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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Celtictrader who wrote (122526)	1/25/2012 3:19:44 PM
From: longnshort	8 Recommendations Respond to of 224724

you are right it's unfair 150 million Americans paid nothing and one American Romney paid 6 million. that's not right

To: Celtictrader who wrote (122526)	1/25/2012 3:20:39 PM
From: longnshort	7 Recommendations Respond to of 224724

Lets see Mitt gave 15% of his salary to Charity obama gave 1% and Biden 369 dollars WHAT IS WRONG WITH YOU PEOPLE

To: Celtictrader who wrote (122526)	1/25/2012 4:01:00 PM
From: locogringo	2 Recommendations Respond to of 224724

Hypocritcal Lib posts this TRASH earlier today: Romney tax returns highlight unfairness in American tax system For the majority of Americans who say the rich don’t pay their fair share of taxes Do you know how much tax was paid by Obama's daughters for being paid $432,142 as senior staffers? (Thanks to Jossefy for posting this on another thread run by MJ) Message 27903084 Do you know if they paid the required SS withholding? thegatewaypundit.com

To: Celtictrader who wrote (122526)	2/1/2012 1:14:15 PM
From: TimF	3 Recommendations Respond to of 224724

who say the rich don’t pay their fair share of taxes, the release of Mitt Romney’s tax returns won't change any minds. Yes mistaken beliefs can be really hard to root out, esp. when they become political issues. Lowest quintile: 4.3 percent Second quintile: 9.9 percent Middle quintile: 14.2 percent Fourth quintile: 17.4 percent Percentiles 81-90: 20.3 percent Percentiles 91-95: 22.4 percent Percentiles 96-99: 25.7 percent Percentiles 99.0-99.5: 29.7 percent Percentiles 99.5-99.9: 31.2 percent Percentiles 99.9-99.99: 32.1 percent Top 0.01 Percentile: 31.5 percent N.B.: These figures include all federal taxes, not just income taxes. ... gregmankiw.blogspot.com And what tax rate did the Romneys pay on this fabulous wealth? A little less than 15 percent on average – below the marginal tax rate paid by married filers earning between $17,000 and $69,000 per year. Nice trick. Comparing average rates actually paid with rates on the marginal dollar. Much of Romney’s wealth comes from capital gains, or profits made through investments. As of 2003, taxes on capital gains are capped at a maximum of 15 percent on individuals in the highest income brackets – far lower than the the rate at which earned income would be taxed. Except that in many cases that isn't really true. To the extent Romney or other rich people are getting capital gains from stocks, and those stocks were for profitable companies which paid taxes, effectively Romney or the other rich people got hit by the corporate tax. Combining both taxes means they have a much higher rate than most people. Also wealthy people who by tax free bonds, effectively give up the extra interest to the government issuer of the bonds. And on top of all of that capital gains are not adjusted for inflation, so you can pay 15 percent of a "gain" that is really a loss. Also short term capital gains get taxed at ordinary income rates.