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Faryn Balyncd
Faryn Balyncd's Journal
Faryn Balyncd's Journal
October 19, 2012
Though Mitt and Ryan are arithmetically challenged, here's the math any fence-sitting independent can easily understand:
- - - showing how a middle class entrepreneur pays 75% higher federal tax rate than Mitt (any other capital gains/carried interest/One Percenter)
- - - how Mitt pays roughly the same, or a slightly lower federal rate than a typical family in the 47% he falsely maligns as "not paying taxes"
and this easily digested information detailing the GOP assault on the Middle Class is just begging to be Emailed, Tweeted, cross-posted or Facebooked to every fence-sitting independent, relative, or co-working interested in the survival of the middle class:
www.Former-Republican.com
Between now and November 6, the lies from the Fox "News"/RW Wurlitzer will be the most intense & brazen we have ever seen. How else can the GOP try to convince independents (as well as 90% of the Republican base) to ignore & vote against their own interests?
Since the corporate media won't do their job, let's take the math VIRAL.
(Here's a cross posting of the article at Robert Parry's Consortium News:
http://consortiumnews.com/2012/10/16/how-romney-harms-the-middle-class/)
Here's the MATH showing how Mitt has a lower federal tax rate than "non taxpaying 47%ers":
Though Mitt and Ryan are arithmetically challenged, here's the math any fence-sitting independent can easily understand:
- - - showing how a middle class entrepreneur pays 75% higher federal tax rate than Mitt (any other capital gains/carried interest/One Percenter)
- - - how Mitt pays roughly the same, or a slightly lower federal rate than a typical family in the 47% he falsely maligns as "not paying taxes"
and this easily digested information detailing the GOP assault on the Middle Class is just begging to be Emailed, Tweeted, cross-posted or Facebooked to every fence-sitting independent, relative, or co-working interested in the survival of the middle class:
www.Former-Republican.com
Between now and November 6, the lies from the Fox "News"/RW Wurlitzer will be the most intense & brazen we have ever seen. How else can the GOP try to convince independents (as well as 90% of the Republican base) to ignore & vote against their own interests?
Since the corporate media won't do their job, let's take the math VIRAL.
(Here's a cross posting of the article at Robert Parry's Consortium News:
http://consortiumnews.com/2012/10/16/how-romney-harms-the-middle-class/)
October 13, 2012
Mitt Romney's GOP & the Decimation of the American Middle Class
Former-Republican.com
So why are small business owners rejecting what in 2012 passes for "conservatism" in the GOP?
Could it be that they see through Mitt Romney's arithmetic?
Could it be they are nauseated by a GOP that wants to shift even more of the tax burden to the middle class?
Perhaps tiring of paying significantly higher rates than the historically low rates now paid by billionaires, hedge fund managers, other investment executives, and Republican presidential candidates?
Or might they find it offensive when a politician falsely maligns "the 47%" of fellow Americans for "not paying taxes", when that same politician in reality has an effective federal tax rate virtually the same, or even slightly lower, than some of those he maligns?
. . . . . (snip). . . .
Turning "Progressive" Taxation Upside Down
Let's start by comparing the CURRENT total federal tax rates for a small business owner with the tax rates for Gov. Romney: . . . .
. . . . . (snip). . . .
Let's now consider the taxation of a member of the maligned "47%". . . . .
. . . . . (snip). . . .
. . .this family of 4, part of the "47%" who "pays no taxes", will again have a total effective federal tax rate that is between 0.3% and 1.3% HIGHER than the total effective federal tax rate on Mitt Romney's combined 2010 and 2011 income. . .
. . . . . (snip). . . .
The effective abandonment of the principle of progressive taxation has resulted in a harshly regressive system that taxes financial elites at rates much lower than middle class entrepreneurs (in Mitt Romney's case at rates (13.9% to 14.1%) significantly lower than the federal tax rate (19.1% to 25.6%) of a small business owner earning roughly $100k). . . . . . . and which taxes these financial elites with over $20 million in annual earnings at roughly the same federal tax rate as it taxes a hard working member of "the 47%" who is falsely maligned as "paying no taxes".
. . . . . (snip). . . .
So, now that we have turned tax rates upside down, and created a tax system when the top one per cent are now taxed at:
- - historically low rates (with effective tax rates approximately half of what the most wealthy paid in the 1950's and 60's, during the most sustained period of economic expansion and prosperity in American history), and
- - rates that are much lower than the rates for small business owners and other working Americans, and
- - in the same ball park, or perhaps slightly lower, than the actual federal tax rate for many of the 47% of Americans who have been falsely maligned as "paying no taxes"
what is Mitt Romney's proposed "solution" ? . . .
. . . . . (snip). . . .
. . . middle class Americans are finding no friend in the Republican Party of Mitt Romney and Paul Ryan.
http://www.former-republican.com
Former Republican: "Mitt Romney's GOP & the Decimation of the American Middle Class"
(a good read for some of your independent relatives & co-workers)
While Mitt refuses to do the math on his tax plan, this article DOES the math on what is CURRENTLY being paid...
And shows that Mitt (& fellow capital gains/"carried interest" 1%ers) are paying about 60% of rate than an average middle class entrepreneur....
And that Mitt pays a similar to slightly lower tax rate than a family that he labels "non tax-paying" 47%ers.
Mitt Romney's GOP & the Decimation of the American Middle Class
Former-Republican.com
So why are small business owners rejecting what in 2012 passes for "conservatism" in the GOP?
Could it be that they see through Mitt Romney's arithmetic?
Could it be they are nauseated by a GOP that wants to shift even more of the tax burden to the middle class?
Perhaps tiring of paying significantly higher rates than the historically low rates now paid by billionaires, hedge fund managers, other investment executives, and Republican presidential candidates?
Or might they find it offensive when a politician falsely maligns "the 47%" of fellow Americans for "not paying taxes", when that same politician in reality has an effective federal tax rate virtually the same, or even slightly lower, than some of those he maligns?
. . . . . (snip). . . .
Turning "Progressive" Taxation Upside Down
Let's start by comparing the CURRENT total federal tax rates for a small business owner with the tax rates for Gov. Romney: . . . .
. . . . . (snip). . . .
Let's now consider the taxation of a member of the maligned "47%". . . . .
. . . . . (snip). . . .
. . .this family of 4, part of the "47%" who "pays no taxes", will again have a total effective federal tax rate that is between 0.3% and 1.3% HIGHER than the total effective federal tax rate on Mitt Romney's combined 2010 and 2011 income. . .
. . . . . (snip). . . .
The effective abandonment of the principle of progressive taxation has resulted in a harshly regressive system that taxes financial elites at rates much lower than middle class entrepreneurs (in Mitt Romney's case at rates (13.9% to 14.1%) significantly lower than the federal tax rate (19.1% to 25.6%) of a small business owner earning roughly $100k). . . . . . . and which taxes these financial elites with over $20 million in annual earnings at roughly the same federal tax rate as it taxes a hard working member of "the 47%" who is falsely maligned as "paying no taxes".
. . . . . (snip). . . .
So, now that we have turned tax rates upside down, and created a tax system when the top one per cent are now taxed at:
- - historically low rates (with effective tax rates approximately half of what the most wealthy paid in the 1950's and 60's, during the most sustained period of economic expansion and prosperity in American history), and
- - rates that are much lower than the rates for small business owners and other working Americans, and
- - in the same ball park, or perhaps slightly lower, than the actual federal tax rate for many of the 47% of Americans who have been falsely maligned as "paying no taxes"
what is Mitt Romney's proposed "solution" ? . . .
. . . . . (snip). . . .
. . . middle class Americans are finding no friend in the Republican Party of Mitt Romney and Paul Ryan.
http://www.former-republican.com
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Member since: Wed Nov 23, 2005, 09:15 AMNumber of posts: 5,125