| Author |
Topic:
LOL .. Willard "Moneybags" Romney tax returns - paid 13.9% income tax, had Swiss bank account [Locked] |
-Rando-  Posts: 230
Registered: 2010-7-28 09:19:25
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Date Posted:
1/1/00 12:00am
Subject:
LOL .. Willard "Moneybags" Romney tax returns - paid 13.9% income tax, had Swiss bank account |
Ptilk posted:
Capital gains should be taxed just like any other income and at the same rate as other income. Oh, and you should have to pay SS/med taxes on capital gains as well. 
Well lookee there, I just fixed the deficit, SS and medicare in one easy step.
Yep, let the Bush Tax Cuts (aka millionaire welfare) expire, tax capital gains like income, and uncap the payroll tax. Boom, social security is salient and we have no deficit.
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Brother_Tempus  Title: Patriot
Posts: 985
Registered: 2001-1-9 08:07:00
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Date Posted:
1/1/00 12:00am
Subject:
LOL .. Willard "Moneybags" Romney tax returns - paid 13.9% income tax, had Swiss bank account |
Ptilk posted:
Capital gains should be taxed
theft is immoral
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Unarmed-Yarr  Title: Pirate of Harrrvestgain
Posts: 390
Registered: 2000-2-23 15:43:24
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Date Posted:
1/1/00 12:00am
Subject:
LOL .. Willard "Moneybags" Romney tax returns - paid 13.9% income tax, had Swiss bank account |
Ptilk posted:
Capital gains should be taxed just like any other income and at the same rate as other income. Oh, and you should have to pay SS/med taxes on capital gains as well.
Well lookee there, I just fixed the deficit, SS and medicare in one easy step.
short term capital gains are taxed at a similar rate to income, it is long term capital gains that are not. If you change the laws to make them the same, people would have little reason to actually "invest" anywhere, and the only invested money would be the gambling money tossed around by current wall street sleazes. In the end, this would probably hurt the middle class far more than the super rich.
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Tipztoe  Posts: 1,775
Registered: 2004-3-1 17:53:43
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Date Posted:
1/1/00 12:00am
Subject:
LOL .. Willard "Moneybags" Romney tax returns - paid 13.9% income tax, had Swiss bank account |
-Rando- posted:
AliHajiSheik posted:
-Rando- posted:
tantallous posted:
he still paid more in taxes for one year than i will make in my life (from working anyway). are you saying he should pay even more? what is YOUR %? i know mine was much lower than that, and i know that there are many Americans for which that is the case.
My family's marginal tax rate is just over 18% of our income.
Does that include mommy and daddy?
No, I'm a grown ass
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BritonGuy Title: Serious Business
Posts: 1,567
Registered: 2004-3-4 20:43:50
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Date Posted:
1/1/00 12:00am
Subject:
LOL .. Willard "Moneybags" Romney tax returns - paid 13.9% income tax, had Swiss bank account |
-Rando- posted:
and paid less income tax than a teacher or policeman.
Teachers and policemen pay 3 million in taxes a year?
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tantallous Title: Thought Police
Posts: 192
Registered: 2002-1-11 23:14:32
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Date Posted:
1/1/00 12:00am
Subject:
LOL .. Willard "Moneybags" Romney tax returns - paid 13.9% income tax, had Swiss bank account |
also, if you calculate a simple percentage, its closer to 14.6% (maybe a little more or less due to rounding of the various figures), which is approximately a 5% increase over what you threw out there in your title.
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JD_HOGG Posts: 2,846
Registered: 2008-3-18 08:04:21
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Date Posted:
1/1/00 12:00am
Subject:
LOL .. Willard "Moneybags" Romney tax returns - paid 13.9% income tax, had Swiss bank account |
-Rando- posted:
Tipztoe posted:
thank god there are no rich democrats
Well, Mitt would be the wealthiest president ever, by a wide margin. Further, he would be the first to come out of the private equity/hedge fund world which isn't that popular right now if you've been following the news.
Wide margin? Did you forget George Washington's plantation, or Jefferson's Monticello? Washington's plantation was over 8000 acres run by 300 slaves. That dude was loaded with some mad mad stacks. Jefferson was not far behind him.
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Ptilk Title: Creepy old pirate
Posts: 2,359
Registered: 2002-2-13 14:52:58
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Date Posted:
1/1/00 12:00am
Subject:
LOL .. Willard "Moneybags" Romney tax returns - paid 13.9% income tax, had Swiss bank account |
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Of course people would still invest in companies and real estate and everything else if the taxes paid on long term capital gains were the same as taxes on all other income. People don't stop wanting to make money because their tax rate goes up. If that was true, no one would want to be a millionaire...cause they have to pay more taxes.
Even Reagan was against having lower rates on capital gains than on other income. It's illogical and ridiculous.
A lot of the capital gains income isn't even from investments, it's salary and bonuses paid to investment bankers and board members of corporations that are structured in such a way that they can call them capital gains.. it's simply a dodge that the ultra rich use to pay ultra low taxes.
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Ah-Schoo Title: Fuzzy Caterpillar of Friendliness
Posts: 3,034
Registered: 2000-8-11 09:05:29
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Date Posted:
1/1/00 12:00am
Subject:
LOL .. Willard "Moneybags" Romney tax returns - paid 13.9% income tax, had Swiss bank account |
Brother_Tempus posted:
Ptilk posted:
Capital gains should be taxed
theft is immoral
And you're retarded. My point is actually more relevant to this discussion than yours, how sad is that?
(Oh noes, B_T trolled me with his entirely opposite definition of theft from what he uses in the piracy discussions.)
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GrimTempest Title: Board Manager
Anime Aikousha
Posts: 977
Registered: 2001-12-21 01:36:49
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Date Posted:
1/1/00 12:00am
Subject:
LOL .. Willard "Moneybags" Romney tax returns - paid 13.9% income tax, had Swiss bank account |
Income - $21.7 million
Taxes Paid - $3 million
Donated to Charity - $2.98 million
Like any other american he works his taxes to pay the least he has to under the law. None of us willingly pay more in taxes than we have to, we're all looking for the little options the government gives us to get so much back or write something off. He's paid more in taxes in one year than most of us ever will.
What really stands out about this isn't how much he paid but how the news media, and the liberal side of it in particular, is having a field day with it and blatantly trying to sway peoples opinions with the information rather than just reporting the facts and letting people decide on their own if its bad/good or should even be an issue. Instead they find a way to put little twists into all of the reporting to put negative spins on everything. On the other side of it you have the few conservative rags out there doing the exact opposite. One side is proclaiming he pays more than the average american, the other that he pays less. No one is just providing the facts or providing a complete picture on it with just the facts both good and bad, only the parts that serves their interest. So if you want a story to get riled up about here it isn't his taxes but another clear example that our news media has no morals and has lost sight of what reporting the news actually is.
I don't care if your liberal or conservative or middle of the road, if your okay with the news media leading you around by the nose you might as well just give up your right to vote since you can't do any thinking for yourself anyway.
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