Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
I'm surprised you don't feel like vomiting every time our government stupidly spends and wastes more of your tax dollars.
Yet Mitt Romney's use of our tax laws makes you have a fit. Some interesting logic you liberals have.
Ah, so conservatives cannot think taxes should be progressive?
The rich should pay the same tax rate as everyone else.
In 2011, the rich (married couples who file jointly and make over $379,150) have a 35 percent federal income tax rate. The middle class ($69,001-$139,350) have a 25 percent rate and the working class and poor ($17,001-$69,000) have a 15 percent rate.
The rich pay a higher rate of their income to the government than other groups. The Tax Foundation found in 2009, that the top 1 percent of earners earned roughly 17 percent of income but paid roughly 37 percent of federal income taxes. The super rich (top 0.1 percent) of earners made 8 percent of all income, but paid 17 percent of all federal income taxes.
If we look at effective tax rates (what tax rates people actually pay), we see the same pattern. The rich paid the highest percentage of their income, 24 percent, to the federal government versus 11 percent for everyone else. The rate was a mere 8 percent for the upper middle class. Because the rich make most of the capital gains, they undoubtedly paid a far larger share of other weighty taxes (for example, corporate and dividend taxes). Even the claims of investors like Warren Buffet that they pay a lower rate of taxes on their income can be seen to be false once we realize the income is double-taxed, initially as corporate income and later as capital gains or dividends. Payroll taxes do not reverse this overall trend.
As usual, the poor ride free on others. In 2009, nearly 47 percent of U.S. households paid no income taxes. A significant number of those filing (more than 36 percent in 2008) paid no income tax and a significant number of them made money via the tax code because of the earned income tax credit and other child-tax credits.
The moral case for progressive taxation is surprisingly weak.
The party used to stand for balanced budgets, small government and individual liberty. Now the only thing they stand for is corporations and the wealthy. For 50 years the wealthy paid taxes. Even with tax write offs and other schemes they still had to pay much more than 14%. When I saw that in taxable year 2011 Romney cleared a million dollars a month after he paid his 14% taxes I wanted to vomit. My wife and I gross a little less than $100,000 and we pay about 14%. Question for you. Romney has five sons......how many of them have been in the wars?
If people don't want to interrupt their education with any kind of inconvenience let them pay $100,000 a year extra tax to avoid it. That way the lily livered chickenhawk bastards can at least help pay down their debt.
Well, that's an impressively stupid post.
Idiot.
Ah, so conservatives cannot think taxes should be progressive?
The rich should pay the same tax rate as everyone else.
In 2011, the rich (married couples who file jointly and make over $379,150) have a 35 percent federal income tax rate. The middle class ($69,001-$139,350) have a 25 percent rate and the working class and poor ($17,001-$69,000) have a 15 percent rate.
The rich pay a higher rate of their income to the government than other groups. The Tax Foundation found in 2009, that the top 1 percent of earners earned roughly 17 percent of income but paid roughly 37 percent of federal income taxes. The super rich (top 0.1 percent) of earners made 8 percent of all income, but paid 17 percent of all federal income taxes.
If we look at effective tax rates (what tax rates people actually pay), we see the same pattern. The rich paid the highest percentage of their income, 24 percent, to the federal government versus 11 percent for everyone else. The rate was a mere 8 percent for the upper middle class. Because the rich make most of the capital gains, they undoubtedly paid a far larger share of other weighty taxes (for example, corporate and dividend taxes). Even the claims of investors like Warren Buffet that they pay a lower rate of taxes on their income can be seen to be false once we realize the income is double-taxed, initially as corporate income and later as capital gains or dividends. Payroll taxes do not reverse this overall trend.
As usual, the poor ride free on others. In 2009, nearly 47 percent of U.S. households paid no income taxes. A significant number of those filing (more than 36 percent in 2008) paid no income tax and a significant number of them made money via the tax code because of the earned income tax credit and other child-tax credits.
The moral case for progressive taxation is surprisingly weak.
35 or 25 %?!?!?!
Neither my family nor the Romneys paid that percentage.
A series of well placed loopholes give me deductions which lower my tax rate for home interest, retirement and education spending.
Other deductions help the Romney income group I guess.
Corporate jet expenses lol.
Sorry, place where I work was just looking at deductions on company expenses.
Back to the point, I did not pay 30% in Federal taxes last year.
So, you'd be surprised if Mitt paid a lower rate that I?
Does Obama pay more in taxes than he is legally obliged to? As far as I am aware, Mitt Romney paid exactly what he was obliged to pay - in fact, more than he was legally obliged to.
Let me know when y'all have a valid argument... because this constant bullshit is seriously boring.
The party used to stand for balanced budgets, small government and individual liberty. Now the only thing they stand for is corporations and the wealthy. For 50 years the wealthy paid taxes. Even with tax write offs and other schemes they still had to pay much more than 14%. When I saw that in taxable year 2011 Romney cleared a million dollars a month after he paid his 14% taxes I wanted to vomit. My wife and I gross a little less than $100,000 and we pay about 14%. Question for you. Romney has five sons......how many of them have been in the wars?
If people don't want to interrupt their education with any kind of inconvenience let them pay $100,000 a year extra tax to avoid it. That way the lily livered chickenhawk bastards can at least help pay down their debt.
Just don't forget to ask how high the next time a rich elitist Democrat tells you to jump. 
A bunch of fools being handled like indentured servants by Democrats who profess to have their interests in mind (yet enjoy the same Corporate Tax write offs that Romney does) and will make every effort to ensure an OWS protester who hasn't bathed in weeks will never set foot in their upscale gated community. It must be so nice to be part of the "yes sir", and :"I am hoodwinked" herd. Democrats have got your vote without even an afterthought of giving you any rational substance for it... You're nothing but another D lever pulling subhuman animal to them, that they occasionally toss a table scrap in the form of a finite entitlement to. But you buy into it because they tell you that your ideological utopian dream is the same one they seek. Except their dream has quite a bit more in Bank holdings than yours does.
So, you'd be surprised if Mitt paid a lower rate that I?
No, because he was double taxed on the same money, once when he earned it and again when he made money from investing it.
Capital gains tax rate is lower than ordinary income tax rates.
Ordinary income can be simply defined as the income earned from providing services or the sale of goods (inventory). This category includes income earned from interest, wages, rents, royalties and similar income streams. Ordinary income is taxed at different rates depending on the amount of income received by a taxpayer in a given tax year. In 2012, there are currently six tax brackets for taxing ordinary income: 10%, 15%, 25%, 28%, 33%, and 35%. These ordinary income marginal tax brackets are scheduled to expire at the end of 2012. In 2013, the 10% through 28% tax rates will remain the same and the top two rates of 33% and 35% will be replaced with higher rates, 36% and 39.6% respectively.
Capital gains are usually associated with the sale or exchange of property characterized as capital assets. The amount of gain is measured as the difference between the amount received by the taxpayer on the sale less the original purchase price, adjusted through the date of the sale (purchase price plus any improvements less depreciation taken). For more information on the formula to calculate capital gain on the sale of a property, see Calculating Capital Gain.
So, you'd be surprised if Mitt paid a lower rate that I?
Does Obama pay more in taxes than he is legally obliged to? As far as I am aware, Mitt Romney paid exactly what he was obliged to pay - in fact, more than he was legally obliged to.
Let me know when y'all have a valid argument... because this constant bullshit is seriously boring.
Cali, I think you're aware that the argument is not whether or not he paid what he was legally obligated to pay, but rather whether the current tax structure is fair.
Many on the right still are... unfortunately both party's politicians have gone the way of big government spending, pet projects, etc.... Which is why the whole congress needs a cleaning out
And we have an all volunteer military.. if they did not join, no big deal.. there were enough of us who did volunteer for duty... not joining while supporting a war is not a bad thing.. taxing 'extra' for someone not joining the military IS
idiot
The party used to stand for balanced budgets, small government and individual liberty. Now the only thing they stand for is corporations and the wealthy. For 50 years the wealthy paid taxes. Even with tax write offs and other schemes they still had to pay much more than 14%. When I saw that in taxable year 2011 Romney cleared a million dollars a month after he paid his 14% taxes I wanted to vomit. My wife and I gross a little less than $100,000 and we pay about 14%. Question for you. Romney has five sons......how many of them have been in the wars?
If people don't want to interrupt their education with any kind of inconvenience let them pay $100,000 a year extra tax to avoid it. That way the lily livered chickenhawk bastards can at least help pay down their debt.
Many on the right still are... unfortunately both party's politicians have gone the way of big government spending, pet projects, etc.... Which is why the whole congress needs a cleaning out
And we have an all volunteer military.. if they did not join, no big deal.. there were enough of us who did volunteer for duty... not joining while supporting a war is not a bad thing.. taxing 'extra' for someone not joining the military IS
idiot
Many on the right still are... unfortunately both party's politicians have gone the way of big government spending, pet projects, etc.... Which is why the whole congress needs a cleaning out
And we have an all volunteer military.. if they did not join, no big deal.. there were enough of us who did volunteer for duty... not joining while supporting a war is not a bad thing.. taxing 'extra' for someone not joining the military IS
idiot
"Our Nation would not be what it is today, if we did not have Americans willing to sacrifice a great deal, along with their families, by serving in the military. Even though people may wish to do so and existing technology would indicate otherwise, growing numbers of Americans are unaware of how to properly honor and support those who have chosen to serve in uniform. Today, less than 10% of current Americans have ever served in the military, and less than 1% serves today.
As long as all the bullshit from the right breaks out at every ball game, NASCAR race, church gathering with the "Support Out Troops" deal it means one thing. Those at the top who worry about nothing concerning their kids want to keep it that way. It lets them keep the industrial/military complex well fed.
If they elect not to serve....their ass should at least be taxed.
Rand Paul is not about the middle class.
This is the United States. We don't have classes in this nation.
???????????????? Don't have classes??????????
So, you'd be surprised if Mitt paid a lower rate that I?
Does Obama pay more in taxes than he is legally obliged to? As far as I am aware, Mitt Romney paid exactly what he was obliged to pay - in fact, more than he was legally obliged to.
Let me know when y'all have a valid argument... because this constant bullshit is seriously boring.
Cali, I think you're aware that the argument is not whether or not he paid what he was legally obligated to pay, but rather whether the current tax structure is fair.
So, you'd be surprised if Mitt paid a lower rate that I?
No, because he was double taxed on the same money, once when he earned it and again when he made money from investing it.
Capital gains tax rate is lower than ordinary income tax rates.
Ordinary income can be simply defined as the income earned from providing services or the sale of goods (inventory). This category includes income earned from interest, wages, rents, royalties and similar income streams. Ordinary income is taxed at different rates depending on the amount of income received by a taxpayer in a given tax year. In 2012, there are currently six tax brackets for taxing ordinary income: 10%, 15%, 25%, 28%, 33%, and 35%. These ordinary income marginal tax brackets are scheduled to expire at the end of 2012. In 2013, the 10% through 28% tax rates will remain the same and the top two rates of 33% and 35% will be replaced with higher rates, 36% and 39.6% respectively.
Capital gains are usually associated with the sale or exchange of property characterized as capital assets. The amount of gain is measured as the difference between the amount received by the taxpayer on the sale less the original purchase price, adjusted through the date of the sale (purchase price plus any improvements less depreciation taken). For more information on the formula to calculate capital gain on the sale of a property, see Calculating Capital Gain.
After watching the stock market/bank bailouts happen twice in 30 years I think capital gains should be taxed higher than regular income. There is a certain liability liberal welfare lovin Ronald Reagan signed us up for.
So, you'd be surprised if Mitt paid a lower rate that I?
No, because he was double taxed on the same money, once when he earned it and again when he made money from investing it.
Capital gains tax rate is lower than ordinary income tax rates.
Ordinary income can be simply defined as the income earned from providing services or the sale of goods (inventory). This category includes income earned from interest, wages, rents, royalties and similar income streams. Ordinary income is taxed at different rates depending on the amount of income received by a taxpayer in a given tax year. In 2012, there are currently six tax brackets for taxing ordinary income: 10%, 15%, 25%, 28%, 33%, and 35%. These ordinary income marginal tax brackets are scheduled to expire at the end of 2012. In 2013, the 10% through 28% tax rates will remain the same and the top two rates of 33% and 35% will be replaced with higher rates, 36% and 39.6% respectively.
Capital gains are usually associated with the sale or exchange of property characterized as capital assets. The amount of gain is measured as the difference between the amount received by the taxpayer on the sale less the original purchase price, adjusted through the date of the sale (purchase price plus any improvements less depreciation taken). For more information on the formula to calculate capital gain on the sale of a property, see Calculating Capital Gain.
After watching the stock market/bank bailouts happen twice in 30 years I think capital gains should be taxed higher than regular income. There is a certain liability liberal welfare lovin Ronald Reagan signed us up for.
Many on the right still are... unfortunately both party's politicians have gone the way of big government spending, pet projects, etc.... Which is why the whole congress needs a cleaning out
And we have an all volunteer military.. if they did not join, no big deal.. there were enough of us who did volunteer for duty... not joining while supporting a war is not a bad thing.. taxing 'extra' for someone not joining the military IS
idiot
"Our Nation would not be what it is today, if we did not have Americans willing to sacrifice a great deal, along with their families, by serving in the military. Even though people may wish to do so and existing technology would indicate otherwise, growing numbers of Americans are unaware of how to properly honor and support those who have chosen to serve in uniform. Today, less than 10% of current Americans have ever served in the military, and less than 1% serves today.
As long as all the bullshit from the right breaks out at every ball game, NASCAR race, church gathering with the "Support Out Troops" deal it means one thing. Those at the top who worry about nothing concerning their kids want to keep it that way. It lets them keep the industrial/military complex well fed.
If they elect not to serve....their ass should at least be taxed.
They are taxed. And FYI, Romney paid more in taxes last year than you probably earn in 10 years. In which case, you're nobody to be criticizing him.
So drop the obnoxious hate speech.
The party used to stand for balanced budgets, small government and individual liberty. Now the only thing they stand for is corporations and the wealthy. For 50 years the wealthy paid taxes. Even with tax write offs and other schemes they still had to pay much more than 14%. When I saw that in taxable year 2011 Romney cleared a million dollars a month after he paid his 14% taxes I wanted to vomit. My wife and I gross a little less than $100,000 and we pay about 14%. Question for you. Romney has five sons......how many of them have been in the wars?
If people don't want to interrupt their education with any kind of inconvenience let them pay $100,000 a year extra tax to avoid it. That way the lily livered chickenhawk bastards can at least help pay down their debt.
The party used to stand for balanced budgets, small government and individual liberty. Now the only thing they stand for is corporations and the wealthy. For 50 years the wealthy paid taxes. Even with tax write offs and other schemes they still had to pay much more than 14%. When I saw that in taxable year 2011 Romney cleared a million dollars a month after he paid his 14% taxes I wanted to vomit. My wife and I gross a little less than $100,000 and we pay about 14%. Question for you. Romney has five sons......how many of them have been in the wars?
If people don't want to interrupt their education with any kind of inconvenience let them pay $100,000 a year extra tax to avoid it. That way the lily livered chickenhawk bastards can at least help pay down their debt.
"Our Nation would not be what it is today, if we did not have Americans willing to sacrifice a great deal, along with their families, by serving in the military. Even though people may wish to do so and existing technology would indicate otherwise, growing numbers of Americans are unaware of how to properly honor and support those who have chosen to serve in uniform. Today, less than 10% of current Americans have ever served in the military, and less than 1% serves today.
As long as all the bullshit from the right breaks out at every ball game, NASCAR race, church gathering with the "Support Out Troops" deal it means one thing. Those at the top who worry about nothing concerning their kids want to keep it that way. It lets them keep the industrial/military complex well fed.
If they elect not to serve....their ass should at least be taxed.
They are taxed. And FYI, Romney paid more in taxes last year than you probably earn in 10 years. In which case, you're nobody to be criticizing him.
So drop the obnoxious hate speech.
You don't get it do you?
That lousey son-of-a-bitch paid at the same rate my wife and I paid on $100,000 and he ended up after taxes netting a million dollars a month.....A MONTH
Have you ever heard of the Warren Buffet rule? It gets back to a progressive tax system which we havn't had since Ronald Reagan cut it for his rich buds and quadrupled the debt to cover the shortfall. In Sept. 2009 Reagan and the Bushes had borrowed 80% of all the debt accrued by this nation in 232 years.
You don't get it do you?
That lousey son-of-a-bitch paid at the same rate my wife and I paid on $100,000 and he ended up after taxes netting a million dollars a month.....A MONTH
Have you ever heard of the Warren Buffet rule? It gets back to a progressive tax system which we havn't had since Ronald Reagan cut it for his rich buds and quadrupled the debt to cover the shortfall. In Sept. 2009 Reagan and the Bushes had borrowed 80% of all the debt accrued by this nation in 232 years.
