January 17, 2012
— 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.
Posted by: blaster at January 17, 2012 10:18 AM (7vSU0)
Sweet! Go Go Romney!
The GOP is teh super smart.
Posted by: lorien1973 at January 17, 2012 10:18 AM (usXZy)
Posted by: president o'bama at January 17, 2012 10:18 AM (sHY5w)
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)
Posted by: Beff J. at January 17, 2012 10:19 AM (2/dVc)
As incorrect as one can possibly be.
Full retard.
Posted by: really ... at January 17, 2012 10:19 AM (X3lox)
Posted by: joncelli, too stressed by half at January 17, 2012 10:20 AM (RD7QR)
Posted by: Hopped up on Something at January 17, 2012 10:20 AM (z+hCt)
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)
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)
Oh WAIT...........what an unbelievably shitty situation we're in.
Posted by: © Sponge at January 17, 2012 10:21 AM (UK9cE)
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)
Posted by: nevergiveup at January 17, 2012 10:23 AM (i6RpT)
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)
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)
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)
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)
Posted by: blaster at January 17, 2012 10:24 AM (7vSU0)
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)
Posted by: dogfish at January 17, 2012 10:25 AM (NuPNl)
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)
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)
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)
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)
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)
Posted by: Preznit O. at January 17, 2012 10:26 AM (iVl5j)
Posted by: ace at January 17, 2012 10:26 AM (nj1bB)
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)
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)
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)
Posted by: Vic at January 17, 2012 10:27 AM (YdQQY)
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)
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)
Posted by: McLovin at January 17, 2012 10:28 AM (j0IcY)
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)
Posted by: Vermin Supreme at January 17, 2012 10:28 AM (7vSU0)
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)
Posted by: SuperMag at January 17, 2012 10:30 AM (kAFui)
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)
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)
Posted by: Joffen, fucking sunshine patriot at January 17, 2012 10:31 AM (zLeKL)
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)
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)
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)
Posted by: Mooch-hell at January 17, 2012 10:32 AM (FcR7P)
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)
Posted by: Hussein the Plumber at January 17, 2012 10:32 AM (jx2j9)
Posted by: Be real at January 17, 2012 10:32 AM (qZb8X)
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)
Posted by: polynikes - Texan for Romney at January 17, 2012 10:34 AM (eFnXz)
Posted by: @newtscouch at January 17, 2012 10:34 AM (7Mtvx)
Posted by: Ken Royall at January 17, 2012 10:35 AM (9zzk+)
Posted by: Lincolntf at January 17, 2012 10:35 AM (Qjh0I)
Excuse me? Last I checked, I'M Governor of Michigan.
Posted by: Rick Snyder at January 17, 2012 10:35 AM (RI0fC)
Posted by: @newtscouch at January 17, 2012 10:35 AM (7Mtvx)
Posted by: Beff J. at January 17, 2012 10:36 AM (2/dVc)
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)
---
What tax returns?
Posted by: Y-not at January 17, 2012 10:36 AM (5H6zj)
Posted by: Shiggz Newt Warp 9.9 at January 17, 2012 10:36 AM (RfvTE)
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)
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)
"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)
Posted by: Lincolntf at January 17, 2012 10:37 AM (Qjh0I)
Posted by: Wall_E at January 17, 2012 10:37 AM (48wze)
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)
Posted by: redc1c4 at January 17, 2012 10:37 AM (8MasJ)
Posted by: Christina Hendricks's Mighty Jugs Supports Rick Perry's Hair for President at January 17, 2012 10:37 AM (TCyyS)
Posted by: carl at January 17, 2012 10:39 AM (QocR4)
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)
........
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)
Posted by: spongeworthy at January 17, 2012 10:39 AM (puy4B)
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)
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)
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)
Posted by: Shiggz Newt Warp 9.9 at January 17, 2012 10:39 AM (RfvTE)
Posted by: carl at January 17, 2012 10:40 AM (QocR4)
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)
Posted by: The Robot Devil at January 17, 2012 10:40 AM (136wp)
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)
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)
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)
Posted by: carl at January 17, 2012 10:42 AM (QocR4)
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)
GROUND STOP on flights to #YYZ 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)
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)
"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)
Posted by: carl at January 17, 2012 10:43 AM (QocR4)
Posted by: President Chet Roosevelt at January 17, 2012 10:44 AM (hCMR9)
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)
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)
Posted by: Dave in Fla
.........
Amen.
Posted by: Chi-Town Jerry at January 17, 2012 10:46 AM (f9c2L)
Posted by: Soona at January 17, 2012 10:46 AM (rfxfJ)
Posted by: polynikes - Texan for Romney at January 17, 2012 10:46 AM (eFnXz)
Posted by: SH at January 17, 2012 10:46 AM (gmeXX)
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)
He said his effective INCOME tax was 15%, not total taxes.
Posted by: Vic at January 17, 2012 10:47 AM (YdQQY)
Posted by: mugiwara at January 17, 2012 10:47 AM (iVl5j)
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)
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)
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)
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 incomePosted by: The Robot Devil at January 17, 2012 10:49 AM (136wp)
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)
Posted by: blaster at January 17, 2012 10:49 AM (7vSU0)
Posted by: Greg at January 17, 2012 10:50 AM (Q5a2p)
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)
Posted by: palerider at January 17, 2012 10:50 AM (dkExz)
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)
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)
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)
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)
Posted by: jeannebodine at January 17, 2012 10:51 AM (byR8d)
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)
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)
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)
Posted by: Be real at January 17, 2012 10:53 AM (qZb8X)
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)
Posted by: Sarah Fan at January 17, 2012 10:53 AM (2Y56z)
Posted by: Lincolntf at January 17, 2012 10:53 AM (hiMsy)
........
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)
Posted by: Dr Spank at January 17, 2012 10:53 AM (lVGED)
Posted by: palerider at January 17, 2012 10:53 AM (dkExz)
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)
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)
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)
Posted by: nevergiveup at January 17, 2012 10:57 AM (i6RpT)
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)
Posted by: Shiggz Newt Warp 9.9 at January 17, 2012 10:58 AM (RfvTE)
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)
That'll shut the fuckers up.
Posted by: © Sponge at January 17, 2012 10:58 AM (UK9cE)
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)
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)
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)
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)
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)
Posted by: cvb at January 17, 2012 11:02 AM (HRFxR)
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)
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)
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)
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)
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)
Posted by: Henry Gomez at January 17, 2012 11:05 AM (ncBJb)
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)
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)
Posted by: palerider at January 17, 2012 11:06 AM (dkExz)
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)
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)
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)
You'll be a blast at the 2019 thanksgiving table.
Posted by: Uncledave at January 17, 2012 11:09 AM (nJ32z)
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)
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)
Posted by: Greg at January 17, 2012 11:10 AM (Q5a2p)
Posted by: Be real at January 17, 2012 11:11 AM (qZb8X)
Posted by: © Sponge at January 17, 2012 11:11 AM (UK9cE)
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)
Posted by: Avi at January 17, 2012 11:12 AM (iSFyV)
Posted by: t-bird at January 17, 2012 11:13 AM (FcR7P)
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)
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)
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)
Posted by: Vic at January 17, 2012 11:14 AM (YdQQY)
Posted by: I am the walrus, goo-goo-ga-joo at January 17, 2012 11:14 AM (ybkwK)
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)
Posted by: Avi at January 17, 2012 11:15 AM (iSFyV)
Posted by: joncelli, too stressed by half at January 17, 2012 11:16 AM (RD7QR)
Corruption at its finest.
Posted by: Vic at January 17, 2012 11:16 AM (YdQQY)
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)
Posted by: Greg at January 17, 2012 11:16 AM (2Y56z)
@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)
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)
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)
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)
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)
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)
Posted by: Wall_E at January 17, 2012 11:19 AM (48wze)
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)
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)
Posted by: nevergiveup at January 17, 2012 11:19 AM (i6RpT)
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)
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)
Posted by: Greg at January 17, 2012 11:20 AM (2Y56z)
Posted by: Dave at January 17, 2012 11:21 AM (Xm1aB)
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)
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)
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)
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)
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)
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)
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)
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)
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)
Posted by: Soona at January 17, 2012 11:25 AM (rfxfJ)
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)
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)
Posted by: nevergiveup at January 17, 2012 11:27 AM (i6RpT)
Posted by: Lincolntf at January 17, 2012 11:27 AM (hiMsy)
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)
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)
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)
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)
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)
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)
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)
Posted by: polynikes - Texan for Romney at January 17, 2012 11:30 AM (eFnXz)
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)
Posted by: Entropy at January 17, 2012 11:30 AM (mf67L)
Posted by: JackStraw at January 17, 2012 11:31 AM (TMB3S)
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)
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)
Posted by: nevergiveup at January 17, 2012 11:32 AM (i6RpT)
Posted by: Vic at January 17, 2012 11:32 AM (YdQQY)
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)
Posted by: Waterhouse at January 17, 2012 11:33 AM (Br7O6)
Posted by: tasker at January 17, 2012 11:34 AM (r2PLg)
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)
Posted by: Greg at January 17, 2012 11:35 AM (2Y56z)
Posted by: polynikes - Texan for Romney at January 17, 2012 11:35 AM (eFnXz)
@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)
Posted by: nevergiveup at January 17, 2012 11:35 AM (i6RpT)
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)
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)
Posted by: ambrosia at January 17, 2012 11:38 AM (oZfic)
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)
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)
Posted by: joncelli, too stressed by half at January 17, 2012 11:39 AM (RD7QR)
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)
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)
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)
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)
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)
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)
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)
Posted by: Be real at January 17, 2012 11:43 AM (qZb8X)
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)
Posted by: SH at January 17, 2012 11:43 AM (gmeXX)
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)
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)
Posted by: joncelli, too stressed by half at January 17, 2012 11:45 AM (RD7QR)
Posted by: maddogg at January 17, 2012 11:45 AM (OlN4e)
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)
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)
Posted by: Dave at January 17, 2012 11:45 AM (Xm1aB)
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)
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)
Posted by: Teleprompter at January 17, 2012 11:48 AM (NbmYl)
Posted by: FUBAR at January 17, 2012 11:49 AM (mdhVr)
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)
Posted by: Soona at January 17, 2012 11:50 AM (rfxfJ)
Posted by: maddogg at January 17, 2012 11:50 AM (OlN4e)
Hahahahaha. Greg's a talking-point spouting machine, isn't she?
Posted by: Andy at January 17, 2012 11:50 AM (5Rurq)
Posted by: mike at January 17, 2012 11:51 AM (WNvlG)
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)
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)
Posted by: mike at January 17, 2012 11:52 AM (WNvlG)
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)
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)
"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)
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)
Posted by: Bob Saget at January 17, 2012 11:54 AM (SDkq3)
Posted by: t-bird at January 17, 2012 11:54 AM (FcR7P)
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)
Posted by: Juan Williams at January 17, 2012 11:56 AM (FcR7P)
Posted by: Galos Gann at January 17, 2012 11:58 AM (T3KlW)
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)
Posted by: tasker at January 17, 2012 11:59 AM (r2PLg)
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)
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)
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)
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)
Posted by: Lincolntf at January 17, 2012 12:00 PM (uIz80)
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)
Posted by: nevergiveup at January 17, 2012 12:01 PM (i6RpT)
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)
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)
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)
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)
Posted by: Teleprompter at January 17, 2012 12:05 PM (NbmYl)
Posted by: nevergiveup at January 17, 2012 12:05 PM (i6RpT)
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)
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)
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)
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)
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)
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)
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)
Posted by: Merovign, Dark Lord of the Sith at January 17, 2012 12:09 PM (bxiXv)
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)
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)
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)
Posted by: OCBill at January 17, 2012 12:10 PM (YJvVE)
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 NelsonPosted by: Turd Ferguson at January 17, 2012 12:10 PM (WUWb9)
Posted by: Schwalbe: The Me-262© at January 17, 2012 12:10 PM (UU0OF)
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)
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)
Posted by: Jean at January 17, 2012 12:12 PM (WkuV6)
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)
Posted by: CoolCzech at January 17, 2012 12:14 PM (niZvt)
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)
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)
Posted by: Vic at January 17, 2012 12:15 PM (YdQQY)
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)
Posted by: CoolCzech at January 17, 2012 12:16 PM (niZvt)
Posted by: Vic at January 17, 2012 12:16 PM (YdQQY)
Posted by: CoolCzech at January 17, 2012 12:16 PM (niZvt)
Posted by: Merovign, Dark Lord of the Sith at January 17, 2012 12:17 PM (bxiXv)
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)
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)
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)
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)
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)
Posted by: Teleprompter at January 17, 2012 12:23 PM (NbmYl)
"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)
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)
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)
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)
Posted by: Tjexcite at January 17, 2012 12:48 PM (sk1Ym)
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)
Posted by: Turd Ferguson at January 17, 2012 01:05 PM (WUWb9)
Posted by: Sara (Pal2Pal) at January 17, 2012 05:06 PM (0M2Nt)
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)
Posted by: Lemon Kitten at January 17, 2012 07:44 PM (i/wm2)
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Posted by: kathysaysso at January 17, 2012 10:17 AM (ZtwUX)