htf did he made 40m in 2 years just from shares, when every fkn kent for the last 3 years made significant fkn losses on their folios...
That does it.
He was a bad Mormon.
He didn't he 10%.
Exactly. A couple making upwards of 123,100 will likely have a higher effective rate than Mitt despite his income being well into the millions of dollars range.
double post
well his already in the 14% flat tax rate...its how they treat his income..all deferred and stock options gives him capitals gains, so only whatever % of that is taxable, then you have his stream of incomes deriving from no taxable en ies example charities and churches/ministry.....lol whatever he claim for deductions mustve all gone into his mormon church then stream back into his income accont as charity work
I understand how it works... I just think that capital gains tax rate is a nice loophole if you can squeeze all your income through it...
Yes I understand. You want to make the economy worse by discouraging people from investing in capital ventures, which employ people.
Do you understand why the rates are kept low?
Scratch that. You obviously don't.
Income you have in capital is at risk of loss. Are you suggesting the rates be raised when the risk of loss is still there? Who would be foolish enough to move their money then and create jobs. Why not just park it somewhere safe then? Doing no good at all for the economy.
Yeah, I also understand it's bull .
The last time it was lowered, it didn't lead to a huge influx of investment.
Romney is full of ...
Wed Jan 25, 2012 at 02:00 PM PST
Now Mitt Romney claims he actually pays a 50% tax rate
by Jed Lewison Follow
http://www.dailykos.com/story/2012/0...ate?via=blog_1...First, he's saying that he gives 40 percent of his income "to the community" in the form of taxes and charitable deductions. (I'm not sure how he gets to 40 percent, given that he says he's adding 15 percent and 15 percent, however. And given that two-thirds of his charitable donations go to the Mormon Church that bankrolled Proposition 8, you can question how much the community benefited, but I digress.)
Second, he's saying that thanks to the nominal corporate tax rate of 35 percent, he's actually paying 50 percent in taxes when you add in his 15 percent. Now, if he really believed that he was paying 50 percent in taxes, he wouldn't have said he gives back 40 percent to the community—he'd have said he gives back 75 percent. But he doesn't really believe what he's saying ... because it is patently absurd.
The bottom-line: No matter how you slice it, Mitt Romney is full of baloney on this.Paul Krugman has an excellent dismantling of the case Romney is trying to make regarding corporate taxes. First, because most of Romney's capital gains income comes by way of carried interest, it was never previously taxed at 35 percent. Second, almost no companies actually pay the nominal corporate tax rate. Third, even if it were fair to say that the income had previously been taxed at 35 percent rate, conservatives have long argued that corporate taxes come at the expense of worker's wages. Now, suddenly, they are saying it comes at the expensive of investors? Talk about double-counting!
not exactly 'one of us'
7 reasons voters are souring on Mitt Romney
The number of Americans who have negative views of the longtime GOP presidential frontrunner skyrockets in January. What gives?
[link:http://news.yahoo.com/7-reasons-vote...94700884.html|"The main reason the Republican establishment overwhelmingly favors Mitt Romney over Newt Gingrich is that Romney stands a better chance of beating Barack Obama," says Jonathan Chait at New York. So it's a problem for Romney that "as the campaign goes on, this seems to be growing less true." A new Washington Post/ABC News poll shows that negative views of Romney have " ed" over the past two weeks, from a net +4 favorability rating (39 positive/34 negative) to a -18 rating (31 positive/49 negative) — very similar to Gingrich's -22 rating (29/51).
The shift is most notable among independents, who went from generally liking Romney (41/34) to disliking him by a 2-to-1 margin (23/51). Democrats (21/62) and Republicans (58/32) have soured on Mitt, too. What's behind Romney's newfound unpopularity? Here, seven theories:
1. Voters are turned off by his wealth Americans have long known that Romney is rich, but his just-released tax returns highlight just how much he earns from doing so little, says Peter Foster at Britain's Telegraph. Someone who rakes in $60,000 a day from personal investments is clearly "part of the elite – the '1 percent' that lives by different rules from ordinary Americans." But "the raw amount of money isn't really Romney's problem," says Chris Cillizza at The Washington Post. "It's the exoticness of his finances" — a Swiss bank account, money parked in Luxembourg and the Cayman Islands. "There is nothing more dangerous in politics than 'otherness,'" and Romney's fortune reeks of it.
8
But he's not necessarily full of . Did you run the numbers?
If he's paying a 35% corporate rate for the shares of businesses that he owns, that is likely around 20% after business deductions. then when he pays 15% from any stock dividends, that alone is 35%.
Review the context he said it in and do the numbers before you call him a liar.
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