Romney Inflated 2011 Taxes

[canceled.2021.1]

and the middle and working classes would pay more. When you add on payroll taxes, State Taxes, Local Taxes, fees and assesmet, sin taxes, sales taxes, then flat taxes become extremely regressive. There's no aregument that regresive taxation can be taken to far but those who control 75% of the revenue and incone should pay 75% of the taxes. That's fair. Anyone who thinks otherwise is a moron who doesn't know what their best interest are or are very wealthy.

The rich pay all those same taxes as well, so your point is moot. It sounds like you don't want t pay your fair and you want others to pay it for you.

Maybe you were so pissed about Romney's comments because they hit too close to home?

 

[canceled.2021.1]

Yea unhuh...cite some specifics. You know this is just like ending government programs to cut costs. Everyones all for that until you start citing specifics.

Why don't we start with this question? What do you think your personal top marginal tax rate should be. It is easy to claim others should be higher. But tell us how high it would have to get to make you stop saying "I am happy to pay higher taxes as ling as it helps the poor"?

 

[canceled.2021.1]

Consumption taxes are by far the most efficient tax and in fact progressive. Here are the benefits.

1) you broaden the tax base. Everyone pays which means everyone pays their fair share which libtards claim is their stated goal.
2) it is progressive which libtards claim they support the more you consume the more you pay and you can exempt food and clothing
3) you cant hide from it. There are lots of ways to shield income from taxation. As a 1%er, I know
4) it reduce the incentive to hide income
5) it will bring here to fore tax cheats into the system as drug dealers and cash based businesses would not be able to duck taxes. This would negatively impact me, but would be good for the country so I would support it
6) we could eliminate te IRS saving billions
7) we could reallocate all of the tax services and put them to productive uses

 

[Mott the Hoople]

The rich pay all those same taxes as well, so your point is moot. It sounds like you don't want t pay your fair and you want others to pay it for you.

Maybe you were so pissed about Romney's comments because they hit too close to home?

Fuckin hardly. I make a 6 figure income and I know what's in my best interest. I didn't get where I'm at by being stupid. Regresive taxes, like sales tax, do not affect the wealthy even as remotely as much as they do the middle class, working class and poor because they pay a far higher percentage of their income in the purchase of taxable consumer commodites. Jesus Christ. What is it with you wingnuts and math?

Hey you want to sink your own economic ship go right ahead but don't take mine down with you. Fuck giving the rich built in advantages and stacking the deck against the segment of the population who produce the most wealth. If that's what you want go ahead you fool but don't criticize me for fighting for a level playing field. I work to hard for my money to have some uneducated mouth breather redistribute it upwards to some middleman plutocrat because you're to big a bigot to realize you're being taken for god damned fool!

 

[Mott the Hoople]

Consumption taxes are by far the most efficient tax and in fact progressive. Here are the benefits.

1) you broaden the tax base. Everyone pays which means everyone pays their fair share which libtards claim is their stated goal.
2) it is progressive which libtards claim they support the more you consume the more you pay and you can exempt food and clothing
3) you cant hide from it. There are lots of ways to shield income from taxation. As a 1%er, I know
4) it reduce the incentive to hide income
5) it will bring here to fore tax cheats into the system as drug dealers and cash based businesses would not be able to duck taxes. This would negatively impact me, but would be good for the country so I would support it
6) we could eliminate te IRS saving billions
7) we could reallocate all of the tax services and put them to productive uses

God your a moron. Try this on for size. There's only so much food a person can eat, only so many cars they need to drive, only so many homes they need, etc, etc. You've based you're entire argument on a false premise. Regressive sales taxes do not distribute the tax base fairly because the wealthy spend far, far less of a percentage of their income on cosumer goods. DUH! Only a blind fool wouldn't see this.

 

[Damocles]

You do realize that the Capital Gains rate was set low for more than just giving rich guys a break, right? You have these investments you call your retirement, in some cases it is post tax dollar money you used to create this investment, when you get it out you should be able to spend a bunch of that money on things like food, rent, etc... Basically, if the left thinks that changing the capital gains rate is going to be widely popular they'll find that old people don't like the idea much.

And the reason Romney pays less than the 15% Cap Gains rate is because he gives to charity at a massive level. Way more than required by his church.

 

[Rune]

You do realize that the Capital Gains rate was set low for more than just giving rich guys a break, right? You have these investments you call your retirement, in some cases it is post tax dollar money you used to create this investment, when you get it out you should be able to spend a bunch of that money on things like food, rent, etc... Basically, if the left thinks that changing the capital gains rate is going to be widely popular they'll find that old people don't like the idea much.





And the reason Romney pays less than the 15% Cap Gains rate is because he gives to charity at a massive level. Way more than required by his church.

You do realize that income from capital gains is income right?

Do you really think investors will stop increasing their money supply if they have to pay 28% instead on 15%?

No one is talking about re-taxing the capital, so you can lose that bullshit.

 

[Dixie - In Memoriam]

Do you really think investors will stop increasing their money supply if they have to pay 28% instead on 15%?

Uhm... YES, because that's exactly what happens when cap gains taxes are high.

What you have to do is remember that wealthy people don't NEED to earn income from capital gains. They can put their money in security bonds and invest in monetary funds of foreign countries, and NOT use their money to generate a capital gain. They don't really care because they have wealth already, they don't really need any more. Do you think it would bother Romney to not have made $12 million last year?

The thing it REALLY hurts is investments in venture capital. Rich guy has his money socked away in some security investment, where it earns 2-3% interest, and doesn't 'cost' him a dime, because he continues to roll-over the 2-3% year after year. You can't tax what isn't received as income, as long as rich guy keeps his money in the security, he continues to gain wealth year after year, and he will only pay taxes when he takes the money out. You following me so far, pinhead? Now, what we WANT rich guy to do, what we NEED him to do, is to take his wealth out of these securities and invest it through venture capital investments to open new factories and businesses, which will create jobs and prosperity. We can't MAKE him do this, it's HIS money, he can do whatever he likes with it. So what we do to 'encourage' him, is to reduce capital gains taxes, so that he now has a motivation to do this. He may still choose to not do it, but at least there is the motivation of a low capital gains tax, to encourage it.

Increasing cap gains tax rates on the simple-minded notion that all income should be taxed the same, will cause these rich capital investors to leave their money in securities and not fool with it, because they have no reason to do so. They will pay the same tax rates if they receive the money from their securities as if they took a major financial risk with the money and invested it in venture start-up capital. Securities are secure... he's not going to lose money there, he won't make much, but there is very little risk. Capital investments are FULL of risks, and there is the possibility of losing ALL his money. Why would he take that risk if the tax rates are the same either way?

 

[Damocles]

You do realize that income from capital gains is income right?

Which doesn't change my point at all.

Do you really think investors will stop increasing their money supply if they have to pay 28% instead on 15%?

Did you read what I posted? (Smart investors, the kind of people you think are evil, will decrease investment churn to reduce their tax exposure, retirees will have to sell regardless increasing their tax burdens without regard to the fact that they live on a restricted income to begin with).

No one is talking about re-taxing the capital, so you can lose that bullshit.

Again, just somebody with reading comprehension issues. Please point out where I said they would "re-tax the capital" and tell me how it would apply to the actual post about the fact that retirees depend on the reduced rate to have more money to spend on surviving... I'll give you a hint, it isn't there.

If you are going to act the ass when "responding" at the very least be right about what I said rather than build obvious straw men fallacies. It just makes you look like you opened a new and improved can of stupid with extra ass when you argue against nothing at all that was said in the post.

 

[canceled.2021.1]

Which doesn't change my point at all.


Did you read what I posted? (Smart investors, the kind of people you think are evil, will decrease investment churn to reduce their tax exposure, retirees will have to sell regardless increasing their tax burdens without regard to the fact that they live on a restricted income to begin with).


Again, just somebody with reading comprehension issues. Please point out where I said they would "re-tax the capital" and tell me how it would apply to the actual post about the fact that retirees depend on the reduced rate to have more money to spend on surviving... I'll give you a hint, it isn't there.

If you are going to act the ass when "responding" at the very least be right about what I said rather than build obvious straw men fallacies. It just makes you look like you opened a new and improved can of stupid with extra ass when you argue against nothing at all that was said in the post.

And let's add to that the fact that the retirees are getting shafted by Uncle Benny artificially keeping interest rates low. They get for interest on CDs and money markets and they pay more for things like food and energy which we are told aren't really increasing in orice

 

[canceled.2021.1]

Fuckin hardly. I make a 6 figure income and I know what's in my best interest. I didn't get where I'm at by being stupid. Regresive taxes, like sales tax, do not affect the wealthy even as remotely as much as they do the middle class, working class and poor because they pay a far higher percentage of their income in the purchase of taxable consumer commodites. Jesus Christ. What is it with you wingnuts and math?

Hey you want to sink your own economic ship go right ahead but don't take mine down with you. Fuck giving the rich built in advantages and stacking the deck against the segment of the population who produce the most wealth. If that's what you want go ahead you fool but don't criticize me for fighting for a level playing field. I work to hard for my money to have some uneducated mouth breather redistribute it upwards to some middleman plutocrat because you're to big a bigot to realize you're being taken for god damned fool!

You conveniently ducked my question. What do you think your personal top marginal tax rate should be?

 

[canceled.2021.1]

God your a moron. Try this on for size. There's only so much food a person can eat, only so many cars they need to drive, only so many homes they need, etc, etc. You've based you're entire argument on a false premise. Regressive sales taxes do not distribute the tax base fairly because the wealthy spend far, far less of a percentage of their income on cosumer goods. DUH! Only a blind fool wouldn't see this.

You do realize that the rich buy more expensive shit right? Who do you think is shopping at Saks? Tiffany's

Can you really be this ignorant or are you that jealous?

 

[Rune]

Which doesn't change my point at all.

I know, I was making a different point since your total bullshit wasn't worthy of a response.

Did you read what I posted? (Smart investors, the kind of people you think are evil, will decrease investment churn to reduce their tax exposure, retirees will have to sell regardless increasing their tax burdens without regard to the fact that they live on a restricted income to begin with).

Mind reading again? You don't know what I think, stop being so embarrassingly presumptive.

Again, just somebody with reading comprehension issues. Please point out where I said they would "re-tax the capital" and tell me how it would apply to the actual post about the fact that retirees depend on the reduced rate to have more money to spend on surviving... I'll give you a hint, it isn't there.

Please point out why income produced from "post tax dollar money" should be taxed at a lower rate than other income.

If you are going to act the ass when "responding" at the very least be right about what I said rather than build obvious straw men fallacies. It just makes you look like you opened a new and improved can of stupid with extra ass when you argue against nothing at all that was said in the post.

If you are going to be an ass when responding you must really need the ego boost. Far be it for me to deny your needs.

 

[Guns Guns Guns]

The tax rate on long-term gains was reduced in 1997 via the Taxpayer Relief Act of 1997 from 28% to 20% and again in 2003, via the Jobs and Growth Tax Relief Reconciliation Act of 2003, from 20% to 15%...

http://en.wikipedia.org/wiki/Capital_gains_tax#United_States


So if the JPP righties are correct, investment was curtailed in America prior to 1997?

 

[Rune]

The tax rate on long-term gains was reduced in 1997 via the Taxpayer Relief Act of 1997 from 28% to 20% and again in 2003, via the Jobs and Growth Tax Relief Reconciliation Act of 2003, from 20% to 15%...

http://en.wikipedia.org/wiki/Capital_gains_tax#United_States



So if the JPP righties are correct, investment was curtailed in America prior to 1997?

Their argument is so retarded it isn't worth participating in.

 

[Guns Guns Guns]

Their argument is so retarded it isn't worth participating in.

That sounds like something they'd say when they're unable to refute the evidence.

Instead of ignoring their idiocy, call their veracity into question.

 

[Rune]

That sounds like something they'd say when they're unable to refute the evidence.

Instead of ignoring their idiocy, call their veracity into question.

What, argue with Dixie about how rich people would rather let their money be eroded by inflation than pay higher taxes on earnings? Try to explain to him that wealthy people do continue to want to earn money even after they are wealthy? That venture capital represents a very small percentage of income taxed as capital gains? Arguing with Dixie is a waste of time, since facts are meaningless to him, he operates based on his perceptions, not facts.

 

[Guns Guns Guns]

What, argue with Dixie about how rich people would rather let their money be eroded by inflation than pay higher taxes on earnings? Try to explain to him that wealthy people do continue to want to earn money even after they are wealthy? That venture capital represents a very small percentage of income taxed as capital gains? Arguing with Dixie is a waste of time, since facts are meaningless to him, he operates based on his perceptions, not facts.

True.

By repeatedly forcing him to repeat his inanities you expose the weakness of the conservative mindset.

Those intelligent enough to exercise critical thinking skills will compare and contrast....

 

[Rune]

True.

By repeatedly forcing him to repeat his inanities you expose the weakness of the conservative mindset.

Those intelligent enough to exercise critical thinking skills will compare and contrast....

How does that explain Damo's position?

 

[Guns Guns Guns]

How does that explain Damo's position?

Ask him when he comes on line.