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no one suggested he should
This conversation was a digression. I simply said that Romney was following the law and I would consider him to be stupid if he voluntarily paid more taxes than he was legally obligated to pay.
no one suggested he should
we had inflation way before runaway national debt. who benefited then?
same winners and losers
He does not want to release his tax return, because it will provide Obama a nice narrative. The perfect example of a fat cat paying less income taxes as a percentage of his salary than his secretary - in black and white, for all the world to see.
still doesn't make infaltion a tax. it's a financial loss to be sure, but calling it a tax is just semantics.
As is NOT calling it a tax...
what bull
admittedly, that's an area of relative mastery for you
Agreed. He shouldn't pay more than he is required. But that is not the root of the issue. the root of the issue is the loophole that allows him to pay capital gains tax rates on what is essentially earned income. Releasing his tax returns provides Obama perfect opportunity to drive home this narrative during the campaign. And the American people will side with Obama.
Our Ruling
Of 34 presidential and vice presidential candidates reviewed above, only seven -- Brown, Buchanan, Huckabee, Forbes, Giuliani, Lugar, Nader -- declined to release personal tax returns. So while most follow the practice, not all do. We rate the DNC’s claim Mostly True.
http://www.politifact.com/truth-o-me...lly-release-t/
I still don't care. Romney is a rich man. If he wins the nomination, maybe it matters more. At this point, I will let the IRS audit him if they suspect something is foul.
it's not been suggested there's anything foul, just that disclosure might prove embarrassing for Romney
tch, tch,tch...just a little intellectual sparring...don't take it so personally...
Its not really a loophole. But it is a tax rate that both parties seem to want to keep about the same.
Fair enough. Perhaps he is richer than 250 million. Or poorer.
so then, all the winners disclosedOf 34 presidential and vice presidential candidates reviewed above, only seven -- Brown, Buchanan, Huckabee, Forbes, Giuliani, Lugar, Nader -- declined to release personal tax returns. So while most follow the practice, not all do.
I don't. Pointing out that you're full of it is sparring too.tch, tch,tch...just a little intellectual sparring...don't take it so personally...
Yes. I don't usually like to rely on quick google searches but it looks like most candidates release but anyone who actually wins the nominee actually releases. Ralph Nader being the exception, though I don't think he needed to win a primary. I could be wrong.
You know you like me...
It is a loophole. It's the carried interest tax loophole and Obama would like to eliminate it:
http://money.cnn.com/2010/02/01/pf/t...nges/index.htmRaise taxes on investment fund manager profits: Obama would like to tax the portion of profits paid to managers of hedge funds and private equity funds as ordinary income rather than as a capital gain. That would subject it to much higher tax rates than the 15% capital gains rate currently imposed. The White House estimates the measure would raise $24 billion over 10 years.
This is a carryover proposal from last year. While Congress hasn't acted on it yet, there's a fair chance they may move on it in the next year, since lawmakers will be looking for ways to pay for other costly legislation they'd like to pass.
I agree. We should all pay the same tax rate. I have advocated reducing tax rates and eliminating loop holes. If you remember, I have floated the idea that if we maintain our tax system as it is now, that people pay a minimum 15%, and maximum 25%.
And Romney reveals he pays an effective 15% tax rate.
http://www.cnn.com/2012/01/17/politi...html?hpt=hp_t1
Who here pays a higher effective tax rate than Romney? I know I do.
Let the sin of envy continue.
Has he or his people tried to spin it yet?
That could be fun to hear.
He has not released any tax returns. Just a statement indicating most of his income is investment income and he pays closer to 15%.
Since the cons ution clearly states that a candidate running four president should release his/her tax returns,I think we should demand it of him. But not Barry or Mic e . They can keep withheld all their earnings. We don't need to know how many millions Mic e made as being a...
Well whatever job she did that earned her millions, which was so important of a job that the hospital couldn't find a suitable replacement so they just didn't even look to fill that position.actually before Mic e, that position want even in existence.
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