January 17, 2012

Romney: I Pay Around 15% In Taxes
— Ace

Of course he pays a crap-ton in actual dollars, but the 15% figure will be used against him.

But that's only part of the problem. The other part is that 15% will be used to advance the idea that the rich must pay more.

Here's the problem with nominating a rich guy: He's so vulnerable on the class-warfare stuff he has to preemptively surrender on it some.

A post from a few weeks back by Andy included Romney himself acknowledging the problem:

Drew also noted this problem on his own blog.

When Romney came in and spoke to The Wall Street Journal recently, he said that “someone with my background can’t make an argument for cutting taxes on wealthy individuals.” That was sort of why he–his argument for a more modest tax proposal here. What he didn’t say is whether he actually believes that cutting taxes on our most productive people would help grow the economy. And I think that’s where Gingrich thinks he has Romney. Does he actually believe this stuff?

That's quoted from the video below, Jason Riley reporting that.

Not saying this is disqualifying. But it should be borne in mind that Bush's idea of compassionate conservatism was born first of his sense of noblesse oblige, which itself arose from the fact that he was wealthy and always had been.

If you want to avoid noblesse oblige it's probably necessary to avoid the noblesse in the first place.

Posted by: Ace at 10:16 AM | Comments (335)
Post contains 255 words, total size 2 kb.

1 I want everyone to keep 95% of what they make.  I don't care if they're rich or poor.

Posted by: kathysaysso at January 17, 2012 10:17 AM (ZtwUX)

2 Lord knows that John Kerry's billions made him a pariah. He couldn't make any kind of class warfare argument. No way, no how! Oh, wait....

Posted by: blaster at January 17, 2012 10:18 AM (7vSU0)

3 Caving on taxes, obama/romneycare, capntrade and it's only january.

Sweet! Go Go Romney!

The GOP is teh super smart.

Posted by: lorien1973 at January 17, 2012 10:18 AM (usXZy)

4 I thought I'd be a fartnote in history.

Posted by: president o'bama at January 17, 2012 10:18 AM (sHY5w)

5 I want everyone to keep 95% of what they make.  I don't care if they're rich or poor.

Posted by: kathysaysso at January 17, 2012 02:17 PM (ZtwUX)



But.....but.......RACIST!!!!!.
.

Posted by: © Sponge at January 17, 2012 10:18 AM (UK9cE)

6 Romney will eventually run on havin the largest Wang of any Candidate in history.

Posted by: Beff J. at January 17, 2012 10:19 AM (2/dVc)

7 When Romney came in and spoke to The Wall Street Journal recently, he said that “someone with my background can’t make an argument for cutting taxes on wealthy individuals.”

As incorrect as one can possibly be. 


Full retard.

Posted by: really ... at January 17, 2012 10:19 AM (X3lox)

8 So now we have a basis for a flat tax, both corporate and personal. That can be his first bill before Congress after he takes office.

Posted by: joncelli, too stressed by half at January 17, 2012 10:20 AM (RD7QR)

9 Uh....I think they are all rich.

Posted by: Hopped up on Something at January 17, 2012 10:20 AM (z+hCt)

10 Repeat from other thread: He said "effective tax rate of 15%

Do not confuse "effective tax rate" with "marginal tax rate". While a middle class income earner may be in the 15% marginal tax rate category he does not have an effective tax rate of 15%.  A person in the $60K range probably has an effective tax rate of around 5 to 8% unless he has a large family, then it will be a lot lower.

Posted by: Vic at January 17, 2012 10:21 AM (YdQQY)

11 second look at being frozen in carbonite?

Posted by: Ben at January 17, 2012 10:21 AM (wuv1c)

12 When Romney came in and spoke to The Wall Street Journal recently, he said that “someone with my background can’t make an argument for cutting taxes on wealthy individuals.”

It should also be noted that Mittens conflated income and wealth here.  A favorite tactic of the left.

Posted by: really ... at January 17, 2012 10:21 AM (X3lox)

13 Well, it's a damn good thing he's going to be our nominee since he kicks so much ass and knows what it's going to take to get this country back on the right track to create jobs and wealth for the common man......


Oh WAIT...........what an unbelievably shitty situation we're in.

Posted by: © Sponge at January 17, 2012 10:21 AM (UK9cE)

14
I'd love to get in on that 15% action. 

Posted by: Wodeshed at January 17, 2012 10:22 AM (SgLsM)

15 6 Romney will eventually run on havin the largest Wang of any
Candidate in history.

Posted by: Beff J. at January 17, 2012 02:19 PM (2/dVc)

I beg to differ, sir. [Sound of slab of meat hitting the floor]

Posted by: George "Johnny Wadd" Washington at January 17, 2012 10:22 AM (RD7QR)

16 What obama is not rich? Oh I guess obama worked for it? but evil Republicans don't?

Posted by: nevergiveup at January 17, 2012 10:23 AM (i6RpT)

17 I'd love to get in on that 15% action. 

Posted by: Wodeshed at January 17, 2012 02:22 PM (SgLsM)

Strive to make more money.  Everyone will benefit in the process.

Posted by: really ... at January 17, 2012 10:23 AM (X3lox)

18

that Bush's idea of compassionate conservatism was born first of his sense of noblesse oblige

That's great, but this idea that by paying more in taxes you're "helping society" more is silly and obscene.

The federal government can't do honest accounting, make worthwhile financial projections or inventory its assests.

It is time for an adult conversation about taxation and the value of government services and running from the "class warfare" angle is not a good start.

Finally, I find it ridiculous that we're not supposed to care about "what goes on in the bedroom" but apparently we should care what is in someone's bank account (or tax return).

 

Posted by: Jay at January 17, 2012 10:23 AM (be3Jh)

19

Posted by: Vic at January 17, 2012 02:21 PM (YdQQY)

You cannot possibly believe that the Peggy Josephs of the world will comprehend that.  I mean, you're right and all that, but c'mon.

Posted by: alexthechick at January 17, 2012 10:24 AM (VtjlW)

20 I don't see why this is such a "problem" with nominating a rich guy. Our nominee is not bound to the "no new taxes" pledge that Norquist extorts out of all the congressional candidates.  All he has to do it say, "this argument about rates is infantile, what I want to do is raise revenue by making it easier for successful people to comply with the tax code". 

Even Perry's flat tax proposal is effectively an increase in taxes on rich people. Just get over it say "revenues are going to go up, spending is going to go down, and the budget will be balanced"

Posted by: Dave in Fla at January 17, 2012 10:24 AM (RI0fC)

21 Oh, and, yeah, this is from a couple of threads down, but tons of people make enough money for health insurance but forgo it. Used to have this argument in the Hillarycare days with my Massachusetts liberal (then) brother in law. He had a giant TV and a ninja cool HQ camera and other stuff but no health care insurance. I asked why he didn't buy his own instead of support people taking my money to buy some, and he was all like, you know how expensive it is? I asked if he did. He didn't. His assumption was that it was a zillion dollars. But as a young male it was actually pretty cheap even buying it off the street - less than $100/month cheap. But he wanted his toys and to take contract jobs that did not tie him down, AND he wanted me to pay for his health care. The mandate would actually hit those types of folks the hardest. Nancy Pelosi's dream guitar player or artist would be forced to buy health insurance, though the theory is that it makes it cheaper for them to do so if all the freeloaders are paying in.

Posted by: blaster at January 17, 2012 10:24 AM (7vSU0)

22 Lord knows that John Kerry's billions made him a pariah.

Well to be fair his billions were earned by a Republican so you can't blame him for that wealth.

Posted by: Buzzsaw at January 17, 2012 10:25 AM (tf9Ne)

23 He who actually pays taxes cast the first stone.

Posted by: dogfish at January 17, 2012 10:25 AM (NuPNl)

24 If you want to avoid noblesse oblige it's probably necessary to avoid the noblesse in the first place.

Yeah, the only problem with this is - do you really think an "average American" making $50k a year and living practically paycheck-to-paycheck can afford to take a year off from work and run for President?  Not to mention the fact that the press would completely destroy their family and reputation.  Honestly, the only people that can afford to be our leaders are "the nobility".

We get what we deserve, it seems.

Posted by: Lone Marauder, pre-denounced for your convenience at January 17, 2012 10:25 AM (/bVuS)

25

When Romney came in and spoke to The Wall Street Journal recently, he said that “someone with my background can’t make an argument for cutting taxes on wealthy individuals.”

Huh?

But it is perfectly ok for "someone with his background" to argue for higher taxes on wealthy individuals?

 

Posted by: Jay at January 17, 2012 10:25 AM (be3Jh)

26

It is time for an adult conversation about taxation and the value of government services and running from the "class warfare" angle is not a good start.

Finally, I find it ridiculous that we're not supposed to care about "what goes on in the bedroom" but apparently we should care what is in someone's bank account (or tax return).

 

Posted by: Jay at January 17, 2012 02:23 PM (be3Jh)



But you can't have that conversation.  As soon as you try to bring it up, you hate old people, black people, mexicans and the poor.

Posted by: © Sponge at January 17, 2012 10:25 AM (UK9cE)

27 You cannot possibly believe that the Peggy Josephs of the world will comprehend that.  I mean, you're right and all that, but c'mon.

I was addressing ace and the Moron hoard, I figured they would understand. I doubt if Peggy Joeseph knows anything other than how to copy her name from a signature card onto the back of a welfare check.

Posted by: Vic at January 17, 2012 10:25 AM (YdQQY)

28

John Steele Gordon had an outstanding post about this kind of issue the other month on the Commentary blog -- I think he was riffing on the Buffett tax-squawking, but the parameters are about the same. 

Basically this is an argument for a flat tax, and all that flows therefrom (both in argument terms and in tax terms) about the fiscal future of the Republic.

Obviously not for purposes of debating style instruction, but for purposes of debate-point content itself, some attempt ought to be made to get Perry in a quiet room together with Romney to discuss precisely how to turn this matter to Romney's advantage in the public discourse.  Without trying to rattle through 59-odd points or so.

Posted by: RamonAllones at January 17, 2012 10:26 AM (ha+6S)

29 Just wanted to thank you guys for nominating my preferred opponent!

Posted by: Preznit O. at January 17, 2012 10:26 AM (iVl5j)

30 >>>Yeah, the only problem with this is - do you really think an "average American" making $50k a year and living practically paycheck-to-paycheck can afford to take a year off from work and run for President? Well there is a lot of ground between the struggling middle class and the ultra-rich.

Posted by: ace at January 17, 2012 10:26 AM (nj1bB)

31 1% per inch ladies.

Posted by: Mitt Romney : Human at January 17, 2012 10:27 AM (lVGED)

32

 What obama is not rich? Oh I guess obama worked for it? but evil Republicans don't?

Obama made his money the Proper Way.  He went the whole non-profit, NGO, community organizing route.  That money is nice and pure and untainted by evil private enterprise.  It's fine to be a 1%er if you made the money the Proper Way. 

Much like how the Leaf runs on shiny shiny electricity that comes from unicorn farts and not from coal/oil/nuclear power. 

Posted by: alexthechick at January 17, 2012 10:27 AM (VtjlW)

33 But it should be borne in mind that Bush's idea of compassionate conservatism was born first of his sense of noblesse oblige, which itself arose from the fact that he was wealthy and always had been.

Small nit to pick; although George H. W. Bush had solid connections, he wasn't living large when he started his family. He pretty much started out at the bottom of the oil industry. George W's growing up in an apartment in Midland, Texas with a bathroom shared with other tenants isn't exactly Little Lord Fauntleroy.

Posted by: Sort-of-Mad Max at January 17, 2012 10:27 AM (2PTT7)

34 ALL income needs to be treated the same.. doesn't matter how you acquire it.

Only the super wealthy have enough money to allow them to have  job "investing".  Why should they be treated any differently?  And spare me the claptrap that they are investing in growing businesses.  They're not.  They invest in the "market".  The only time money paid for shares goes to a business directly is during an IPO or when the company directly sells their own shares.  Otherwise you are simply buying some other schmuck's shares.  Doing so should not give you a special tax break.

Posted by: Chi-Town Jerry at January 17, 2012 10:27 AM (f9c2L)

35 The average family of 4 making $50K a year has an effective income tax rate of zero or very close to it.

Posted by: Vic at January 17, 2012 10:27 AM (YdQQY)

36 Strive to make more money.  Everyone will benefit in the process.

Thanks for the tip.

My problem is that I'm almost flat out of deductions.  It's worth it to pay off a house, but it kills you in the effective tax rate department.

Posted by: Wodeshed at January 17, 2012 10:28 AM (SgLsM)

37 As long as he discloses info according to election norms, I'm good with it.

If he's my only choice in the ABO war plan it will be a double whammy to ineffectually let them hang capitalism/Bain around his neck and not disclose his income and taxes.

At this point I'm just hoping a Romney candidacy doesn't do too much collateral damage to a possible congressional mandate for the Right.

Posted by: ontherocks at January 17, 2012 10:28 AM (ZJCDy)

38 It just beggars the imagination! We are really going to destroy our country!

Posted by: McLovin at January 17, 2012 10:28 AM (j0IcY)

39 More and more, I am reminded of the Michigan Governor's race of 2006. Businessman Dick DeVos ran against the Canadian-born, Berkeley educated proto-SCOAMF Jenny Granholm. Despite the fact that Granholm had carpet-bombed Michigan's economy, she won... in part by playing the class warfare card against "the rich businessman."

Michigan voters re-elected Granholm in 2010, and she continued to do Michigan's economy what those Marines did to those dead Jihadis. Naturally, she became one of the SCOAMF's economic advisers and now hosts a show on Olbermann's network.

Posted by: Gregory of Yardale at January 17, 2012 10:28 AM (AQD6a)

40 Yeah, the only problem with this is - do you really think an "average American" making $50k a year and living practically paycheck-to-paycheck can afford to take a year off from work and run for President? If not, you're doing it wrong.

Posted by: Vermin Supreme at January 17, 2012 10:28 AM (7vSU0)

41
yeah, but everything would be swell if only Mitt Romney would've taken his governor's salary.

Then he could show he paid 35% income taxes for four years. But since he didn't, he cannot. But Obama can show he's in a high income tax bracket because he takes his "public service" paycheck.


Posted by: soothsayer at January 17, 2012 10:30 AM (sqkOB)

42 If Romney caves on the tax/wealth issue, he IS a squish. EVERYONE should have a skin in the game, and 15% sounds about right.

Posted by: SuperMag at January 17, 2012 10:30 AM (kAFui)

43 TRAITORSSSSS!!!!  And BIGOTS!!!!

I'm going to report you all to Bigot Watch (a wholly owned subsidiary of Attack Watch brought to you by the Romney campaign). 

Posted by: Y-not at January 17, 2012 10:30 AM (5H6zj)

44 "Much like how the Leaf runs on shiny shiny electricity that comes from unicorn farts and not from coal/oil/nuclear power. "

Slightly off topic, but that commercial makes me nuts.  You just pull up to some free electric plug out on the street corner?  Who the Hell pays for that electricity?  At least the doofus with the Volt was paying for his gas.

Posted by: Dave in Fla at January 17, 2012 10:31 AM (RI0fC)

45 So this is our guy, huh? Good job everyone. Good job.

Posted by: Joffen, fucking sunshine patriot at January 17, 2012 10:31 AM (zLeKL)

46 At this point I'm just hoping a Romney candidacy doesn't do too much collateral damage to a possible congressional mandate for the Right.

Posted by: ontherocks at January 17, 2012 02:28 PM (ZJCDy)

Yeah. I'm also wondering if taking the Senate and keeping the House might be the best we can do. If so, we'll see many, many more assaults on the constitution in SCOAMF II, Tyrannical Boogaloo.

Posted by: joncelli, too stressed by half at January 17, 2012 10:31 AM (RD7QR)

47

You know who else has a shitload of money? Who else makes beaucoup bucks from speaker's fees? Bill Clinton, that's who. That SOB came to town with pocket change and left a wealthy "man".

You know who needs to join Clinton on the circuit? Toonces, that's who.

Posted by: spongeworthy at January 17, 2012 10:31 AM (puy4B)

48

If you want to avoid noblesse oblige it's probably necessary to avoid the noblesse in the first place.

If you want to avoid the noblesse, you need to put up some decent candidates against them.

Posted by: Emperor of Icecream at January 17, 2012 10:32 AM (epBek)

49 We pay our fair share, that's why we're only looking at a $28 million beach home...

Posted by: Mooch-hell at January 17, 2012 10:32 AM (FcR7P)

50
So it's all bullshit.

Mitt Romney donated roughly $600K to the shitty commonwealth of Massachusetts by forefeiting his salary. But that don't count for shit.

And we all that Romney, like Bush (and Cheney) won't take his presidential salary. But that don't mean shit, either. Even though it will add up to more than ALL the goddamm taxes the Obamas ever paid in their lives.

Posted by: soothsayer at January 17, 2012 10:32 AM (sqkOB)

51 Bypassing the flip altogether and going straight to the flop.  Have to admit, he's like an olympian at this stuff.

Posted by: Hussein the Plumber at January 17, 2012 10:32 AM (jx2j9)

52 I do not like any of the candidates. That said, I will take someone who has successfully run a good sized company over the shyster currently in office. He pays a 15% tax rate as that is the rate on dividends and partnership payouts. As these are returns on invested capital and ownership stakes in partnerships, they represent a taxation on previously taxed earnings. I can not fault him for that as it is an intelligent solution. I know many class-warfare liberals who do the same thing. Don't fault someone for reading and obeying the tax code. Want to own land and not pay taxes? Raise bees. Want to minimize taxes from partnerships? Take little or no salary and accept dividend pay-outs. If that's the law, then you are an idiot not to take advantage of it. Romney has actually run things successfully. Kerry can barely manage his mouth. Kerry's money came from the Republican H.J. Heinz III. She was a Republican until her husband died and she married Ol' Horse Douche.

Posted by: Be real at January 17, 2012 10:32 AM (qZb8X)

53 @39
I thought part of DeVos' problem was the taint leftover from Amway. 

Posted by: Y-not at January 17, 2012 10:33 AM (5H6zj)

54
We pay our fair share, that's why we're only looking at a $28 million beach home...

*Hey Mooch...how does "Dreams from my Lanai" sound?*

Posted by: Barky McMocha at January 17, 2012 10:34 AM (SgLsM)

55 Romney took no salary as Governor and donated his salary from running the Olympics. These things also resonate with the 20% independents that decide an election.

Posted by: polynikes - Texan for Romney at January 17, 2012 10:34 AM (eFnXz)

56 If he discloses he paid, what, x millions of dollars in taxes over y number of years, that will shut up enough of the jerks.

Posted by: @newtscouch at January 17, 2012 10:34 AM (7Mtvx)

57 Yes, Romney is far too successful to be the nominee.  I don't know you fuckers anymore.

Posted by: Ken Royall at January 17, 2012 10:35 AM (9zzk+)

58 Tax returns show rich candidate is rich!  It's like people are just going through the motions now.

Posted by: Lincolntf at January 17, 2012 10:35 AM (Qjh0I)

59 "Michigan voters re-elected Granholm in 2010, and she continued to do Michigan's economy what those Marines did to those dead Jihadis"

Excuse me? Last I checked, I'M Governor of Michigan.

Posted by: Rick Snyder at January 17, 2012 10:35 AM (RI0fC)

60 By the way, if he was planning on hiding his wealth, why even mention 15%?

Posted by: @newtscouch at January 17, 2012 10:35 AM (7Mtvx)

61 Romney is in the top 1% of penis size. Trust me I know from experience, once you go Romney any other man feels like throwing a toothpick down a hallway.

Posted by: Beff J. at January 17, 2012 10:36 AM (2/dVc)

62

It's a shame that Cowboys are so unpopular with the American public.

Our ratings might have been better if people didn't hate Cowboys so much. We should have made our show about a Venture Capitalist. They are the ones who come to the rescue when someone is in trouble. Everybody knows that.

Posted by: Justified at January 17, 2012 10:36 AM (xgj/f)

63 58 Tax returns show rich candidate is rich!  It's like people are just going through the motions now.

---

What tax returns? 

Posted by: Y-not at January 17, 2012 10:36 AM (5H6zj)

64 Romney should say,  "I'll release my tax records the day Obama releases his college transcripts" or "I'll show it right after 2.5 years in office like Obama waited to show a birth certificate."

Posted by: Shiggz Newt Warp 9.9 at January 17, 2012 10:36 AM (RfvTE)

65

I would love for anyone to ask SCOAMF why taxes need to be higher.

What value isn't the federal government delivering at $3.5 trillion a year?

Bonus question: Why can't the federal government operate on $2.2 trillion per year?

Posted by: Jay at January 17, 2012 10:36 AM (be3Jh)

66 This South Carolina is the last chance for Newt to win or else we are going to be stuck with Mitt or Obama for four more years.  Newt is the only person in my lifetime to cut the federal government, balance the budget, and have a surplus.

I am full well aware of Newts flaws, but its now down to a binary choice for non Paul fans.  -Mr "I like mandates" and "fees arent taxes" Romney.  Or Newt warts and all.  To me which hill I am willing to risk America and the conservative movement on is clear.

Look what happened to the conservatives post FDR, they were a non-factor for 50 years.  Look what happened to non leftists in Europe once government health care took over.  You ended up with two parties.  Center left and openly violent and openly socialist left.  And a small fringe of right wingers, who have less concerns about freedom and mostly exist as racist fringe.

To me these are our choices and the superior path and person I am willing to spend the next 4-8 years arguing with friends and family to defend is clear.

Thank you for your time, and I really hope my thoughts have motivated you two consider voting for one Newt Gingrich.

Posted by: Shiggz Newt Warp 9.9 at January 17, 2012 10:36 AM (RfvTE)

67
"And you know, the kids, like all kids, loved the dog, and I just want to say this, right now, that regardless of what they say about it, we are going to keep it. "




and strap it to the roof of my Bentley.

Posted by: Laurie David's Cervix at January 17, 2012 10:37 AM (3wBRE)

68 Newt Gingrich has only married 15% of the whores he banged on the side, but you don't see me making an issue of it...

Posted by: Lincolntf at January 17, 2012 10:37 AM (Qjh0I)

69 I think Romney should pay a 122% tax rate. That would be his fair share !!!!!!!!!!!!!

Posted by: Wall_E at January 17, 2012 10:37 AM (48wze)

70 Do not confuse "effective tax rate" with "marginal tax rate". While a middle class income earner may be in the 15% marginal tax rate category he does not have an effective tax rate of 15%.  A person in the $60K range probably has an effective tax rate of around 5 to 8% unless he has a large family, then it will be a lot lower.

Ha ha ha ha.... I wish.

I currently make closer to $70k, but $60k wasn't that long ago.

I can assure you that my federal income tax bill was and is one hell of a lot more than 8% ($4800) when I made $60k even with a $9k mortgage interest deduction.

Posted by: Hollowpoint at January 17, 2012 10:37 AM (SY2Kh)

71 another good reason to not let SCOAMF-Lite be the GOP nominee.

Posted by: redc1c4 at January 17, 2012 10:37 AM (8MasJ)

72 I don't get it, who the fuck pays the top tax rate then, if the super rich like Romney doesn't even pay more than 16%?

Posted by: Christina Hendricks's Mighty Jugs Supports Rick Perry's Hair for President at January 17, 2012 10:37 AM (TCyyS)

73 @67
OK, I lol'd.  Thanks for that chuckle. 

Posted by: Y-not at January 17, 2012 10:38 AM (5H6zj)

74 Nearly every president we've had has been rich. Who gives a damn. If the president starts going all class warfare on Romney's taxes, Romney can just remind him that several members of his administration and his friends owe the IRS, including Mr. Buffett.

Posted by: carl at January 17, 2012 10:39 AM (QocR4)

75

Mitt Romney donated roughly $600K to the shitty commonwealth of Massachusetts by forefeiting his salary.

Good point. Which means it really isn't about "giving back" to the left, it is about jealousy and envy.

Oh, and thanks for reminding me of how much Deval Patrick makes.

Ugh.

Posted by: Jay at January 17, 2012 10:39 AM (be3Jh)

76 Thank you for your time, and I really hope my thoughts have motivated you two consider voting for one Newt Gingrich. Posted by: Shiggz Newt Warp 9.9
........
No.. but I am this much closer to writing in "Chris Christie" on my ballot.

Posted by: Chi-Town Jerry at January 17, 2012 10:39 AM (f9c2L)

77 Shiggz, I'll bet you $10k that's exactly what the plan is.

Posted by: spongeworthy at January 17, 2012 10:39 AM (puy4B)

78

Unfortunately, Romney is correct.  It will be very difficult for him to make the argument that the rich should pay less.  That is unfair for sure.  And we would all like it if the messenger didn't matter, but it does.  It would have been better if he had been a self-made millionare, rather than inheriting a bunch - or at least having been given a good start.  Again, unfair and shouldn't matter. 

All that being said, he should argue for what he believes is right.  I don't like his class warfare type argument for having different capital gains rates.  I really don't like it if he is doing it out of guilt or because he believes he cannot advance the agenda that it should be $0 for all.  But if he does believe it should be $0 for all, then make the argument.  Sure they will say it only benefits him, but be honest.  Stop pandering.  He should know that conservatives will rally to him when it comes to honest conservative arguments.  The Bain attacks show that.  Stop pandering Mitt.  Take a hard position.  Hard in that the other side will be critical of you.  When they say were taxed at a 15% (which does sound low to many), tell them what the actual dollar amount of taxes you paid were (which probably sounds high to many).  

Posted by: SH at January 17, 2012 10:39 AM (gmeXX)

79
Kerry's money came from the Republican H.J. Heinz III. She was a Republican until her husband died and she married Ol' Horse Douche.

Don't forget that Kerry himself comes from big bucks, if only from the black sheep end of the family.  He's a Forbes...not the nouveau riche Forbeses, but the ATT and railroad baron Forbeses.

It's not like he's some blue collar dude who just happened to go to a Swiss finishing school.


Posted by: Wodeshed at January 17, 2012 10:39 AM (SgLsM)

80

Slightly off topic, but that commercial makes me nuts.  You just pull up to some free electric plug out on the street corner?  Who the Hell pays for that electricity? 

Oh, yeah, that drives me nuts as well.  Suuuuuure those are going to stay free.  Yup.  Hell, didn't some city just yank out all the free chargers?

I was addressing ace and the Moron hoard, I figured they would understand. I doubt if Peggy Joeseph knows anything other than how to copy her name from a signature card onto the back of a welfare check.

Posted by: Vic at January 17, 2012 02:25 PM (YdQQY)

It would be fantastic if more people understand the difference between marginal and effective rates.  That's something I was discussing with my parents about evaluating cost of living.  You have to take into account some non-obvious things, like not only the rate of taxation but what is taxed.  It's still shocking to me to pay tax on food and clothes. 

Posted by: alexthechick at January 17, 2012 10:39 AM (VtjlW)

81 Newt, hes like Clinton, but without the rape.

Posted by: Shiggz Newt Warp 9.9 at January 17, 2012 10:39 AM (RfvTE)

82 Also, another thing: he's paying 15% because the money he's used to make that money was already taxed. Just parlay that into a simpler, Ryan-like tax reform.

Posted by: carl at January 17, 2012 10:40 AM (QocR4)

83 @74
I assume the reluctance to release his taxes has nothing to do with what he makes, but something to do with where/what he gives away. 

Posted by: Y-not at January 17, 2012 10:40 AM (5H6zj)

84 Okay, Mitt, don't make the argument for lower taxes. Have Paul Ryan make it...

Posted by: The Robot Devil at January 17, 2012 10:40 AM (136wp)

85 77 Shiggz, I'll bet you $10k that's exactly what the plan is. Posted by: spongeworthy

From Romney?  Hes smart, but hes not clever.  That might be a good bet. lol... lets hope not.

Posted by: Shiggz Newt Warp 9.9 at January 17, 2012 10:41 AM (RfvTE)

86 Who gives a damn. If the president starts going all class warfare on Romney's taxes, Romney can just remind him that several members of his administration and his friends owe the IRS, including Mr. Buffett.

Posted by: carl at January 17, 2012 02:39 PM (QocR4)

Because Mittens will fold like a cheap suit.  Look at how stupidly he handled Bain, to begin with, and that was minor league action.

Posted by: really ... at January 17, 2012 10:41 AM (X3lox)

87 I can assure you that my federal income tax bill was and is one hell of a lot more than 8% ($4800) when I made $60k even with a $9k mortgage interest deduction.

You need to hire an accountant to do your taxes. I made 62K last year in retirement income, filed standard deduction and have no deductable kids and paid a gross percentage of 8%.

Effective tax rate means you take your total federal taxes and divide it by your total gross income.

Posted by: Vic at January 17, 2012 10:42 AM (YdQQY)

88 "72 I don't get it, who the fuck pays the top tax rate then, if the super rich like Romney doesn't even pay more than 16%?" Really? It's called "income tax" not "all you make including investments tax." People who make over 250k a year in income, you know, from working, like a doctor or an NBA player, etc.

Posted by: carl at January 17, 2012 10:42 AM (QocR4)

89

When the non-taxpayers reach 51% of the population, then the rest of us, the actual taxpayers, are fucked.  This has been their plan all along.  What we're witnessing is the rapidly accelerating downward spiral into full blown socialism.

15%?  I wish it were only 5%. 

Posted by: Soona at January 17, 2012 10:42 AM (rfxfJ)

90 OT, from @NYCAviation
GROUND STOP on flights to until at least 3pm local due to low visibility.

The progress rock band Rush hit hardest...

Posted by: The Robot Devil at January 17, 2012 10:42 AM (136wp)

91 As I seem to have to say everyday, when the gnashing of teeth begins...

Obama is unelectable.

It doesn't matter who we run, we will win the Presidency, Senate, and retain the House.  At worst this means Romney doesn't win Pennsylvania, meaning he only gets 300 EVs instead of 320 (or whatever PA has now).

Way too much angst over this.  I'd be worrying more about how to get President Romney to keep his promises that we don't trust him to keep.

Posted by: Dave in Fla at January 17, 2012 10:42 AM (RI0fC)

92 He paid 15%, and that's a problem?  Here's how to fix that when it gets asked:

"I kept 85%--and I want the rest of America to be able to keep 85%, too."

Followup with simple summary of Plan and thunderous applause.

I'm not sure he's bright enough to do that.  Or that he has it in him to begin with.

Posted by: DarkLord© for Prez!
This message brought to you by Morons Against HTML Abuse
at January 17, 2012 10:43 AM (GBXon)

93 "Who gives a damn. If the president starts going all class warfare on Romney's taxes, Romney can just remind him that several members of his administration and his friends owe the IRS, including Mr. Buffett. Posted by: carl at January 17, 2012 02:39 PM (QocR4) Because Mittens will fold like a cheap suit. Look at how stupidly he handled Bain, to begin with, and that was minor league action." I'm a Newt supporter, but I'm not sure how Romney folded like a cheap suit. He's come out the winner on that, unfortunately. A ton of people supporting Newt have abandoned him because of the Bain stuff.

Posted by: carl at January 17, 2012 10:43 AM (QocR4)

94 I love the old "most productive people" bullshit. No doubt that applies to some rich people. I guess if rigging the system and greasing politicians is productive work it might be true for most. Let's just lower the top rate to 20% and raise the cap gains rate to 20% for income above $250,000. Everybody else pay 10%.

Posted by: President Chet Roosevelt at January 17, 2012 10:44 AM (hCMR9)

95 GROUND STOP on flights to until at least 3pm local due to low visibility.

The progress rock band Rush hit hardest...

I imagine so.

Posted by: DarkLord© for Prez!
This message brought to you by Morons Against HTML Abuse
at January 17, 2012 10:45 AM (GBXon)

96 Let me fix that for you:

When the non-taxpayers reachED 51% of the population, then the rest of us, the actual taxpayers, are were fucked.

Posted by: Vic at January 17, 2012 10:45 AM (YdQQY)

97 Way too much angst over this.  I'd be worrying more about how to get President Romney to keep his promises that we don't trust him to keep.
Posted by: Dave in Fla
.........
Amen.

Posted by: Chi-Town Jerry at January 17, 2012 10:46 AM (f9c2L)

98 With all of the fed (including FICA) and state taxes are withheld from my check, I pay 28%.  What's this effective vs. real tax shit?  Let's get the term for taxes straight here.  Everything that the government takes away from what one earns is a fucking tax. 

Posted by: Soona at January 17, 2012 10:46 AM (rfxfJ)

99 #78 Romney did not inherit his millions and did not have to use any family influence to land his job.

Posted by: polynikes - Texan for Romney at January 17, 2012 10:46 AM (eFnXz)

100 I think he doesn't want to release his income tax returns because he wants to use it against Obama in the general.  If he releases them now, he doesn't have much leverage against Obama to release his transcripts.  But if he can wait, when Obama and the press starting asking for his income tax returns, he can say, I'll release them when you release your records. 

Posted by: SH at January 17, 2012 10:46 AM (gmeXX)

101
oh shit, what are we gonna do when the Left finds out Mitt Romney is white and has an all-white family? Nothing wrong with that, but...

surely they're gonna use that against him.


Posted by: soothsayer at January 17, 2012 10:47 AM (sqkOB)

102 With all of the fed (including FICA) and state taxes are withheld from my check, I pay 28%.

He said his effective INCOME tax was 15%, not total taxes.

Posted by: Vic at January 17, 2012 10:47 AM (YdQQY)

103 So, with romney we take obamacare and lowering the tax burden off the table. Stellar candidate guys. Mitt better not fuck with that hair, its pretty much all hes running on now.

Posted by: mugiwara at January 17, 2012 10:47 AM (iVl5j)

104
I can hear it now...

"Mitt Romney only has white children -- not a black child in the bunch. Why does Mitt Romney hate black kids?"

paid for Barack Obama

Posted by: soothsayer at January 17, 2012 10:48 AM (sqkOB)

105

noblesse oblige

Oh Ace...its so cute when you speak Spanish. Guess its a good thing daddy doesn't Habla Espaniola.

 

Posted by: Meg McMac at January 17, 2012 10:49 AM (8ieXv)

106 You need to hire an accountant to do your taxes. I made 62K last year in retirement income, filed standard deduction and have no deductable kids and paid a gross percentage of 8%.

My taxes aren't complicated; a tax accountant isn't going to change the fact that retirement income is taxed differently than wage income.

Posted by: Hollowpoint at January 17, 2012 10:49 AM (SY2Kh)

107 He said his effective INCOME tax was 15%, not total taxes.

Posted by: Vic at January 17, 2012 02:47 PM (YdQQY)

Romney said he “probably” pays only about 15 percent in federal taxes because most of his earnings come from capital gains, which is taxed at a lower rate than traditional income

Posted by: The Robot Devil at January 17, 2012 10:49 AM (136wp)

108

What's this effective vs. real tax shit? 

Rate.  Effective vs. marginal rate.  No one is saying it's not all taxes, the discussion is what effective percentage are you paying post deductions vs. what percentile bracket you are in based upon your income pre-deductions. 

Let's get the term for taxes straight here.  Everything that the government takes away from what one earns is a fucking tax. 

I sincerely doubt anyone here disagrees with that.  If anything, the argument would be whether to include fees as taxes when making the calculations. 

Posted by: alexthechick at January 17, 2012 10:49 AM (VtjlW)

109 Indy coach Caldwell fired.

Posted by: Dr Spank at January 17, 2012 10:49 AM (lVGED)

110 I always think of this scene in Strange Brew, when the guys are driving their van down a steep hill and the brake lines have been cut, and they are out of control. Doug McKenzie lets go of the wheel and says "No point in steering now." http://alturl.com/7pg95

Posted by: blaster at January 17, 2012 10:49 AM (7vSU0)

111 Big news from WI... The Dems have turned in 1 MILLION signatures to recall Governor Walker. There is no way he wins re-election.

Posted by: Greg at January 17, 2012 10:50 AM (Q5a2p)

112

Well, class warfare is at the heart of what this election is all about, so maybe this isn't such a bad thing. From what I've seen lately, Romney does a decent job of defending capitalism. Paul and Gingrich (despite some recent antics) seem to do better at it, but Romney's OK.

Gingrich did a great job of making Juan Williams (and the Left in general) look like the complete asses that they are in one question he answered last night. It was in reference to he prior comments about food stamps and school kids possibly doing light maintenance at their schools, where Juan suggested that the comments were "insulting". Gingrich took it on directly, and was unapologetic, starting off with his daughter having had a similar job in her youth. If it were me, I might have told Juan that HIS comment is insulting to janitors, and contemptuous of the useful work that they do, but Gingrich dug more into the positivity of actually doing work and getting paid for it. What a concept!.

Reminds me of a Kung Fu episode, where some a-hole gives Kane an attitude about Kane's job, which is sweeping the floor. Kane understood the dignity (and dare I say morality) of useful work, and unapologetic, unembarrassed, and a little surprised by the jerk's comments.

Posted by: Optimizer at January 17, 2012 10:50 AM (As94z)

113 I am furious that Romney refuses to release tax returns for the primary. I *think* GOP primary voters are more concerned with percentage of charitable donations and who the candidate chooses to donate to. What are you afraid of Mitt? Do you give only to the Mormons and think that will be held against you in the primary but no problemo in the general?

Posted by: palerider at January 17, 2012 10:50 AM (dkExz)

114 Okay, Mitt, don't make the argument for lower taxes. Have Paul Ryan make it... Posted by: The Robot Devil

Which is why in my fantasy world Ryan accepted the nomination last year, and is currently challenging Obama to a series of 1-hour debates.

Posted by: weft cut-loop at January 17, 2012 10:50 AM (kllqc)

115 "Mitt Romney only has white children -- not a black child in the bunch. Why does Mitt Romney hate black kids?"

paid for Barack Obama

Posted by: soothsayer at January 17, 2012 02:48 PM (sqkOB)

LOL.  Probably a bit too prescient, though.  It's where we're headed.

Posted by: really ... at January 17, 2012 10:50 AM (X3lox)

116 Obama is unelectable.

It doesn't matter who we run, we will win the Presidency, Senate, and retain the House.  At worst this means Romney doesn't win Pennsylvania, meaning he only gets 300 EVs instead of 320 (or whatever PA has now).

Way too much angst over this.  I'd be worrying more about how to get President Romney to keep his promises that we don't trust him to keep.
-----
If Obama is unelectable, why run the guy whom you don't trust? 

Posted by: Y-not at January 17, 2012 10:51 AM (5H6zj)

117

Posted by: Dave in Fla at January 17, 2012 02:42 PM (RI0fC)

I am in your camp too. The SCFOAMF has spooked the herd. Why all the record setting gun purchases, at this time? Wouldn't the American public have set an astronomical gun sales  record following some obvious threat like 911? Why now?

Because people are scared and it is The SCFOAMF that scared them. He is going to lose.

Posted by: Sgt. Fury at January 17, 2012 10:51 AM (r2dnH)

118 I believe the WSJ said Mitt's tax plan plays the populist BS in how it hits the evil "rich", those making over $200K - $250K too.

Posted by: jeannebodine at January 17, 2012 10:51 AM (byR8d)

119

I'm beginning to believe now that part of what the whole "Buffet tax" thing was last year was about Romney because they knew that Romney would probably be the nom.  I wouldn't be surprised if they (the Dems) knew what Romney's tax rate was, and so they began to set the seeds very early, with the Buffet tax and then OWS. Oh, these Dems, they are tricksy.

But, I think Romney will lose the election because of this.  Seriously. And, especially because, if this is the strategy, they've made sure that Obama is paying MORE, or a higher percentage than what he's supposed to (and he probably upped his amount to charities, so that it's more than what Romney pays). I'd bet my house on it. Tricksy.

Posted by: sydney jane at January 17, 2012 10:51 AM (zYWPO)

120 >>He's come out the winner on that, unfortunately. A ton of people supporting Newt have abandoned him because of the Bain stuff.

Possibly, among those that will vote GOP, but the commies haven't even begun to haul out the big guns that will be used to soften up the unwashed  sheeple with vascillating and underdeveloped political instincts who will be voting in the general election.  

Posted by: ontherocks at January 17, 2012 10:52 AM (ZJCDy)

121 He said his effective INCOME tax was 15%, not total taxes.

Posted by: Vic at January 17, 2012 02:47 PM (YdQQY)

 

You've just made my point.  A tax is a tax is a tax is a tax.  The government is forcibly taking it away from me, no matter what the fuck they call it. 

Posted by: Soona at January 17, 2012 10:52 AM (rfxfJ)

122 Yes, you're right Ol' Horse Douche is a Forbes. His parents were well off, but not rich. He had to marry, twice for that. He swapped out the first wife for a better portfolio. It's the type of love that can be marketed-to-market.

Posted by: Be real at January 17, 2012 10:53 AM (qZb8X)

123 Romney said he “probably” pays only about 15 percent in federal taxes because most of his earnings come from capital gains, which is taxed at a lower rate than traditional income

Posted by: The Robot Devil at January 17, 2012 02:49 PM (136wp)

As it should be, as capital gains are WEALTH, not income.  One risks losing money pursuing capital gains.

Posted by: really ... at January 17, 2012 10:53 AM (X3lox)

124 OT: Andrew Sullivan explains why Palin's not running (in response to her tweet that Newsweek shouldn't give a Trig-Truther a cover story): I have no idea, as I have said time and time again, whether Sarah Palin gave birth to Trig, and have never written such a thing. All I ever asked for a person who could become president was some basic evidence for her insane story, like medical records that most candidates have no problem providing. She never provided any, and preferred to withdraw from seeking public office rather than do so. Of course, no response to the substance. She doesn't do substance. Neither, it seems, does much of the rightwing blogosphere.

Posted by: Sarah Fan at January 17, 2012 10:53 AM (2Y56z)

125 Polynikes, the people who reference Romney's family history the most are invariably the ones who know the least. Simply superimposing their mental image of Thurston Howell III onto Mitt is a lot easier than reading a big, scary business book or two.

Posted by: Lincolntf at January 17, 2012 10:53 AM (hiMsy)

126 With all of the fed (including FICA) and state taxes are withheld from my check, I pay 28%.  What's this effective vs. real tax shit?  Let's get the term for taxes straight here.  Everything that the government takes away from what one earns is a fucking tax.  Posted by: Soona
........
Yeah.. and higher earners only pay FICA on the first $110k!

This "50% don't pay taxes crap" is a losing argument.  The family of 4 making $50k sees all the taxes coming out of their checks each month.  And, yes, they are taxed at a lower rate.  But sales taxes on food and clothes and all the taxes phones and cars and everything else is taxed at the same rate no matter how much you make.

So let's lose this stupid "half of you don't pay any taxes".. it's stupid and just wrong.  And when you take all the taxes together, lower income earners pay much higher percentage of their total income in taxes.

Posted by: Chi-Town Jerry at January 17, 2012 10:53 AM (f9c2L)

127 Are you a republican Greg? A conservative? All you do is write shit that is intended to bring everyone down. What exactly is your reason for being? Are you so sad a person that everyone else has to be as miserable as you?

Posted by: Dr Spank at January 17, 2012 10:53 AM (lVGED)

128 more: Or does Romney give a pitiful amount percentage wise? He has been running for office since 2008, if he could not part with some dough to charities that most everyone would like as part of that and be able to release at least the 2010 returns to show it he should be ashamed of himself and deserves to lose the nomination by a landslide. That is politics 101 these days IMO.

Posted by: palerider at January 17, 2012 10:53 AM (dkExz)

129 109 Indy coach Caldwell fired.

OK, so I don't see Peyton staying on at his current salary. 

Posted by: Y-not at January 17, 2012 10:54 AM (5H6zj)

130 @Dave in Fla

I wish I could share your sentiment, but I recall just 3 years after 9/11 America came within a few votes of electing one John Kerry.  A smarmy unserious 60's jackass anti-war D-bag.  Who even darkest corners of the left have said not peep about since the day he lost the election. 

Back then Bush was spending was like crazy and government unions were unmotivated as to them it was win-win unless they were anti-war.  Also Bush won because the he got the largest modern vote % of family values and national defense focused blacks and Hispanics.

There were probably about 10 million less illegals, and La Raza was nothing compared to what it is now.   Also, unless Obama openly starts talking about how much he wants gay marriage legalized or talks about how much his white half loves mayonnaise, his share of the black culture vote is still unassailable.

In your presumption that Obama will lose you overlook so much that has changed since Bush's 04 contest.  (lets not talk about "dusty old balls" kabuki theater 0

Posted by: Shiggz Newt Warp 9.9 at January 17, 2012 10:55 AM (RfvTE)

131
Yes, you're right Ol' Horse Douche is a Forbes. His parents were well off, but not rich. He had to marry, twice for that. He swapped out the first wife for a better portfolio. It's the type of love that can be marketed-to-market.

I'm the cock of the walk, baby.

Want to hear about Viet Nam?

Posted by: John Forbes Kerry Heinz at January 17, 2012 10:55 AM (SgLsM)

132 "The Dems have turned in 1 MILLION signatures to recall Governor Walker. There is no way he wins re-election."

So all they need to do it get all of those signatories to show up on a single day, and drum up another 100,000 votes, and they will win the election.

Sorry, not impressed.

Posted by: Dave in Fla at January 17, 2012 10:55 AM (RI0fC)

133 obama is gonna have his speech accepting a second term from the dems in anther stadium in NC to proclaim his greatness and yada yada yada. What a fuckin asshole

Posted by: nevergiveup at January 17, 2012 10:57 AM (i6RpT)

134

Let's be honest, so long as we have progressive rates we are never going to "win" this argument with certain groups of people.  Rates for wealthy will rise and fall - depending on the economy, the mood of the electorate, etc.  It will be very difficult to raise rates for the middle class - though we all know that is what the Dems would like to do.  But by continuing the prgressive rate structure, we have acknowledged that the "wealthy" should pay more.  Once acknowledged, it is difficult to convince people that the "more" should only be 5%.  Because if the wealthy should pay 5% more, then why not 10%.

We may never get a flat rate, but that is the argument we should be making.  Because while we may not get a flat rate, we can get a flatter rate.  We need to make the argument that saving and investing should be tax free - i.e., 0% capital gain rate. 

We need to make the argument that corporations do not pay income taxes, they are passed on to consumers and employees.  We may never get a 0% corporate tax rate, but we may get a lower one. 

Mitt's differing capital gain rate structure does not help in this regard.  If the middle class and wealthy should have different capital gain rates, then why shouldn't the wealthy pay more in income taxes too?

 

Posted by: SH at January 17, 2012 10:57 AM (gmeXX)

135 Betting on the left to be smarmy and manipulative are pretty safe bets.

Posted by: Shiggz Newt Warp 9.9 at January 17, 2012 10:58 AM (RfvTE)

136

Take heart, people. Romney may not be anybody's perfect candidate, but he seems to really have his s**t together as far as his campaign, and doesn't make a lot of mistakes. This sort of thing is an obvious issue, and I would be really surprised if it isn't part of the plan.

On the one hand, why tell the world about your finances if you're not going to be the nominee? On the other hand, your party needs to know what it's getting itself into.

Posted by: Optimizer at January 17, 2012 10:58 AM (As94z)

137 Where the 15% statement is stupid by him, he should've said "I pay X.X MILLION DOLLARS every year," or whatever the number is, as I'm sure it's more than most Americans make in a year.

That'll shut the fuckers up.

Posted by: © Sponge at January 17, 2012 10:58 AM (UK9cE)

138 "In your presumption that Obama will lose you overlook so much that has changed"

Yes, and they all changed for the worse in the last 3 years.  The economics are set in stone, and voters overwhelmingly vote based on economic factors. This is going to be an ugly election, but it isn't going to be close.

People want jobs, not platitudes.

Posted by: Dave in Fla at January 17, 2012 10:58 AM (RI0fC)

139
So let's lose this stupid "half of you don't pay any taxes".. it's stupid and just wrong.  And when you take all the taxes together, lower income earners pay much higher percentage of their total income in taxes.

Posted by: Chi-Town Jerry at January 17, 2012 02:53 PM (f9c2L)

 

That's horseshit and you know it.

Posted by: Soona at January 17, 2012 10:59 AM (rfxfJ)

140 People want jobs, not platitudes.

Posted by: Dave in Fla at January 17, 2012 02:58 PM (RI0fC)



But, didn't you notice that Obama is BLACK!?! 

Posted by: © Sponge at January 17, 2012 10:59 AM (UK9cE)

141
I'd have to believe that Romney's charitable contributions are extensive.  Not only is the man by all accounts a devout Mormon, presumably inclined to charity, but in a tactical sense he HAD to know that this line of inquiry would be coming.  I'm starting to think that he's going to drop the charity hammer in the general.


Posted by: Wodeshed at January 17, 2012 11:01 AM (SgLsM)

142 134 "The Dems have turned in 1 MILLION signatures to recall Governor Walker. There is no way he wins re-election."

So all they need to do it get all of those signatories to show up on a single day, and drum up another 100,000 votes, and they will win the election.

Sorry, not impressed.

Posted by: Dave in Fla at January 17, 2012 02:55 PM (RI0fC)

One zombie Apocalypse coming up!

Posted by: Wisconsin DNC at January 17, 2012 11:01 AM (136wp)

143 Reagan Rich Bush Sr. Rich W Rich McCain Rich ...am I missing something here?

Posted by: cvb at January 17, 2012 11:02 AM (HRFxR)

144
Let us not forget that the 15% tax rate is on income from investments, that Mitt probably has ALREADY paid income tax on when he made and saved the money.
Posted by: Billy Bob



Actually, the reports I'm seeing on this suggest that the low taxes aren't from the usual difference between marginal income and capital gain rates.

They are linking it back to the way Bain was structured.  Something to do with that tax break for certain investment funds that was causing some news last year. 15% tax for the gain on risking other people's money, rather than his own.

Beats me, until we see Mitt's 1040.

Posted by: Laurie David's Cervix at January 17, 2012 11:02 AM (3wBRE)

145 Dividends are taxed at 15%...BUT the fargin corporation already paid  corporate income tax on that money...the IRS gets to double dip and the libs get to cry, that somehow Romney pays an effective tax rate of 50%, that's not a fair share enough

Tax rates are useless to determine what is actually paid. 

Regardless, personal Income tax is illegal and immoral....no matter what rate.  You can't take something away from someone by force simply because they got it and claim you're alright with the Lord. 


Posted by: Commenter at January 17, 2012 11:02 AM (xHenH)

146 145 Reagan Rich
Bush Sr. Rich
W Rich
McCain Rich

...am I missing something here?

Posted by: cvb at January 17, 2012 03:02 PM (HRFxR)

Stop dating women you meet @ Appleby's. Aim higher and you can be rich, too!

Posted by: The Robot Devil at January 17, 2012 11:04 AM (136wp)

147 retirement income is taxed differently than wage income.

Not for income tax. Income tax is the same regardless of source of income except in the case of capital gains and dividends, and the dividends is only a temporary thing that goes away with the Bush tax cuts and it is ONLY for 'qualified" dividends.

The biggest difference is in SS and SSDI. Those currently are only taxed on "earned income" which doesn't include retirement income.

Posted by: Vic at January 17, 2012 11:04 AM (YdQQY)

148 >> So let's lose this stupid "half of you don't pay any taxes".. it's stupid and just wrong.

Agreed. And Social Security and Medicare are just welfare programs for the middle class.

Because if we're going to treat employment taxes as ... well ... taxes on the one hand, we can't turn around and treat them as retirement plan contributions or health insurance premiums on the other.

Posted by: Andy at January 17, 2012 11:05 AM (5Rurq)

149 The Romney income taxes and the Bain issue are intertwined. That's the real vulnerability. My understanding is that the business of model of private equity firms like Bain takes advantage of provisions in the tax code that let the managers count what is ostensibly salary as if it were a capital gain on an investment. All perfectly legal but perhaps not politically smart to nominate a guy who makes money closing plants in the US and then pays a preferred tax rate for the favor. I'm talking about this as a political liability not an ideological issue. If Romney were a smut peddler he'd be a capitalist but I doubt the pundits would be defending his chosen profession. The big problem is that Romney's supposed biggest strength is actually a political liability that feeds into the leftist narrative of the election.

Posted by: Henry Gomez at January 17, 2012 11:05 AM (ncBJb)

150

I thought Newt's line last night evoking the Declaration and then saying, get a job, get a better job, and then own the job was excellent.  Has all the markings of a notable campaign line.  Reminds me of Regans three part line ending in "recovery is when Carter loses his job."

I wonder if he wrote that and when.  Has it been used in his stump speeches and I just haven't heard it?  I suspect it will moving forward. 

That is one of Mitt's liabilities.  He doesn't have - or has not yet delivered any good campaign lines.  Something that would make Peggan Noonan swoon.  (Cough - I threw up a little writing that). 

A candidate should have more, of course, but a good candidate does deliver those kind of lines.  Mitt hast not - at least that I can recall.  

Posted by: SH at January 17, 2012 11:06 AM (gmeXX)

151 "If Obama is unelectable, why run the guy whom you don't trust?"

Let's be honest here. You and I might not trust him, but the majority of the voters seem to.

I'd like to see Perry be the nominee, but like it or not, Romney is running the best campaign and it is working.  He is up on the airwaves unopposed in Florida right now, and every single sign on the roads are "Romney 2012".

Right now the best campaign is running away with the nomination. And his campaign is a lot better than McCain's was. At least he shows willingness to go for the jugular.

Posted by: Dave in Fla at January 17, 2012 11:06 AM (RI0fC)

152 143: Yeah but Dems think the government should hand out money. Its the GOP core that vote in the primaries that really care about this. To be secretive with the primary voters is yet another slap in the face to the conservative voters, IMO.

Posted by: palerider at January 17, 2012 11:06 AM (dkExz)

153 You know who else was heralded for running a smooth campaign?  Obama 08.

A "smooth well run campaign" is basically just the one the media has decided to protect.  Under constant media assault they all look awful.

Posted by: Shiggz Newt Warp 9.9 at January 17, 2012 11:07 AM (RfvTE)

154 You've just made my point.  A tax is a tax is a tax is a tax.  The government is forcibly taking it away from me, no matter what the fuck they call it.

No, you are missing the point. You are trying to compare apples and oranges. A 15% effective income tax rate is not the same thing as a total effective tax rate. Hell, I have seen years in my life when both myself and my wife worked that I had a total effective tax rate of 50%.

He said an "effective income tax rate" not a total rate. His total rate was probably much higher.

Posted by: Vic at January 17, 2012 11:07 AM (YdQQY)

155
The big problem is that Romney's supposed biggest strength is actually will be spun as a political liability that feeds into the leftist narrative of the election.

Better?

Posted by: Wodeshed at January 17, 2012 11:07 AM (SgLsM)

156 To me these are our choices and the superior path and person I am willing to spend the next 4-8 years arguing with friends and family to defend is clear.

You'll be a blast at the 2019 thanksgiving table.

Posted by: Uncledave at January 17, 2012 11:09 AM (nJ32z)

157 Beats me, until we see Mitt's 1040.

Posted by: Laurie David's Cervix at January 17, 2012 03:02 PM (3wBRE)

 

Not yet.  If Mitt is the nominee, he needs to wait until the general, then challenge Barky to do the same.  The same goes for any of Romney's past written personal records.  Challenge the SCAOMT to reciprocate on every bit of information demanded of our nominee.   

Posted by: Soona at January 17, 2012 11:09 AM (rfxfJ)

158

  I'd have to believe that Romney's charitable contributions are extensive.  Not only is the man by all accounts a devout Mormon, presumably inclined to charity, but in a tactical sense he HAD to know that this line of inquiry would be coming.  I'm starting to think that he's going to drop the charity hammer in the general.

Posted by: Wodeshed at January 17, 2012 03:01 PM (SgLsM)

Yup.  That's why he used the word "effective" very deliberately.  It's going to be hysterical when he releases his 2011 return and all there is is a gigantic charitable deduction and the rest of his income taxed at the regular rate.

Posted by: rockmom at January 17, 2012 11:10 AM (NYnoe)

159 "So all they need to do it get all of those signatories to show up on a single day, and drum up another 100,000 votes, and they will win the election. Sorry, not impressed." Do you really think Gov Walker will get the 1.1 million votes he got last time when his approval rating is in the toilet? I would guess Walker ends up with about 800,000-850,000 votes this time. BTW, the guy the Dems are really lobbying for to run is Herb Kohl.

Posted by: Greg at January 17, 2012 11:10 AM (Q5a2p)

160 It seems to me that there are three key attributes that describe all of the Republican candidates: 1) libertarian principals, 2) conservative principals, 3) intelligence. Romney has 3 spades (not a racist comment) and not much of 1 and 2. Paul has a lot of 1 and a good dose of 3. Santorum has got 2. Gingrich has got over half a tank of 3 and a cocktail parties worth of 1 and 2. Perry has 2 covered and bit of 1 but is running empty on 3. I would prefer a candidate to have a lot of each, but not going to get it. Paul is smart but doesn't think he can win so he doesn't shut up about foreign policy and other places where his ideas are viewed as dangerous. So given my choices, I'll take the intelligence. Obama play acts intelligence, he can't really compete outside of the kabuki theater of racial politics. Romney is handicapped by Mormonism, but let's see the Democrats explain why being a minority racial candidate can not be talked about while being a minority religion candidate can. Then again, Democrats lack any morals and the hypocrisy starts after "hello", so ...

Posted by: Be real at January 17, 2012 11:11 AM (qZb8X)

161
let's discuss the WSJ for a moment

Talk about water-carriers for Big Business/Big Government...

Posted by: soothsayer at January 17, 2012 11:11 AM (sqkOB)

162 Right now the best campaign is running away with the nomination. And his campaign is a lot better than McCain's was. At least he shows willingness to go for the jugular. Posted by: Dave in Fla at January 17, 2012 03:06 PM (RI0fC) Whose jugular? He's only agreed with Obama so far. He's offered nothing on how he's going to fix that clusterfucks mistakes.

Posted by: © Sponge at January 17, 2012 11:11 AM (UK9cE)

163
you'd think a publication like WSJ would be ripping into Obama's policies on a daily basis, that's what you'd think

Posted by: soothsayer at January 17, 2012 11:12 AM (sqkOB)

164 Schmuck, He should have waited until obozo released his transcripts.

Posted by: Avi at January 17, 2012 11:12 AM (iSFyV)

165
OT:  Tebow turned down CBS's offer to appear on some analysis show this weekend.

Posted by: mike at January 17, 2012 11:13 AM (WNvlG)

166 High taxes are why I only pay for stuff with Chicken McNuggets.

Posted by: t-bird at January 17, 2012 11:13 AM (FcR7P)

167 He said an "effective income tax rate" not a total rate. His total rate was probably much higher.

Posted by: Vic at January 17, 2012 03:07 PM (YdQQY)

 

Then that's what he needs to be saying.  It might wake people up as to how much of their money is going to a bunch of bureaucrats just sitting around picking their noses. 

Posted by: Soona at January 17, 2012 11:13 AM (rfxfJ)

168 Big news from WI...

The Dems have turned in 1 MILLION signatures to recall Governor Walker. There is no way he wins re-election.

Posted by: Greg at January 17, 2012 02:50 PM (Q5a2p)

Hey Greg the dumbass is here. His last great prediction was that there would only be 180,000 votes cast in the NH primaries, les than in 2008.

How did that turn out? 247,000 votes. A new record.

Greg shows the typical intellligence of an Obama supporter.

Posted by: robtr at January 17, 2012 11:13 AM (MtwBb)

169 151 The Romney income taxes and the Bain issue are intertwined. That's the real vulnerability. My understanding is that the business of model of private equity firms like Bain takes advantage of provisions in the tax code that let the managers count what is ostensibly salary as if it were a capital gain on an investment. All perfectly legal but perhaps not politically smart to nominate a guy who makes money closing plants in the US and then pays a preferred tax rate for the favor. I'm talking about this as a political liability not an ideological issue. If Romney were a smut peddler he'd be a capitalist but I doubt the pundits would be defending his chosen profession. The big problem is that Romney's supposed biggest strength is actually a political liability that feeds into the leftist narrative of the election.

Posted by: Henry Gomez at January 17, 2012 03:05 PM (ncBJb)

PE guys don't get salary, they get partnership income from the company which it earns in fees and dividends from the companies it runs - which are paid out of post-tax income.  None of it is regular income, because it is all at risk if the company's investments fail.  That's why the IIRS ruled that their income should be taxed as capital gains.

Posted by: rockmom at January 17, 2012 11:14 AM (NYnoe)

170 But lest it get all lost in the point about taxes, I hate Mutt. He is a liberal Democrat who conveniently places an R after his name.

Posted by: Vic at January 17, 2012 11:14 AM (YdQQY)

171 Didn't the Obamas release theirs' recently? What were the facts on that?

Posted by: I am the walrus, goo-goo-ga-joo at January 17, 2012 11:14 AM (ybkwK)

172
Big news from WI...

Greg is a cocksuckin faggot.

developing...

Posted by: soothsayerreport2012 at January 17, 2012 11:14 AM (sqkOB)

173 a fucking tax.

Hey, what a great idea!!

Posted by: Your friendly neighborhood tax czar at January 17, 2012 11:15 AM (/bVuS)

174 Let us not forget that the 15% tax rate is on income from investments, that Mitt probably has ALREADY paid income tax on when he made and saved the money.

That's not a winning argument either.

One could counter that almost all income was already taxed at some point before paying individual federal income taxes.

Are we really going to suggest that investment income shouldn't be taxed at all?  How's that going to play when it leads to high income people like Mitt paying close to 0% while wage earners are paying a much higher percentage?

I'm pretty fucking far from an #OWS type, but if it's the case that certain tax breaks / loopholes result in some high income earners paying a lower percentage than the middle class, that probably is something that should be remedied.  If that takes the form of a flat tax or a limit on how much investment income is eligible for a 15% tax rate, so be it.

The reason the Dems are hammering on the "Republicans only care about the rich" drum is not only because it resonates to some degree with voters, but because Republicans make it easy for them to do so.

Posted by: Hollowpoint at January 17, 2012 11:15 AM (SY2Kh)

175 #142 I thought he was multiracial, raised by a single mother who met Himmler's SS eligibility requirements.

Posted by: Avi at January 17, 2012 11:15 AM (iSFyV)

176 Gerg is an Axelrodent. Its job is to demoralize. Occasionally it'll claim to be a conservative but it's usually halfhearted, and it's pretty clear that it just gets its ya-yas out by ruining other people's days, facts or no facts.

Posted by: joncelli, too stressed by half at January 17, 2012 11:16 AM (RD7QR)

177 Most of those sigs were also Mickey Mouse and Donald Duck too. Which the SOS said he wasn't responsible for verifying accurate.

Corruption at its finest.

Posted by: Vic at January 17, 2012 11:16 AM (YdQQY)

178

34 ALL income needs to be treated the same.. doesn't matter how you acquire it.

Posted by: Chi-Town Jerry at January 17, 2012 02:27 PM (f9c2L)

 

You’re right, all income should be treated the same – untaxed.

The only way solve all the problems is to go to the Fair Tax and stop interfering with the freedom and privacy of the individual.

Posted by: jwest at January 17, 2012 11:16 AM (FdndL)

179 The momentum created by the defeat of Walker will definitely place both houses of Congress in supermajority Democratic control.

Posted by: Greg at January 17, 2012 11:16 AM (2Y56z)

180

@159.  I agree.  I really see no reason for Romney to release his income tax returns, but that is because it will not make any difference to me. Unless there are donations to planned parenthood - I just don't care.  That being said, it may be relevant to others, and if so they should ask for him to release his returns.  If the primary were closer, he might have been forced to.  And still may, I guess. But so long as he is the likely nominee, the better political strategy is to keep them private until Obama and the media ask for him to release them.  Then he can ask Obama to release his student records.  My guess is neither the media nor Obama will ask him to release such records, because it will not be necessary.  Mitt is already the rich capitalist.  The media can ask now, but in the context as part of the GOP primary.

Posted by: SH at January 17, 2012 11:16 AM (gmeXX)

181 "Do you really think Gov Walker will get the 1.1 million votes he got last time when his approval rating is in the toilet?"

HAHAHAHA

Walker already has over a $5M war chest for this election, and the Dems have no candidate.

Again, I'm not impressed.

But sure, if the Unions want to waste another buttload of money on a lost cause, instead of giving to OFA, I'm cool with it.

Look, I know you are a troll, but don't insult our intelligence. After months of canvasing they managed to get all 1 million people who voted against him last time to sign a piece of paper.  So what?

Posted by: Dave in Fla at January 17, 2012 11:17 AM (RI0fC)

182 alexthechick,
leftover from prior thread (chili coma aahhh!)

Okay, so I'm going to start working on that functional alcoholism thing (note to self:  remember to buy alcohol) since Obama is going to be reelected.

Note to Dave: Remember to function!

Posted by: DaveA at January 17, 2012 11:18 AM (t/mAc)

183 The momentum created by the defeat of Walker will definitely place both houses of Congress in supermajority Democratic control.

Posted by: Greg at January 17, 2012 03:16 PM (2Y56z)




So they can do nothing with it like they did last time, except for passing a couple unconstitutional bills that will devistate the US economy for generations to come.

No thanks.

Posted by: © Sponge at January 17, 2012 11:19 AM (UK9cE)

184 @160
How his charitable contributions are perceived in the general will depend to some extent on where he gives when we are talking about the Independents that he's courting.  So if he's been giving to National Right to Life or some pro traditional marriage type place, that could hurt him with Indies, I suppose. 

Obama is not vulnerable on his charitable giving.  He wasn't particularly vulnerable before and he is not at all vulnerable now, because he has the U.S. Treasury as his piggy bank.  He's giving plenty of money away.  It's just that it's our money -- but I don't think the masses care about that. 

I think it's better for Romney to release his returns now.  He will get no positive boost out of them in the general and any potential blowback on where (or how much) he may have given will have died down before the general (should he be the nominee).

The only way his returns hurt him in the primary (and I am assuming that he has a competent tax preparer so there's nothing wrong with his returns) is if he's given to Planned Parenthood or someplace like that or if he has not actually given his tithing amount, which I suppose could piss off some of his base supporters. 

Posted by: Y-not at January 17, 2012 11:19 AM (5H6zj)

185
Joining us now Brent Lipshitz from Madison, Wisconsin with really big news. What's happening, Brent?

Brent: "Well, I'm here in Wisconsin and I just got word that 1 Million people signed a petition saying Greg is a pedo."

Posted by: soothsayerreport2012 at January 17, 2012 11:19 AM (sqkOB)

186 Who gives Rat's Ass about how much Romney paid in taxes? All of these weasel Dem's do everything possible to lower their taxes..Kerry's yacht tax dodge, etc.. I don't give a shit if Romeny pays 1% in taxes......Obama is a lying sack of shit that needs to be defeated....I like paying less in taxes because I can use the money much better then Obama-Marx..............

Posted by: Wall_E at January 17, 2012 11:19 AM (48wze)

187 Big news from WI...

Greg is a cocksuckin faggot.

developing...

Posted by: soothsayerreport2012 at January 17, 2012 03:14 PM (sqkOB)

He's just trying to earn his Chicken McNuggets.

Posted by: Barack Hussein Obama at January 17, 2012 11:19 AM (ggRof)

188 Greg is a cocksuckin faggot.

It took me a minute to figure out you weren't talking about me.  Need more sleep, or more caffeine.

Posted by: Lone Marauder, pre-denounced for your convenience at January 17, 2012 11:19 AM (/bVuS)

189 What a screwed up day. My Hygienist is getting divorced, my assistant broke up with her boyfriend, My hygienist's lawyer is on hold while she talks to some cop about something? It's a hellave a life!

Posted by: nevergiveup at January 17, 2012 11:19 AM (i6RpT)

190 Not for income tax. Income tax is the same regardless of source of income except in the case of capital gains and dividends, and the dividends is only a temporary thing that goes away with the Bush tax cuts and it is ONLY for 'qualified" dividends.

And where is most retirement income derived?  Capital gains, dividends, and SS / SSDI.

Most people pay less than 15%, but most (single) $60k+ wage earners pay well over 5%-8%.

Posted by: Hollowpoint at January 17, 2012 11:20 AM (SY2Kh)

191 Do you really think Gov Walker will get the 1.1 million votes he got last time when his approval rating is in the toilet? I would guess Walker ends up with about 800,000-850,000 votes this time. BTW, the guy the Dems are really lobbying for to run is Herb Kohl.

Posted by: Greg at January 17, 2012 03:10 PM (Q5a2p)

Well Greg since your predictions are usually 30% light that would put Walker right at 1.1 Million votes. That sounds about right.

Posted by: robtr at January 17, 2012 11:20 AM (MtwBb)

192 Walker already has over a $5M war chest for this election, and the Dems have no candidate. Dems have a ground game and Walker doesn't. Walker spent tons of money on ads to stop the recall and look how that turned out.

Posted by: Greg at January 17, 2012 11:20 AM (2Y56z)

193 Why doesn't a Republican explain to all those bitching about Romney paying 15% for investment income that the democrats' solution to this "problem" is to raise the tax on such income INSTEAD of lowering the income tax to 15% which should be a Republican mantra?

Posted by: Dave at January 17, 2012 11:21 AM (Xm1aB)

194 Occasionally it'll claim to be a conservative but it's usually halfhearted, and it's pretty clear that it just gets its ya-yas out by ruining other people's days, facts or no facts.

Posted by: joncelli, too stressed by half at January 17, 2012 03:16 PM (RD7QR)

That's not true at all. I am indeed a Concerned Christian Conservative and I'm only trying to warn fellow cons, er, conservatives what the political future holds.

I also like to pop a squat over a punchbowl. That part is true.

Posted by: Gerg at January 17, 2012 11:21 AM (26eIS)

195 his approval rating is in the toilet?

I guess in the mid 40's is now "In the toilet"

So you think Obama will get reelected with his approval ratings in the toilet?

Posted by: MikeTheMoose Camellia Sinensis Operative at January 17, 2012 11:21 AM (0q2P7)

196 191 What a screwed up day. My Hygienist is getting divorced, my assistant broke up with her boyfriend, My hygienist's lawyer is on hold while she talks to some cop about something? It's a hellave a life!

Posted by: nevergiveup at January 17, 2012 03:19 PM (i6RpT)

Delayed-reaction Friday the 13th. However, in compensation you get to have three days for St. Patrick's Day.

Posted by: joncelli, too stressed by half at January 17, 2012 11:21 AM (RD7QR)

197
The momentum created by the defeat of Walker will definitely place both houses of Congress in supermajority Democratic control.

Posted by: Greg at January 17, 2012 03:16 PM (2Y56z)

Who is this, Miss Cleo of Psychic Friends Network?  Prevaricating prognostication and oral masturbation in one sentence is the hallmark of liberalism.  Get a job bitch!

Posted by: Doctor Fish at January 17, 2012 11:23 AM (TkGkA)

198

I think not taxing investment income plays well with a certain segment of the population - OLD PEOPLE who rely on investment income, and who have been hammered in the past 10 years.  You know what OLD PEOPLE do, they vote.  You know who else might like not taxing investment income.  Boomers who are about to retire.  You know what there are a lot of - Boomers.  Let's make the argument that they will be better off if investment income is not taxed. 

You know who will not like it - Young people.  They are unreliable voters.  Trying to convince them is not worthwhile, because they will not believe you.  They know better than you.  But they may not vote at all.  Voting for Obama is so 2008.  They will understand one day why investment income should not be taxed.  But they first need to earn income to have some investments.

Posted by: SH at January 17, 2012 11:23 AM (gmeXX)

199 Dems have a ground game and Walker doesn't. Walker spent tons of money on ads to stop the recall and look how that turned out.

Um OK if you think that was his goal. I guess there's no accounting for the gullible.

Posted by: MikeTheMoose Camellia Sinensis Operative at January 17, 2012 11:24 AM (0q2P7)

200

Greg did call the Wisconsin Supreme Court race right though.

What's the name of that new justice again Greg? The democrats ground game at its finest.

Posted by: robtr at January 17, 2012 11:24 AM (MtwBb)

201 Dems have a ground game and Walker doesn't. Walker spent tons of money on ads to stop the recall and look how that turned out.

Posted by: Greg at January 17, 2012 03:20 PM (2Y56z)

You're rooting for the financial demise of Wisconsin?  Weird....

Posted by: Tami at January 17, 2012 11:24 AM (X6akg)

202 What a screwed up day. My Hygienist is getting divorced, my assistant broke up with her boyfriend, My hygienist's lawyer is on hold while she talks to some cop about something? It's a hellave a life!

Posted by: nevergiveup at January 17, 2012 03:19 PM (i6RpT)



Is she hot?

Posted by: © Sponge at January 17, 2012 11:24 AM (UK9cE)

203 Fuck off, Greg.  You no longer entertain me.

Posted by: Soona at January 17, 2012 11:25 AM (rfxfJ)

204 The momentum created by the defeat of Walker will definitely place both houses of Congress in supermajority Democratic control.

Dude? Why are you bogarting whatever it is you are smoking? Pass it around so we can all see fairies, unicorns, and other fantasies come to life.

Posted by: MikeTheMoose Camellia Sinensis Operative at January 17, 2012 11:25 AM (0q2P7)

205 I'm pretty fucking far from an #OWS type, but if it's the case that certain tax breaks / loopholes result in some high income earners paying a lower percentage than the middle class, that probably is something that should be remedied.

Posted by: Hollowpoint at January 17, 2012 03:15 PM (SY2Kh)

You're looking at the situation from the wrong side, entirely.  You are viewing taxation as a tool instead of its actual purpose of funding the government.  Fairness being expressed in the taxes being uniformly applied, which progressive taxation is specifically against, arguing that certain people "should" be paying more ... in absolute dollars and then in percentage terms. 

It's just another case of leftists fashioning laws that are targeted for DISPARATE IMPACT ...  yeah ... the same people who try to stop groups like Connecticut firefighters from giving objective tests, because of the DISPARATE IMPACT, though not of any intention, at all.


"and without regard to any census or enumeration."

just sayin' ...

Posted by: really ... at January 17, 2012 11:26 AM (X3lox)

206 Is she hot? Posted by: © Sponge at January 17, 2012 03:24 PM (UK9cE) Overweight, 2 kids and broke..Interested?

Posted by: nevergiveup at January 17, 2012 11:27 AM (i6RpT)

207 Yeah, let's just tax people based on their total wealth!! 15 percent of your net worth every year straight to the Gubmint! That'll teach those fat cats!

Posted by: Lincolntf at January 17, 2012 11:27 AM (hiMsy)

208
Governor Scott Walker was on Rush today, and stated that thousands of volunteers will challenge the recall petitions, especially those signed by Mickey Mouse and Hitler.  Game on liberals!

Posted by: Doctor Fish at January 17, 2012 11:28 AM (TkGkA)

209 209 Is she hot?
Posted by: © Sponge at January 17, 2012 03:24 PM (UK9cE)

Overweight, 2 kids and broke..Interested?

Posted by: nevergiveup at January 17, 2012 03:27 PM (i6RpT)

Does she like Chicken McNuggets?

Posted by: joncelli, too stressed by half at January 17, 2012 11:29 AM (RD7QR)

210

Lord knows that John Kerry's billions made him a pariah. He couldn't make any kind of class warfare argument. No way, no how!

It did hurt him. Even republicans used it against him.

Don't you remember the windsurfing picture? Who windsurfs, who does not yacht? He was certainly caricatured that way.

Posted by: Entropy at January 17, 2012 11:29 AM (mf67L)

211
Overweight, 2 kids and broke..Interested?

Posted by: nevergiveup at January 17, 2012 03:27 PM (i6RpT)



Nope.  Already got one of those.

Was just going to offer the words of encouragement that were she hot, it'll all work out in the end since life is easier when you're hot.

Posted by: © Sponge at January 17, 2012 11:29 AM (UK9cE)

212 176 Let us not forget that the 15% tax rate is on income from investments, that Mitt probably has ALREADY paid income tax on when he made and saved the money.

That's not a winning argument either.

One could counter that almost all income was already taxed at some point before paying individual federal income taxes.

Are we really going to suggest that investment income shouldn't be taxed at all?  How's that going to play when it leads to high income people like Mitt paying close to 0% while wage earners are paying a much higher percentage?

Yes, I would make that argument - if a wage earner pays taxes on his earnings and then chooses to invest that money in the stock market, he should not have to pay any capital gains taxes on the return from his investment.  As an investor, he is taking a risk with his own capital - his reward should not be punished.  But, at the same time, he should not be able to deduct any loses either.

On the other hand, if you are talking about 401K (pre-tax) investment earnings, then I would agree that you should pay some, very small capital gains taxes on those earnings. 

Posted by: Not an Artist at January 17, 2012 11:29 AM (fOPv7)

213

Dude? Why are you bogarting whatever it is you are smoking? Pass it around so we can all see fairies, unicorns, and other fantasies come to life.

At least now we know what's powering the Leaf.


 

Posted by: alexthechick at January 17, 2012 11:29 AM (VtjlW)

214

I am against the carried interest rate of 15%. I think it's a ripoff and a give away to wallstreeters that have none of their own money invested.

The capital gains rate of 15% is different in that you have money at risk. You can either win or lose money when you invest. Look at homes for example. If you lose money in the stock market you can only take a $3 K loss per year deduction, it doesn't matter how much you lost in excess of that during the year.

 

Posted by: robtr at January 17, 2012 11:30 AM (MtwBb)

215 Didn't Greg also predict the defeat of the Republican Wisconsin Supreme Court Justice also? Nostradamas he's not.

Posted by: polynikes - Texan for Romney at January 17, 2012 11:30 AM (eFnXz)

216 Overweight, 2 kids and broke..Interested?

Posted by: nevergiveup at January 17, 2012 03:27 PM (i6RpT)

 

Sounds like Greg's girlfriend.

Posted by: Soona at January 17, 2012 11:30 AM (rfxfJ)

217 Not least because Kerry made his money the same way McCain did - a lifetime of corrupt politics and a marraige to a rich heiress.

Posted by: Entropy at January 17, 2012 11:30 AM (mf67L)

218 Huff Po did an analysis of charitable giving over a number of years, not just the campaign year, for all the Republican candidates. For those looking to be angry at Romney for not giving enough to charity, prepare to be disappointed again. Some of the others have not been so generous. http://tinyurl.com/78m7u73

Posted by: JackStraw at January 17, 2012 11:31 AM (TMB3S)

219 One could counter that almost all income was already taxed at some point before paying individual federal income taxes.

Ummm. No. That is the first thing a corporation is going to write off is how much they payed me the employee.

Posted by: MikeTheMoose Camellia Sinensis Operative at January 17, 2012 11:31 AM (0q2P7)

220 Yeah, that vaunted Dem ground game was so amazingly effective the last two times in Wisconsin.

Oh, that's right, I forgot. The GOP cheated in those, didn't they?

No big deal, we will just steal this one too.

Posted by: Dave in Fla at January 17, 2012 11:31 AM (RI0fC)

221 Sounds like Greg's girlfriend. Posted by: Soona at January 17, 2012 03:30 PM (rfxfJ) No-- nice person, known her almost all her life, she just married a SOB. Actually can be a nice guy, but he never grew up and they drive more and nicer cars than I do.

Posted by: nevergiveup at January 17, 2012 11:32 AM (i6RpT)

222 Arguing with "greg"is useless. He is either a sock or about as dumb as a creosote post. Either way you are wasting time.

Posted by: Vic at January 17, 2012 11:32 AM (YdQQY)

223

You're rooting for the financial demise of Wisconsin?  Weird....

Posted by: Tami at January 17, 2012 03:24 PM (X6akg)

And with unbridled enthusiasm, even.

It's what selfish assholes do!

Posted by: ErikW at January 17, 2012 11:33 AM (26eIS)

224 I honestly can't recall ever having an overweight hygienist.

Posted by: Waterhouse at January 17, 2012 11:33 AM (Br7O6)

225 Greg- Herb Kohl-what happened to Feingold?

Posted by: tasker at January 17, 2012 11:34 AM (r2PLg)

226

The capital gains rate of 15% is different in that you have money at risk. You can either win or lose money when you invest. Look at homes for example. If you lose money in the stock market you can only take a $3 K loss per year deduction, it doesn't matter how much you lost in excess of that during the year.

 

Posted by: robtr at January 17, 2012 03:30 PM (MtwBb)

 

That's why so many people, including myself, took such bad hits in 2009.

Posted by: Soona at January 17, 2012 11:34 AM (rfxfJ)

227 What's the name of that new justice again Greg? The democrats ground game at its finest. Kloppenburg declared victory and I don't recall Prosser disputing that. Probably too busy assaulting one of the female justices on his court.

Posted by: Greg at January 17, 2012 11:35 AM (2Y56z)

228 Romney is so in the pockets of banks he took away the loophole MA banks were using when they were ridiculously posing as real estate business entities.

Posted by: polynikes - Texan for Romney at January 17, 2012 11:35 AM (eFnXz)

229

@218.  That argument works well with @216.  If you put your own money at risk, then you should not pay taxes on it when it earns income.  You should not be able to deduct any losses (limited to $3,000 anyway, so no big loss).  Correspondingly, you can then tax carried interest.

Now taxing carried interest would change the tax affect of billions of dollars of investment deals in place in this country. So let's be mindful of it. 

But I think the general point is worthwhile, if you risk your own capital, it should not be taxed.  You are already paying Ron Paul's favorite tax anyway - the inflation tax. 

Posted by: SH at January 17, 2012 11:35 AM (gmeXX)

230 I honestly can't recall ever having an overweight hygienist. Posted by: Waterhouse at January 17, 2012 03:33 PM (Br7O6) Well not all that much overweight, but someone asked is she hot, and being I guy, ie a pig, I was being rather harsh.

Posted by: nevergiveup at January 17, 2012 11:35 AM (i6RpT)

231 Arguing with "greg"is useless. He is either a sock or about as dumb as a creosote post. Either way you are wasting time.

Posted by: Vic at January 17, 2012 03:32 PM (YdQQY)

You're right, of course and I find it better to channel that angry energy into mocking them.

Posted by: ErikW at January 17, 2012 11:36 AM (26eIS)

232 One could counter that almost all income was already taxed at some point before paying individual federal income taxes.

Ummm. No. That is the first thing a corporation is going to write off is how much they payed me the employee.

And think of how that would go otherwise. The corp would get taxed at corporate rate which for a piss ant nothing corp is 15%, then, get passed on to me to pay 15% in capital gains, an effective tax of 28% on that money; Compare that to average effective tax rates.

Romney sux at explaining sh*t

Posted by: MikeTheMoose Camellia Sinensis Operative at January 17, 2012 11:37 AM (0q2P7)

233 15% seems low to me.  Either he isn't as rich as we all think he is or he has the best tax lawyers, accountants and tax shelters money can buy.  

Posted by: ambrosia at January 17, 2012 11:38 AM (oZfic)

234 Kloppenburg declared victory and I don't recall Prosser disputing that. Probably too busy assaulting one of the female justices on his court.

Posted by: Greg at January 17, 2012 03:35 PM (2Y56z)



Funny.  I look at the list of Wisconsin SC Justices and I don't see the name Kloppenburg anywhere.

Facts are really a tough thing for you, aren't they, Greg?

Posted by: © Sponge at January 17, 2012 11:38 AM (UK9cE)

235 235 Arguing with "greg"is useless. He is either a sock or about as dumb as a creosote post. Either way you are wasting time.

Posted by: Vic at January 17, 2012 03:32 PM (YdQQY)

You're right, of course and I find it better to channel that angry energy into mocking them.

Posted by: ErikW at January 17, 2012 03:36 PM (26eIS)

That's the nice thing about Gerg -- he's both persistently wrong and persistently persistent. You always now that you'll be able to taunt him a second time.

Posted by: joncelli, too stressed by half at January 17, 2012 11:39 AM (RD7QR)

236 Always KNOW. This is my monday.

Posted by: joncelli, too stressed by half at January 17, 2012 11:39 AM (RD7QR)

237 I'd love to get in on that 15% action. 

Posted by: Wodeshed at January 17, 2012 02:22 PM (SgLsM)

Strive to make more money.  Everyone will benefit in the process.

Posted by: really ... at January 17, 2012 02:23 PM (X3lox)

 

Or have kids...or, more kids.  Single with no dependents and throwing in state income tax, Medicare and SS I paid in $17,200 (26.5%).

Posted by: Country Singer at January 17, 2012 11:39 AM (L8r/r)

238 Kloppenburg declared victory and I don't recall Prosser disputing that. Probably too busy assaulting one of the female justices on his court.

Posted by: Greg at January 17, 2012 03:35 PM (2Y56z)

Uhmm dumbass, you were declaring victory before the votes were counted on this very blog the night of the election. Prosser did dispute your the dem dummy that you ran. He said he would wait until the votes were counted to see who actually won.

I think he also disputed her idiotic claim when he was sworn into office again after defeating  her soundly.

Posted by: robtr at January 17, 2012 11:40 AM (MtwBb)

239

A troll? Where is he? Huh, where is he? Lemme at him. I had a rough day at work and I'd like nothing better than to eviscerate a troll right before supper.

It won't spoil my appetite, really it won't.

Posted by: BackwardsBoy, CEO Curmudgeons INC. at January 17, 2012 11:40 AM (d0Tfm)

240 No-- nice person, known her almost all her life, she just married a SOB. Actually can be a nice guy, but he never grew up and they drive more and nicer cars than I do.

Posted by: nevergiveup at January 17, 2012 03:32 PM (i6RpT)

 

I guess that rules Greg out then.  He's still driving his severely dented 1973 Ford LTD.  Now that I think about it, Greg probably couldn't pick up a jonesing crack ho.   

Posted by: Soona at January 17, 2012 11:40 AM (rfxfJ)

241 I honestly can't recall ever having an overweight hygienist.
Posted by: Waterhouse at January 17, 2012 03:33 PM (Br7O6)

Last hygienist I had was a thin lesbian.  But, get her drunk and BOY can she give a blow......

Posted by: © Sponge at January 17, 2012 11:40 AM (UK9cE)

242 Kloppenburg declared victory and I don't recall Prosser disputing that.

Oh the election board did that for him. That's what happens when you win. You don't have to declare victory, you are declared the victor.

He is either a sock or about as dumb as a creosote post. Either way you are wasting time.

Creosote posts know how to repel pestilence. That makes them smarter than Greg.

Posted by: MikeTheMoose Camellia Sinensis Operative at January 17, 2012 11:41 AM (0q2P7)

243 I have no problem with noblesse oblige, as long as the nobles use their own money.

When Bill Gates chooses to use his wealth to fund research into a malaria vaccine, he's acting, I think, in the finest tradition of American philanthropy. But if he were to use his wealth to purchase high office, then use the power of the office to compel me to donate to his favorite cause, there we part company. And that, I fear, is what Mitt will do.

Posted by: Brown Line at January 17, 2012 11:42 AM (VrNoa)

244 How about everyone pays taxes until spending is under control? The issue isn't what tax rate someone pays under our insane system it's what is done with the money. We are getting nothing for our tax dollars, if we burned we might at least get some warmth. Instead we get to watch people with the intellectual agility of a small soap dish throw it away on useless endeavors. If we fill up the tank, they will still not get anywhere because they are revving the engine in neutral. I don't care that he managed to find a way to pay less taxes. I care about a candidate that will stop the spending and switch the vehicle into a gear. I would prefer that gear to be reverse, but I will take any destination over sitting the the hell we now find ourselves.

Posted by: Be real at January 17, 2012 11:43 AM (qZb8X)

245 229 Herb Kohl-what happened to Feingold?

Possible Dem candidates:
Herb Kohl
Russ Feingold
Ron Kind
David Obey
State Sen. Tim Cullen
State Sen. Jon Erpenbach
State Rep. Peter Barca
Former Dane County executive Kathleen Falk
Milwaukee mayor Tom Barrett

Posted by: Miss80s at January 17, 2012 11:43 AM (d6QMz)

246 @237, actually 15% should be about what he tops off at.  Capital gain rates are 15%, dividend rates are 15%.  He has no job that produces ordinary income, other than speeches, and while hefty at over $300,000, they likely pale in comparison to his investment returns.  Plus he may have realized some losses, so even with his gains, his rate is less than 15%.  The wealthier you get, the more your effective rate should move toward 15% because you are getting more and more from gains and dividends.  I have probably just made the Dem argument for why the rates should be higher, but oh well.  None of that matters.  While their (the wealthy) effective rates may be less than mine, their actaul amount paid is far higher. 

Posted by: SH at January 17, 2012 11:43 AM (gmeXX)

247 Tax rate is 0.00% if you choose to invest in tax-free municipal bonds that fund local incompetence.

So tell me MBM/DNC, why should certain taxpayers benefit from encouraging malignant governance?

Posted by: Commenter at January 17, 2012 11:44 AM (xHenH)

248 You're looking at the situation from the wrong side, entirely. You are viewing taxation as a tool instead of its actual purpose of funding the government. Fairness being expressed in the taxes being uniformly applied, which progressive taxation is specifically against, arguing that certain people "should" be paying more ... in absolute dollars and then in percentage terms.

Except you can't just write off what is perceived as "fairness".

Of course the role of taxation is (or should be) strictly for funding the government.  However, ask 100 people if they believe that it's "fair" that someone making millions a year pays a lower percentage than someone in the middle class.  I suspect the number of people OK with that would be in the single digits.

It's not about gouging the rich or class warfare, but acknowledging that we live in a democracy, and if we take the position that we're OK with high income earners paying a lower rate than middle class income earners, it's an argument that we're guaranteed to lose.

Posted by: Hollowpoint at January 17, 2012 11:44 AM (SY2Kh)

249 This thread's getting crusty.

Posted by: joncelli, too stressed by half at January 17, 2012 11:45 AM (RD7QR)

250 15%??? well, there goes the welfare parasite vote. Shit.

Posted by: maddogg at January 17, 2012 11:45 AM (OlN4e)

251

It's time for Perry to drop out and throw his support to Newt.  Even in Texas, he's coming in third.  All he can do now is help hand the nomination to Romney.

 

 

Posted by: Titus Quinctius Cincinnatus at January 17, 2012 11:45 AM (+inic)

252

 He has no job that produces ordinary income

See!  Don't forget, I'm unemployed just like so many other Americans struggling to get by these days.

Posted by: Mitt Romney resonating with voters at January 17, 2012 11:45 AM (GULKT)

253 Democrats used to whine that predominantly black defendants charged with crack cocaine offenses received harsher sentences than predominantly white defendants charged with possession of the same amount of powder cocaine. Their solution: Lower sentences for crack cocaine offenses. Democrats whine that Romney and Buffett pay a 15% effective tax rate on investment income while less affluent folks pay more like 25% of their income in taxes. Their solution: Raise the capital gains tax instead of lowering the income tax rate. Can't someone in the GOP point this shit out--it's not that complicated?

Posted by: Dave at January 17, 2012 11:45 AM (Xm1aB)

254 While their (the wealthy) effective rates may be less than mine, their actaul amount paid is far higher.

Dude check your effective rates. You might be surprised how low they really are.

Posted by: MikeTheMoose Camellia Sinensis Operative at January 17, 2012 11:47 AM (0q2P7)

255 While their (the wealthy) effective rates may be less than mine, their actaul amount paid is far higher.

Since the top 25% pay 86% of fed taxes they may not be as wore out at the end of the day pulling the fed cart but at least they got us an engine to help us pull it.

Posted by: Buzzsaw at January 17, 2012 11:48 AM (tf9Ne)

256 Why do Republicans and Conservatives continually fall into the Liberal trap? The law is 15% taxes on capital gains. That is, 15% on income produced from investments (more or less). There's also the possibility that the investment makes no money and Romney could earn nothing (or very little). There is risk involved and the lower tax rates encourage investment.

Posted by: Teleprompter at January 17, 2012 11:48 AM (NbmYl)

257 Romney '12: A Million Times Better Than Obama

Posted by: FUBAR at January 17, 2012 11:49 AM (mdhVr)

258 Ummm. No. That is the first thing a corporation is going to write off is how much they payed me the employee.

True, but the employer isn't paying you to lose them money or reduce their tax liability.  You have a job because they deem you necessary in generating a profit.

And where does their profit come from?  Being paid for goods and services (mostly) with taxed income.

Posted by: Hollowpoint at January 17, 2012 11:49 AM (SY2Kh)

259 No matter what the tax rate is right now, I'm tired of giving my hard earned money to people who've made really bad decisions in their lives and who absolutely refuse to take responsibility of that fact.

Posted by: Soona at January 17, 2012 11:50 AM (rfxfJ)

260 With all the anti-Romney posts, and Perry suckin' hind tit in every poll out there, I'm wondering if Ace is throwing his support to Salamander, or just flinging doo doo at Romney.

Posted by: maddogg at January 17, 2012 11:50 AM (OlN4e)

261 Kloppenburg declared victory and I don't recall Prosser disputing that. Probably too busy assaulting one of the female justices on his court

Hahahahaha. Greg's a talking-point spouting machine, isn't she?

Posted by: Andy at January 17, 2012 11:50 AM (5Rurq)

262 Greg is Average Joe, you doufusses! If it is too crazy or whacked out, check the hash marks. By the way, I find him amusing.

Posted by: mike at January 17, 2012 11:51 AM (WNvlG)

263 while less affluent folks pay more like 25%

In order to pay an effective rate of 25% you have to be.

1. Single
2. Have NO deductions
3. Make 250k a year.

The middle class family making 140K a year with a modest mortgage (10K interest a year) and one kid has an effective rate of

drum roll

15.41%

Posted by: MikeTheMoose Camellia Sinensis Operative at January 17, 2012 11:51 AM (0q2P7)

264 Except you can't just write off what is perceived as "fairness".

You have to confront it - the mistaken, abused leftist perversion of it - head on, as you have to do with every single important concept that lefties have tried to redefine for their asinine and nihilistic purposes.

Of course the role of taxation is (or should be) strictly for funding the government.  However, ask 100 people if they believe that it's "fair" that someone making millions a year pays a lower percentage than someone in the middle class.  I suspect the number of people OK with that would be in the single digits.

A candidate shouldn't be asking people anything.  He should be arguing his case, and arguing it well.  Sadly, this ain't Mittens' strong point.

It's not about gouging the rich or class warfare, but acknowledging that we live in a democracy,

It's far more important to acknowledge that we DO NOT live in a democracy.  We live in a Republic.  You'd think that the Republican party would just understand that.

and if we take the position that we're OK with high income earners paying a lower rate than middle class income earners, it's an argument that we're guaranteed to lose.

Posted by: Hollowpoint at January 17, 2012 03:44 PM (SY2Kh)

That's beyond ridiculous.  I mean, really.

Posted by: really ... at January 17, 2012 11:51 AM (X3lox)

265 I apologize for calling you doufusses. I should have called you MORONS. Mea culpa.

Posted by: mike at January 17, 2012 11:52 AM (WNvlG)

266

 Arguing with "greg"is useless. He is either a sock or about as dumb as a creosote post. Either way you are wasting time.
 

Post 231 as exhibit A

Posted by: Damn Sockpuppet at January 17, 2012 11:52 AM (YmPwQ)

267 Hahahahaha. Greg's a talking-point spouting machine, isn't she?
Posted by: Andy
...........
probably gets all his "news" over at Daily Kooks.

Posted by: Chi-Town Jerry at January 17, 2012 11:53 AM (f9c2L)

268 What's a hygienist?  Is it somebody who tells you what needs cleaning?

"Sandy, you need to vacuum."
"Sandy, there are mushrooms growing in your laundry pile."
"Sandy, you should shower at least once a week."

I think my ex-girlfriend was a hygienist.

Posted by: sandy burger at January 17, 2012 11:53 AM (ErTq7)

269 And where does their profit come from?  Being paid for goods and services (mostly) with taxed income.

Yes that is a third step removed. You could make the third step argument for Romney's pay to. First the company made money taxed at 15% by the people that paid it, then got taxed at 15% themselves, then passed along a capital gain that got taxed at 15% back to Romney.

In the "employee" model, the marginal rate is higher, the effective rate is about the same, and it only happens twice in this scenario, not 3 times.

Posted by: MikeTheMoose Camellia Sinensis Operative at January 17, 2012 11:54 AM (0q2P7)

270 If this Willard guy is part of the rich 1% can we talk him into paying off that 15 trill we charged on the national credit card?

Posted by: Bob Saget at January 17, 2012 11:54 AM (SDkq3)

271 If wikipedia goes off for a day, will the MFM have to shut down for lack of sources?

Posted by: t-bird at January 17, 2012 11:54 AM (FcR7P)

272

Since I got here late, I suppose somebody upthread already mentioned how Mitt's giving the SCOAMF ammunition.

While there's nothing wrong with paying as little as possible in taxes (everybody does it), Mitt's actually using a real, live number.

The only time leftards even comprehend the use of numbers is so they jump up and down and scream, "That's too much!!!!111" or "That's not enough!!111!1"

Mitt's got to learn to start qualifying everything he says, because the SCOAMF's going to use it against him every time. If Mitt always follows up with a few facts, then he can always point back to the SCOAMF and say that he obviously didn't hear the rest of his statement, and then proceed to launch back.

Posted by: BackwardsBoy, CEO Curmudgeons INC. at January 17, 2012 11:55 AM (d0Tfm)

273 Thanks Miss80s. David Obey...oh gawd,

Posted by: tasker at January 17, 2012 11:55 AM (r2PLg)

274 He is either a sock or about as dumb as a creosote post. Racist!

Posted by: Juan Williams at January 17, 2012 11:56 AM (FcR7P)

275 AHEM

Posted by: Greg (Q5a2p) = Troll
Posted by: Greg (2Y56z) = Average Joe

Posted by: weft cut-loop at January 17, 2012 11:56 AM (kllqc)

276 I'm not rich, but 15% seems like a plenty high rate for anyone to pay. Of that 15%, I figure maybe 2% at most will be spent by the government on anything remotely productive.

Posted by: Galos Gann at January 17, 2012 11:58 AM (T3KlW)

277
Today is Betty White's 90th birthday, and she's up for a good cooter bump to celebrate.  Call 1-800-GET-ITON with Betty.

Posted by: Doctor Fish at January 17, 2012 11:58 AM (TkGkA)

278 Posted by: Greg (Q5a2p) = Troll
Posted by: Greg (2Y56z) = Average Joe (Also A Troll)

Fixed.



Posted by: Waterhouse at January 17, 2012 11:58 AM (Br7O6)

279 Peter Barca-wasn't he one of the flee baggers?

Posted by: tasker at January 17, 2012 11:59 AM (r2PLg)

280

MiketheMoose.  I know exactly what my effective rates are.  I can tell you they are more than 15%. Not much.  I was going to add this point earlier, but I'll add it now.  Most people's effective rate tops off at 18% regardless of what the income tax rates are.  I think this is interesting because historically spending has been about 18% of GDP - before the Obama administration that is.  I don't think it is conicidence that those two rates are about the same.

If you add state and local taxes, they are quite a bit higher than 15%. 

But you are right, very few people have an effective rate that exceeds 20%.  One reason why I like Newt's 15% flat tax over Perry's 20% (though I think Perry keeps the mortgage deduction and charitable contribution - defeating the purpose of the flat tax).  If someone comes out in favor of 10% flat tax, or dare I say it, a 9% rate, I might support them.

Posted by: SH at January 17, 2012 11:59 AM (gmeXX)

281

Mitt's got to learn to start qualifying everything he says, because the SCOAMF's going to use it against him every time. If Mitt always follows up with a few facts, then he can always point back to the SCOAMF and say that he obviously didn't hear the rest of his statement, and then proceed to launch back.

Posted by: BackwardsBoy, CEO Curmudgeons INC. at January 17, 2012 03:55 PM (d0Tfm)

 

You're forgetting.  The MFM will give Barky as long as he wishes to talk about whatever is being talked about.  They'll give our nominee ten second soundbites.

Posted by: Soona at January 17, 2012 11:59 AM (rfxfJ)

282

maybe 2% at most will be spent by the government on anything remotely productive.

I don't think that the military accounts for 2% of that 15%. 

Posted by: alexthechick at January 17, 2012 12:00 PM (VtjlW)

283 Newt Gingrich would make a fantastic Press Secretary.

Sure, he's no Tony Snow, but still, it's a job that would play to his strengths and interests.

Posted by: sandy burger at January 17, 2012 12:00 PM (ErTq7)

284 Gingrich is a no-go in the General. Not that Romney's a shoo-in (no one is) but homeboy Newt just doesn't have shelf life. He'll end up geTting caught porking a waitress or passing a fake twenty right before Labor Day.

Posted by: Lincolntf at January 17, 2012 12:00 PM (uIz80)

285 Posted by: Greg (2Y56z) = Average Joe (Also A Troll)

Fixed.

Posted by: Waterhouse at January 17, 2012 03:58 PM (Br7O6)

 

Very much so.

Posted by: ErikW at January 17, 2012 12:01 PM (26eIS)

286 Turkish report: Israel aiding Kurdish rebels Intelligence officials claim Israeli drones collected data that helped Kurdish rebels set up training bases in Syria-Turkey border, Today's Zaman reports Well I certainly hope so. Hey turks, ever hear the expression "Turnabout is fair play"

Posted by: nevergiveup at January 17, 2012 12:01 PM (i6RpT)

287

I'm not rich, but 15% seems like a plenty high rate for anyone to pay. Of that 15%, I figure maybe 2% at most will be spent by the government on anything remotely productive.

IIRC, Russia instituted a flat tax a few years back, around 13%. Their revenues went up considerably.

A flat tax here of 12% across the board with no deductions (or 14% and keep the mortgage deduction) and a balanced budget amendment that limits it to absolutely no more than 80% of GDP would go an awfully long way towards getting and keeping us prosperous and free. Lower numbers would be even better.

Posted by: BackwardsBoy, CEO Curmudgeons INC. at January 17, 2012 12:03 PM (d0Tfm)

288 That's beyond ridiculous. I mean, really.

OK, go for it- make the argument that will convince a majority of voters to be perfectly happy that someone making millions of dollars a year pays a lower tax rate than someone in the middle class.

Since it's so easy, I'm sure it won't be taxing for you- go for it.  I'll wait.

Posted by: Hollowpoint at January 17, 2012 12:03 PM (SY2Kh)

289 Well I certainly hope so. Hey turks, ever hear the expression "Turnabout is fair play"

Posted by: nevergiveup at January 17, 2012 04:01 PM (i6RpT)


And the Kurds were the only reliable allies the US had in Iraq.  They are also the ones about to be the most screwed.  They sit on too much oil.

Posted by: really ... at January 17, 2012 12:04 PM (X3lox)

290

My biggest beefs with the US tax system:

1.  Why are employers responsible for withholding and paying taxes?

2.  Why do paystubs not show the employer portion of FICA taxes that the employee is receiving (for that matter, why not show all employee costs, such as healthcare)?

3.  Why do corporations, businesses pay any taxes at all? 

Can anyone make a philisophical argument in favor of any of those (well at least 1 and 3), 2 is just something I think employers should show their employees so they get a better sense of the true cost of employing them.

Posted by: SH at January 17, 2012 12:04 PM (gmeXX)

291 The left is going to make an issue of anything and everything...except Obama's record and the economy. Romney should repeat this before every answer: "Obama has no record to run on. The stimulus was a failure and the economy is a disaster. Our President, who hasn't released his transcripts and took 2.5 years to show a birth certificate, if trying to make an issue of my success and by following the laws of this nation, to avoid talking about how he's run up the deficit and has no plan to fix the economy. He'd much rather campaign and get 4 more years of tax payer paid plane rides and bus tours, than deal with our domestic problems. Now what was your question?" How much did Obama pay in taxes?

Posted by: Teleprompter at January 17, 2012 12:05 PM (NbmYl)

292 And the Kurds were the only reliable allies the US had in Iraq. They are also the ones about to be the most screwed. They sit on too much oil. Posted by: really ... at January 17, 2012 04:04 PM (X3lox) Yeah we fucked them like we fuck a lot of our allies. Well they Kurds fucked up also: they believed us

Posted by: nevergiveup at January 17, 2012 12:05 PM (i6RpT)

293 A flat tax here of 12% across the board with no deductions (or 14% and keep the mortgage deduction) and a balanced budget amendment that limits it to absolutely no more than 80% of GDP would go an awfully long way towards getting and keeping us prosperous and free. Lower numbers would be even better.

That is too high. If we are going absolutely flat with no deductions and no minimums it should be no higher than 10%. As I said the average middle class tax payer is not paying that mush in income tax.

Posted by: Vic at January 17, 2012 12:06 PM (YdQQY)

294

And the Kurds were the only reliable allies the US had in Iraq.  They are also the ones about to be the most screwed.  They sit on too much oil.

Posted by: really ... at January 17, 2012 04:04 PM (X3lox)

 

Hmmmm.  I thought the Kurds were sitting on the world's supply of cottage cheese. 

Posted by: Soona at January 17, 2012 12:06 PM (rfxfJ)

295

I got a new unifying theory regarding R candidates, past and present.  My two stars are Newt and Huckleberry.  Both demonstrably hate them some Romney.  Both have their supporters scratching their heads over some of the stuff they said about Mitt.  Both these guys have gone after Mitt in ways that had/might have the effect of killing their own political futures, all in the service of trying to derail the Mitt train.

They know something we don't.  Something about Mitt that they find so intolerable, they do not want to see him win the White House.  Even willing to kill their own chances of winning, that's how bad they want to keep Mitt out. 

What could it be???

Posted by: BurtTC at January 17, 2012 12:07 PM (TOk1P)

296 Newt Gingrich would make a fantastic Press Secretary.

Sure, he's no Tony Snow, but still, it's a job that would play to his strengths and interests.

Posted by: sandy burger at January 17, 2012 04:00 PM (ErTq7)

Yes! Gingrich would treat the press pool like they're fucking idiots which is exactly what they deserve.

Posted by: ErikW at January 17, 2012 12:08 PM (26eIS)

297 Posted by: MikeTheMoose Camellia Sinensis Operative at January 17, 2012 03:47 PM (0q2P7)

Except...take a look at your total tax bill. Add SS and Medicaid and state and local taxes. My total is 44% And that's not including sales taxes and the various other screwings we all take from our government.

Why don't we talk about the total tax burden on Americans rather than conflating Federal taxes with total taxes?

I'll answer my own question. Because our collectives heads would explode.

Posted by: CharlieBrown'sDildo (NJconservative) at January 17, 2012 12:08 PM (nEUpB)

298

Newt Gingrich would make a fantastic Press Secretary.

I thought that was the Horde consensus.

God, I miss Tony Snow. 

Posted by: alexthechick at January 17, 2012 12:08 PM (VtjlW)

299

Yes! Gingrich would treat the press pool like they're fucking idiots which is exactly what they deserve.

Posted by: ErikW at January 17, 2012 04:08 PM (26eIS)

If I was the President I would eliminate the "WH Press" and throw them out.

Posted by: Vic at January 17, 2012 12:09 PM (YdQQY)

300 276 If wikipedia goes off for a day, will the MFM have to shut down for lack of sources? Posted by: t-bird at January 17, 2012 03:54 PM (FcR7P) Why would they? The difference between Wikipedia and the crap the MSM makes up on their own is minimal.

Posted by: Merovign, Dark Lord of the Sith at January 17, 2012 12:09 PM (bxiXv)

301

I don't see how making $362,000 a year just for talking about how much money he made through "creative destruction", i.e. buying firms and firing (formerly) middle class workers, could possibly create any kind of issue in the general election.

It's just capitalism, that's all. Once it's explained that way, everything should be just fine.

I think we're golden.

Posted by: OCBill at January 17, 2012 12:09 PM (YJvVE)

302

They know something we don't.  Something about Mitt that they find so intolerable, they do not want to see him win the White House.  Even willing to kill their own chances of winning, that's how bad they want to keep Mitt out. 

What could it be???

Posted by: BurtTC at January 17, 2012 04:07 PM (TOk1P)

 

Good hair?

Posted by: Soona at January 17, 2012 12:09 PM (rfxfJ)

303 (though I think Perry keeps the mortgage deduction and charitable contribution - defeating the purpose of the flat tax).  If someone comes out in favor of 10% flat tax, or dare I say it, a 9% rate, I might support them.

Posted by: SH at January 17, 2012 03:59 PM (gmeXX)

I'm OK with deductions that are taken by a huge proportion of the population (i.e., mortgage interest).  You can't monkey around with peoples' financial expectations like that.

I think a simple solution is: If 10% of taxpayers don't take a deduction, it must be eliminated for the next year.

As to Romney, since he's a Mormon, I think he probably takes a huge number of deductions due to charities.  

Also, does this include payroll taxes?  (BTW, that's part of the trick that Buffett uses to argue that his secretary pays a higher rate.)

Posted by: AmishDude at January 17, 2012 12:10 PM (T0NGe)

304 The real problem with his tax returns will probably center around all those donations to Planned Parenthood.

Posted by: OCBill at January 17, 2012 12:10 PM (YJvVE)

305

Way OT, but would like some advice.  I asked my commie senator from Florida if he supported Obamao making appointments while the senate is in session.  Based on his response below, do I follow-up and advise him I don't like being treated like a dummy or just consider the source and let it slide?  I did not ask him how recess appointments work.

  Thank you for contacting me in regards to recess appointments.

      Recess appointments are legal and sometime even necessary to keep government functioning when a small minority  in Congress attempts to block just about everything. There is no specific length of time that Senate must be in recess before Article II gives the President the authority to fill vacancies.        President Obama has used recess appointments judiciously.  President Ronald Reagan made at least three times as many recess appointments each year. During his first term, President George W. Bush made more than three times as many recess appointments as President Obama.        I appreciate hearing your views. Please do not hesitate to contact me in the future.                                      Sincerely,                                    Bill Nelson

Posted by: Turd Ferguson at January 17, 2012 12:10 PM (WUWb9)

306 I've been saying for weeks that Plough is salivating at facing Romney because he has 'No Core' and because he's what the Occutards are protesting. He is the weekest candidate to face Obama and the MFM polls are pushing the 'electibility' non-sense just like they did with McVain.

Posted by: Schwalbe: The Me-262© at January 17, 2012 12:10 PM (UU0OF)

307 Yeah we fucked them like we fuck a lot of our allies.

It's a bad idea to be America's enemy, and it's a bad idea to be America's friend.  The smartest policy is to be friends with America's enemies, but willing to keep that friendship strictly professional... for a price.

American foreign policy needs a reboot.  The incentives are all screwed up.

Posted by: sandy burger at January 17, 2012 12:11 PM (ErTq7)

308 In order to pay an effective rate of 25% you have to be.

1. Single
2. Have NO deductions
3. Make 250k a year.

The middle class family making 140K a year with a modest mortgage (10K interest a year) and one kid has an effective rate of

drum roll

15.41%

Posted by: MikeTheMoose Camellia Sinensis Operative at January 17, 2012 03:51 PM (0q2P7)

Good point.  I have to look at my taxes, but I'm single and deduct mortgage interest and make about 75K.  I'll bet I paid about 11K in taxes.

Posted by: AmishDude at January 17, 2012 12:12 PM (T0NGe)

309 Again, I beat my drum. End Withholding -- let the smoke clear -- then elect a new political class and discuss taxes, the value of government services, etc.

Posted by: Jean at January 17, 2012 12:12 PM (WkuV6)

310 Since it's so easy, I'm sure it won't be taxing for you- go for it.  I'll wait.

Posted by: Hollowpoint at January 17, 2012 04:03 PM (SY2Kh)

Er ... the flat tax is pretty popular and it hasn't even been argued correctly.

Percentage represents the unit of financial "fairness" in every transaction similar to government taxation (without the force the government brings with its side, of course).  Therefore, it would be, and very much IS, normal to view fairness in taxation as a percentage expression.  Progressives, in their very name and label for the taxation, say that "percentage" is not a financial measure of fairness, but "need" is.  Well, that sort of thinking is repulsive to your average American.  And when it comes down to personal expenses, many normal people suddenly realize how UNFAIR and ridiculous the idea that percentage == financial fairness, but opposite to the progressive solution.  A lawyer does no work that could be fairly rated as being attached to a percentage of the judgment.  It's beyond silly, especially when class-action suits have brought in insane judgments in a quirky way.  People start to realize that fairness is a monotonically decreasing function - it goes DOWN as the value goes up.

There are thousands of ways of arguing these points and the "fairness" - though I wouldn't even address that part, as "fairness" has nothing to do with it, uniformity is the important concept in taxation - and getting normal people to like a flat tax and appreciate it.

Posted by: really ... at January 17, 2012 12:13 PM (X3lox)

311 Oh, everyone is down in THIS thread... I looked in the top one, and like, no one has posted in it for 2.5 HOURS! I assumed everyone else was Raptured, and I was left behind to go thru everyone's porn stash...

Posted by: CoolCzech at January 17, 2012 12:14 PM (niZvt)

312 I beat my drum.

Posted by: Jean at January 17, 2012 04:12 PM (WkuV6)

This is AOSHQ. You're not supposed to be beating your drum.

Posted by: CharlieBrown'sDildo (NJconservative) at January 17, 2012 12:14 PM (nEUpB)

313

God, I miss Tony Snow. 

Posted by: alexthechick at January 17, 2012 04:08 PM (VtjlW)

 

I do too.  He had a calming affect.  He had a way of putting everything into the exact proper perspective.  Not only do I miss him as press secretary, but also when he'd fill in for Rush as guest host. 

Posted by: Soona at January 17, 2012 12:14 PM (rfxfJ)

314 No the top thread was a dead thread that ace bumped.

Posted by: Vic at January 17, 2012 12:15 PM (YdQQY)

315

Yes! Gingrich would treat the press pool like they're fucking idiots which is exactly what they deserve.

Posted by: ErikW at January 17, 2012 04:08 PM (26eIS)

I think that Rumsfeld remains one of the greatest in that respect, ever.

Posted by: really ... at January 17, 2012 12:15 PM (X3lox)

316 By the way, my personal feeling about "requiring" a candidate to release their income tax form... Nobody's Goddamn Business I mean, seriously. NONE of our beeswax. I'd be far more interested in Obama's medical and school and any other record, for that matter.

Posted by: CoolCzech at January 17, 2012 12:16 PM (niZvt)

317 Now ace has new thread up. Pelosi wants Muttens!

Posted by: Vic at January 17, 2012 12:16 PM (YdQQY)

318 323 No the top thread was a dead thread that ace bumped. Posted by: Vic at January 17, 2012 04:15 PM (YdQQY) Oh, OK - he must have just done it, 'cause no one else had commented since 1:40 pm in it.

Posted by: CoolCzech at January 17, 2012 12:16 PM (niZvt)

319 Based on his response below, do I follow-up and advise him I don't like being treated like a dummy or just consider the source and let it slide? Posted by: Turd Ferguson at January 17, 2012 04:10 PM (WUWb9) I'd tell him I don't appreciate being treated like an idiot, he's in violation of his oath of office, and since he cares so little for the constitution I hope he finds himself subject to a few warrantless searches or maybe an extrajudicial detention every now and then. And then I'd get nasty.

Posted by: Merovign, Dark Lord of the Sith at January 17, 2012 12:17 PM (bxiXv)

320 Can anyone make a philisophical argument in favor of any of those (well at least 1 and 3), 2 is just something I think employers should show their employees so they get a better sense of the true cost of employing them.

The answer to all three questions is the same: To hide the amount of taxes people pay, either directly or indirectly.

Almost nobody knows how much they pay in taxes. Federal income taxes? Easy. SS / Medicare taxes? No problem.

The multitude of taxes levied on countless goods and services? Not at all easy. The hidden taxes in the form of higher prices that result from tax expenses? Almost impossible.

Posted by: Hollowpoint at January 17, 2012 12:17 PM (SY2Kh)

321 It's a bad idea to be America's enemy, and it's a bad idea to be America's friend.  The smartest policy is to be friends with America's enemies, but willing to keep that friendship strictly professional... for a price.

American foreign policy needs a reboot.  The incentives are all screwed up.

Posted by: sandy burger at January 17, 2012 04:11 PM (ErTq7)

Very well put.

Posted by: really ... at January 17, 2012 12:17 PM (X3lox)

322 During his first term, President George W. Bush made more than three times as many recess appointments as President Obama.        I appreciate hearing your views. Please do not hesitate to contact me in the future.                                      Sincerely,                                    Bill Nelson

Posted by: Turd Ferguson at January 17, 2012 04:10 PM (WUWb9)

And do you know why Nelson's form letter included that phrase?

Because the Democrats in Congress did EXACTLY what the Republicans are doing now.  They seemed to think that it was enough to block recess appointments back then.

The point of recess appointments was to avoid having to call Congress back into session when they had taken their horses and wagons back to their home states, not to circumvent a perfectly legal process.

Congress is blocking these appointments for a reason, so Obama should instead...I don't know...maybe negotiate?

Posted by: AmishDude at January 17, 2012 12:17 PM (T0NGe)

323 284 Peter Barca-wasn't he one of the flee baggers?

He was not but Jon Erpenbach (D-Middleton) and Tim Cullen (D-Janesville) were.

Posted by: Miss80s at January 17, 2012 12:18 PM (d6QMz)

324

If I was the President I would eliminate the "WH Press" and throw them out.

Posted by: Vic at January 17, 2012 04:09 PM (YdQQY)

It would be fun to nuke that.

Schedule a presser, tell them they're all a bunch of lying, useless assholes and then tell them to get the fuck out. Then turn it into a pool hall.

Posted by: ErikW at January 17, 2012 12:21 PM (26eIS)

325 I have to look at my taxes, but I'm single and deduct mortgage interest and make about 75K. I'll bet I paid about 11K in taxes. Get married and have some kids...dependents are great deductions. Obama earned $1.7 million and paid 23% in 2010. Is that fair? How come he didn't voluntarily pay more? Following the current tax code? (although he's in a position to change it) End of discussion.

Posted by: Teleprompter at January 17, 2012 12:23 PM (NbmYl)

326

"Here's the problem with nominating a rich guy: He's so vulnerable on the class-warfare stuff he has to preemptively surrender on it some."

Which comes first: the rich candidate or the class-warfare stuff?

 

Posted by: RokShox at January 17, 2012 12:23 PM (pcly4)

327 Simple example:

A broker recieves 6% of the sale price of the house.  A house sells for $250,000 and the broker gets $15,000.  A similar house in a different neighborhood sells for $850,000 and the same broker gets $51,000 for the same transaction.  Is that "fair" to the seller?

People understand that percentages are only an assessment of any sort of "fairness" for small numbers.  The larger the numbers get, the less the percentage has to be to feel ... "fair".

This is how the normal person views this situation and sees it in everyday life.  They understand percentages  - even though Mr. "profits and earnings ratios" ... Mr. "reduce your health insurance premiums by 3000%!!!" and his ilk don't.  Maybe if Mittens would point this out he might have it a bit easier.  He's going to be arguing anything involving a number greater than 20 with a guy who's a legitimate math illiterate.  ILLITERATE!

Posted by: really ... at January 17, 2012 12:25 PM (X3lox)

328 There are thousands of ways of arguing these points and the "fairness" - though I wouldn't even address that part, as "fairness" has nothing to do with it, uniformity is the important concept in taxation - and getting normal people to like a flat tax and appreciate it.

Except you didn't address the current issue.  You acknowledged that "fairness" is expressed in terms of percentage, so is it fair (or would it be considered fair) for someone like Romney to pay a higher percentage than his auto mechanic?  If so, why?

A flat tax won't happen, but it would that would be one way to address it.

Posted by: Hollowpoint at January 17, 2012 12:30 PM (SY2Kh)

329 Simple example:

A broker recieves 6% of the sale price of the house.  A house sells for $250,000 and the broker gets $15,000.  A similar house in a different neighborhood sells for $850,000 and the same broker gets $51,000 for the same transaction.  Is that "fair" to the seller?

Which seller?  Would the seller of the $250,000 house think it fair if the broker gave the seller of the more expensive house a break on the commission percentage when he had to pay full price?

Posted by: Hollowpoint at January 17, 2012 12:38 PM (SY2Kh)

330 Make one dollar with manual labor send 35 cents to the government. Take the remaining 65 cents and loan it to someone to use and they pay you $1 as well.  Now out of that you send the government 15 cents. So out of 2 dollars one for labor one for investment you send the government 50 cents yet you don't pay enough.

Posted by: Tjexcite at January 17, 2012 12:48 PM (sk1Ym)

331

313 Turd:  In his response to me, Nelson also had the balls to say that Obama's appointments were legal and reasonable.  As you say, our commie senator.  I am so looking forward to working for his challenger and voting against him (Nelson) in Nov.  I told him that back in 2010.

Posted by: rabidfox at January 17, 2012 12:58 PM (mZoIj)

332 The POS didn't even have the guts to lie to me about being "legal and reasonable".  I share your enthusiasm for his departure!

Posted by: Turd Ferguson at January 17, 2012 01:05 PM (WUWb9)

333 Let's see what Romney's charitable giving is. I think people will be shocked at the amount. We know at the very minimum it is 10% of his income, but I bet is is way beyond that.

Posted by: Sara (Pal2Pal) at January 17, 2012 05:06 PM (0M2Nt)

334

The rich people I know pay much more than 15%. The "rich" paid the most during the Clinton years. 39+%. + + +

Something about the warren buffet level rich. They only pay 15%.

Posted by: Lemon Kitten at January 17, 2012 07:43 PM (i/wm2)

335 I make diddle. I pay more than 15%. Where did that 15% come from?

Posted by: Lemon Kitten at January 17, 2012 07:44 PM (i/wm2)

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