Mitt Romney Pay’s less than 1% in Federal Taxes

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Joe Kawfi
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Yes, Death Panels are for real in Obamacare
Davids mom wrote:

(Obama cares)

More than 2,200 hospitals face penalties under ObamaCare rules
Yes, Death Panels are for real in Obamacare
As part of the Affordable Care Act (ACA-Obamacare), two boards are now in place to administer health benefits under the new plan. One is called the "Independent Payment Advisory Board" (IPAB). The other is the "United States Preventive Services Task Force" (also known as the Mandate Task Force). Together, their missions will result in rationing of care, longer waits for care and possible elimination of care. www.healthcare.gov/law/full/

Davids mom wrote:

(NOTE: I haven't mentioned the polls that shows that women, blacks, Hispanics and other minorities are supporting Obama. White men are supporting Romney.

Hear ye, Hear ye! Only white males will be voting for Romney. All others will be voting for Barrack Hussein Obama because we all vote in blocks according to race and gender.

Davids mom
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Kawfi's usual 'stuff'

I wrote;

Quote:

One broadcast stated the 0% blacks were supporting Romney. I know too many black Republicans who are supporting Romney to give that report any credibility. What role is the media TRYING TO PLAY. What happened to honest reporting? Do your own research - try to decipher the truth

Your usual credibility is showing! LOL

Larry Sussberg
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Death Panels

They already exist....

Insurance companies!

Insurance rates keep going up and health is being limited by service cuts in the policies.

When was the last time you checked your policy? It's not health care, it's become major hospitalization only.

kcchiefandy
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Well, DM...

...those 'previous 8 years' were preceded by a 'previous 8 years' of ignoring the increasing threat of Jihadist actions by an ignorant adulterer living off the hard work of 16 years of leadership that HANDED him a budgetary surplus. Given the short-term memory of most Americans, it's oh so easy to say Bush did this & that, because they are too ignorant to remember or research anything prior that didn't involve gov't handouts to them. The standard of living in the US is so high these sycophants would vote for a 2-legged armadillo if it means they get their handouts. Btw, exactly, in a percentage term, of your black Republicans are supporting Romney? And to that, why do YOU point them out as BLACK Republicans? Why can't they just be Republicans that you know? And, who are the 'SOME' accusing Republicans suppressing the Black vote, too?

DM, you are soooooo lost in 'color' you can't see anything other than black & white. Btw, you can forget 'honest reporting'; maybe only GRIT publishes anything unbiased and/or positive. Are they still around?

Davids mom
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KC

Read my reply to Kawfi.

kcchiefandy
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So you don't have an answer, DM?

I say again, so you don't have an answer? I read 100% of all voting women are voting for Obama, and all Hispanics, too. I can't cite the polls or articles, but I can say for certain that I may have read that...somewhere. I also read the Tom & Katie split was predetermined to focus the limelight away from Hollywood politics so their elite could secretly funnel illegal donations to the Obama campaign, couriered through small submarines via the Panama Canal to a drop site just off east DC in the Chesapeake Bay. Now, there's some FACTS for you!

Davids mom
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KC - LOL

I answered it - you don't like the answer. The erroneous percentage remark that I quoted - as did almost every news broadcast last night referred to BLACK voters. I responded in my response to Kawfi. You are so tied up in a false feeling that you need to make it clear that 'I didn't do anything wrong' complex, that it is difficult for you to discuss a rather innocuous percent statement - which DIDN'T MAKE SENSE - Now please share with us where you read that the polls that show that 100% of women are voting for anything!!! That would be a first!!

kcchiefandy
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DM, that was...

...'sarcasm', because you didn't give any specifics or sources in that particular response/statement(s).

S. Lindsey
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DM what has he not got passed???

So DM what did Obama want that he has not received.. What has NOT been passed and who blocked it?

Davids mom
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Lindsey

From an article a couple of weeks ago:

On Thursday, the Senate passed the 2012 farm bill, a sweeping overhaul of agricultural policy that would revamp crop insurance programs and trim spending on food stamps. It was a rare instance of a "jobs" bill claimed by both parties. At an earlier news conference, Sen. Debbie Stabenow (D-Mich.), chairwoman of the Agriculture Committee, declared, "This is a jobs bill," and Sen. Pat Roberts of Kansas, the top Republican on the panel, said, "This is a jobs bill if there ever was a jobs bill."
The problem is, there is little else this divided Congress can agree on that would help reduce the nation's stubbornly high unemployment rate.
Gone are any hopes for Depression-style jobs programs in this period of anxiety over the federal debt. Even extending unemployment benefits, which had been a routine recession-era move to put money in the hands of the jobless and spur the economy, has become a tough political task.

Both sides of the aisle have failed regarding acting on a Jobs Bill.

kcchiefandy
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DM, that's a nice quote...

...but coming from a agricultural area I'd say there is a TON more to the story than just 2 Senators saying 'it's a good bill'! If you dig it to it at all, you'll probably find LOTS of pork & riders that doomed this bill. Historically, the NUMBER ONE subsidy outlay in this nation is for the agricultural sector. Heck, it's how the Carter family got rich - NOT raising peanuts! Look into that bill (I will if I can find the time) and tell us what you find.

Davids mom
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KC

This bill passed! I' m sure there was enough pork for everyone!

kcchiefandy
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DM - I'll still try to check it out...

...and just did. Seems the Senate did pass it but now is stuck in the House, and they're considering a 1-yr extension of the current Act. Money is the crux of the issue, apparently and not surprisingly, with food stamps $$ a big part of it. Now I remember this issue; thanks!

AtHomeGym
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Hey Andy, you asked about Grit--

Yep, still around. Visit grit.com. I used to sell that when I was a kid.

AtHomeGym
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Hey Andy, you asked about Grit--

Yep, still around. Visit grit.com. I used to sell that when I was a kid.

kcchiefandy
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Wow, AHG...

...thanks for the link! Now, nothing says HEARTLAND or Midwest like 'Ventrac Unveils New 4500 Tractor at International Sales Meeting'!!

I'm getting a little misty thinking of my early days there, de-tasseling corn, cleaning cain & weeds out of soybean fields, bucking bales, cutting hogs...ah, those were the days!

AtHomeGym
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Andy & Ventrac

I'm surprised it didn't say "Mahindra", as that company from India seems to have made significant inroads on the USA Tractor scene!

S. Lindsey
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DM it's hard to cooperate

with someone who constantly jumps in front of Cameras and crowds to tell everyone that you are trying to kill Grandma.

If this President was less a divider and pitted one group against the other maybe the partisan atmosphere would not exist as strongly.

Remember it was this Administration that is picking winners and losers in the Corporate World DM GE and GM come to mind as a start.

If you look at the ties to Wall Street you find Obama and Obama sycophants running the show. His connections are hip deep in the banks and wall street yet he goes out and demonizes the very people that pay him just to fool people like you into thinking he is one of us.

I am more worried about Small Businesses trying to survive and I see nothing in the last 3 years that help them to do so. Their future is no better.

"President Barack Obama and congressional Democrats are promising a climactic clash with Wall Street, but there’s a complication in their battle plan: The Democratic Party is closer to corporate America — and to Wall Street in particular — than many Democrats would care to admit.

Former White House counsel Greg Craig has just signed on as an institutional Sherpa for Goldman Sachs, the iconic financial firm facing fraud charges from the Securities and Exchange Commission.

Former House Democratic leader Dick Gephardt lobbies for Goldman Sachs, Visa and the coal industry. Former Senate Democratic leader Tom Daschle — Obama’s first choice to head Health and Human Services — is an adviser for a lobbying firm that represents Charles Schwab, Comcast, Lockheed Martin, Verizon and a host of other corporate interests."

http://www.politico.com/news/stories/0410/36118.html

You see DM as long as you wear blinders you will never see what is really going on around you.

MYTMITE
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Ah, glitzy negative ads---oh yeah, like:

GRANDMA GOING OVER A CLIFF---
MITT KILLED MY WIFE --years and years after he no longer was involved and years and years after the wife no longer worked for the company. I imagine if they looked closer they could find a way to accuse Mitt for all the other cancer deaths in the US also.
And I could go on and on but I think we get the picture.

Davids mom
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Lindsey, Mytimite, and some others

If you can only reply by - but you guys did this answers, the problem of politicians using dirty politics to apply to our baser senses will continue. Believe me, I have mixed feelings about some of Obama's ads. - but hey, at least the Democrats are fighting back this time ! It's obvious I'm not the only American in the US who questions the Romney/Ryan plan for the middle class, women and minorities in our country. The attitudes of the Republican in some southern states is not usually challenged - and I along with some others appreciate the opportunity to do this publicly through this medium. It is interesting, and often telling the issues/examples in my posts that you don't address. Many are looking forward to the Republican convention, and having all our questions answered about how the Republican Party singlehandedly will save the country! Issues: Jobs, Economy (Housing market), Budget, Women's reproductive rights, Banking regulations. How the cutting of government and government jobs will affect the unemployment status? How the cutting of 'government' will affect educating our children to compete with those students in other parts of the planet who are presently outperforming our kids. We're looking forward to next week!

S. Lindsey
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DM

I have tried for some time to get you and others like you to open up your mind, be fair, as it where in looking at the World around you.

You simply cannot.

You think unless the Right comes and sits at YOUR table then WE are the ones that are unreasonable.

DM when has it ever been that compromise was defined as crossing the line and JOINING the opposing party?

Again one last time.. It is not the job of GOVERNMENT to do THINGS for us. The Government's only job is the follow the Constitution and restrict itself to the 18 Enumerated Powers in that Constitution.

Too many people want THINGS from the Government left and right.

We have become a Nation of dependents.

Davids mom
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Lindsey - another perspective
Quote:

You think unless the Right comes and sits at YOUR table then WE are the ones that are unreasonable.

I don't think those who express a thought different than mine 'unreasonable'. I do listen to the 'other' side - and express 'my' side. I have stated that no one expects minds to be changed - and I post just to join others in expressing a different opinion. You are the one who seems to have difficulty with this. I do not believe we have become a nation of dependents - we just don't want to see long soup lines or CEO's committing suicide. We've gone through this in the 30's - and with a little COOPERATION from both sides of the aisle, we can correct the mess we are in - but not overnight. It's too bad we both refer to 'sides' - and not leaders who are working for the American people.

MYTMITE
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DM, first of all I would like to go on record as saying I voted

Democrat for many years. I then started voting for the person instead so I try to keep an open mind. And I don't have mixed feelings about some of the ads--they are downright lies.

There are things about Romney's plans that I have questions about but I do know that I do not want my country to go where it is heading if we have four more years of what we now have. I know your answer to this will be that Obama could not accomplish anything because the republicans blocked him--but hey, did you see how fast he overruled those pesky republicans and anyone else who disagreed and passed the ruling allowing the young illegals the right to stay here, attend school, get driver's licenses etc? Of course it had nothing to do with the fact that it is election time or may take away jobs from legals since, as some of these young illegals have said on tv, they can now go after better jobs. President Obama has spent more time on late nite talk shows laughing and joking and singing "I'm so in love with you" that I now imagine him envisioning himself in front of a mirror as he croons this tune. I am so tired of turning to a channel and seeing either he or Mrs. Obama on some talk show. I don't want an entertainer for my president, I want a statesman who will do what is right for the four years he is in office--not push through things in an election year that he feels will get him the most votes. As for the cutting of government jobs, if there is the need, then it should be done, and I say this having grandchildren who hold goverment jobs. As has happened in the past the economy has the ability to right itself when all the excess is pared away. As for education, sad to say, we are being outperformed now when students in this country have all kinds of assistance for schooling. The problem is that our colleges actually are being saturated with many students who should not be there. But somewhere along the line it was decided to everyone had the right to a college education. Well, for the many years I worked in universities I saw so many students who should have attended technical schools but for some reason many felt this was degrading. Somewhere along the way, it became a right, not a privilege to attend college and it became the job of the government to provide the wherewithal for that. If people would only stop and think they would realize we became the great country we became because people provided for themselves. Because young men and women had to work and struggle for their educations they applied themselves and only serious, hardworking people ended up with degrees. For years, freshmen entering college have had to take remedial courses just to bring them up to where they should be to enter college. What a waste of money. As a parent, long time ago I decided that my children would work for what they wanted. Once they were old enough to have a job they worked after school. They bought their own cars, helped buy their own clothes and all the extras they wanted. When they became adults and went out into that big bad world they knew what it was all about, and they didn't feel anyone owed them anything. Today, as they are mothers and grandmothers, they still thank me for instilling that in them. Sad to say, we as a nation have taken this away from our people. College? Oh, the government will pay for it. Granny too old to live on her own? Oh, we can't take her into our home but the government will pay to keep her in a home. And on and on it goes and our way of handling it is for the government to keep doing more and more and the people doing less and less for themselves. If you have not worked for it, there is no reason to respect it or show pride for it--and this goes for much more than education. Until we start instilling that work ethic and pride in our people we will slowly but surely lose more than the educational race.

Gort
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PTC_0, pensions are taxed as

PTC_0, pensions are taxed as ordinary income and so is social security. Since the income tax is progressive by income level, small investors in the lower tax brackets would have the same tax burden as people whose income is treated as ordinary income. I’m pretty sure large investors won’t miss any meals either.

I’m not an expert in anything. I don’t claim to be anything more than a balding, hard, headed, working guy that lives on a cul-de-sac in Coweta County.

PTC Observer
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Gort- Taxes

Where do you thnk pensions invest your money. When they have a gain inside the pension investment, what tax do they (you) pay? Then when your pension is disbursed to you, you pay taxes again as ordinary income. So, you have part of it right Gort.

So, when you want to raise taxes several things happen.

1. It takes money from your pocket and puts it into someone else's pocket.
2. It limits your right to decide where you want your money to go, percentages don't matter in this because as you point out the percentages are adjusted based on income. So it applied to all income levels.
3. It takes capital out of the market for investment in what people actually want, not what the government thinks is "best".
4. It creates the the potential for abuse, after all if money is given to you and it is unlimited in its source (government via tax income), then the money is not spent wisely. That's why we have $600 government hammers and studies of African toads. The money is not spent wisely nor where most American want it spent if they had it in their pocket.
5. Spending tax revenues distorts the market by making choices that would not have been made otherwise, this can create "bubbles" like the housing debacle.

So, when you want to raise the capital gains tax because you think those rich guys should pay more, then you and others like you are simply limiting and restraining the economy. You are also shottimg yourself in the foot. That's the truth even if you are blind to it Gort.

Gort
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PTC_0, your argument is, the

PTC_0, your argument is, the tax rate on my ordinary income, should be higher than guys like Mitt Romney’s, income from capital gains, because it’s in my economic self interest. Sorry but I just don’t buy that ‘trickle down’ argument.

He puts his pants on in the morning the same way I do. If the tax system is good enough for people like me, it’s good enough for him and everyone like him.

I feel like I’ve already been shot in the foot, and not by myself.

PTC Observer
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Gort - did I say that

Gort? Show me please where I said that?

Did you get the book Gort? Are you at all interested? If not, a good mind is a terrible thing to waste pal.

S. Lindsey
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I admit you have more patience then I

Gort is set in his ideology. He is comforted by the "Fairness" doctrine. He "feels" like others shouldn't have more, get more or just plain ole make more then he...thus his lack of any understanding where investment capital is derived from and his wealth envy.
Explaining it to him just gives you more regurgitated sound bites.

geastin
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Has Gort ever EARNED an honest living?

All I hear from him (it?) is "entitlement" mentality. Gimmee, gimmee, gimmee. Successful people owe me.... Lots of hot air - and bad smells.

Gort
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Geastin, yes, I do work for a

Geastin, yes, I do work for a living. I write my own material too.

geastin
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Has Gort ever EARNED an honest living?

All I hear from him (it?) is "entitlement" mentality. Gimmee, gimmee, gimmee. Successful people owe me.... Lots of hot air - and bad smells.

Gort
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SLindsey, set in his

SLindsey, set in his ideology? Me? Do you ever read what you write?

S. Lindsey
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Oh yeah I do..

...and I can use supporting statements to back it up...

I don't just use talking points without facts then shimmy off.

Care to actually debate anything Gort...anything?

Gort
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SLindsey, If you post

SLindsey, If you post something I want to comment on, I’ll do so. If I post something you want to comment on, go for it. What I’m not willing to do is dissect, or match, your right wing propaganda links line for line.

S. Lindsey
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So in other words

you would rather just pop in disagree tell everyone we are wrong then pop out never defending that position.

OK I understand.. If I couldn't defend my statements that is exactly what I would do too.

Gort
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SLindsey, me, debate you?

SLindsey, me, debate you? Not you! You’re “The Citizen” Forum, all time champion MasterDebater.

I learned my lesson on the “Laffer Curve” and “Constitutional question about the mandate in the Affordable Care Act!” It’s part of our forum folklore how you fried the mighty “Bacon” at a coffee house ‘meet and greet.’

I don’t claim to be anything more than a hard headed working guy that lives on a cul-de-sac in Coweta County. Now what chance would I have debating against a “TEA-RANT-A-SORE-ASS Rex” like you?

I’ll see you in the funny papers.

S. Lindsey
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Again gort not surprised

Progressive Socialist never really want to expose their ideology to debate. Once they do the weakness of their arguments is clear for all to see.

Another fact is it never fails when you break the argument of a Progressive Socialist they inevitably go to the insults or ad hominem attack.

You just did both..

Gort
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PTC_0, my argument is,

PTC_0, my argument is, capital gains should be taxed at the same rate as ordinary income? Anything less is letting the government pick winners and losers. What do you say?

I do own a table that has a wobble to it. Maybe that book will come in handy for something. How many pages does it have? 8 - )

PTC Observer
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Gort - Investment taxes

To the extent we tax income from invested capital, we suppress private investment not encourage it. At the very least there is less money to invest into the market as the tax flows into the government.

To the extent government taxes income from any source it drains capital from markets that would ordinarily use it to provide goods and services that people want. This suppresses business creation and job creation by private markets. Private markets are sustainable because they are based on consumer demand for specific goods and services. Government cannot "create" jobs because jobs "created" by government are not dependent on what consumers actually want. They are "created" based on what the government THINKS the consumer wants. Certainly it invests in things that only a small group wants, ie special interests.

To the extent government invests taxes into unproductive ventures like green or post offices it displaces capital that would be invested more beneficently privately into goods and services that people actually want: efficient powerful gasoline powered engines and FEDEX.

I am afraid the book wouldn't work for your table, you see you buy it electronically. I don't know, it has maybe 50 or 60 pages, some of it is steeped in Third French Revolution examples, but you may find it more interesting than the comic book you're reading. ;-)

Gort
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PTC_0, hiding money in

PTC_0, hiding money in offshore accounts, or T-Bills for that matter, also takes money out of private investment. I think taxing all capital gains as ordinary income will make the ‘coupon cutter class’ have to make their money work harder. They would have to invest their money in more productive enterprises than moving paper around from one bank to another.

Sorry to hear that Frederic Bastiat book is one of those electronic books. Sixty pages would have been perfect for leveling my table. Comic book? Now that’s a good idea! I’ll use my copy of “The Citizen” that Cal delivers to my house every week.

PTC Observer
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Gort - You

should go drink some coffee, take a deep breath and read what you just wrote. It makes no sense.

Certainly offshore accounts puts money into the private sector, that's why they put it offshore, so it's not taxed.

T-Bills are loans by individuals or institutions to the US government, YOU pay the interest on these Gort through your taxes. The interest you pay takes money out of the private markets. The money the government gets through selling T-bills is mismanaged. So, there you go Gort, that's the real world pal.

As an aside, I certainly enjoy having these exchanges with you. Perhaps you can actually learn something about how the world works. Now if I just get you to think......hmmm.....that could be a tall order.

Gort
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PTC_0, all I’m saying is,

PTC_0, all I’m saying is, money put into T-bills is usually put there for safety. It’s not creating new businesses, purchasing capital goods, building roads, bridges, or shipping channels, or developing or rebuilding existing cities and towns. I don’t see it doing anything good for people that work for a living. Most of that offshore money is from moving paper around in the world wide banking casino shell game, I don’t see that doing anything for working people either.

BTW, I’m glad we have these conversations too. I look forward to learning something soon. 8 - )

PTC Observer
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T-Bill Gort

You put money in T-bills for safety, but the money you give the government is used. It is used to pay off the interest on the debt. So, the government uses your perception that when you lend money to the government it's "safe". That's because it can pay you back with more freshly printed money. You know like a "world wide banking casino shell game" except with the benefit of being able to print the money! What a deal.

I am looking forward to having you learn something too Gort. Let's see how open your mind can be and how open your eyes are to the real world. You are open to learning aren't you Gort?

Citizen_Steve
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I wonder

Suppose

* all income was taxed like wages (at the higher rate)
* and subject to entitlement tax
* the FICA limit was removed
* the practice of employers collecting FICA/Medicare from employees and remitting was abolished

... just what would be the actual impact on tax and entitlement rates, assuming the income to gov't remained the same?

geastin
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Get a job

Recipients of CAPITAL GAINS actually create jobs.
1% of millions of dollars is actually much higher than 10% of thousands OR 100% of EARNED INCOME CREDIT.
How many jobs does the typical 9 to 5 employee create?
How many jobs does the typical EARNED INCOME CREDIT recipient create?

How much do YOU expect to pay if Obama gets back in -- citing the tax hikes he insists on.

This blog is comprised of two different types:

A.) Taxpayers, workers, job creators.

B.) Leeches with an "entitlement" mentality.

I'm sick of the last group. Lots of hot air, lots of insults, shakedown tactics.

The Truth Will ...
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Will he share his secret about the 1% with voters

If this is true MR needs to be a teacher and give voters lessons in accounting. Will MR share his secret about paying only 1% with voters between now and Nov? If MR shares his secret with voters and campaigns about this the next 3 months, voters will turn his way.