Romney can't win

#26
#26
lawgator1 said:
Around 5 %.

But I'm not Mormon.

And I also don't make $20.4 million a year more than I need to pay my expenses.
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LMAO. You are the richest 1% of the world. You should be taxed much higher according to your philosophy. Wealth is relative, and you are one of the richest men on the planet. Pay your share in taxes, cheapskate.
 
#27
#27
lawgator1 said:
Around 5 %.

But I'm not Mormon.

And I also don't make $20.4 million a year more than I need to pay my expenses.
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there it is. Love the lefties telling people how much money they need.

The fact is you're trying to confuse by using a rate and not saying what the income actually was. No doubt it will be used if Romney gets the nomination and people will just buy it without any research.
 
#28
#28
utvolpj said:
there it is. Love the lefties telling people how much money they need.

The fact is you're trying to confuse by using a rate and not saying what the income actually was. No doubt it will be used if Romney gets the nomination and people will just buy it without any research.
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Everyone should make the same, don't you understand?
 
#29
#29
utvolpj said:
there it is. Love the lefties telling people how much money they need.

The fact is you're trying to confuse by using a rate and not saying what the income actually was. No doubt it will be used if Romney gets the nomination and people will just buy it without any research.
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People will be asking how many people Romney employed by benefiting from that 15 % max rate on capital gains. When he says none (or I suppose maybe a handful for domestic duties) and that he has hundreds of millions of dollars stored away for a rainy day, they are going to be scratching their heads about why the disparate rate.
 
#30
#30
San Diego Vol said:
Everyone should make the same, don't you understand?
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oh I agree. Everyone should be given $40k/yr in 12 installments and we would be much happier in life. No need to actually do anything for the money just be able to cash that check.
 
#31
#31
utvolpj said:
oh I agree. Everyone should be given $40k/yr in 12 installments and we would be much happier in life. No need to actually do anything for the money just be able to cash that check.
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Ding ding ding
 
#32
#32
lawgator1 said:
People will be asking how many people Romney employed by benefiting from that 15 % max rate on capital gains. When he says none (or I suppose maybe a handful for domestic duties) and that he has hundreds of millions of dollars stored away for a rainy day, they are going to be scratching their heads about why the disparate rate.
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no they won't since most that think it's an issue don't even understand where the rate comes from and don't really care anyway. They'll hear this misleading number and buy it since it's bound to be repeated ad nauseam by their savior in the Pres election.
 
#33
#33
lawgator1 said:
Here's the problem: He makes many times what most people make in a lifetime of hard work and the tax code gives him this incredible windfall relative to the rate someone making $50,000 pays in tax rate.

The theory is that this encourages investment in jobs-building enterprise.

Romney hoards it in the Caymens.

This is the fundamental flaw in the whole thing. The trickle down theory is bullshiite and Romney just became the poster child for the Democrats in 2012.
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Hoards it in the Caymans :lol:
 
#34
#34
You guys are trying to turn this into complaint that he makes so much.

I'm not saying that.

I'm saying his taxes are WAY too low.

$42.6 million in income in two years and he pays taxes of just over $6 million.

God knows what's in there for 2005-2009.
 
#35
#35
nbakerld said:
LMAO. You are the richest 1% of the world. You should be taxed much higher according to your philosophy. Wealth is relative, and you are one of the richest men on the planet. Pay your share in taxes, cheapskate.
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Still waiting to hear LG address his status as an elitist not paying enough in taxes.
 
#38
#38
lawgator1 said:
You guys are trying to turn this into complaint that he makes so much.

I'm not saying that.

I'm saying his taxes are WAY too low.

$42.6 million in income in two years and he pays taxes of just over $6 million.

God knows what's in there for 2005-2009.
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Still trying to understand why you are blaming Romney? He paid what he owed under the law
 
#39
#39
lawgator1 said:
People will be asking how many people Romney employed by benefiting from that 15 % max rate on capital gains. When he says none (or I suppose maybe a handful for domestic duties) and that he has hundreds of millions of dollars stored away for a rainy day, they are going to be scratching their heads about why the disparate rate.
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Do you believe all that investment money is in a vault somewhere? It is capital used by the economy. It's not under his mattress somewhere.
 
#40
#40
utvolpj said:
no they won't since most that think it's an issue don't even understand where the rate comes from and don't really care anyway. They'll hear this misleading number and buy it since it's bound to be repeated ad nauseam by their savior in the Pres election.
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I think you underestimate the American people. What they have not understood is that people who make such incredible money every year based solely on investments pay a rate that is close to half of what the middle class pays.

And the theory behind that is that they will spend it and hire people via investment of capital.

And that is not happening. Romney is not building businesses because of the low rate.

Trickle down when it comes to Romney is a fraud.
 
#42
#42
volinbham said:
Do you believe all that investment money is in a vault somewhere? It is capital used by the economy. It's not under his mattress somewhere.
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What business has he started in the last two years and how many people does he employ in them?

Oh.
 
#43
#43
lawgator1 said:
You guys are trying to turn this into complaint that he makes so much.

I'm not saying that.

I'm saying his taxes are WAY too low.

$42.6 million in income in two years and he pays taxes of just over $6 million.

God knows what's in there for 2005-2009.
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Stop pretending like you and others are too stupid to know the difference between income and a capital gain.
 
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#45
#45
GAVol said:
Stop pretending like you and others are too stupid to know the difference between income and a capital gain.
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I know the difference.

I think they should all be taxed as ordinary income at the same rate. Have said so on here many times.
 
#47
#47
lawgator1 said:
What business has he started in the last two years and how many people does he employ in them?

Oh.
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Investments do not need to start businesses to impact the economy. I'm beginning to think you do believe all his money is in a vault somewhere and it gains interest from the interest fairy.
 
#50
#50
I hope Romney does what I've been waiting for someone to do:

Actually show the American people how much that exact amount of money has been taxed. He paid roughly 15% in capital gains, but that money was already taxed on the front end. He might not have paid it, but someone did. So chances are that income has been taxed more than most other income from point A to point B.
 
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