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Romney's 14% income tax

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Al Jassas View Drop Down
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    Posted: 27 Jan 2012 at 03:02
Hello to you all
 
After much criticism and attack by republicans of all people Mitt Romney released his tax returns which to the utter surprise of everyone (joke) was less for the man making 57k a day than the man making 57k a year:
 
And as expected rather than people going native on Romney they went native on the people who don't pay a federal income tax because they make less than 30k a year despite the fact that they pay other taxes including SS/medicare tax which Romney to my knowledge doesn't have to pay.
 
Which begs the question, is there something in the water that makes the teabaggers such idiots?
 
Some section of the US population is so helplessly stupid that make's a sane guy question his sanity.
 
Al-Jassas
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Dolphin View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dolphin Quote  Post ReplyReply Direct Link To This Post Posted: 27 Jan 2012 at 05:58
You pretty much summed it up, I was going to wade in here and ask why this was a surprise to anyone preparing to vote in these primaries, but you got it all in.


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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: 28 Jan 2012 at 03:48
I think the Americans are so gullible because we have it so much easier than other nation sin the pas t century, while it certainly has not meant utopia  (abielt rampant capitalism) we havens had a serious war or extermination happen in our soil since the civil war a century and a half ago. The Americans compared to the rest of the world have it pretty good- they choose to be ignorant because they don't know what they have.
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Parnell View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Parnell Quote  Post ReplyReply Direct Link To This Post Posted: 28 Jan 2012 at 10:25
While the tea partier crowd may have something of a point - finding the attacks on Romneys wealth to be churlish and counterproductive to their own interests - this revelation about Romneys taxes is nothing short of a national scandal. Legal, perhaps, but indicative of what Buffet said: (To paraphrase) 'This nation has been in a class war for many decades, and my class has won'

Absolutely disgraceful.

The tea partiers are merely symptomatic of American's rapid and embarassing decline into fiscal disaster. Deny reality and shout at the people who have common sense solutions to entirely self made problems.
http://xkcd.com/15/



Patriotism is your conviction that this country is superior to all other countries because you were born in it. ~George Bernard Shaw
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lirelou View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote lirelou Quote  Post ReplyReply Direct Link To This Post Posted: 28 Jan 2012 at 15:52
I applaud Romney for having the guts to do it. Everyone likes to assume that it is someone else  getting away with 14 or 15% tax on millions, but when you have a Republican front runner stand up and say, "Hey, i do, and it's legal," you've got to give him credit. He certainly defined the problem for us in a way that few could.

My reaction to Romney was not unlike my reaction to a anti-Gingrich ad being run here in Florida, stating that Gingrich voted along with Nancy Pelosi to give $60 million dollars to the Chinese to support their one child policy. While the ad spokespersons' voices dripped with righteous anger, all I could think of was: Right on 'em. Anything anyone can do to help China control its populations growth is in all our interests. As a rule, I loath Newt Gingrich, but if he's smart enough to vote for helping China control of population growth (at the obvious cost of fractions of a penny per Chinese), he might get my vote yet, and Ron Paul was my favorite.


Edited by lirelou - 28 Jan 2012 at 15:54
Phong trần mài một lưỡi gươm, Những loài giá áo túi cơm sá gì
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Omar al Hashim View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Omar al Hashim Quote  Post ReplyReply Direct Link To This Post Posted: 28 Jan 2012 at 20:33
How is $60 million supposed to help the one child policy?
 
I would've thought cutting taxes and invade Iran would be the best way to assist Chinese power.
At least Gingrich is consistant.
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Captain Vancouver View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Captain Vancouver Quote  Post ReplyReply Direct Link To This Post Posted: 21 Feb 2012 at 03:25
In a review of the currently noted book Coming Apart: The State of White America 1960-2010, by Charles Murray, the reviewer makes a point that the type of Libertarian philosophy in it is fundamentally unscientific.
 
People can choose to weigh issues in a manner that separates them from personal beliefs or needs, or, they can go with gut reactions, without knowing how much their beliefs may stem from interpretations at odds with actual events.
 
There are of course those who know exactly what is going on, have gained immensely from the system, and want to keep it in motion, for reasons that are devoid of altruism. There are no doubt many more in the US that, due in large measure to a poor educational system, and a failed news media, and a generally anti-intellectual atmosphere,  tend to accept simplistic ideas without rigorous measurement. The unsettling fact is that in a democracy, they must of course be accommodated.
 
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Windemere View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Windemere Quote  Post ReplyReply Direct Link To This Post Posted: 21 Feb 2012 at 07:06
It should probably be mentioned that any American with an annual income in wages over $9,350, is required to pay taxes, which are automatically withheld from their weekly pay. When they file their tax-return the following year, they may possibly get some of it back, depending upon what deductions they may qualify for. I'm not really sure what percentage of their pay is taxed.
 
I suppose that Mitt Romney deserves a certain amount of credit for wanting to run for President. His enormous wealth would make it possible for him to live a life of comfortable  ease. Also, while Governor of Massachusetts, against major opposition, he passed a public health insurance law, which provided public health-insurance, (known as Commonwealth Care, paid for on a sliding-scale based on income) for people who worked at jobs that did not offer it. This was a great help for unemployed people, or people employed at part-time jobs. Unfortunately, it did nothing to help people working fulltime at minimum-wage jobs, who have to pay about  one-third of their net-income for private  employer-provided health insurance.  The new law also made having health-insurance mandatory. This was necessary in order to ensure that the entire population of Massachusetts would be covered, but it puts the fulltime minimum wage workers in an almost hopeless situation (since they are now required by law to have health-insurance, but do not qualify for the public income-based health insurance. Out of a gross minimum wage annual income of $16,000, or net annual income of about $10,000, they are paying about $4,500 for health-insurance). Nevertheless, it's an improvement over the situation that prevailed before, with unemployed or part-time employees having no health-insurance at all.
 
Romney has shown little support for such social programs as Social Security and Medicare, which are the primary means of subsistence for working-class retired people. But at least he hasn't spoken out against them, or proposed cuts to them, as some of his opponents have.


Edited by Windemere - 21 Feb 2012 at 07:31
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