. I say good for him.
No more welfare for the rich.
Pass the Buffett Rule.
And use the money to fund the poor and lazy.
What a great platform.
No wonder you sound like Al NotSoSharp-ton.
Tax breaks for the rich mean YOU have to pay more.
Tax breaks for the rich mean YOU have to pay more.
Only when your blueberry sized brain can't do the math (that President Obama can't do either).
Tax breaks for the rich drove this economy very well through the Reagan years all the while he put the military back that Carter had reduced. It produced enough momentum that Newt was able to balance the budget despite Clinton.
Or did your mother tell you this over breakfast ?
NO MORE Welfare for the LAZYNo more welfare for the rich.
Pass the Buffett Rule.
I agree.
No welfare for the idle rich like Romney.
The guy hasn't had a job in years.
NO MORE Welfare for the LAZY
I agree.
No welfare for the idle rich like Romney.
The guy hasn't had a job in years.
I know you meant to say Obama.....
And now that he has one, you can see why no one else would give him one.
NO...I mean the likes of YOU as the poseur that you are...and the Class Warfare creep that you are.NO MORE Welfare for the LAZYNo more welfare for the rich.
Pass the Buffett Rule.
I agree.
No welfare for the idle rich like Romney.
The guy hasn't had a job in years.
I agree.
No welfare for the idle rich like Romney.
The guy hasn't had a job in years.
I know you meant to say Obama.....
And now that he has one, you can see why no one else would give him one.
Changing the subject?
Why should people who work pay taxes at a higher rate than the idle rich?
