Does Romney want to increase or decrease the net tax liability of the rich?

Discussion in 'Politics' started by OohPooPahDoo, Oct 12, 2012.

?

Does Romney Ryan want to raise or lower net tax liabiliyt of the rich?

  1. Raise

    0 vote(s)
    0.0%
  2. Lower

    57.1%
  3. Keep the same

    42.9%
  1. OohPooPahDoo
    Offline

    OohPooPahDoo Gold Member

    Joined:
    May 11, 2011
    Messages:
    15,342
    Thanks Received:
    976
    Trophy Points:
    175
    Location:
    N'Awlins Mid-City
    Ratings:
    +1,320
    Romney/Ryan says that by increasing the tax liability of the wealthy through removal of "loopholes", they can redistribute the savings down to the middle class and decrease their tax liability.

    Romney/Ryan also says they will not raise the tax liability of the wealthy.

    Which is it?

    YOU decide!
     
  2. Erand7899
    Offline

    Erand7899 VIP Member

    Joined:
    Feb 24, 2012
    Messages:
    2,393
    Thanks Received:
    488
    Trophy Points:
    65
    Ratings:
    +576
    Not quite right. Romney says that he will reduce tax RATES for all people, and he will end loopholes at the high end to ensure that the high earners will still pay the same percentage of taxes.

    The middle class will benefit by reduced tax rates, and those tax cuts will be offset by economic growth, which will benefit everyone.
     
  3. OohPooPahDoo
    Offline

    OohPooPahDoo Gold Member

    Joined:
    May 11, 2011
    Messages:
    15,342
    Thanks Received:
    976
    Trophy Points:
    175
    Location:
    N'Awlins Mid-City
    Ratings:
    +1,320
    So the rich will pay the same - and the middle class will pay less? But Romney said that the tax cuts would be balanced exactly by the elimination of deductions and credits - and Ryan said in the debate the cuts for the middle class will be financed by the elimination of loopholes for the rich - how does that add up?
     
  4. Old Rocks
    Offline

    Old Rocks Diamond Member

    Joined:
    Oct 31, 2008
    Messages:
    46,474
    Thanks Received:
    5,416
    Trophy Points:
    1,840
    Location:
    Portland, Ore.
    Ratings:
    +10,318
    It simply does not. What is going to happen is if Romney becomes President, the very wealthy will get a huge tax reduction, and we in the middle class will see our mortgage interest deduction go away. And the value of our homes will take another nosedive. We will also see the college tuition deduction go away. As well as much of the unemployment benefits. And a lowering of the minimum wage.
     
  5. Old Rocks
    Offline

    Old Rocks Diamond Member

    Joined:
    Oct 31, 2008
    Messages:
    46,474
    Thanks Received:
    5,416
    Trophy Points:
    1,840
    Location:
    Portland, Ore.
    Ratings:
    +10,318
    And the next day, Romney will walk on water.
     
  6. BreezeWood
    Offline

    BreezeWood VIP Member Supporting Member

    Joined:
    Oct 26, 2011
    Messages:
    4,681
    Thanks Received:
    293
    Trophy Points:
    85
    Ratings:
    +475
    Romney's untenable tax pan has only one objective - win votes.
     

Share This Page