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Topic:
Romney pays a higher effective tax rate than 97%+ of Americans [Locked] |
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 |
steelsixsix posted:
Where are the tax gurus?
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Date Posted:
1/1/00 12:00am
Subject:
Romney pays a higher effective tax rate than 97%+ of Americans |
It's these types of capital gains arguments that make conservatives look incredibly stupid. There are legit arguments for a low capital gains tax, but acting like Romney is taking on the chin paying more than 97% of americans is stupid.
Hey asshole...he makes more than damn near everyone else. He should pay more and I'm a Romney supporter!!
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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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Date Posted:
1/1/00 12:00am
Subject:
Romney pays a higher effective tax rate than 97%+ of Americans |
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Isn't his plan for people like him to pay 25%?
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Date Posted:
1/1/00 12:00am
Subject:
Romney pays a higher effective tax rate than 97%+ of Americans |
A lot of plans have lower tax rates but reduce/eliminate the deductions. You'll have to research as there are a lot of "plans" out there.
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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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Groucho48  Posts: 821
Registered: 2003-10-22 03:00:14
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Date Posted:
1/1/00 12:00am
Subject:
Romney pays a higher effective tax rate than 97%+ of Americans |
steelsixsix posted:
reesescups posted:
Groucho48 posted:
So, another way of looking at it is that a family of 4, making 50000 a year paid maybe an income tax rate of 10-12% on that, and a payroll tax rate of 12.4% on that, while Romney payed nothing on his first 50000.
Partisan BS aside...
This is what needs to be addressed.
/But how?
Can't be right. Standard reduction is like 10-11k and each exemption is like 4k, so that is 27k not taxed. Tax on 23k cant be more than 3k. Social security is 7.5% not 12.4%. Where are the tax gurus?
You're right. Teach me to just try to remember numbers. Family of 4 would have a standard deduction and exemptions would be about 27000. Leaving about 23000 to be taxed. 8500 of that would be taxed at 10%, the rest at 15%. So, $850. + 2025 = 2875 in income tax on income of 50000. A little under 6%. Plus payroll taxes, of course.
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Kjarhall Title: The Pungent One
Posts: 915
Registered: 2002-3-1 15:47:21
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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:
Did Romney actually do anything wrong or are people just venting on him?
No, he's just being used as an example for several things: how farked up our tax system is, one reason for the 99% thing, why people are complaining about unfair treatment between income classes, etc.
If i were him, i'd probably do the same. That doesn't mean it should be happening.
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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 |
Kjarhall posted:
Bonzoboy1 posted:
Did Romney actually do anything wrong or are people just venting on him?
No, he's just being used as an example for several things: how farked up our tax system is, one reason for the 99% thing, why people are complaining about unfair treatment between income classes, etc.
If i were him, i'd probably do the same. That doesn't mean it should be happening.
What gets me is that Romney was never in a position to change the tax code, many of his critics on both sides were.
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Kjarhall Title: The Pungent One
Posts: 915
Registered: 2002-3-1 15:47:21
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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:
Kjarhall posted:
Bonzoboy1 posted:
Did Romney actually do anything wrong or are people just venting on him?
No, he's just being used as an example for several things: how farked up our tax system is, one reason for the 99% thing, why people are complaining about unfair treatment between income classes, etc.
If i were him, i'd probably do the same. That doesn't mean it should be happening.
What gets me is that Romney was never in a position to change the tax code, many of his critics on both sides were.
He was in a position to change the state tax code...
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You're a crazy moron*
*http://vnboards.ign.com/outpost/b22180/115147923/r115151508/
hah! true story tho i'm a woman an i even love boobs..how can you not??- HallowEve
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Tych2 Title: Obama Appointed Outpost Czar
Posts: 2,511
Registered: 2005-3-1 06:56:47
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Date Posted:
1/1/00 12:00am
Subject:
Romney pays a higher effective tax rate than 97%+ of Americans |
Kjarhall posted:
He was in a position to change the state tax code...
While he was the state's head, he was never in position to change the state's tax code. Make no mistake that the dems run MA and we've had a string of criminal speakers.
Charles Flaherty Democratic 1991 – April 9, 1996 27th Middlesex District Resigned - pleaded guilty to tax evasion
Thomas Finneran Democratic April 9, 1996 – September 28, 2004 12th Suffolk District Resigned due to allegations of perjury and obstruction of justice
Salvatore DiMasi Democratic September 28, 2004 – January 27, 2009 3rd Suffolk District Resigned - convicted of conspiracy, honest services fraud, and extortion
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Kjarhall Title: The Pungent One
Posts: 915
Registered: 2002-3-1 15:47:21
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Date Posted:
1/1/00 12:00am
Subject:
Romney pays a higher effective tax rate than 97%+ of Americans |
Tych2 posted:
Kjarhall posted:
He was in a position to change the state tax code...
While he was the state's head, he was never in position to change the state's tax code. Make no mistake that the dems run MA and we've had a string of criminal speakers.
Charles Flaherty Democratic 1991 – April 9, 1996 27th Middlesex District Resigned - pleaded guilty to tax evasion
Thomas Finneran Democratic April 9, 1996 – September 28, 2004 12th Suffolk District Resigned due to allegations of perjury and obstruction of justice
Salvatore DiMasi Democratic September 28, 2004 – January 27, 2009 3rd Suffolk District Resigned - convicted of conspiracy, honest services fraud, and extortion
I'd say that being Gov. puts him in position. His being prevented or failing to do it would be another story.
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You're a crazy moron*
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