| Author |
Topic:
LOL .. Willard "Moneybags" Romney tax returns - paid 13.9% income tax, had Swiss bank account [Locked] |
|
|
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:
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.
You clearly don't understand what long-term capital gains are, nor are you likely to have ever paid any. As for what you find logical, that would take a doctor with a flashlight to figure out.
-----signature-----
*yawn*
|
Cuttlery  Title: Wanna see what you missed?
Posts: 2,631
Registered: 2001-1-9 19:31:21
|
Date Posted:
1/1/00 12:00am
Subject:
LOL .. Willard "Moneybags" Romney tax returns - paid 13.9% income tax, had Swiss bank account |
Starting to like him more and more.
-----signature-----
0.o
Bored and Useless
|
-Rando-  Posts: 230
Registered: 2010-7-28 09:19:25
|
Date Posted:
1/1/00 12:00am
Subject:
LOL .. Willard "Moneybags" Romney tax returns - paid 13.9% income tax, had Swiss bank account |
To put this into perspective:
http://www.nytimes.com/interactive/2012/01/24/us/politics/the-candidates-tax-returns.html
Adjusted Gross Income -------- Income tax rate
Obama - $1,728,096 ----- 26.3%
Willard - $21,646,507 ----- 13.9%
Newt - $3,142,066 ----- 31.7%
So if you're an equities trader or wall street guy, you pay half of what someone making an actual salary makes (in the top income bracket). Appalling.
-----signature-----
|
|
|
Date Posted:
1/1/00 12:00am
Subject:
LOL .. Willard "Moneybags" Romney tax returns - paid 13.9% income tax, had Swiss bank account |
classic acf ... idiots pontificating on topics of which they have zero understanding. Go understand your 1040-EZ first.
-----signature-----
We are One Nation Under God - Barack "Barry" Obama
1/21/2013
Winning the nobel prize means 8 people in scandanavia liked you - it does not indicate truth, brilliance, or anything else.
-dugfromthearth
|
Unarmed-Yarr  Title: Pirate of Harrrvestgain
Posts: 390
Registered: 2000-2-23 15:43:24
|
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:
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.
Correct, and they should be separated from other long term capital gains, since these idiots dont actually have any vested stake to gain that money from. it is a loophole that should definitely be closed, but wont be since many people on capitol hill benefit from it greatly.
I do believe there should be a benefit to true investing, putting money into something you believe will thrive, for a longer term than wall street gamblers looking to make aquick buck off the backs of others.
i am not saying people wont put money into investments, i just dont believe they wil truly "invest" as was intended originally. People will be in and out of investments much, much faster if the taxes were quivalent, because they have nothing to gain by STAYING invested in something.
-----signature-----
Old Fogie (4,297 days old), East Sider, Pirate
Unarmed Yarr, Dissilspilg, HOH 4 life (12-15-00)
Passersby were amazed by the unusually large amounts of blood.
|
-Rando- Posts: 230
Registered: 2010-7-28 09:19:25
|
Date Posted:
1/1/00 12:00am
Subject:
LOL .. Willard "Moneybags" Romney tax returns - paid 13.9% income tax, had Swiss bank account |
AliHajiSheik posted:
You clearly don't understand what long-term capital gains are, nor are you likely to have ever paid any. As for what you find logical, that would take a doctor with a flashlight to figure out.
Ooh, we have the trifecta:
[x] Condescending douchebag tone
[x] Personal Attacks
[x] Failure to address any points made in the thread.
Congrats, you now can be a card-carrying ACF conservatard. Just PM me your name and address, and I'll send you your special laminated signed card today!
-----signature-----
|
JD_HOGG Posts: 2,846
Registered: 2008-3-18 08:04:21
|
Date Posted:
1/1/00 12:00am
Subject:
LOL .. Willard "Moneybags" Romney tax returns - paid 13.9% income tax, had Swiss bank account |
AliHajiSheik posted:
Ptilk posted:
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.
You clearly don't understand what long-term capital gains are, nor are you likely to have ever paid any. As for what you find logical, that would take a doctor with a flashlight to figure out.
I started to answer that, but figured what's the use, people who don't get it never will.
|
Ptilk Title: Creepy old pirate
Posts: 2,359
Registered: 2002-2-13 14:52:58
|
Date Posted:
1/1/00 12:00am
Subject:
LOL .. Willard "Moneybags" Romney tax returns - paid 13.9% income tax, had Swiss bank account |
The funny part of it is....I've been living almost entirely on capital gains income for years now.  |
JD_HOGG Posts: 2,846
Registered: 2008-3-18 08:04:21
|
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:
The funny part of it is....I've been living almost entirely on capital gains income for years now.
I do not believe you. There is no way your income could be derived entirely by capital gains while the effect of the corporate income tax on your investments escapes you.
|
Unarmed-Yarr Title: Pirate of Harrrvestgain
Posts: 390
Registered: 2000-2-23 15:43:24
|
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:
The funny part of it is....I've been living almost entirely on capital gains income for years now.
by income that is hit by capital gains tax, or capitals gains distributions?
-----signature-----
Old Fogie (4,297 days old), East Sider, Pirate
Unarmed Yarr, Dissilspilg, HOH 4 life (12-15-00)
Passersby were amazed by the unusually large amounts of blood.
|
|
