Mitt's really bad day

[MenInBrown]

Over the last 2 decades Romney's average effective tax rate is 20%. Now whats the argument? Obama said his was 20%

 

[The Other Side]

Then we would be called china? You forgot we live in a democratic nation. I would like to thank the americans who run the government, not a government that thinks they run the people. Sorry Im not a socialist

Did you ever use a library? Or call the police department? or fire department? Or use a highway or freeway? Did you attend a public school? If so, your a socialist.

peace

TOS

 

[The Other Side]

Over the last 2 decades Romney's average effective tax rate is 20%. Now whats the argument? Obama said his was 20%

Where do you see that? and are you just parroting the claim "if you add his charitable donations?""

Please..

Peace

TOS

 

[MenInBrown]

What it means is, as a percentage of income earned, Obama paid a higher percentage in taxes than Romney did.

Romney made 20+ Million, Obama made less than 1 Million, and Obama paid more (as a % of total income) than Romney did.

Whatever do you mean that Obama needs to pay his fair share?

It means Obama kept his money for himself....while Romney invested. Ever thought what investing does for this country? And beings that there are people that dont have the intelligence to figure this out...capital gains tax is the same for everyone...so what do you mean fair share? His income tax is 35%, what do you pay. Why is it that you can pay 14% capital gains tax while you pay a lower income tax, but someone who is successful has to pay more, since you want to be fair about it? Everyone has the same oppurtunity to invest their money and pay capital gains tax, but do they do it? No, because they are looking for a handout...they are looking for someone else to do it and government distribute it to them.

 

[bbsam]

Then we would be called china? You forgot we live in a democratic nation. I would like to thank the americans who run the government, not a government that thinks they run the people. Sorry Im not a socialist

LOL. Are you calling the Chief Justice a socialist? Or are you saying that the Constitution is not the law of the land?

 

[MenInBrown]

Because alot of Americans think it is a significant part of the country going "to hell in a hand basket" that Romney is able to pay so little in taxes compared to the middle class. People may not understand the tax code, but they have a pretty good idea of when they are getting the shaft. Romney paints it in broad strokes for them. Right or wrong becomes barely relevant next to the perception voters have.

On a side note, I felt a little sorry for Ryan in front of the AARP yesterday. No wonder they didn't want to get specific...

You are probly with those people that dont understand the tax code...capital gains tax is the same for everyone, and romneys in the top marginal tax bracket that is 35%. The middle class pay 15-25%...so what is so hard to understand about those numbers? What is not fair about it?

 

[MenInBrown]

LOL. Are you calling the Chief Justice a socialist? Or are you saying that the Constitution is not the law of the land?

I was replying to your comment about the government allowing us to keep something. The government doesnt decide what we can and cannot keep...the americans control the government. If americans didnt have any power we should be called China. So i dont know what your comment was about

 

[bbsam]

You are probly with those people that dont understand the tax code...capital gains tax is the same for everyone, and romneys in the top marginal tax bracket that is 35%. The middle class pay 15-25%...so what is so hard to understand about those numbers? What is not fair about it?

If you are saying you do understand the tax code, you are either in a very small minority or full of crap. I do, however, understand spelling and punctuation which leads me to believe that you are probably in the latter group.

 

[MenInBrown]

What it means is, as a percentage of income earned, Obama paid a higher percentage in taxes than Romney did.

Romney made 20+ Million, Obama made less than 1 Million, and Obama paid more (as a % of total income) than Romney did.

Whatever do you mean that Obama needs to pay his fair share?

So over the past 20 years Romney paid an average of 20% in taxes....soooo what kind of math are you using that Romneys 20% is less than Obamas 20%

 

[MenInBrown]

If you are saying you do understand the tax code, you are either in a very small minority or full of crap. I do, however, understand spelling and punctuation which leads me to believe that you are probably in the latter group.

yeah your right..im used to texting...but glad you agreed with me that you dont understand the tax code.

 

[bbsam]

I was replying to your comment about the government allowing us to keep something. The government doesnt decide what we can and cannot keep...the americans control the government. If americans didnt have any power we should be called China. So i dont know what your comment was about

It is the basis on which Roberts found Obamacare constitutional. Congress has absolute control over it's taxation rates and policy. While Roberts found that they could not call the individual mandate, they could call it a tax. He went on to say that it is not for the court to decide whether the policy was good or bad since it iw the perview of Congress. So if a Congress decides to make the tax rate 100% on all income, then that what the rate is. Therefore your income is subject to whatever the government takes.

 

[MenInBrown]

It is the basis on which Roberts found Obamacare constitutional. Congress has absolute control over it's taxation rates and policy. While Roberts found that they could not call the individual mandate, they could call it a tax. He went on to say that it is not for the court to decide whether the policy was good or bad since it iw the perview of Congress. So if a Congress decides to make the tax rate 100% on all income, then that what the rate is. Therefore your income is subject to whatever the government takes.

Thus why americans do not put socialist in government...but you are right in that statement.

 

[BrownArmy]

Explain to me why this is relevant on any level? Our country is going to hell in a hand basket because of Obama's leadership and you want to be concerned with what Romney's tax rate is?

It's relevant to Caharrell5's previous question.

And I think it's valid to be concerned with Romney's tax rate when he's making a HUGE deal about who pays income taxes and who doesn't.

 

[The Other Side]

It means Obama kept his money for himself....while Romney invested. Ever thought what investing does for this country? And beings that there are people that dont have the intelligence to figure this out...capital gains tax is the same for everyone...so what do you mean fair share? His income tax is 35%, what do you pay. Why is it that you can pay 14% capital gains tax while you pay a lower income tax, but someone who is successful has to pay more, since you want to be fair about it? Everyone has the same oppurtunity to invest their money and pay capital gains tax, but do they do it? No, because they are looking for a handout...they are looking for someone else to do it and government distribute it to them.

Could you show us his investments in the last five years into AMERICA?? We know more recently , he bought a factory in china to produce products intended to ship to america, but I dont recall any investments into America.

Please show us those.

Peace

TOS

 

[The Other Side]

Thus why americans do not put socialist in government...but you are right in that statement.

Does that make the founders socialists??

Peace

TOS

 

[moreluck]

It's relevant to Caharrell5's previous question.

And I think it's valid to be concerned with Romney's tax rate when he's making a HUGE deal about who pays income taxes and who doesn't.

The money he's paying taxes on is probably dividends and has already been taxed once !! Invest only and quit your job and you could pay the lower rate too.

 

[brett636]

According to Chief Justice John Roberts, if the government says it is all their money, then it is all their money. You get only what they decide not to take from you since Congress has complete say in how much they decide to tax. So you might want to thank the government for allowing you to keep some. Legally speaking, they can't steal it. All they have to do is decide they want to take it.

I am amazed you seem perfectly fine with this too.

 

[MenInBrown]

Does that make the founders socialists??

Peace

TOS

Only if they had formed this country to be controlled by the government and not by the people

 

[MrFedEx]

Only if they had formed this country to be controlled by the government and not by the people

I think that those on the Right have told so many times that Obama is a "socialist", that they actually believe it. He isn't anywhere close to being one, yet because Fox and the rest tell you he's one...you believe it. I know this is hard to fathom, but a country as large as ours, with a complex economy, multiple constituencies, and enormous global power, actually needs a government to coordinate it.

You Righties seem to think that we can just shut the whole thing down and send everyone home and that the Free Market will sort it all out. That's idiocy. Even if Adolf Romney were to be elected, and both the House and Senate became GOP-controlled, we'd still have Big Government, except that it would be slanted even more than it is toward Big Business.

What you really need to be worried about is fascism, where corporations run a country in conjunction with the politicians. We're a lot closer to fascism than we are socialism, and the biggest fascist organization out there right now is the Republican Party.

 

[roadrunner2012]

The money he's paying taxes on is probably dividends and has already been taxed once !! Invest only and quit your job and you could pay the lower rate too.

Bless your little heart, you are a bit befuddled about how capital gains work, let's not even get into carried interest and the like, your head would explode.

All the cash we have in our name has been taxed, unless we acquired it illegally. When that capital is invested in something, be it an interest barring saving account or stock in UPS, we owe tax only on the profit we made from that investment. It's called income. It is new money, and is therefor taxed. capital gains are taxed lower than regular income made from the sweat of your brow. They used to be taxed at a higher rate. The only time they were lower was in the 1920's. In the booming 1990's they were never below 21%, and everything was hunky dory.

Investment in companies is good, and it should be rewarded, but it should also be taxed at an equitable rate, and should not be a shelter for not paying fair taxes. The wealthy in America have done quite well in this world-wide economic downturn, they really don't need historical low interest rates to maintain their well being. Romney has done well, good for him. He and his 'class' of people don't need more advantages to stay ahead, some think the should contribute more to the general good. Some think grab while the grabbing's good.

Since I have grandkids, I'm more about the general good. I'm hoping my grandchildren have grandchildren, and that they can still enjoy the great country on a hospitable planet as long as their grandchildren's children live. I just want it protected for them. That's all I want, a good place for my grandkids. America is the planet's leader, and I'm not so sure Romney has the same vision as I have as far as a vision for the future.

I'd like to imagine a kinder place.