General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRomney just lost the general election
http://abcnews.go.com/blogs/politics/2012/01/romney-reveals-his-tax-rate-is-probably-closer-to-15-percent/If you get this out there now. Every medium available.
Skittles
(153,150 posts)you can bet it is way under
Glimmer of Hope
(5,823 posts)He should be embarrased.
TheCowsCameHome
(40,168 posts)Right, Mitt.
kentuck
(111,079 posts)He's only worth $250 million dollars! Sheesh!
julian09
(1,435 posts)TheCowsCameHome
(40,168 posts)Right, Mitt?
southernyankeebelle
(11,304 posts)julian09
(1,435 posts)Warren DeMontague
(80,708 posts)otherwise, you would have seen action on capital gains rates a long time ago.
Joe Shlabotnik
(5,604 posts)stockholmer
(3,751 posts)this rate. The fault is that capital gains are not taxed as ordinary income, plus a myriad number of other loopholes. All Romney is going to do to deflect this is list off a bunch of Democrats (Nancy Pelosi, Jay Rockefeller, etc) and their wealthy backers (George Soros etc) who pay the close to the same rate as him, as well as point out that the bottom 45% of Americans pay no federal income tax or get money back. (And yes, I am very aware that no matter how poor you are, you pay sales tax, FICA, and health expenses).
I agree it is outrageous that people like Romney pay so little, but he is hardly alone.
FarLeftFist
(6,161 posts)Playing the "45% of Americans pay no federal income tax or get money back" card is going to miserably FAIL because most of those people are senior citizens who have already paid fed income tax on their SS or people with disabilities who are unable to work.
DesertFlower
(11,649 posts)Cali_Democrat
(30,439 posts)WTF is he hiding? Many folks applying for a mortgage have to provide their tax returns. This guy wants to be President.
Bozita
(26,955 posts)And you can bet on his rate being closer to 10% than 15%.
msongs
(67,395 posts)Ilsa
(61,694 posts)He can't help the tax rates. But he can help his attitude and knowledge about money and what is a meaningful amount. This comment and the $10,000 bet are an insult to normal working people.
pa28
(6,145 posts)If we can't find a way to nail him with that fact we probably deserve to lose.
stockholmer
(3,751 posts)Life Long Dem
(8,582 posts)I'd say it's closer to GE's.
WillyT
(72,631 posts)tech3149
(4,452 posts)Very high-income people of this country pay roughly 15 percent of taxes if their resources are coming from investments, and under their plan it would go to zero, said Romney. I just dont think thats the right course. I think that with our precious dollars we should focus on providing relief tax relief really in two areas: one is for middle-income Americans that have been hurt the most and secondly is to bring our corporate tax rates to a level where we could draw people from other countries to bring their funds into this country.
Really?? I mean seriously. Richie Rich only pays about 15% ( not counting those rebates and deductions that can take it to 0%) And you just want to say "Screw It" and just let them slide?
Well you can just kiss my tired old skinny white ass if you think I'll let that fly. I worked my ass off for a whole lot of years to finally get a decent income. I never payed less than 30% in federal taxes, add another 3-6% state income taxes.
You know what? I'm glad I could do that. It wasn't a burden or a theft, it was my goddamned responsibility!
How's this for an idea? If paying taxes at whatever rate is such a burden, why don't you take all that money you're keeping and go buy an island. Set up your own utilities, security, build your own house, roads and whatever else you need. Don't have the skills to do that? No problem! Most of us 99%r's can do that shit in our sleep and still have the energy to play a game of softball after a 16hr day. Oh, by the way that $20-30 an hour salary? Kiss that shit goodbye. It'll be no less than $150/hr plus travel and living expenses. That will include liquor, drugs,entertainment and any other shit we can think up. REMINDER: Many of us have seen those bullshit expense reports submitted by these "Captains of Industry". Just try and justify that $600 for nine holes as a legitimate business expense. Not gonna fly with me and I figure the rest of the country.