Romney to pay <virtually> NO taxes under the original Ryan Plan

[techs]

http://2012.talkingpointsmemo.com/2...-mitt-romney-would-pay-virtually-no-taxes.php

Under Paul Ryan’s Plan, Mitt Romney Would Pay Virtually No Taxes

Romney’s new running mate proposed eliminating the capital gains tax in his 2010 “Roadmap for America’s Future.” Since Romney, like many ultra-wealthy Americans, derives virtually all of his income from investments, he would pay virtually no taxes at all under such a plan.

The Atlantic crunched the numbers on Romney’s 2010 tax returns, the only one he’s made public, and found that Romney’s tax rate that year would be just 0.82 percent under Ryan’s proposal.


Now I am not saying that Romney chose Ryan so he wouldn't have to pay any taxes next year.
I think Mitt is just planning for a comfortable retirement when Ryan becomes President.

<Virtually> inserted into the thread title to make the thread title truthful. -Admin DrPizza

 

[Matt1970]

You got a better plan to get people back to work?

"I think Mitt is just planning for a comfortable retirement when Ryan becomes President."

Ya, you figured him out. Spend all this time and hard work away from the things that REALLY make him money all so he can avoid some capital gainst taxes. Makes sense.

 

[boomerang]

techs, Jethro Bodine boasted of his sixth grade education. I know he's got you beat. How far did you make it?

 

[techs]

Ya, you figured him out. Spend all this time and hard work away from the things that REALLY make him money all so he can avoid some capital gainst taxes. Makes sense.

Maybe Mitt has a huge amount of money in investments he is holding until he can eliminate the capital gains tax?
Too bad we don't know since Mitt won't release his taxes.

 

[Dari]

You got a better plan to get people back to work?
"I think Mitt is just planning for a comfortable retirement when Ryan becomes President."

Ya, you figured him out. Spend all this time and hard work away from the things that REALLY make him money all so he can avoid some capital gainst taxes. Makes sense.

Not him but the president does...

 

[Jhhnn]

You got a better plan to get people back to work?

"I think Mitt is just planning for a comfortable retirement when Ryan becomes President."

Ya, you figured him out. Spend all this time and hard work away from the things that REALLY make him money all so he can avoid some capital gainst taxes. Makes sense.

None of that ideological parroting fits with observable reality.

Job Creators' taxes, personal & corporate, are at their lowest point in the last 60 years, and have been for nearly a decade. Yet job creation during the Bush years was anemic, and is even more so today.

That is observable fact, not opinion.

Romney is "retired" from Bain, and his income generating assets are held in a theoretically blind trust. He created a personal automatic money printing/ laundering/ tax avoidance machine that requires virtually no ongoing effort on his part. His growing fortune is so vast that if he lost half tomorrow it wouldn't affect his lifestyle in the slightest.

Yet his efforts have moved up to a higher level, the level of policy, because his primary concern appears to be making more money, which even lower taxes would facilitate in no small way. Ideologically, he's locked in to trickledown economics, which have demonstrably failed to deliver to the vast majority of Americans, despite the blind denial of its middle class adherents.

 

[Matt1970]

Not him but the president does...

You think we might hear about it some time?

 

[Smoblikat]

You got a better plan to get people back to work?

"I think Mitt is just planning for a comfortable retirement when Ryan becomes President."

Ya, you figured him out. Spend all this time and hard work away from the things that REALLY make him money all so he can avoid some capital gainst taxes. Makes sense.

As we all know, thanks to obama, he sure as hell didnt create ANY business. Noone ahs ever made a business, thats how it works, if you have a business you didnt make it. So the only thing left is for him to do is invest in other companies that dont exist.

 

[Matt1970]

None of that ideological parroting fits with observable reality.
.

It all depends on which reality you wish to observe.

Job Creators' taxes, personal & corporate, are at their lowest point in the last 60 years, and have been for nearly a decade.

Actual taxes collected from them is at an all-time high.

Yet job creation during the Bush years was anemic, and is even more so today.

I just checked and Bush is not currently our President. If you have any data to prove otherwise, I would be glad to see it.

Romney is "retired" from Bain, and his income generating assets are held in a theoretically blind trust. He created a personal automatic money printing/ laundering/ tax avoidance machine that requires virtually no ongoing effort on his part. His growing fortune is so vast that if he lost half tomorrow it wouldn't affect his lifestyle in the slightest.

Yet his efforts have moved up to a higher level, the level of policy, because his primary concern appears to be making more money, which even lower taxes would facilitate in no small way. Ideologically, he's locked in to trickledown economics, which have demonstrably failed to deliver to the vast majority of Americans, despite the blind denial of its middle class adherents.

The rest of this is your usual rambling nonsense.

 

[Incorruptible]

http://2012.talkingpointsmemo.com/2...-mitt-romney-would-pay-virtually-no-taxes.php

Under Paul Ryan’s Plan, Mitt Romney Would Pay Virtually No Taxes

Romney’s new running mate proposed eliminating the capital gains tax in his 2010 “Roadmap for America’s Future.” Since Romney, like many ultra-wealthy Americans, derives virtually all of his income from investments, he would pay virtually no taxes at all under such a plan.

The Atlantic crunched the numbers on Romney’s 2010 tax returns, the only one he’s made public, and found that Romney’s tax rate that year would be just 0.82 percent under Ryan’s proposal.


Now I am not saying that Romney chose Ryan so he wouldn't have to pay any taxes next year.
I think Mitt is just planning for a comfortable retirement when Ryan becomes President.

So what? Some of these taxes are theft, its time you pay higher taxes

 

[Fanatical Meat]

I know this is flame bait....this is what I see, we've been pulling the tax break lever for job creators for decades and it has worked at times but for the last several years it has not, so currently its not an effective lever to pull to generate jobs. Someone needs to figure out a different lever to pull to get better results. I feel reasonable and definate tax reform and Congress needs to show they are capable of working together to get stuff done would remove a ton of uncertainty.
I'd love to see every Representative & Senator stand up in session and pledge to keep spending rational & improving jobs will be their primary focus.

 

[Bitek]

So what? Some of these taxes are theft, its time you pay higher taxes

Ah, Right-wing class warfare.

At least when the left does it its to their own benefit...

 

[cybrsage]

http://2012.talkingpointsmemo.com/2...-mitt-romney-would-pay-virtually-no-taxes.php

Under Paul Ryan’s Plan, Mitt Romney Would Pay Virtually No Taxes

Your thread title is a lie, as proven by your own first sentence. You need to change it to remove the lie.

 

[Incorruptible]

Ah, Right-wing class warfare.

At least when the left does it its to their own benefit...

What class warfare? I want no income taxes for EVERYONE

 

[zsdersw]

You think we might hear about it some time?

You would disagree with it anyway, so why does it matter?

 

[MovingTarget]

It all depends on which reality you wish to observe.

So, in other words, you reject observable, quantifiable reality and substitute your own....How....Republican.

Actual taxes collected from them is at an all-time high.

Perhaps in raw terms yes, but not percentage-wise. Taxes on the wealthy could go much, much higher without affecting their lifestyle AT ALL. It would have the added bonus of reducing the deficit and paying for what keeps our society running. There really is no downside to a modest top-end tax increase.

I just checked and Bush is not currently our President. If you have any data to prove otherwise, I would be glad to see it.

No, he isn't. You are being deliberately obtuse. The trends really began to establish themselves once Bush's advocated policies took effect. Obama hasn't had the kind of carte-blanche from Congress to reverse those. What Bush and his cronies did is still fair game because the GOP has doubled down on that kind of stupid. They seem to advocate the same policies that got us in this mess, but to an even greater extent.

The rest of this is your usual rambling nonsense.

Responses in bold. Try again.

 

[MovingTarget]

I know this is flame bait....this is what I see, we've been pulling the tax break lever for job creators for decades and it has worked at times but for the last several years it has not, so currently its not an effective lever to pull to generate jobs. Someone needs to figure out a different lever to pull to get better results. I feel reasonable and definate tax reform and Congress needs to show they are capable of working together to get stuff done would remove a ton of uncertainty.
I'd love to see every Representative & Senator stand up in session and pledge to keep spending rational & improving jobs will be their primary focus.

Yeah, thats the long and short of it. We approved tax cuts at the tippy-top with the expectation that job growth would take off. It hasn't. Those at the top didn't keep up their end of the bargain. Since this is the case, we should no longer sacrifice (via increased debt, weaker currency, neglected infrastructure, diminished safety net, etc.) to hold up our end. Taxes should go back up to where they were prior to the "voodoo economics" era. Congress needs to hold up their end of the bargain too and show that they are statesmen and not partisan hacks. A spirit of compromise gets things done, but the latest scorched-earth tactics by the tea-publicans will ensure that Congress can't wipe its own ass.

 

[halik]

You got a better plan to get people back to work?

"I think Mitt is just planning for a comfortable retirement when Ryan becomes President."

Ya, you figured him out. Spend all this time and hard work away from the things that REALLY make him money all so he can avoid some capital gainst taxes. Makes sense.

When you're worth $250M+, you will most certainly burn 2+ years of your life to save 15% on taxes. Amirite?

 

[techs]

When you're worth $250M+, you will most certainly burn 2+ years of your life to save 15% on taxes. Amirite?

I'm sure there are other things Mitt plans on getting from the Presidency. At the top of the list is assuredly leadership of the Mormon Church.

 

[a777pilot]

http://2012.talkingpointsmemo.com/2...-mitt-romney-would-pay-virtually-no-taxes.php

Under Paul Ryan’s Plan, Mitt Romney Would Pay Virtually No Taxes

Romney’s new running mate proposed eliminating the capital gains tax in his 2010 “Roadmap for America’s Future.” Since Romney, like many ultra-wealthy Americans, derives virtually all of his income from investments, he would pay virtually no taxes at all under such a plan.

The Atlantic crunched the numbers on Romney’s 2010 tax returns, the only one he’s made public, and found that Romney’s tax rate that year would be just 0.82 percent under Ryan’s proposal.


Now I am not saying that Romney chose Ryan so he wouldn't have to pay any taxes next year.
I think Mitt is just planning for a comfortable retirement when Ryan becomes President.

Who cares? I don't. There should be absolutely NO taxes on income.

 

[mshan]

What happened to the previous talking point that everybody should pay at least some federal income tax?

It is just like Romney's tax plan that is supposedly paid for by closing loopholes.

Reason the math doesn't add up is simple, Romney never intended to pay for the tax cut because, of course, deficits don't matter...

 

[nehalem256]

What class warfare? I want no income taxes for EVERYONE

Who cares? I don't. There should be absolutely NO taxes on income.

And everyone should have a unicorn to ride to work on. Think of how much it would decrease carbon emissions!

 

[Dulanic]

Who cares? I don't. There should be absolutely NO taxes on income.

So your goal for the USA is to be like North Korea and Saudi Arabia? High goals. Why don't you move there?

 

[a777pilot]

So your goal for the USA is to be like North Korea and Saudi Arabia? High goals. Why don't you move there?

I believe that tax on income and annual taxes on private real property is against the idea of a free capitalistic economy and the principles this nation was founded on.

We should institute a system of taxing spending/consumption/transfer of money and/or wealth.

Then make all you can but if you spend it, you get to pay a tax. Everyone pays.

 

[techs]

Who cares? I don't. There should be absolutely NO taxes on income.

i miss a lot of things. It's never stopped me before and it won't now.

Why do you people take anything I say seriously? It's a puzzle.

I rest my case.