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Old 09-20-2012, 11:08 AM  
Mr. Laz Mr. Laz is offline
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Unless you are a millionaire, Romney plans on raising your taxes

"The study was conducted by researchers at the nonpartisan Tax Policy Center, a joint project of the Brookings Institution and the Urban Institute ....

What would that mean for the average tax bill? Millionaires would get an $87,000 tax cut, the study says. But for 95 percent of the population, taxes would go up by about 1.2 percent, an average of $500 a year."

http://www.taxpolicycenter.org/Uploa...Tax-Reform.pdf

http://www.washingtonpost.com/busine...COX_story.html
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Old 09-24-2012, 07:48 PM   #16
J Diddy J Diddy is offline
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I have been thinking the same thing for almost 4 years now. God you are smart
[quote]
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Old 09-24-2012, 07:50 PM   #17
chiefzilla1501 chiefzilla1501 is online now
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Originally Posted by BigRedChief View Post
It's not imaginary that he thinks his paying a 14% tax rate is fair. But everyone else has to pay 20%-30%+.
We don't really know what Mitt Romney paid, because who knows what he has stashed offshore. But if we're going with pure #'s, 14% isn't really 14%. 20% off claimed income was in the form of charitable contributions.

I don't see a problem with charitable contributions being deducted. If government is about public welfare, then 1/3 of his dollars was going for public good.

Again, this assumes that the $'s he claimed is actually the $'s he earned, which it likely is not.
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Old 09-24-2012, 07:51 PM   #18
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[quote=J Diddy;8947165]
Quote:
Oh I see....
I see what you did...
Your funny man, funny, really good stuff, good good stuff

Seriously, though, you write your own stuff, because it's good stuff.[/Stewie Griffin]
You just came in last. But hay. Obama has a nice pretty ribbon for losers to.
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Old 09-24-2012, 07:58 PM   #19
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Originally Posted by BigRedChief View Post
Okay, so I exaggerated. Let's go with the "average" person pays a 20%-30% tax rate.

The "average" tax rate for someone making $50K is 20%. Is it fair for Mitt is pay a 14% tax rate when Joe smith has to pay 20%?
Dude, I KNOW you are better at math than this. You are MUCH better as a matter of fact.

A married guy with two kids earning $50k taking all the deductions they can SHOULD end up with a tax rate between 12% and 14%... and that includes payroll taxes... which should NOT be included to make a fair comparison but whatever.

This doesn't include state taxes and such, but neither did Romney's.
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Old 09-24-2012, 08:43 PM   #20
BigRedChief BigRedChief is offline
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Dude, I KNOW you are better at math than this. You are MUCH better as a matter of fact.

A married guy with two kids earning $50k taking all the deductions they can SHOULD end up with a tax rate between 12% and 14%... and that includes payroll taxes... which should NOT be included to make a fair comparison but whatever.

This doesn't include state taxes and such, but neither did Romney's.
I just care enough I guess. Romneys tax rate is not a big deal to me. The inequity of the tax code is whats important to me. It's just not fair that millionaires/billionaires/mega corporations pay a lower tax rate than the average middle class family. And yes, I am generalizing and College algebra about killed me. Got a ****ing C in theoritical physics so no, I suck at math.
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Old 09-24-2012, 09:21 PM   #21
HonestChieffan HonestChieffan is offline
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Originally Posted by BigRedChief View Post
I just care enough I guess. Romneys tax rate is not a big deal to me. The inequity of the tax code is whats important to me. It's just not fair that millionaires/billionaires/mega corporations pay a lower tax rate than the average middle class family. And yes, I am generalizing and College algebra about killed me. Got a ****ing C in theoritical physics so no, I suck at math.
You have such a poor understanding of the tax code based on this thread, you may want to reconsider your feelings of how unfair it is.
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Old 09-24-2012, 09:26 PM   #22
AustinChief AustinChief is offline
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Originally Posted by BigRedChief View Post
I just care enough I guess. Romneys tax rate is not a big deal to me. The inequity of the tax code is whats important to me. It's just not fair that millionaires/billionaires/mega corporations pay a lower tax rate than the average middle class family. And yes, I am generalizing and College algebra about killed me. Got a ****ing C in theoritical physics so no, I suck at math.
Damn I thought you were a math guy. My bad.

I am a proponent of a true progressive tax code... but you have to weigh effects you will have on the overall economy. The fact is, NOW is the absolute wrong time to look at tax increases of ANY kind. Unfortunately, when the economy is going strong and the time is RIGHT for changes... the public will shout "NO NO everything is good, don't change anything!!!"

I have said this many times before. The answer that works will be one that creates a system where it makes more sense for the wealthy to pay taxes than to avoid them. They have to be low enough (not sure what that means exactly) and harder to get around (again being vague, I know) and the advantages to staying in America have to be tangible enough to keep people from simply taking their money and going to someplace with a friendlier tax code. Simply saying "It's not fair" doesn't solve anything even if it may be true.

And to be clear... most people with any money (let's say $50k+) pay about the same effective tax rate... 10-20% regardless of income. Please stop buying into the LIE that millionaires pay a lower effective rate (some do, some don't but most are pretty close). What you can be upset over is that our supposedly progressive tax code, no longer truly is at all.

No that doesn't mean we need a flat tax... unless it is combined with a consumption tax. The problem there is that once you add a NEW tax, you're eventually going to see both creep up until we are taxed to death.
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Old 09-24-2012, 09:29 PM   #23
Direckshun Direckshun is offline
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Originally Posted by AustinChief View Post
I am a proponent of a true progressive tax code... but you have to weigh effects you will have on the overall economy.
A surprising piece of moderation in a pretty thoughtful post by Austin Chief.

Well done, AC, though I do disagree with parts.
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Old 09-24-2012, 10:48 PM   #24
Comrade Crapski Comrade Crapski is offline
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Originally Posted by Laz View Post
"The study was conducted by researchers at the nonpartisan Tax Policy Center, a joint project of the Brookings Institution and the Urban Institute ....

What would that mean for the average tax bill? Millionaires would get an $87,000 tax cut, the study says. But for 95 percent of the population, taxes would go up by about 1.2 percent, an average of $500 a year."

http://www.taxpolicycenter.org/Uploa...Tax-Reform.pdf

http://www.washingtonpost.com/busine...COX_story.html


Go ahead and run with it.

41 days and it's all over for moonbat messiah.
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Old 09-24-2012, 10:50 PM   #25
Comrade Crapski Comrade Crapski is offline
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Repost. Analysis is based on some imaginary tax plan that has never been endorsed by Romney.
Obama spent $200 million dollars in September running attack ads talking about Bain Capital and what not.

For all that he's neck and neck with Romney in the polls.

If the moonbats wanna run with this for the next 40 days, let them.

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Old 09-24-2012, 10:51 PM   #26
J Diddy J Diddy is offline
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Originally Posted by Tom.Jay61 View Post
Obama spent $200 million dollars in September running attack ads talking about Bain Capital and what not.

For all that he's neck and neck with Romney in the polls.

If the moonbats wanna run with this for the next 40 days, let them.

I guess behind is neck and neck.
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Old 09-24-2012, 10:52 PM   #27
Comrade Crapski Comrade Crapski is offline
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The fact is, NOW is the absolute wrong time to look at tax increases of ANY kind.
Now is not the right time for QE3 to infinity either, but hey, let's not get in the way of Barry's fundamental change forward to progressive utopia.
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Old 09-24-2012, 10:53 PM   #28
Comrade Crapski Comrade Crapski is offline
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I guess behind is neck and neck.
You go on and keep believing the manipulated data.

41 days and Barry's reign of error is over. Thank God.
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Old 09-25-2012, 04:37 AM   #29
2bikemike 2bikemike is offline
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Originally Posted by HonestChieffan View Post
Lets go with facts.

If my income is predominately dividends what is the current tax rate? And after standard deductions....well hey. Its the rate. 15%

You believe the average tax rate for one with 50 grand in gross income is 20% I believe you will find it is 15% and that is adjusted gross income...after standard deductions and such as home mortgage interest. This is for married filing jointly just as the Romneys would file.

Even a single filer would not reach over 28% till they make $178 and change...not 30%

So, try as you may, you are as full of shit as a Christmas Goose.

Standard deduction for MFJ is $11,900. Single Payer $5950.
This is why I never felt sorry for Buffets secretary, She is probably making a monster salary, Ole Warren ought to turn her on to his tax preparer or give her some financial advice. If she is paying considerably more than 15% she is doing something wrong.
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Old 09-25-2012, 07:13 AM   #30
patteeu patteeu is offline
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Originally Posted by BigRedChief View Post
It's not imaginary that he thinks his paying a 14% tax rate is fair. But everyone else has to pay 20%-30%+.
I know someone who is clueless about taxes and needs to go sit at the kiddie table when they are being discussed. Can someone get a really big chair over there at the kiddie table for our big friend here?
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