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Romney just explained his tax proposal...

Lukey

Lukey

Senator
A $17,000 bucket that you can fill with deductions. If you don't fill it up you don't get the full $17,000 credit. If you go over it $17,000 is all you can deduct. My guess is $17,000 is the average for middle class income folks. And in exchange, we lower rates. So now all you people whining about what (specifically) he'd do away with can STFU!
 
Lukey said:
A $17,000 bucket that you can fill with deductions. If you don't fill it up you don't get the full $17,000 credit. If you go over it $17,000 is all you can deduct. My guess is $17,000 is the average for middle class income folks. And in exchange, we lower rates. So now all you people whining about what (specifically) he'd do away with can STFU!
Click to expand...
Have you heard of links, Sparky?
 
IndependentinWis said:
What abut the tax on Capital gains income? Romney and the Repubs want to eliminate it altogether.
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Yup. If the very wealthy get Willard's proposed 20% tax cut on income, and even more relief as to capital gains, they stand to gain countless billions regardless of what is done with deductions. The middle class would take the hit.
 
Lukey said:
A $17,000 bucket that you can fill with deductions. If you don't fill it up you don't get the full $17,000 credit. If you go over it $17,000 is all you can deduct. My guess is $17,000 is the average for middle class income folks. And in exchange, we lower rates. So now all you people whining about what (specifically) he'd do away with can STFU!
Click to expand...

Mitt Romney's tax plan would be a boon for the wealthy, but a tax hike for 95% of Americans, according to a new nonpartisan study.

Yet another reason to vote against Romney.

His plan is just as bad as I feared

http://2012.talkingpointsmemo.com/2012/08/study-romney-plan-would-raise-taxes-on-95-of-americans.php
 
If true, I'm better off personally with Obama...wow.

Or if every study I've seen of his loophole-closing proposals (as vague as they are) are true, that those earning (me, for one) between 100k and 200k are accurate, I'm still personally better off with Obama.

And I know I'll lose that $2500 college tuition tax credit I receive for forking out half of my daughter's 50k in college tuition every year (half of it is funded by scholarships) if Romney is elected.

When I think of Romney, I want to grab my wallet.
 
MrPinko said:
If true, I'm better off personally with Obama...wow.

Or if every study I've seen of his loophole-closing proposals (as vague as they are) are true, that those earning (me, for one) between 100k and 200k are accurate, I'm still personally better off with Obama.

And I know I'll lose that $2500 college tuition tax credit I receive for forking out half of my daughter's 50k in college tuition every year (half of it is funded by scholarships) if Romney is elected.

When I think of Romney, I want to grab my wallet.
Click to expand...

This whole Mitt tax angle, hints me at this flat tax scheme that Steve Forbes is continuing to pimp. C'mon folks....how stupid to you gotta be, to actually believe that filthy rich people are going to forward a scheme that isn't in THEIR favor? And....as the tax-math people continue to remind us, if it benefits THEM, someone's gotta make it up and their ain't no other "someone", but us.
 
HMMM well Romney better go back to the drawing board or he will loose a LOT of upper middle class vote. That little stunt will likely cost me about $6K in taxes.


connie
 
MrPinko said:
If true, I'm better off personally with Obama...wow.

Or if every study I've seen of his loophole-closing proposals (as vague as they are) are true, that those earning (me, for one) between 100k and 200k are accurate, I'm still personally better off with Obama.

And I know I'll lose that $2500 college tuition tax credit I receive for forking out half of my daughter's 50k in college tuition every year (half of it is funded by scholarships) if Romney is elected.

When I think of Romney, I want to grab my wallet.
Click to expand...

'cause you still have the $400 tax break obama gave you sitting in there?

save it though.. you're going to need it for your obamacare 'savings'
 
No matter what the proposal,,, the lib media will howl and hiss on behalf of Obama who wants to destroy the USA.
 
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