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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (7055)	1/18/2012 10:37:11 PM
From: TimF	2 Recommendations Read Replies (1) \| Respond to of 85487

Our enemies are the large corporations who have bought our congress. To the extent that's true, its an excellent argument for smaller government. 1 - If corporations control what government does, and you don't like their choices, or just that they have so much power, then smaller government directly weakens the corporations (since you say they control the government) 2 - Smaller government gives companies less incentive to try to control the government in order to protect themselves from harm from the government. 3 - Smaller government gives companies less incentive to try to control the government in order to rent seek or to harm their competitors. Romney pays less than 15% in taxes 1 - 15% is not a low rate. Ideally no one would pay that much. 2 - No, he really pays more. To the extent he nominally pays 15% because most of his income is capital gains on investments, he really pays more for two reasons. First the money is already taxed with the corporate income tax. As a stockholder, he is part owner of the corporation. When his property pays taxes he pays taxes. Secondly the capital gains tax is not indexed for inflation, a real loss can be a nominal gain and thus taxable. and I pay about 30% If so, you are pretty rich, and/or your counting other taxes besides the federal income tax. If you count other taxes Romney probably pays more as well. Overall the rich pay a lot more, not just in total, but as a percentage of their income, than them middle class.

To: koan who wrote (7055)	1/19/2012 6:20:36 AM
From: Jorj X Mckie	4 Recommendations Read Replies (1) \| Respond to of 85487

Our enemies are the large corporations who have bought our congress. It is Congress who has a fiduciary duty to the people. It is Congress who has the responsibility to say "no" to being bought off by special interest groups like unions, foreign countries and yes, large corporations. Would you give a cop or a judge who accepts a bribe more power or less? Congress has proven that they cannot be trusted with the power they have been given. The only responsible thing to do is to take power away from Congress so that there is less incentive for special interest groups, like unions and corporations, to buy them off. Romney pays less than 15% in taxes and I pay about 30% and 60% of corporations pay no tax. How much do you pay on your investment income?

To: koan who wrote (7055)	1/19/2012 11:12:52 AM
From: longnshort	2 Recommendations Respond to of 85487

"Romney pays less than 15% in taxes" that's what romney paid on his investment, that investment money was already taxed at 35-50% so romney paid 50-65% on that money

To: koan who wrote (7055)	1/19/2012 11:18:59 AM
From: longnshort	3 Recommendations Respond to of 85487

"60% of corporations pay no tax" man you are really clueless, aren't you embarrassed by your lack of knowledge. 60% of Corps are sub s or LLCs, they are flow though corps where the owners pay the taxes on their corp profits