Posted on 09/16/2012 8:03:43 PM PDT by Brown Deer
You work hard, stretch every penny, but chances are you pay a higher tax rate than him: Mitt Romney made $20 million dollars in 2010, but paid only 14% in taxesprobably less than you.
Now he has a plan that will give millionaires another tax break and raises taxes on middle class families by up to $2000 dollars a year. Mitt Romney's middle class tax increase: he pays less, you pay more.
Table 1
Summary of Federal Income Tax Data, 2009
|
Number of Returns with Positive AGI |
AGI ($ millions) |
Income Taxes Paid ($ millions) |
Group's Share of Total AGI |
Group's Share of Income Taxes |
Income Split Point |
Average Tax Rate |
All Taxpayers |
137,982,203 |
$7,825,389 |
$865,863 |
100.0% |
100.0% |
- |
11.06% |
Top 1% |
1,379,822 |
$1,324,572 |
$318,043 |
16.9% |
36.7% |
$343,927.00 |
24.01% |
1-5% |
5,519,288 |
$1,157,918 |
$189,864 |
14.8% |
22.0% |
|
16.40% |
Top 5% |
6,899,110 |
$2,482,490 |
$507,907 |
31.7% |
58.7% |
$154,643.00 |
20.46% |
5-10% |
6,899,110 |
$897,241 |
$102,249 |
11.5% |
11.8% |
|
11.40% |
Top 10% |
13,798,220 |
$3,379,731 |
$610,156 |
43.2% |
70.5% |
$112,124.00 |
18.05% |
10-25% |
20,697,331 |
$1,770,140 |
$145,747 |
22.6% |
17.0% |
|
8.23% |
Top 25% |
34,495,551 |
$5,149,871 |
$755,903 |
65.8% |
87.3% |
$ 66,193.00 |
14.68% |
25-50% |
34,495,551 |
$1,620,303 |
$90,449 |
20.7% |
11.0% |
|
5.58% |
Top 50% |
68,991,102 |
$6,770,174 |
$846,352 |
86.5% |
97.7% |
> $32,396 |
12.50% |
Bottom 50% |
68,991,102 |
$1,055,215 |
$19,511 |
13.5% |
2.3% |
< $32,396 |
1.85% |
Source: Internal Revenue Service
Romney as the “evil rich white man” is appearing on some leftist/MSM magazine covers I’ve seen.
It looks like Barry is starting to go after the American voters. He sure as hell isn't talking to his base, The Entitled.
I just saw an Obozo ad where he said he wants to know why Romney hasn’t released his tax returns. Jesus, Mitt!! WAKE THE F$%K UP! Tell that clown: “I’ll be happy to release my tax returns when you remove the sequester on all of your past records. Until then, STFU.”
BTW, that 14% is still $2.8 million. I’d say he paying his fair share.-
REMEMBER KIDDIES!!
You are supposed to be more worried about what ROMNEY does with his own money, than by what OBAMA is doing with YOURS!!
In addition to donating more to charity than the last ten Democrats, Governor Romney paid nearly 3 million dollars in income tax for the year. Seems to me that’s more than enough of a person’s money to take away from him. Does anyone believe Romney received more than 3 million dollars in useful services from Obama’s wonderful federal administration last year? (It boils down to a case of grand theft in real terms. ). Instead of raising Romney’s taxes any furtherzn why not lower our taxes if you really want to “make them fairer?’
The entire campaign against Romney seems to be, he’s rich, and he’s not Obama.
“Mitt Romney’s middle class tax increase”
THIS IS THE BIGGEST LIE OF 2012.
Tried to make this comment on youtube:
“Mitt Romney’s middle class tax increase” This is the biggest boldest fattest lie of 2012. The one who has raised taxes on the middle class is Barack Obama, with his massive $1 trillion tax increase in Obamacare.”
“Pending approval” lol. what are the odds that barackobama campaign will allow that ???
Let me get this straight. Romney evidently paid ~$2,800,000 in federal income taxes last year. That’s significantly more than the overwhelming majority of people paid last year. We are now supposed to believe that he is a deadbeat?
History has shown, the more anyone pays, the more the politicians spend. We don’t have a revenue problem, we have a spending problem!
Further more the other half of the add is just as dishonest...
of the many lies and misdirections in this campaign, the biggest one is the claim about Romney raising middle class taxes. ACA aka Obamacare has $1 trillion in tax increase in 10 years, and includes the tax on middle class individuals. Romney plan is to repeal those tax increases and has zero tax increases, he wants to extend the current tax rates aka ‘tax cuts’ for the middle class, and implement tax reform by lowering rates and paying those down with loophole closures, which has the added benefit of reducing special interest influence and tax code inefficiency.
The lie by Obama campaign is concocted from a ‘study’ written boy a former Obama staffer that claims counterfactually that even though Ryan budget spends $5 trillion less over 10 years than Obama, that more revenues would be needed by Romney/Ryan. Nowhere does the Romney plan actually line up with those specious claims and there is nothing in Romney’s actual plan to do what the bogus study claims would be done.
Claims that Romney/Ryan wouldnt lower the large amount of increased spending vs what Obama is doing is specious, as Obama is spending at a level that represents the highest spending/GDP ratio since WWII, and multiple Republican budgets have been proposed - including Ryan - that spend literally trillions less than the Obama budget over the next 10 years.
There are many differences between Romney/Ryan and Obama, and wrt the budget the differences are in the ballpark of $5 trillion - Obama wants to spend $5 trillion more over 10 years. ... which begs the question: Whose taxes will HE raise to pay for it? the top 1% or even top 10% cant ever come close to covering that bill.
So you make over $150,000/year, don’t give any money to charity, and don’t put away any money into tax deferred retirement accounts? Really?
What a waste. It’s hard for me to believe that anyone would pay you that kind of money, when you can’t even manage it wisely.
Wow, judgmental much? And for the record, no, I don’t make that much, I do give to charity, and I do have a 401(k), not that any of that is your damned business. Have a nice day, smartass.
Top 50% paid 12.5%. Interesting. I wonder the exact percentage Romney would have paid if he had taken the full allowable deduction for his charitable giving, and if he overpaid by that amount so that this claim would be false—but Obama’s team still made it anyway.
So then you lied about paying 22%, smartass!
Actually, no, I didn’t. But then again, unless you’re my accountant, how the hell would you know? Again, you’re talking out your ass, which for you seems to be pretty much where all your talking comes from. So please, unless and until you know of which you speak and have proof of same, you’re sounding like a certain Senator from Nevada, and sounding twice as ignorant.
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