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Tax returns are a deal breaker

Started by RecycleMichael, August 05, 2012, 10:50:19 PM

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erfalf

Quote from: Hoss on September 28, 2012, 01:50:38 PM
I think Mitt is the silver bullet this election.  At least his mouth is....

Arguably, yes!

Is it me, or is this the Obama strategy. Say as little as humanly possible and hope the opposition looses it.
"Trust but Verify." - The Gipper

Conan71

Quote from: erfalf on September 28, 2012, 01:52:18 PM
Arguably, yes!

Is it me, or is this the Obama strategy. Say as little as humanly possible and hope the opposition looses it.

Challenge a liberal to come up with any specific policies which have been enacted in the last four years that have resulted in an uptick in employment, a definitive energy policy to help control oil prices, and any number of social issues and I have yet to hear a direct answer.  It's always deflected back to Bush, Romney's tax returns, Bain Capital, the GOP majority in Congress, or he got Obamacare passed (note original promise was a $2500 per year savings to American families, instead they pay $3000 more per year) and killed Bin Laden.

I do hear, however, that now all the sudden the president has a five point plan to create jobs.  WTH was this plan almost four years ago?  Oh yeah, I forgot the "healthcare overhaul" was far more impotent. 

If Obama is re-elected in November who is he going to blame now for the sorry state of things he's inherited?  The GOP Congress?

It's also shocking the volume of enablers and apologists he's got in the media.
"It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first" -Ronald Reagan

Teatownclown


Conan71

"It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first" -Ronald Reagan

Teatownclown


Red Arrow

Quote from: nathanm on September 28, 2012, 01:05:47 PM
I make a big deal out of some people being allowed to pay tax at a rate half of what other people with lower incomes do, yes.

I would like to make a gross income of what Romney paid in taxes.
 

nathanm

Quote from: Red Arrow on September 28, 2012, 09:16:46 PM
I would like to make a gross income of what Romney paid in taxes.

So would I. I'd even be happy to pay tax on it as if it were earned income.
"Labor is prior to and independent of capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration" --Abraham Lincoln

Red Arrow

#247
Quote from: nathanm on September 28, 2012, 10:11:12 PM
So would I. I'd even be happy to pay tax on it as if it were earned income.

Some people are able to contribute to society with their labor.  Some are more able to contribute with other assets.  Please look again at the overall income tax contribution of a median income tax payer.  I expect you will come back with a bunch of issues about property tax, payroll tax that benefits costs lower income tax payers far more than upper income tax payers (even though they will benefit far more as a percentage of their payments than upper income payers.......
 

nathanm

Quote from: Red Arrow on September 28, 2012, 10:21:25 PM
Some people are able to contribute to society with their labor.  Some are more able to contribute with other assets.

Why do people who don't work for their income deserve to contribute less? Doesn't that make them takers in Romney's parlance?
"Labor is prior to and independent of capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration" --Abraham Lincoln

Red Arrow

Quote from: nathanm on September 28, 2012, 10:28:46 PM
Why do people who don't work for their income deserve to contribute less? Doesn't that make them takers in Romney's parlance?

What was your effective tax rate for the last 10 years based on your AGI?  You conveniently neglect things like standard deduction and personal exemption(s) that have a greater effect on most of us than the upper 1%.

Then consider things like a 401K and possibly a mortgage deduction.  If you have a 5 or low 6 figure (left of the decimal point) income, these are far more significant to you than a lower tax rate for the really weathy.
 

nathanm

I'll say it was a higher rate than Romney, not counting payroll tax.
"Labor is prior to and independent of capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration" --Abraham Lincoln

nathanm

Regarding Romney's 47% commentary:



Next time, Mitt, only discount the experience of 7% of the country. It doesn't sound nearly as bad as 47%. And isn't as stupid, either.
"Labor is prior to and independent of capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration" --Abraham Lincoln

Hoss


Conan71

What ever happened to Gloria Allred's October surprise?  Or did she conjure Hurricane Sandy?
"It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first" -Ronald Reagan

nathanm

Quote from: Conan71 on November 06, 2012, 09:12:34 AM
What ever happened to Gloria Allred's October surprise?  Or did she conjure Hurricane Sandy?

It turned out to be nearly as dumb as Trump's. Romney testified to the value of Staples shares in a divorce proceeding and possibly lowballed it, leading the Staples founder's ex-wife to sell most of her shares before the IPO for $20 less than the IPO price. She apparently regularly goes back to court to try to get more money out of her ex-husband, this just being the latest instance of trying to shake him down.
"Labor is prior to and independent of capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration" --Abraham Lincoln