Ryan Tax Plan would have lowered Romney's 2010 taxes to 1%

[OohPooPahDoo]

The Ryan plan would not eliminate capital gains taxes, or eliminate any taxes at all. Tax rates would be cut across the board.

Incorrect:

H.R.4529: Roadmap for America's Future Act of 2010 - U.S. Congress - OpenCongress

This is comprehensive legislation containing a wide range of Republican policy priorities. It would reform the heath care system by offering tax credits for individuals buying insurance, allowing insurers to sell across state lines, creating state-based exchanges, eliminating the State Children's Health Insurance Program (S-CHIP) and turning Medicare into a voucher program for purchasing private insurance. It would also essentially privatize Social Security.

Additionally, the bill would eliminate corporate income taxes, eliminate all taxes on capital gains, do away with the Alternative Minimum Tax altogether, and create a new income tax rate with only two brackets. Individuals earning above $50,000 annually would pay 250% more in taxes than those making less than $50,000. All unspent stimulus money from the passage of H.R.1 would be rescinded, and it includes a spending freeze similar to what President Obama has proposed.

So, in other words, Ryan's plan would eliminate taxes altogether for the richest among us, people like Mitt Romney, who make their money primarily from capital gains.

And, to pay for it, he'd stop paying for health care for children.

To be fair - it wouldn't eliminate tax on the earned income of the wealthy, only their passive income. Ryan clearly values passive investment activity to actual hard work.

 

[miami_thomas]

well then let's just turn that around and see just how fair you think it is. Let's eliminate taxes on wages, it's their money not yours, and only tax capital gains, dividends, interest and inheritance. Still sound good????

Better yet let's just eliminate all taxes except sales tax.

The wealthy should not have to pay sales tax.

Nope I'm ok with them paying sales tax. In fact I say let's eliminate all federal, state, and county tax. Let’s make it so there is only local tax. If the county needs money they can get it from the city. If the state needs money, they can get it from the county. If the federal government needs money it can get it from the state.

 

[Vast LWC]

Dividends are not income in fact it is a second tax on what was already taxed to begin with. The income in the corporations is taxed then they turn around and tax those profits when given to the owners.

Perhaps you missed the fact that Ryan wants to eliminate BOTH the corporate tax AND capital gains taxes...

See my prior post.

 

[Full-Auto]

The Ryan plan would not eliminate capital gains taxes, or eliminate any taxes at all. Tax rates would be cut across the board.

Incorrect:

H.R.4529: Roadmap for America's Future Act of 2010 - U.S. Congress - OpenCongress

This is comprehensive legislation containing a wide range of Republican policy priorities. It would reform the heath care system by offering tax credits for individuals buying insurance, allowing insurers to sell across state lines, creating state-based exchanges, eliminating the State Children's Health Insurance Program (S-CHIP) and turning Medicare into a voucher program for purchasing private insurance. It would also essentially privatize Social Security.

Additionally, the bill would eliminate corporate income taxes, eliminate all taxes on capital gains, do away with the Alternative Minimum Tax altogether, and create a new income tax rate with only two brackets. Individuals earning above $50,000 annually would pay 250% more in taxes than those making less than $50,000. All unspent stimulus money from the passage of H.R.1 would be rescinded, and it includes a spending freeze similar to what President Obama has proposed.

So, in other words, Ryan's plan would eliminate taxes altogether for the richest among us, people like Mitt Romney, who make their money primarily from capital gains.

And, to pay for it, he'd stop paying for health care for children.

You might explain to us how a family making 80k a year needs that assistance.........

 

[edthecynic]

Your wealth envy is showing.


LOL

Yes, obviously, feeling that billionaires should in fact pay some income tax on their income is "wealth envy".

Dividends are not income in fact it is a second tax on what was already taxed to begin with. The income in the corporations is taxed then they turn around and tax those profits when given to the owners.

Oh BULLSHIT! By that moronic "logic" every dollar is multiple taxed. With the exception of when the dollar is first printed, it is taxed every time it changes hands so wages are taxed an infinite number of times.

 

[OohPooPahDoo]

Better yet let's just eliminate all taxes except sales tax.

The wealthy should not have to pay sales tax.

Nope I'm ok with them paying sales tax. In fact I say let's eliminate all federal, state, and county tax. Let’s make it so there is only local tax. If the county needs money they can get it from the city. If the state needs money, they can get it from the county. If the federal government needs money it can get it from the state.

Ahh! So your plan is to have the poor and middle class pay a great share of their income in taxation than the rich.

 

[Full-Auto]

Yes, obviously, feeling that billionaires should in fact pay some income tax on their income is "wealth envy".

Dividends are not income in fact it is a second tax on what was already taxed to begin with. The income in the corporations is taxed then they turn around and tax those profits when given to the owners.

Oh BULLSHIT! By that moronic "logic" every dollar is multiple taxed. With the exception of when the dollar is first printed, it is taxed every time it changes hands so wages are taxed an infinite number of times.

As a stock holder you are part owner.

IDIOT............

 

[miami_thomas]

The Ryan plan would not eliminate capital gains taxes, or eliminate any taxes at all. Tax rates would be cut across the board.

Incorrect:

H.R.4529: Roadmap for America's Future Act of 2010 - U.S. Congress - OpenCongress

This is comprehensive legislation containing a wide range of Republican policy priorities. It would reform the heath care system by offering tax credits for individuals buying insurance, allowing insurers to sell across state lines, creating state-based exchanges, eliminating the State Children's Health Insurance Program (S-CHIP) and turning Medicare into a voucher program for purchasing private insurance. It would also essentially privatize Social Security.

Additionally, the bill would eliminate corporate income taxes, eliminate all taxes on capital gains, do away with the Alternative Minimum Tax altogether, and create a new income tax rate with only two brackets. Individuals earning above $50,000 annually would pay 250% more in taxes than those making less than $50,000. All unspent stimulus money from the passage of H.R.1 would be rescinded, and it includes a spending freeze similar to what President Obama has proposed.

So, in other words, Ryan's plan would eliminate taxes altogether for the richest among us, people like Mitt Romney, who make their money primarily from capital gains.

And, to pay for it, he'd stop paying for health care for children.

Not just stop paying for their health care but also throw them into the pits of a volcano to appease the gods. They won’t stop there they will go to each seniors house and take all their things since they didn’t pay for it. Then we will just line them all up.

 

[Vast LWC]

To be fair - it wouldn't eliminate tax on the earned income of the wealthy, only their passive income. Ryan clearly values passive investment activity to actual hard work.

After all, why should all those millions of lazy workers get off easy?

Obviously, the people who sit back and make money off of their labor should be given preferred tax status.

 

[OohPooPahDoo]

Dividends are not income in fact it is a second tax on what was already taxed to begin with. The income in the corporations is taxed then they turn around and tax those profits when given to the owners.

Oh BULLSHIT! By that moronic "logic" every dollar is multiple taxed. With the exception of when the dollar is first printed, it is taxed every time it changes hands so wages are taxed an infinite number of times.

As a stock holder you are part owner.

IDIOT............

I don't think that's in dispute.

 

[Full-Auto]

Oh BULLSHIT! By that moronic "logic" every dollar is multiple taxed. With the exception of when the dollar is first printed, it is taxed every time it changes hands so wages are taxed an infinite number of times.

As a stock holder you are part owner.

IDIOT............

I don't think that's in dispute.

It shouldnt be...But I am not the one arguing to increase theft

 

[edthecynic]

Sounds good. It is their money not your money.

well then let's just turn that around and see just how fair you think it is. Let's eliminate taxes on wages, it's their money not yours, and only tax capital gains, dividends, interest and inheritance. Still sound good????

Better yet let's just eliminate all taxes except sales tax.

gee what a surprise, NOT!
When the shoe is on the other foot suddenly it doesn't sound so good!

 

[miami_thomas]

Dividends are not income in fact it is a second tax on what was already taxed to begin with. The income in the corporations is taxed then they turn around and tax those profits when given to the owners.

Perhaps you missed the fact that Ryan wants to eliminate BOTH the corporate tax AND capital gains taxes...

See my prior post.

That is fine like I said let's go to sales tax. The rich will buy more so they will pay more tax.

 

[OohPooPahDoo]

Dividends are not income in fact it is a second tax on what was already taxed to begin with. The income in the corporations is taxed then they turn around and tax those profits when given to the owners.

Perhaps you missed the fact that Ryan wants to eliminate BOTH the corporate tax AND capital gains taxes...

See my prior post.

That is fine like I said let's go to sales tax. The rich will buy more so they will pay more tax.

The rich will spend a smaller portion of their income on consumer goods and will have a lower effective rate of taxation than the poor.

 

[Vast LWC]

Not just stop paying for their health care but also throw them into the pits of a volcano to appease the gods. They won’t stop there they will go to each seniors house and take all their things since they didn’t pay for it. Then we will just line them all up.

I'm just literally stating what Ryan has proposed, on paper, in his bill.

His plan calls for stopping the S-CHIP program, and has no program to put in place to replace it.

This will stop funding health care for children all across the nation.

I don't have any information about anything you're stating here.

Are these things that Ryan has also proposed?

 

[DiamondDave]

And here we have people arguing over subjective inclusions and exclusions again... which is why we have this bullshit that we have now

 

[miami_thomas]

Yes, obviously, feeling that billionaires should in fact pay some income tax on their income is "wealth envy".

Dividends are not income in fact it is a second tax on what was already taxed to begin with. The income in the corporations is taxed then they turn around and tax those profits when given to the owners.

Oh BULLSHIT! By that moronic "logic" every dollar is multiple taxed. With the exception of when the dollar is first printed, it is taxed every time it changes hands so wages are taxed an infinite number of times.

Exactly, think about it first you get taxed on your income. Then you invest in a corporation. Then customers buy products from those corporations paying taxes. Then that corporation is taxed on it’s income. Then that corporation pays out dividends to you for the stock you bought. Then you pay taxes on those dividends. Then you sell those stocks then you have to pay taxes on those. Then you buy something and you have to pay taxes on that. Then you pay your cell phone bill and pay taxes on that and every other utility bill as well. Imagine how it never ends. Let’s change it to only allow sales tax and that is it.

 

[Vast LWC]

That is fine like I said let's go to sales tax. The rich will buy more so they will pay more tax.

Why exactly would a lower Cap Gains tax incite the rich to spend more money on consumer products?

Are you proposing a new tax on the sale of financial transactions?

 

[miami_thomas]

The wealthy should not have to pay sales tax.

Nope I'm ok with them paying sales tax. In fact I say let's eliminate all federal, state, and county tax. Let’s make it so there is only local tax. If the county needs money they can get it from the city. If the state needs money, they can get it from the county. If the federal government needs money it can get it from the state.

Ahh! So your plan is to have the poor and middle class pay a great share of their income in taxation than the rich.

If the poor and middle class buy more than the rich, then they are not poor or middle class.

 

[miami_thomas]

To be fair - it wouldn't eliminate tax on the earned income of the wealthy, only their passive income. Ryan clearly values passive investment activity to actual hard work.

After all, why should all those millions of lazy workers get off easy?

Obviously, the people who sit back and make money off of their labor should be given preferred tax status.

Why stop there let’s just go all the way and make the labor the owners. Let’s kick those evil rich people out of this country and give it to the people. We can let the government run it for the people. Mother America.