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| Romney Not Sure If He's Paid Less Than 13.9% in Taxes (965361) | |
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Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by SelkirkTMO on Sun Jul 29 20:47:31 2012 Since it's been a banner day here for Obama news, perhaps a little "fair and balanced" is in order. Poor Mitt ... he's overtaxed too! :)Romney Not Sure If He's Paid Less Than 13.9% in Taxes Mitt Romney was asked by ABC News if there was ever any year when he paid lower than a 13.9% effective tax rate as his 2010 tax returns show. Said Romney: "I haven't calculated that. I'm happy to go back and look but my view is I've paid all the taxes required by law. From time to time I've been audited as happens I think to other citizens as well and the accounting firm which prepares my taxes has done a very thorough and complete job pay taxes as legally due. I don't pay more than are legally due and frankly if I had paid more than are legally due I don't think I'd be qualified to become president. I'd think people would want me to follow the law and pay only what the tax code requires." However, when pressed if he would get back to the interviewer, Romney wouldn't directly answer the question. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by LuchAAA on Sun Jul 29 21:01:50 2012, in response to Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by SelkirkTMO on Sun Jul 29 20:47:31 2012. That's what I said the other day. He won't release certain years because his effective rate was low. Very low.But if you make a living off dividends, and the cap gains tax is only 15%, that's how it works.(LuchAAA has said many times that 15% is too low. 18%-20% more reasonable). |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by SelkirkTMO on Sun Jul 29 21:04:46 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by LuchAAA on Sun Jul 29 21:01:50 2012. Slow news day ... what can I say? :) |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by Train Dude on Mon Jul 30 01:33:19 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by LuchAAA on Sun Jul 29 21:01:50 2012. I wouldn't care if he paid no taxes as long as his deductions are legal. That's how it works. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by SMAZ on Mon Jul 30 02:15:56 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by Train Dude on Mon Jul 30 01:33:19 2012. That's fine.YOU pay so he doesn't have to. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by LuchAAA on Mon Jul 30 02:40:21 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by SMAZ on Mon Jul 30 02:15:56 2012. what should cap gains tax be in your opinion? how do you raise it without scaring off smaller investors? |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by RIPTA42HopeTunnel on Mon Jul 30 04:53:15 2012, in response to Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by SelkirkTMO on Sun Jul 29 20:47:31 2012. I don't pay more than are legally due and frankly if I had paid more than are legally due I don't think I'd be qualified to become president. I'd think people would want me to follow the law and pay only what the tax code requires.That confirms it -- he's preparing for the inevitable release of his tax returns, when the public discovers there's at least one year that he didn't pay taxes. |
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| (965414) | |
Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by SelkirkTMO on Mon Jul 30 05:11:58 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by RIPTA42HopeTunnel on Mon Jul 30 04:53:15 2012. Knowing how cap gains averaging can work out, wouldn't surprise me if Unca Sammy actually had to pay HIM. :) |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by Dave on Mon Jul 30 07:56:51 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by SMAZ on Mon Jul 30 02:15:56 2012. Smaz, do you have a mortgage? |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by Fred G on Mon Jul 30 07:59:34 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by RIPTA42HopeTunnel on Mon Jul 30 04:53:15 2012. Refund.your pal, Fred |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by SMAZ on Mon Jul 30 09:03:22 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by Dave on Mon Jul 30 07:56:51 2012. It would have nothing to do with Romney's tax avoidance schemes and disdain for this country's well-being. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by bingbong on Mon Jul 30 09:23:25 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by RIPTA42HopeTunnel on Mon Jul 30 04:53:15 2012. That may be legal but it's going to look very very bad. The fact alone that he only paid 13.9% looks very very bad.What is legal isn't always what is right. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by Train Dude on Mon Jul 30 09:26:00 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by bingbong on Mon Jul 30 09:23:25 2012. Why does it look very bad to follow the law and pay what you owe when DEMOCRATS like Charlie Rangel try to cheat the system and you demoncrats applaud him and re-elect him? Why don't you explain that? |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by Fred G on Mon Jul 30 09:34:45 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by bingbong on Mon Jul 30 09:23:25 2012. I don't begrudge anyone for taking an aggressive stance in whittling their tax bill down since I do every year. I'm not a millionaire tho and feel the wealthy should pay more since basically the military and police prioritize their protection over mere mortals like myself.your pal, Fred |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by Dave on Mon Jul 30 10:02:54 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by SMAZ on Mon Jul 30 09:03:22 2012. It has everything to do with your being hypocritical if you have a mortgage and take a deduction for it. The deduction is legal and others pay so you don't have to.Goose = gander. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by Dave on Mon Jul 30 10:03:26 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by Train Dude on Mon Jul 30 09:26:00 2012. +100! |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by Dave on Mon Jul 30 10:05:07 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by Fred G on Mon Jul 30 09:34:45 2012. Write your Congressman and Senator and push them to change the tax code. As long as the deductions are legal, why should he pay more? Do Billy-boy and Warren pay more taxes than required? |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by Fred G on Mon Jul 30 10:09:52 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by Dave on Mon Jul 30 10:05:07 2012. I've already said that they should return the tax rates back to where they were under Clinton and have put ink to paper (figuratively) saying so. I also don't vote GOP.your pal, Fred |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by bingbong on Mon Jul 30 10:17:39 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by Dave on Mon Jul 30 10:02:54 2012. Chances are everything on Willard's return is provable and legal. Remember,he's been running for President since 2007. His wife files separately.What is legal isn't necessarily what is right. I'm sure SMAZ and probably everyone else here don't have wealth hidden in offshore tax havens. Nor did he sign over assets to his wife in order to bury them or evade possible trust restrictions should he be elected. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by Dave on Mon Jul 30 10:22:36 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by bingbong on Mon Jul 30 10:17:39 2012. What's "right" has as many definitions as there are people answering the question. What's right for you may not be right for me and vice versa; it's too subjective. That's why we have written laws. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by GP38/R42 Chris on Mon Jul 30 10:25:50 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by bingbong on Mon Jul 30 10:17:39 2012. It's not "evading" if it's legal. I am sure you send in way more taxes than you are legally bound to just because you feel it's "right".... |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by bingbong on Mon Jul 30 10:32:38 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by Dave on Mon Jul 30 10:22:36 2012. Didn't say it wasn't.That doesn't make shifting offshore assets to a spouse who then files separately to evade the scrutiny a Presidential candidate sees as *right*. However, it is completely *legal*. Let's put it a different way......it's not going to help his cause any for having done this. If he was truly honest and forthright, he wouldn't be using those offshore havens WRT his personal income to begin with. It's not illegal, but it makes him PERSONALLY suspect. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by bingbong on Mon Jul 30 10:51:30 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by Train Dude on Mon Jul 30 09:26:00 2012. The lack of civility in your question. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by bingbong on Mon Jul 30 11:00:07 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by Fred G on Mon Jul 30 10:09:52 2012. They should. They should also hike the nominal rates on unearned income (i.e. capital gains) so as to have the ability to target tax cuts in order to juice private investment into economic sectors that serve the public interest. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by Dave on Mon Jul 30 11:01:49 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by bingbong on Mon Jul 30 10:32:38 2012. Being honest has nothing to do with using offshore accounts. You may be taking legal deductions for your business that someone else may consider not right. As long as his deductions are legal is what counts at the end of the day. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by bingbong on Mon Jul 30 11:18:32 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by Dave on Mon Jul 30 11:01:49 2012. IMO, it does. It may be perfectly legal, but the majority of Americans think it's wrong when used for evading personal income taxes. For a multinational *corporation* it's necessary.Willard M and Ann Romney are people. They are NOT a multinational corporation, despite what he may want you to believe. Bear in mind that all of this will only speak to public opinion and sentiment, unless there is actual criminal wrongdoings in those returns, which is doubtful as it would have already surfaced if there was. This is a guy hat's been running since 2007, and he himself has admitted to being audited. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by LuchAAA on Mon Jul 30 12:06:51 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by Dave on Mon Jul 30 07:56:51 2012. SMAZ has 3 health insurance plans, 2 citizenships, and 1 leftist view of the world. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by Dave on Mon Jul 30 12:30:42 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by bingbong on Mon Jul 30 11:18:32 2012. What's your source for "the majority of Americans"? It's not evading income tax if it's legal. By that logic, you shouldn't deduct your home mortgage interest because that's evading personal income tax. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by TERRapin station on Mon Jul 30 12:58:05 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by Dave on Mon Jul 30 12:30:42 2012. Bingbong is absolutely nuts. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by Chris R16/R2730 on Mon Jul 30 12:59:31 2012, in response to Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by SelkirkTMO on Sun Jul 29 20:47:31 2012. I'll bet whatever he paid will be more than every Subchatter's tax bill combined. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by bingbong on Mon Jul 30 13:01:24 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by Dave on Mon Jul 30 12:30:42 2012. The majority of Americans.I did not say that what Willard did was illegal. I did say it is suspect. Taken in context (do all RWers have a context block installed when they go over to the dark side?) that means that people aren't going to like this, and it will not serve the candidate to have done this. Given he's been running since 2007, it should have behooved him to onshore the funds, file amended returns and paid whatever was due on all his offshored assets. You'd think he would have known. Plus, when you sign the return you become ultimately responsible for what your accountant did. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by TERRapin station on Mon Jul 30 13:13:28 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by bingbong on Mon Jul 30 13:01:24 2012. Why is it suspect? Answer this and all the previous questions you have ignored. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by RIPTA42HopeTunnel on Mon Jul 30 13:33:09 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by bingbong on Mon Jul 30 13:01:24 2012. Given he's been running since 2007, it should have behooved him to onshore the funds, file amended returns and paid whatever was due on all his offshored assets.He can't "onshore" funds in 2007 and make them not have been offshore in 2006. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by bingbong on Mon Jul 30 13:56:48 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by Chris R16/R2730 on Mon Jul 30 12:59:31 2012. NOT percentagewise. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by bingbong on Mon Jul 30 14:06:46 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by RIPTA42HopeTunnel on Mon Jul 30 13:33:09 2012. If he onshores funds in 2007 they are considered income in 2007. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by TERRapin station on Mon Jul 30 14:15:50 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by RIPTA42HopeTunnel on Mon Jul 30 13:33:09 2012. LOL!!! |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by RIPTA42HopeTunnel on Mon Jul 30 14:34:26 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by bingbong on Mon Jul 30 14:06:46 2012. If he onshores funds in 2007 they are considered income in 2007.Certainly, but that wouldn't require amended returns. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by bingbong on Mon Jul 30 14:39:22 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by RIPTA42HopeTunnel on Mon Jul 30 14:34:26 2012. If the additional income tilts the result, yes. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by SMAZ on Mon Jul 30 18:14:01 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by Dave on Mon Jul 30 10:02:54 2012. I have more than one mortgage but I never purchased these places as a tax avoidance scheme.I don't do things at the limits of the law in order to shun away from my responsibilities to support my country through my dues. I don't have cash stashed in the Cayman Islands. I don't set up dummy companies in Bermuda. I don't do insider trading. I don't purposely pillage and bankrupt good companies in order to get a write-off. All my activities here or abroad are done under both the letter AND the SPIRIT of the law. Unlike Willard Mitt Romney, I actually love and support my country instead of undermining it. Paying my taxes is the most patriotic I can do. I look at paying such tributes as an honorable privilege of citizenship and residency in this great nation and not as a burden to be avoided at all costs. That's the difference between me and scum like Romney. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by SMAZ on Mon Jul 30 18:18:44 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by GP38/R42 Chris on Mon Jul 30 10:25:50 2012. It's not "evading" if it's legal.That sentiment is fine for the average guy. However, somebody who thinks that way is unfit to be President of the United States. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by LuchAAA on Mon Jul 30 18:20:56 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by SMAZ on Mon Jul 30 18:18:44 2012. Obama himself had significant write-offs from the tens of millions he made writing race-based books.And he's going to make millions and millions more. And he'll get lots of write-offs, thus lowering his effective rate too. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by SMAZ on Mon Jul 30 18:27:32 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by LuchAAA on Mon Jul 30 02:40:21 2012. what should cap gains tax be in your opinion?half of whatever the tax bracket of the individual is plus half of the employee portion of Social Security tax plus all of Medicare tax. For somebody in the 35% bracket it should be 17.5 + 3.1 + 3.8% = 24.4%. That's less than where Reagan had them. Companies should deduct the entire employer portion of SS taxes on stock options. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by Dan Lawrence on Mon Jul 30 18:37:11 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by TERRapin station on Mon Jul 30 12:58:05 2012. PROFF REQUIRED!!!! TURTLE!!!! |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by SMAZ on Mon Jul 30 18:59:51 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by LuchAAA on Mon Jul 30 18:20:56 2012. Obama himself had significant write-offs from the tens of millions he made writing race-based books.Yeah, for CHARITIES! |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by TERRapin station on Mon Jul 30 19:52:32 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by Dan Lawrence on Mon Jul 30 18:37:11 2012. You're an idiot. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by Dan Lawrence on Mon Jul 30 20:58:45 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by TERRapin station on Mon Jul 30 19:52:32 2012. You were an idiot when born. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by LuchAAA on Mon Jul 30 21:01:49 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by Dan Lawrence on Mon Jul 30 20:58:45 2012. You were an idiot when born.but he was cured as a child. you remained an idiot your entire life. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by RockParkMan on Mon Jul 30 21:08:53 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by LuchAAA on Mon Jul 30 21:01:49 2012. Suck my balls you little coward. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by Dave on Mon Jul 30 22:17:12 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by SMAZ on Mon Jul 30 18:14:01 2012. A good answer. |
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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes |
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Posted by SUBWAYMAN on Tue Jul 31 00:34:42 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by LuchAAA on Mon Jul 30 21:01:49 2012. Wrong! |
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