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Topic:
Romney pays a higher effective tax rate than 97%+ of Americans [Locked] |
Sansfear  Posts: 757
Registered: 2008-8-31 05:04:52
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Date Posted:
1/1/00 12:00am
Subject:
Romney pays a higher effective tax rate than 97%+ of Americans |
People keep pointing at the 15% capital gains number and trying to compare them directly against the income tax brackets.
The real comparison should be actual income tax paid as a percentage of your AGI.
According to IRS statistics, the effective tax rate does not pass 15% until you get into the $200K+ income bracket.
http://www.irs.gov/pub/irs-soi/09in11si.xls
Those earning 100-200K pay effective 11.9% of their AGI in taxes.
Those earning 75-100K pay effective 8.5% and it goes down from there.
Those making 200K or less make up 97% of filers. |
Scarne  Title: Capo di Scientifico
Posts: 1,087
Registered: 2001-7-23 15:24:34
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Date Posted:
1/1/00 12:00am
Subject:
Romney pays a higher effective tax rate than 97%+ of Americans |
Don't be dumb. 
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E Pluribus Unum
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Date Posted:
1/1/00 12:00am
Subject:
Romney pays a higher effective tax rate than 97%+ of Americans |
The whole debate is misleading. You can't compare differing tax rates and act like they are the same.
I might as well be pissed that Mitt Romney only paid 6.5% taxes on the groceries he bought here in Florida because I'm in the 25% income tax bracket.
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The fact that the internet collective is so overwhelmingly supportive of Ron Paul is proof that he is the champion for idiots! .. Corky_Aloof
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Akza  Posts: 271
Registered: 2002-9-8 18:02:25
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Date Posted:
1/1/00 12:00am
Subject:
Romney pays a higher effective tax rate than 97%+ of Americans |
Eh?
I do not make nearly 200k and last year i paid 19.5% effective tax rate.
you guys can fark yourselves. romney makes a whole lot more than i do. i even sold some stocks i had big losses on to reduce my tax liability.
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Bonzoboy1 Posts: 885
Registered: 2008-8-1 18:04:29
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Date Posted:
1/1/00 12:00am
Subject:
Romney pays a higher effective tax rate than 97%+ of Americans |
It isn't hard since 47% of Americans don't pay any federal income taxes and are just riding the coattails of others.
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Politicians are like diapers, they should be changed often and for the same reason.
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reesescups Title: //Captain America
Posts: 2,537
Registered: 2003-5-26 14:45:53
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Date Posted:
1/1/00 12:00am
Subject:
Romney pays a higher effective tax rate than 97%+ of Americans |
Sansfear posted:
People keep pointing at the 15% capital gains number and trying to compare them directly against the income tax brackets.
The real comparison should be actual income tax paid as a percentage of your AGI.
According to IRS statistics, the effective tax rate does not pass 15% until you get into the $200K+ income bracket.
http://www.irs.gov/pub/irs-soi/09in11si.xls
Those earning 100-200K pay effective 11.9% of their AGI in taxes.
Those earning 75-100K pay effective 8.5% and it goes down from there.
Those making 200K or less make up 97% of filers.
Just out of curiosity is this just trolling material or do you actually buy into this type of spin?
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"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
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reesescups Title: //Captain America
Posts: 2,537
Registered: 2003-5-26 14:45:53
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Date Posted:
1/1/00 12:00am
Subject:
Romney pays a higher effective tax rate than 97%+ of Americans |
Bonzoboy1 posted:
It isn't hard since 47% of Americans don't pay any federal income taxes and are just riding the coattails of others.
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"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
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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:
Romney pays a higher effective tax rate than 97%+ of Americans |
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It used to amaze me that people believe such crap and more than that, extend what is actually claimed to include the crap that the authors of such partial truth gambits wants them to believe based upon it.
Then I started posting here.
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theredkay1 Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:00am
Subject:
Romney pays a higher effective tax rate than 97%+ of Americans |
I give the OP credit for complaining about other unnamed people abusing numbers...and then 2 lines later he tries to pull the same trick. Well done.  |
IMHO Title: Official Outpost Greeter
Posts: 2,287
Registered: 2001-11-1 03:55:02
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Date Posted:
1/1/00 12:00am
Subject:
Romney pays a higher effective tax rate than 97%+ of Americans |
Bonzoboy1 posted:
It isn't hard since 47% of Americans don't pay any federal income taxes and are just riding the coattails of others.
If we kicked those free loaders that are in prison out on the street they would have to get a job and that would really cut into that 47%!!!
 Newt 2012 WoOt WoOt WoOt
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