R/R flip flop on lowering taxes for rich, or blatent lie?

[RightIsWrong]

What does it matter the marginal rate when the rich derive a large % of their income from investment income which is 15%? You could have a top marginal rate of 99%. They dont pay it anyways.

One of the few times that Genx and I agree whole heartedly. I'm not sure if we agree on whether that is good or bad, but his point is spot on as it is stated.

With the amount of loopholes on their "income" and the fact that, if they hold for more than two years they avoid capital gains on their investment income (which is very easy for them to be able to do), their effective tax rate, is under 20%.

That is the number that should be being discussed and is always just swept under the rug.

 

[Jhhnn]

It is no more of a lie than Obama saying the Bush tax cuts were tax cuts for the rich...while pretending it was not a tax cut for everyone.

Maybe Obama's blazing pants were so darn hot, they caused other people's pants to catch on fire to. What do you think?

Duh-vert into false equivalency seems to be your standard method. Here it is again.

 

[cybrsage]

Duh-vert into false equivalency seems to be your standard method. Here it is again.

Ah, so you are pretending his pants are not blazing infernos? Odd, but defending your messiah is the way you roll, so carry on.

 

[cybrsage]

I think Obama is walking around with his burning pants on the ground

And he is looking like a fool with his pants on the ground...

 

[Jhhnn]

That would be nice. It would help everyone who is below $200k retire easier. What would its effect on the budget be? I cannot imagine it would be all that much.

Utterly dishonest in that patented Cybr way.

The vast majority of Americans already have ways to invest & save in tax deferred vehicles- IRA's, 401K's, and so forth. And yet very few ever approach the limits of how much they can set aside, because they can't afford to do so. It offers nothing of substance to the vast majority of Americans.

Benefit to wealthier Americans is quite obvious, as I've pointed out. They've maxxed out their tax deferred vehicles for years, and this proposal would make the incomes of many trust funders & "retired" investors tax free or lower tax than they already enjoy. Tears of joy would flow copiously in every country club in this nation.

 

[Jhhnn]

Ah, so you are pretending his pants are not blazing infernos? Odd, but defending your messiah is the way you roll, so carry on.

And the topic at hand has what to do with Obama, other than desperate attempts at false equivalence of Duh-version?

 

[D-Man]

You need a third button for the poll labeled evolved

 

[dank69]

It is no more of a lie than Obama saying the Bush tax cuts were tax cuts for the rich...while pretending it was not a tax cut for everyone.

Maybe Obama's blazing pants were so darn hot, they caused other people's pants to catch on fire to. What do you think?

I think you just admitted that Mitt Romney is lying. Good for you. The poll is private so you can vote your conscience without fear of reprimand from your masters.

You need a third button for the poll labeled evolved

 

[HomerJS]

Obama also stated that he would cut the deficit.
and he also stated that he deserved to be a one term president if he did not do such.

saying one thing and doing the other.

What Obama has done is worse than what Romney is proposing>

If you look at Obamas first full year after Bush the deficit was reduced.

 

[cybrsage]

I think you just admitted that Mitt Romney is lying. Good for you.

Wait, are you actually saying Obama is a liar?

 

[cybrsage]

Benefit to wealthier Americans is quite obvious, as I've pointed out.

Wealthier Americans make less than $200k? I knew Obama was slowly dropping the lower limit of what is needed to be wealthy, but you are completely reversing it.

Wow, the wealthy now make less than $200k. What do you call those who make more than that?

 

[cybrsage]

And the topic at hand has what to do with Obama, other than desperate attempts at false equivalence of Duh-version?

Yep, the command to defend of Obama is fully controlling you.

 

[simpletron]

Those clauses are not contradictory at all, but rather misleading. Romney wants to exempt taxpayers who earn less than $200K from taxes on dividends, interest & capital gains entirely. He reiterates that in the tax policy pdf-



http://www.mittromney.com/sites/default/files/shared/TaxPolicy.pdf

*Any* taxpayer, Fern, including the ones I mentioned earlier.

I realize that you don't want to believe it, but there it is. It's not what you want to believe it is, at all. If he just wanted to help people save for retirement, he'd want to raise the limits on tax deferred vehicles, broaden what the law defines as a tax deferred vehicle, so forth & so on.

What he proposes is like raising the personal exemption while keeping rates the same. It makes the personal exemption for the investor class quite large.

The ones you mention earlier don't have AGI under 200K.

Whlie the devil is in the details, it is possible to have taxpayer with AGI under 200K pay no capital gains and those with AGI above 200K to pay exactly the same taxes as they do today. I think it would be a non-refundable tax credit with a phase out for those with AGI over 200K and you're thinking it is a 200K capital gain exemption. Both meet the goal of have no capital gains for the middle class, but very different effects on the super rich. Without a piece of legislatration, we're both guessing as to how this would be accomplished.