So Romney Pays A 15% Tax Rate and Still Wants Lower Taxes?

Well it must be nice to have a quarter of a billion dollars and pay a 15% tax rate on your income, not your quarter of a billion, but you annual income and still want to lower taxes. If the people that have all the money aren't paying taxes at the rate most Americans are paying, is it any wonder our National Debt is skyrocketing every year and they blame Obama for raising the debt ceiling programs he didn’t even enact but still have to be paid for?

Pah-leeeeez! Keep defending your wealthy elite you Righties, they'll have this country run into the ground in no time with your help. This is why ideology loses when it comes up against reality. Facts tell a better story than fictional ideological fairytales like the ones you losers routine spew. Hope I don’t sound angry because I am way more disgusted by you guys than angry. How many of you rocket scientists are paying a 15% income tax? Another question you will not answer.

I must just be envious of his wealth to point all this out or maybe simply appalled at the unabashed greediness of the wealthy elite and their wholly owned subsidiary, the GOP not to mention those morons that keep carrying water for them.

 

As a 69%er, my effective federal tax rate was 5.14% last year according to TurboTax.

 

Being a 69%er, I'd say you're just fine. But, like any other American citizen, you're more than welcome to write a check to the IRS for any extra amount you'd like. Say, for instance, if you're in the top 5%, I'd say you could probably write the IRS at least a $50,000 check (just to help the poor of this country and to help us get back on our feet). Really, it's the patriotic thing to do. But, no one should force you to pay.

 

In 2009, when I was only a 59%er, my effective tax rate was 1.68%. And in 2008, when I was a lowly 34%er, my effective tax rate was -6.45%. Yes, that is a negative sign there.

 

As January 20th rolls around again and we recognize the anniversary of some of the most selfless words ever spoken by an American President, we should take a moment to contrast those immoral words with the view from the current Right-wing in this country.

And so, my fellow Americans: ask not what your country can do for you - ask what you can do for your country.
~John F. Kennedy January 20th 1961.

 

Interesting philosophy. I wonder why the Democrats have changed it to "ask what your country can do for you". I mean now they want the government to give them more unemployment , more welfare, more free education, more medical, more regulations, and more, and more, and more.

BTW, the Republicans of late have been little better.

 

That's what I've been saying all along. What the hell happened to the Democratic party between 1961 and now? It's been taken over by ultra-liberals like Nancy Pelosi, socialists like Bernie Sanders and financiers like George Soros. The Democratic party today is NOTHING like it was in 1961.

 

Romney's a Mormon right? Don't Mormons give something like 30% of their incomes to their church? Or did he find a loophole.

 

What you actually just said was.....

Don't pretend to have any respect for the words of JFK when you just posted a response to someone else that suggests that THEY pay more if they want to while you will only pay whatever you can get away with paying. This typical RW retort has nothing to do with the words of JFK. And you guys use it quite a bit. You are clueless about your own greed and selfish attitude. Contradicting yourself without realization is the height of stupidity and cluelessness.

 

Just curious, but just how does your free higher education and Obamacare fit into your imaginary Democratic world of "ask what you can do for your country"?

 

A question for the libs who are making a big deal about Romney's tax rate....

What should he do differently?

 

He? Nothing. The government? Tax his income regardless of the source at 35% or higher. Clearly all the whining about how much tax these millionaires and billionaires pay is all a smoke screen. They are actually paying about 15%.

Let me ask the cons, is that too high too? Is 15% such a burden that they need to pay even less? I think that they will only be happy when they have to contribute nothing to this great country. Such patriotism.

 

Would you have said the same thing about that former Lion of the Senate, Ted Kennedy's tax dodges? Please try to answer without being hypocritical. Thank you:

... the multi-millionaire Kennedy stood firmly in favor of raising taxes on high earners across the United States, he showed a pronounced reluctance to pay taxes on his own wealth. For many years, Merchandise Mart, the Chicago-based real estate conglomerate that Joseph Kennedy established in 1935, was the most valuable asset belonging to Ted Kennedy and his family. In 1974 Joseph Kennedy divided Merchandise Mart’s ownership among numerous family members, including Ted, in the form of a trust that was domiciled in the Pacific island of Fiji. Because the trust was based in Fiji, it was not subject to the taxes normally imposed on trusts domiciled in the United States.

As of 2005, the tax rate on U.S.-based trusts was 49 percent on everything above the first $2 million. But as of 2005, the Kennedys, who had transferred at least $300 million in trust funds from one generation to another, had paid a mere $132,000 in estate taxes -- a rate of four one-hundredths of one percent. Had they set up those trusts in the United states, they would have owed more than 7,000 times that amount in taxes.

Ted Kennedy also received additional money -- free of inheritance taxes -- from a series of trusts that were established for him in 1926, 1936, 1978, 1987, and 1997.

Kennedy became skilled at avoiding not only inheritance taxes but also property taxes. For example, in 1980 theChicago Tribune conducted an investigation which found that although Merchandise Mart had a market value of $35 million, it had been assessed at only $22.8 million by tax assessor (and Ted Kennedy political ally) Thomas Tully. The low assessment permitted Kennedy and his extended family to decrease their property taxes by some $4 million over the course of two years. Another Kennedy-owned building, Apparel Mart, received similar, preferential consideration from the tax assessor, saving Kennedy and his clan another several million dollars in property taxes.

In yet another maneuver to avoid paying taxes, Senator Kennedy invested hundreds of thousands of dollars in tax-free Massachusetts bonds.

In 1985 Senator Kennedy and his family devised yet another way to avoid paying taxes: They converted their oil companies, Kenoil and Mokeen, from corporate ownership to a royalty limited partnership (i.e., a royalty trust), thereby freeing themselves from having to pay any corporate tax or income tax. Now they pay only a 15 percent capital gains tax.

http://www.discoverthenetworks.org/individualProfile.asp?indid=804

 

Moen, perhaps this will help you answer:

 

As an L E O who makes about 50k a year I don`t care how much Romney makes or what his tax rate is. Taxing him or any other wealthy person at a higher rate is not going to do anything for my bottom line or the nations balance sheet as well. I would rather have a business man who has a formula or an idea on how to create jobs and run a business as President of the U.S. than a know nothing community activist (who is surrounded by Chicago political thugs) and is completly out of his depth as president any day of the week. The progressive democrats would only waste it on another social program anyway.

 

Welcome to the forum, Secretary of War!

 

I don't know how you can actually say that bringing in more revenue will do nothing for whatever it is you consider the bottom line. More revenue always affects the bottom line. That is basic economics. Romney’s economic plan raises the taxes of people like you, making 50K and reduces tax on people like him 40%. Romney is nothing more than a corporacrat that has no interest in people like you or me.
Running a country is nothing like running a business. A government is a nonprofit by nature. Last time I checked, the wealthy in this country were not suffering even a decrease in wealth much less in need of more advantages that will certainly be handed out by the likes of someone like Romney. He could not be more out of touch with anyone that falls into the 99% category.
The wealthy have always paid more in taxes because for one reason, they impact the commons to a far greater degree than you and I could ever dream of. Only since Reagan have the tax rates been so low on the wealthy that our national debt has soared and our middle class has been squeezed to the point where the middle class is disappearing while the ranks of the poor are swelling. I don't believe that given the economic environment of the last 30 years, the wealthy need any more corporate welfare. By subsidizing corporations, we weaken them and make them less competitive on the world market where they will not be subsidized. Corporations should make it on their own and stop their dependence on government. Sound familiar?
Since you're new here, I'll let you know where you stand with me. I have no illusions that I have any ability to change any RW'ers mind. I find most of them rather myopically obtuse. The RW’ers here tend to push the talking point narrative of the last Fox News program they saw. If I had any interest in what Fox News had to say about any issue, and I don’t, I would watch them on my own TV not come here and listen to some RW’er parrot their talking points. Step up your game or risk being just another one of Okie’s bobble heads. And what the hell is a L E O?

 

Don't you find it funny how the libs on this forum always accuse those who disagree with their ideology of being influenced by FOX news? I have told them many, many times that I'm not a FOX watcher (I simply don't have the time to plop in front of the tv) yet they continue to perpetuate the lie...it only serves to diminish what little credibilty they have as far as I'm concerned.

 

Well that is a very interesting statement. Without investing much time at all I came up with this post from another thread by you, the guy that is "not a Fox watcher".

You seem to like to lie to us as much as you can get away with but I find that it is better to tell the truth so you don't have to bother remembering all the lies you've already told. But in your defense, you learned to lie from the best liars ever to grace the cable new channels. So even though you use the same narratives, post their stories, say that you do watch them and then deny it, and defend them unceasingly, you want us to believe that you aren't influenced at all by their slanted viewpoint because you just don't have the time. Funny, you certainly seem to spend a lot of time posting here for someone that has so little time to spare.