Posted on 09/27/2012 4:01:43 AM PDT by Kaslin
Remember, the rate on earned income is PROGRESSIVE ~ so your first $40K might be taxed $0 because you have various exemptions and deductions, but the next $40 K is certainly going to be at what Mitt paid, and your third $40 K will be taxed at a rate far above anything Mitt paid.
I know there are all sorts of justifications for this disparity, but seriously, people don't look at their average rate, they look at their highest marginal rate when they compare their pitiful little quarter million dollar salaries against $20 million in capital gains!
The conclusion is that even if it's a neat idea and encourages investment ~ in something ~ whatever that is ~ talking about it in public doesn't win voters. Actually, it does this ~ I WANT MITT's AVERAGE RATE!
LLS
Not all income described as capital gains has been taxed earlier.
Just cut the rates ~ and don't be using Capital gains arguments to continue justifying a higher rate on personal earned income!
Best bet is to ELIMINATE the federal income tax!
Personally I don’t care what Mitt Romney’s tax rate is,
HE PAYS HIS FRICKIN TAXES.
Why isn’t Al Sharptongue in jail? Sharptongue and his crooked organization owe Millions, if he was white his ass would be in jail or broke like Willie Nelson was when they took his taxes.
What about all of Obama’s friends in the Government who didn’t pay their taxes.
What is Harry Reids and Nancy Pelosi’s tax rate?
What is Diane Sawyers tax rate? She is rich.
Just give me Mitt's rate and be done with it.
And if those other people need to be put in jail, put them in jail.
Quit your crying and pay your taxes you Mitt Romney hating troll.
Don’t start talking like a fascist pig again. Just cut the tax rates ~
Now I like that idea... but the commies would never allow it. We need to pay the least amount of taxes that we can... we cannot trust the government with more money than they need... they are like meth-heads.
LLS
Almost all of it is... almost.
LLS
Homes ~ sell your home you get to pay capital gains on the appreciated value. 401(k) ~ sell your stock, none of the gain from appreciated value is taxed until you take out the money and then you pay at your current federal personal income tax rate ~ and that BTW, is an argument for REDUCING the federal personal income tax rate to no higher than the capital gains rate!
People with common sense know it's great Mitt "only" supposedly paid 14% tax rate, but also believe the rate should be much lower!
Journalism = Fiction
Of the textbook's depiction of the "outsized" Reagan deficit, University of Dayton history professor Larry Schweikart said, "The appearance to mislead seems intentional."
might be hard to get your brain wrapped around this thought but I'll try anyway...
EVERYONE in the country has Mitt's tax rate. Period, end of story. The tax code is complicated, but anyone and everyone who (acurately) fills in all the little boxes on thier tax forms with the same numbers as Mitt would end up with the same taxes.
I consider my tax "rate" to be how many dollars per hour I send to the government. You know, REAL MONEY. Roads aren't built with percentages, they are built with dollars. Anyone thinking Mitt is skating and a freeloader because he paid a lower percentage of his earnings than someone else, can pound sand. Get back to me when they've forked over more DOLLARS. You know, those spendy things.
Thanks. BTW, our new one, “A Patriot’s History of the Modern World, to 1945,” is out on Oct. 11. Hope you’ll pick up a copy.
BTW, you missed the point entirely. They don't!
Now, I don't think Mitt did anything illegal (he is to smart for that). Can't blame a man for following the tax code.
But I pay double the rate (much less the total money). The argument that is made is either the rich pay more in total so they should pay less as a percentage, or that the rich deserve to keep more because they will possibly use that extra money to hire people.
Both have merits, neither will fly with the guy who can't make ends meet. That is why I said Mitt releasing his returns was bad idea. He did nothing wrong according to the tax code, but he handed the left a HUGE amount of ammunition. I honestly can't understand why he thought it was a good idea.
Try $250,000 ~ normal exemptions and deductions for a family of 4.
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