moi621 (imported) wrote: Sat Sep 22, 2012 6:41 pm
I :hearthrob logic.
Remember: Romney sez middle class is 200-250K/year.
Therefore, Romney will create better quality jobs then Obama's 30K-40K/year jobs.
You call this logic? YOU are a MOI-on...
In fact, this statement PROVES that YOU have a Heart-On for the rest of us...
This is BULLSHIT. It is so BROWN that you can SMELL it... In fact, here is a simple break down:
51% of Americans make $49,999.00
19% of Americans make $50,000 - $74,999
12% of Americans make $75,000 - $99,999
14% of Americans make $100,000- $199,999
3% of Americans make $200,000 or above
What is "Rich" is a pointless argument. Majority of Americans make less than $75,000.00 a year. The median income is $43,318.00.
In 2002 the latest year of available data, the top 5 percent of taxpayers paid more than one-half (53.8 percent) of all individual income taxes, but reported roughly one-third (30.6 percent) of income. -US Treasury Department
HOWEVER...
Warren Buffett, the third-richest man in the world, has criticized the US tax system for allowing him to pay a lower rate than his secretary and his cleaner.
Speaking at a $4,600-a-seat fundraiser in New York for Senator Hillary Clinton, Mr Buffett, who is worth an estimated $52 billion (£26 billion), said: “The 400 of us [here] pay a lower part of our income in taxes than our receptionists do, or our cleaning ladies, for that matter. If you’re in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.”
Mr Buffett said that he was taxed at 17.7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent. Mr Buffett told his audience, which included John Mack, the chairman of Morgan Stanley, and Alan Patricof, the founder of the US branch of Apax Partners, that US government policy had accentuated a disparity of wealth that hurt the economy by stifling opportunity and motivation. -Time Magazine
The fact is, the super wealthy do not pay their fair share of taxes.
Last year Mitt Romney paid a tax rate of roughly 14% (
http://abcnews.go.com/m/story?id=17292036) because his income was from dividends and capital gains.
ABC News
September 21, 2012
Romneys Paid $1.94 Million Federal Taxes for 2011
By TOM RAUM Associated Press
19 minutes ago
Mitt Romney, one of the wealthiest candidates ever to seek the presidency, paid nearly $2 million in federal taxes on $13.7 million in income that he and his wife reported last year, his U.S. returns showed Friday. That came to an effective tax rate of 14.1 percent, lower than millions of middle-income Americans but actually more than he had to pay.
Most of Romney's income was from investment returns. That is why his rate was lower than taxpayers whose income was mostly from wages, which can be taxed at higher rates.
In fact...
He paid more taxes than he needed to so his tax rate wouldn't look too low:
Mitt Romney's trustee said in a campaign press release that Romney artificially inflated his own effective tax rate so it would remain above 13 percent by deferring $1.75 million in charitable deductions. Romney had previously said that none of his last decade of tax returns dipped below that 13 percent threshold.
In an interview with ABC News in July, however, Romney dismissed the idea that he would ever pay more taxes than legally owed, saying if he did so he wouldn't be "qualified" to be president.
"I don't pay more than are legally due and frankly if I had paid more than are legally due I don't think I'd be qualified to become president," Romney said. "I'd think people would want me to follow the law and pay only what the tax code requires."
http://livewire.talkingpointsmemo.com/e ... rying-idea
statement from Romney trustee:
The Romneys’ generous charitable donations in 2011 would have significantly reduced their tax obligation for the year. The Romneys thus limited their deduction of charitable contributions to conform to the Governor's statement in August, based upon the January estimate of income, that he paid at least 13% in income taxes in each of the last 10 years.
http://www.mittromney.com/blogs/mitts-v ... -brad-malt
Mitt and The Republicans, this is for you!!!
Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole! Asshole!