The average American family makes $50,000.00 a year.
Romney paid 13.9% in taxes.
The average American's taxes are double Romney's.
This is the bottom line.
Romney's tax plan would cut his taxes by half.
Newt's tax plan would taxes for Romney all together.
Both would raise taxes on the average American.
I want to see Republicans run on this.
EXCUSE ME -the man paid 13.9% in CAPITAL GAINS tax on his investment. Do you have ANY clue what that REALLY means? Isn't it funny liberals had NO problem that Kerry who ran against Bush in 2004 MARRIED his money and didn't even earn it. And NO problem that the Heinz corporation outsources thousands of jobs out of the country. AND in addition liberals didn't even mind that Kerry and his wife only paid what they owed in taxes just like Romney did. Oh, that's DIFFERENT when it's a rich LIBERAL??? Different standards apply THEN? And for sure let's ignore the fact that Romney paid as much in charitable donations as he paid in taxes, something that Kerry didn't come close to doing. (Oh but sure, those liberals are just SOOOO caring and all, that's all that really matters, right?)
Romney did NOT inherit his money and unlike Kerry, he didn't marry it either. He WORKED FOR IT. The man is a walking American success story. So this means he first earned the money and it was taxed as income. THEN he risked his money by investing it. Turns out he uses sound judgment when risking his money in investments and over the course of many years was able to successfully invest his savings and was only able to pocket that money AFTER it had already been first taxed at the corporate level at around 35% rate -and then was taxed AGAIN at 13.9%. Which means the full amount of taxes on that money was actually closer to 50%. Government walks away with nearly half but didn't put up dime one for it. And won't be picking up any part of the tab if he lost it. That speaks volumes about how damn good the guy is at doing what he does and the SOUND ECONOMIC JUDGMENT he has. A hell of a lot better than Obama's who has never held a real job in his life -and it shows. Or as a liberal, do you actually prefer a FAILURE as President? LOL
What IS it you liberal MORONS do not get about investments? The investor takes ALL the risk, but if they are successful in their investments, government takes close to HALF the profit. But assumes zero risk if it's a bad investment!
Now believe it or not, we actually want people to INVEST in this country. Apparently liberals want people to invest -but LOSE their money or punish people if they make a successful investment! WTF are you thinking? What do you really think would happen if you hit up investors with a total tax closer to 75% like the left wants to see imposed when people make successful investments? Who the **** would risk their money if government is going to swoop in and confiscate the bulk of it as if it belongs to government first and not the person who actually risked his money? It is why the higher capital gains taxes, the fewer people willing to even risk their money at all -because it is a RISK, a GAMBLE. And government will not step in and cover their losses -the investor assumes all risk but liberals think government should take not just the lion's share it already takes when the full combined taxes on that money is ACCURATELY given, but believes government isn't confiscating enough yet because we ...........we want people to invest their money, but NOT be any good at it? How totally unAmerican can you get.
It is a GAMBLE to invest money. It is RISKY. People have been financially WIPED OUT and lost their life's savings. But we want people to do it ANYWAY. Lowering capital gains taxes has always provided a HUGE boost to the economy because it results in the INFLUX of money into the economy.
Romney's millions is ENTIRELY money he personally earned, worked for and risked. So how do you figure to positively influence people to invest if you want government to punish people for their success -but it sure as hell doesn't step in and assume ANY of the risk? And we don't want government to assume any of the risk either because it would be using taxpayer money to pay off the gambling debt someone else made and a total waste and bad use of taxpayer money. So the investor MUST assume the risk. But there is a direct inverse correlation between the percentage of people willing to take the risk and capital gains tax rates. FACT - high capital gains tax only increases the risk to the investor and works as a disincentive to investing at all. It becomes a POOR USE of their own money which will give them a greater and more stable return on their money doing something else with it instead. Like sitting on it. So whose money is it FIRST if someone makes a good investment and doesn't lose all their money after all? Government's or the only one to have their money at risk and could have lost every cent??? STOP THE POLITICS OF ENVY AND GREED encouraging people to despise success instead of seeking it themselves.
YOU CAN'T HAVE IT BOTH WAYS HERE where you want people to risk their money in investments -but punished if they make good investments. But that is exactly what liberals are REALLY demanding here - and just one more example proving that liberalism really is a mental illness.
The ONLY thing you should care about here is NOT what tax rate Romney paid. And NOT how much he made because that hasn't anything to do with YOU. He didn't earn it by taking it out of your pocket, did he? He earned it by RISKING his own money and instead of losing it all, he used good judgment and made a good investment! Which we WANT in this country! Seriously, are you NUTS?
The ONLY thing you should care about is -whether he played by the rules or not -rules he didn't write. Did he make his money honestly? Did he pay his full taxes? Did he pay what he owes? Did he cheat the system? Did he do something WRONG when he earned this money, when he paid his taxes. THAT IS ALL THAT COUNTS. Mitt Romney is CLEAN when it comes to his money and the notion he should somehow be ashamed of making wise investments and being successful in his choices of investments is LIBERAL STUPIDITY.
You want to live in a country where successful people are supposed to be punished and believe it is something they should be ashamed of -go live in Cuba where you too can enjoy an average income of $15 a month. I personally want MORE people to be successful -because the more wealthy people we have, the more I benefit even though I didn't earn it! The more wealthy people we have, the more upward pressure on incomes for the rest of us and the more the standard of living is raised for the rest of us. It is why OUR "poor" have a lifestyle that is middle class on the global scale! The fewer wealthy people we have, the more downward pressure there is on MY income and MY ability to succeed and the greater the downward pressure on my own standard of living as a result! Hatefilled liberals who are ignorant about how the real world even works absolutely DEPISE the successful and want them publicly humiliated and punished -even though they played entirely by the rules THEY didn't even write! It is why they try to breed RESENTMENT and ENVY even though it is not only useless, it ends up hurting those on the bottom the most when the wealthy are deemed to be the "enemy" as the left always insists they are.
The ONLY thing that matters here is whether Romney made his money honestly -and he paid what he OWED. The answer to both is a resounding YES. He owes NO ONE an apology for being good at picking his investments!!!!
If I hear that BULLSHIT about Buffet's secretary paying a lower tax rate than Buffet, I'll vomit. Buffet himself could have fixed that "problem". Just paid her in stock shares rather in cash -just like he pays himself. And of course let's just pretend his money really was taxed at 15% and ignore the fact it was first taxed on the corporate level.
You know the real difference between a liberal and a conservative? A conservative walks by a huge mansion with sprawling grounds obviously the home of a wealthy person -and they say "I want to live like that." A liberal sees that same mansion and says "no one should be allowed to live like that."[/B] I'd seriously rather lose a limb than be a liberal.
