Romney & Warren Buffett Pay No Taxes(?)! Buffett's Secretary Pays How Much(?)!

Discussion in 'Politics' started by mascale, Aug 17, 2012.

  1. mascale
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    mascale VIP Member

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    So recently, Romney pays never less than 13% in taxes--probably not including any payroll tax. Warren Buffet May or May not pay any payroll taxes. 50% of filers have zero federal income tax liability.

    That seems to leave. . . .Everyone has heard of Warren Buffett's Secretary(?)!

    Actually, thinking it through: I myself could probably take a job like(?). . .If there is another one like it, around! So far, Romney-Ryan seem to be suggesting that Buffett's Secretary is really the only job that the U. S. federal government really needs to tax(?). Certainly rich people: Do Not Need to be taxed.

    These people, below, repeat their article a lot, and it's almost September, again!

    Romney's Tax Returns and Effective Tax Rates of the Rich | Tax Foundation

    Neither campaign is discussing much about the disaster it seems to show, without stating that a revenue disaster is what the U. S. Federal Income Tax code is all about.

    Moody's saw nothing being able to be changed, even only one year ago.

    So out with the old Congress, and back in with a Democratic Congress seems to be the only main road to sanity. Romney-Ryan so far seem to be leaving the federal legislature races bereft, and exposed--at RNC! Ryan's selection has not ended the GOP silly talk.

    "Crow, James Crow: Shaken, Not Stirred!"
    (A successful Tea Partier challenger used caricatures of recent President. George Bush, to make his point. Apparently, signs say Bush Not Missed At All, Even In Florida, Even In GOP! Romney-Ryan want to go back to that, however(?)!)
     
  2. Oddball
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    Oddball BANNED Supporting Member

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  3. beretta304
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    beretta304 BANNED

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    "So out with the old Congress, and back in with a Democratic Congress."

    That will certainly help. NOT!
     
  4. beretta304
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    beretta304 BANNED

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    It is a bit incoherent.
     
  5. Ariux
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    Ariux BANNED

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    That 13% includes payroll taxes. Romney isn't an employee, so he pays the whole 15.3% payroll tax on his tax returns for his earnings. (This is reflected in his 2010 tax return, which I have a copy of. FYI, Romney's true tax rate is closer to 10%.)

    However all of those filers pay 15.3% payroll taxes on all their earned income. Meaning that many of them pay a higher tax rate than Romney, in spite of being poor. (The poor with children get welfare through the tax code, which roughly covers their payroll taxes.)
     
  6. jwoodie
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    jwoodie Gold Member Supporting Member

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    Buffet is a lying POS trying to curry favor from the POTUS. He deliberately misrepresents the nature of his income (capital gains) in order to promote an increase in earned income taxes on others.
     
  7. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Seriously, get a life.
     
  8. Sactowndog
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    Sactowndog Active Member

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    So tell me why return on capital is somehow more pure income than return on labor? And when you talk about jobs please explain how that has value if many of those jobs are overseas?

    If you want to reward job creation then eliminate corporate income taxes. That would reward the Japanese investor who is investing in US companies also. Buffett who is significantly smarter than you are is correct to equate return on labor and return on capital.
     
  9. Ariux
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    Ariux BANNED

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    Jwoodie, when you were born, if your family hoped for you to ever be something other than a Useful Idiot, you've disappointed them. I mean, you have shit for brains. BUFFET DOES NOT MISREPRESENT HIS INCOME, FUCKTARD. He has been very open that low capital gains rates allows him to pay a very low tax rate because his income is mostly investments. Buffet has not pushed for higher taxes on earned income of others.
     
  10. Too Tall
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    Too Tall Senior Member

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    You do not know what you are talking about.

     
    Last edited: Aug 18, 2012

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