Roy Baty : I hope Romney Wins!
Admin Mod: Wake up! Time to get zotted!"
Posted on 01/25/2012 4:32:31 AM PST by Jim Robinson
Republican Presidential candidate Mitt Romney would save $3.4 million a year — roughly 85 times the total pre-tax income of the average American citizen — if the tax plan he advocates were enacted in the year that he is seeking to be President. In fact, Romney’s policies would not only shrink what he pays to the government, they would also boost his income, and roughly double the amount of money that he can pass along to his children when he dies.
~~snip~~
But what Romney’s tax release did underscore is the fact that these days many wealthy American’s pay a surprisingly low percentage of their income in taxes. What’s more, all of the tax proposals put forth by the Republican candidates, Romney included, would significantly lower what Romney and other wealthy Americans can expect to pay in taxes come 2013. And as a result, all of the plans are likely to significantly add to the national debt as well.
Ironically, it’s Gingrich’s plan that would lower Romney’s personal tax bill the most. “If Romney was really greedy, he would drop out of the race and endorse Newt,” says Bob McIntyre, director of the liberal group Citizens For Tax Justice. Under Gingrich’s proposal, Romney would pay almost no federal income taxes, saving him nearly $6.4 million a year in 2013. Romney would also save money under the tax plan of Rick Santorum, who is also running for the Republican nomination, than under his own plan.
Perhaps unsurprisingly, the tax plan that would be least friendly to Romney’s wallet would be Obama’s. Under the tax plan the President proposed last year, Romney would pay nearly $4 million more in taxes in 2013 than he did in 2010.
(Excerpt) Read more at business.time.com ...
Roy Baty : I hope Romney Wins!
Admin Mod: Wake up! Time to get zotted!"
I think sometimes the boss is so fast on the draw, we get little time to play with them, like a mouse on a string.
Roy Baty is batty! Roy Baty is batty! I mean, come on, sometimes these things just write themselves...
Now for the fun...
NO TAXATION WITHOUT REPRESENTATION!!!
Tell you what.
Lets line all of Newt’s wifes up head to foot and measure how long they are together.
Then lets line up everyone who was aborted with in Massachusetts taxpayers’ money under Romney’s HealthControl, and see which line is longer.
Ah the perils of cut and paste edits before the first cup of coffee . . . Should read:
Lets line all of Newt’s wifes up head to foot and measure how long they are together.
Then lets line up everyone who was aborted with Massachusetts taxpayers’ money under Romney’s HealthControl, and see which line is longer.
Our founding fathers had tax rates of about 3%. Compare that to what it is today, around 55% is taken by federal, State and local taxes. 55%. Half. Just how is that fair? It isn’t. Nowhere in our Constitution does it say “Take half from one group and give it to another”.
That would be awesome!
Oh wow, “Missile Command”! I loved that game!
“Of course if Newt gets his way and drastically cuts the income tax, then the federal government can’t possibly live on the reduced tax revenues and that has the establishment in a panic.”
Actually, if Newt gets to implement his plan, the economy would likely rebound enough that federal tax revenues went UP. A LOT.
Nowhere in our Constitution does it say “Take half from one group and give it to another”.
My basic statement stated that ALL AMERICANS pay the SAME tax rate as anyone else...no exceptions. However, under the income tax laws over 40% don’t pay any tax at all!!!!! Take a wild guess who pays their tax burden?
Since any type of individual income tax is reported by the individual, complete with a whole host of exceptions, they can cheat...which in turn, causes the honest payers to pay more. With a sales tax that has no exceptions other than businesses buying physical materials and inventory to either sell directly or indirectly through manufacturing or direct sales in which the tax will be paid upon the sale, everyone from whores, crackheads, illegals, welfare cheats,and a whole host of those not currently paying DON’T REPORT THEIR INCOME TO THE GOVERNMENT, they actually pay the tax upon the purchase of all goods, entertainment and services they buy.
The value of the sales tax is if you wish to save money you can without taxation by the government. When you spend it, you are taxed.
How much more fair can that be?
I thought Bozo the Clown Died years ago.
Both moderates?
Yuze Bat Shiite Crazy...
And when Romney ran Bain Capital, they had even more than that.
As for Newt making $1.6 million of them.
I could have advised them the same way Newt did for a few dollars less. And they would have ignored my advice as well as Newt's.
Wow. These class warriors are either ignorant or flat out liars. I suspect a little of both. Anyone discussing the issue that doesn’t understand that investment $ is very likely already taxed....
Shades of Buddhist monks. I guess he is joining Glenn and Ann.
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