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There's something deeply wrong here!

It's okay Cotton. If we elect Romney, then we'll all be rich... And, we get to have magic underwear and multiple wives!

It's gonna be Paradise, man! I just know it! ;)
 
Hey, American Idol Nation gets what it deserves, we elected them.

Class warfare is not the answer, a no deductions, no exemptions simple tax code will fix the problem.

"Taxing the rich until they are poor" has been tried.

If the average college graduate cannot prepare his/her Federal Income Tax worksheet, all arguments about what this guy or that guy pays are irrlevant.

Also, I figure said teacher paid 25% on TAXABLE income, maybe $20K, or $5,000.

I read where Mitt paid $3,000,000.

We all drive on the same roads, use the same Federal mails, shit in the same Federally subsidized sewers, etc.

Seems Mitt paid enough.

BTW, I do not see you advocating for the UN to tax your lily-white ass to feed the starving masses of the world.

Any class warfare argument you make falls apart when we view ourselves as WORLD citizens, as oppossed to this silliness that passes for "fair and equitable income-redistribution" in places like PJ's.

You see all these little Aztecs running around the GOUSA these days, doing the work Americans will not do.

They may roast your little grandson's liver one day, after all, it was fattened by the sweat of their brows, right?

Mind how you throw that class warfare crap around, and read a little about the Russian Civil War of the 1920's, or the Great Leap Forward and the Cultural Revolution in China.

Then get back with me, you old .01%'er, doing YOUR part to "eat up all the flesh from off the Earth."*



*Have widened my horizons lately, reading stuff that puts all this American Idol Nation crap in perspective.
 
Hmmm, Cotton, I think Greenridge nailed it. You are comparing an average tax rate with a marginal one. Maybe that's what's "wrong" there?
 
YouCantHandleDaTruth said:
VERY VERY VERY powerful, pisses me off...

I know some 5%ers that pay more than Romney...this isn't going to sit well with Americans
Click to expand...

Taxes on investment income are lower because it is a second taxation on corporate income (which averages 27%). Add it together and you get a (more or less) 40.9% rate on Mitt Romney. What you are doing is akin to saying my state sales taxes on my purchases don't increase my (overall) state tax rate above the 2.8% income tax. Your math doesn't add up...
 
That's an interesting argument. You realise, of course, that you are assuming that the income was originally taxed at the higher rate. So, what about old money that lives entirely off of investments?
 
wobblies said:
That's an interesting argument. You realise, of course, that you are assuming that the income was originally taxed at the higher rate. So, what about old money that lives entirely off of investments?
Click to expand...

I'm assuming that investment income (taxed at 15%) comes from investments (in businesses that pay taxes on their earnings before paying out cap gains or dividends that are the same income taxed again).
 
Yes. You are comparing apples and oranges. The 13.9% is a secondary tax rate. The money was taxed at the original 25% first, but you are only showing the 13.9% SECOND tax here. The school teacher gets taxed at 25% but no doubt has several or many deductions making her ACTUAL tax rate much lower then 25%.

So in actuality, Mitt Romney's tax rate is higher than what is shown here...........and the school teacher's is lower.

By choosing only certain numbers from the whole........... and pretending they are the only numbers........... it is easy to make it look like something is wrong here.

But yes.........something IS wrong. It's just not what you thought it was.
 
call it apples and grapes or anything else u so desire, AGAIN, we need tax reforms! even u kind and thoughtful Repubs can agree on that.
 
Cotton2226 said:
we need tax reforms (PERIOD)
Click to expand...

Sure we do. As a start, if these low (double) tax rates on dividends and capital gains upset the left so, how about we raise the dividend and cap gains taxes to ordinary income rates and lower the corporate tax rate to a flat 15%?
 
NightSwimmer said:
It's okay Cotton. If we elect Romney, then we'll all be rich... And, we get to have magic underwear and multiple wives!

It's gonna be Paradise, man! I just know it! ;)
Click to expand...

"For every $1.00 we put into Unemployment, we put $1.50 into the Economy."

Hey, I think we should all quit our jobs, so that the American Economy will take off!
 
Yes, of course something's wrong. So what's the lesson? A poster with a deceitful message is misleading to dopes?
 
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