| Author |
Topic:
LOL .. Willard "Moneybags" Romney tax returns - paid 13.9% income tax, had Swiss bank account [Locked] |
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 |
I buy crappy houses, fix them up and live in them for a while (2 years if possible)...then sell them. Obviously I haven't done much of that lately, but it's how the vast majority of my income has been generated.
When I say crappy houses, I mean totally unlivable crappy. I bought my last one for 13K....and sold it for 160K. Sure I invested another 45K in it, but not a bad return on my money.
I once bought a mobile home park, gee that was a blast.  |
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 |
fair enough
Last night i got a form for my mutual fund account, and one of em had a capital gains distribution, separate from dividends. Had to go look up wtf it was, since the fund has been a bum the past few years. Wont complain paying taxes on free monies.
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Tai-Daishar_MT Title: Moderator
Troll Eradicator
Posts: 469
Registered: 2000-3-9 15:14:13
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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 |
Typical partisan post that means absolutely nothing since this is being done by members of both epic fail parties. But hey, grats for being obtuse enough not to notice what is going on in the world around you, must be comforting to live in such a state of bliss.
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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 |
-Rando- posted:
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.
the point missed is that no one should be paying anything. The wage you work and earn is yours and government has no moral claim to it
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Sgian_Dubh Posts: 446
Registered: 2003-4-7 10:19:52
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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:
-Rando- posted:
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.
the point missed is that no one should be paying anything. The wage you work and earn is yours and government has no moral claim to it
Give it up already. FFS, anarchy doesn't work. Business likes stability, and stability only comes from some form of government administering law.
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silvadel2 Posts: 378
Registered: 2009-7-13 09:37:29
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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 |
Capital Gains should be taxed at the same level as any other income BUT the basis should be indexed for inflation...
So if a person buys stock X 3 months ago at 15 and sells it at 30 today -- he pays just like normal income on the 15 profit.
If a person buys stock X 13 years ago at 15 and sells it at 30 today -- well 15 1999 dollars are worth (rough guess) 24 2012 dollars. He pays normal income on the 6 dollars he made (he didnt make 15 -- not really).
If a person bought a painting for $10,000 in 1985 and sells it tomorrow for $20,000 there would be no tax because $10,000 1985 dollars are worth more than $20,000 2012 dollars.
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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 |
Sgian_Dubh posted:
Brother_Tempus posted:
-Rando- posted:
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.
< trolling by pretending to be retarded.>
Give it up already. FFS, anarchy doesn't work. Business likes stability, and stability only comes from some form of government administering law.
No no isolationism, anarchy and the gold standard are totally viable options for the USA, vote Ron Paul for none of that, but vote Ron Paul anyway!
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levgre Posts: 606
Registered: 2001-10-24 07:24:49
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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 |
The reason this is relevant, is Romney/Republicans constantly talks about how the rich are being squeezed out by taxes, yet many of the rich are paying tax rates lower than middle-class citizens.
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Terminius_Est Title: Moon River
Posts: 894
Registered: 2002-2-27 06:08:05
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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 |
We should all pay the same rate.
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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 |
levgre posted:
The reason this is relevant, is Romney/Republicans constantly talks about how the rich are being squeezed out by taxes, yet many of the rich are paying tax rates lower than middle-class citizens.
No, that's the way you always frame it for others.
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