General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums... And the truth is, there is something terribly wrong with this country, isn't there?
Now we know: 58 000 dollars a day. Passive income from the money we are looking at. No work of any kind involved at this point. Sitting in off shore banks, creating neither trickle down goop nor jobs.
Good new talking points in our daily interaction.
Sprinkle it into the conversations. Raise some consciousness around you.
It's our job.
NNN0LHI
(67,190 posts)Only difference is more people are beginning to notice.
Don
Mira
(22,378 posts)And the results of the wrong becoming more obvious by the day is another.
Kellerfeller
(397 posts)The author needs to at least compare apples to apples and compare effective tax rates on both.
When I see things like this with obviously deceptive information, it makes me wonder what the truth is and why the author is hiding it.
kctim
(3,575 posts)Why are we trying to "scare" up votes?
I honestly don't even know what you are saying. Are you saying being honest will attract votes or scare them away?
kctim
(3,575 posts)does not show a 15-20% difference in the taxes we pay, so it is not as effective as lumping everything together and telling people they pay more.
Kellerfeller
(397 posts)then it isn't true.
If you want to do a complete analysis on all federal,state, and local taxes (income, sales, property)--loosely including SS and Medicare as a tax, then do so and prove your point.
But to mix obviously flawed data makes the reader question the agenda and accuracy of the conclusion the author is trying to make.
kctim
(3,575 posts)You asked: "Are you saying being honest will attract votes or scare them away?" and I totally read right past that.
I am saying being honest will not attract votes because it will not stir the same anger as lumping all the info together does.
Kellerfeller
(397 posts)One data point was taken from Romney and one different data point from the teacher. That is my point.
lumping it together would be fine and probably best illustrate the point with no perception of deception.
Hell Hath No Fury
(16,327 posts)Kellerfeller
(397 posts)knows that Romney's effective tax rate was in the 14% range. (And that there is no 14% marginal tax range)
They also know that a teacher may be in the 25% marginal tax bracket before deductions. He/she may even be in that bracket after deductions, but unlikely for many teachers due to the low pay. However, anyone with half a brain knows that not only is part of the income not taxed (due to deductions, even if they don't itemize) but not all of the income is taxed at the 25% rate.
So there is really no way a teacher can pay 25% unless they have significant other income or win the lottery.
hfojvt
(37,573 posts)the teacher is very unlikely to be paying 25%.
However, there is a 15% marginal rate for all capital gains
taught_me_patience
(5,477 posts)Romney's tax rate of 15% is his effective rate. The teacher might be in a 25% marginal rate bracket, but after the standard deduction, there is no way her effective rate would be 25%.
Avalux
(35,015 posts)Romney does not have a job - his 'income' comes from money stashed all over the place, doing nothing but making more money for him.
His tax rate of 13.9% is capital gains. If GOPers are successful in reducing the that tax to 0%, Romney will pay NOTHING. NOTHING on 250 million dollars.
So yes - there is something terribly wrong in this country.
Bandit
(21,475 posts)Exxon for the last Decade has made a NET PROFIT after every single expense has been paid Over One Hundred Million Dollars a Day, A Fucking DAY week after week, month after month, year after year, 365 days a year, and yet they still get subsidies and Tax Breaks from the Government......$58,000 a day is nothing but pocket change to them.
Mira
(22,378 posts)There's Romney, worth about 2/3 billion bucks vs. Exxon, and 58 000 bucks a day income and there's a median family income of about 50 000 bucks a year.
Exxon won't compare itself to Romney without laughing, and Romney can't compare himself to the American people without us laughing.
Kind of looks and feels similar, doesn't it?
our country is terribly messed up.
nanabugg
(2,198 posts)A few phone calls into Rush would help.
SammyWinstonJack
(44,129 posts)their hard earned wealth. And I doubt that you would have any better luck trying to convince the brainwashed .
Mosaic
(1,451 posts)He can burn in hell. We must confront him until he backs down. Put him out of business, for the love of God!