Romney Paid 13.9% Tax Rate on $21.6 Million in Income.
![[Post New]](/jforum/templates/default/images/icon_minipost_new.gif){kind=icon}
jsteele
Site Admin Online
Site Admin Online
|
The "Buffet Rule" is the idea that billionaires should not pay a lower tax rate than their secretaries. The "Romney Rule" apparently is that billionaires who pay a tax rate of 13.9% on $21.6 million in income should maintain Swiss and Cayman Island bank accounts and run for president on a platform that would lower taxes on people like himself while raising them on lower income earners.
Remember earlier discussions on DCUM when several posters assured us that the Buffet Rule was unnecessary because the wealthy actually do pay their fair share? Mitt Romney is a walking contradiction to that suggestion. An added bonus of Romney's tax release is that we have learned that this year he closed his Swiss and Cayman Island accounts because he is "running for President for Pete's sake". |
Anonymous
|
It's revolting, but not surprising. What is surprising is that Romney would let his opponents push him into releasing this info in the primary or that they would even ask. Newt has gone full circle away from Ronald Reagan's "thou shalt" and has put his own ambitions and ego above all.
I'm not a Republican, but I've really admired how much they have accomplished as a party since Reagan - most of which was gained as a result of being so unified (e.g., Romney's 13.9% tax rate, for starters) - and am in confused/hopeful that they appear to be throwing this critical advantage away. Can't quite think what to make of it. |
Anonymous
Romney had six years to figure out how he would present his financials to the world. He had no plan, and some one was made for him. Then again, it appears that his 2011 taxes look a lot better than 2010 and maybe he was scared to show 2010 alone, or worse yet to show 2009. |
Anonymous
http://www.nytimes.com/2011/08/20/business/questioning-the-dogma-of-lower-taxes-on-capital-gains.html?pagewanted=all Favorable low capital gains on primary residence only plus 1 second home would make sense to me. Add to that a higher cap. |
Anonymous
| Who cares, really? |
jsteele
Site Admin Online
Site Admin Online
I think you are going to find out that a lot of people care. Romney just became the poster child for tax unfairness. |
Anonymous
| Liberal hate of successful people. The food stamp president. |
Anonymous
What a stupid statement! In fact, Democratics tend to win the rich vote. The criticism of Rommey is not that he is successful, but that he is paying taxes at a lower rate that those who do real work. Remember, Reagan eliminates the capital gains tax, and many Republicans support a flat tax of 1-2 marginal rates (all above what Rommey paid). |
Anonymous
| Obama has had 4 years to fix the tax issue and..... |
Anonymous
Democrats don't win the rich vote. What the fuck are you talking about. |
Anonymous
He may have made more money, but he inherited quite a bit of it. It is easy to make millions into more millions. I woinder how successful he would have been if he did not have the benefits of coming from a rich family. |
Anonymous
| His people are saying that he is not getting any tax benefit from his investments in all of his off shore accounts in tax havens like Luxenburg and the Caymans, but then why is he investing in those places? He must be getting some benefit. I was surprised to see that he gave more money to his church than he paid in taxes. I've never met someone who was able to donate more than they pay in taxes. |
jsteele
Site Admin Online
Site Admin Online
Review the differences between a democracy and a dictatorship and then get back to me for further discussion of this issue. Actually, when you do get back to me, you can answer this question as well: If Obama proposes legislation implementing the Buffet Rule, will you support the bill? |
Anonymous
| This is what conservatives do. They use the government to pick winners and losers. What ever happen to the free market? |
Anonymous
| What % of his income went to ss? |