Democrats have the GOP by the balls.

[freds]

Now just keep squeezing.


http://www.nytimes.com/2012/07/18/us...e.html?_r=1&hp

[freds]

this plan will benefit 100% of the posters on this board. so let's hear why you hate it.

[freds]

this plan will benefit 98% of Americans. Tell me why it sucks.




texans.

[RiotGrip]

Just let them expire on everyone!

[FlaFlaFlunkie]

From the article:

Numerically, Republicans and Democrats are not as far apart as the exchanges would suggest. President Obama has proposed allowing tax cuts to lapse on incomes over $250,000, raising the top two income tax brackets, allowing capital gains tax rates for affluent families to rise slightly and letting dividend income be taxed as ordinary income, as it was before 2003. Of the $5 trillion in tax increases that will ensue over 10 years if nothing is done, Mr. Obama’s plan would stave off all but $849 billion.

That's nicely encapsulated.

[Peau de Soie]

The real question is why rich people got freaking tax CUTS to begin with. As if "supply side" reaganomics has ever been anything but a fraud. This country has a lot of explaining to do.

[Howchilla]

Go turn on HGTV Million Dollar Rooms, and come back to me on why these rich motherfuckers can't be taxed a little bit more.

[Jack Shit]

Anyone wanna bet that Romney paid no taxes in at least one of the past 10 years?

[Peau de Soie]

Anyone wanna bet that Romney paid no taxes in at least one of the past 10 years?

I'm not actually paying attention -- has he really NOT disclosed his tax returns, like every other 20th and 21st century candidate?

Still? And he expects people to trust him??

[jokeland]

I'm not actually paying attention -- has he really NOT disclosed his tax returns, like every other 20th and 21st century candidate?

Still? And he expects people to trust him??

I really don't understand his logic. I would not hold it against him if he made a lot of money. I would not hold it against him if he used legal means to avoid paying taxes on that money.

[Jack Shit]

I would hold it against him if he didn't pay any taxes on that money, while last year little old me ponied up a hefty mid-five figure sum to the Feds.

[MatthewT]

other countries have tried the "eat the rich" approach

it fails

[Jack Shit]

other countries have tried the "eat the rich" approach

it fails

You're right. The absurdly wealthy are better than you or I, therefore they are entitled to lower tax rates. I mean, fair is fair.

[Bro]

If it's bread they want, Let them eat cake.

[Shine]

Mitt is waiting for obama to show us his real birth certificate

[Jack Shit]

564047_417498414962546_295764357_n.jpeg

[FlaFlaFlunkie]

I'm not actually paying attention -- has he really NOT disclosed his tax returns, like every other 20th and 21st century candidate?

Still? And he expects people to trust him??

I've seen some television reporting (don't know what level of confidence I have in any of it) that Romney didn't disclose his tax returns for the time when he was at Bain and other reports that during several years when he made scads of millions, his total tax paid was something ridiculous like only 15% when most Americans' tax rate is what? 28%?

[Jack Shit]

What's going on is this: Romney has released his 2010 return (showing he paid 14% to the Feds) and has said he will release his 2011 return (which he has not yet filed) sometime before the election, and as his wife said a few days ago, that's all "you people" are going to get.

He's being pressured from all sides, including most Republican officials and supporters, to release more. Not doing so is damaging him politically, causing many to wonder what's so awful that he feels he'd rather take this kind of hit than do what's customary for Presidential candidates. His father, George Romney, was a pioneer in this sort of transperancy, releasing 23 years of returns.

I speculate that in at least one and possibly more years in the last decade, he paid -0- taxes on $1,000,000,000,000,000 income, which wouldn't look very good now would it?

[FlaFlaFlunkie]

I should correct my previous post. Most of us might have 28% of their income withheld, but that includes not just federal tax, but state, local, SSI, FICA, health insurance, etc.

Depending upon your status, your federal tax rate can fluctuate wildly. My friend has a wife, mortgage and 2 kids whom they're counting as deductions, so the federal gov't takes about 12% of their income.

I get creamed. In 2009, they took 18% of my income. No mortgage, no debt, no kids, etc.

If I find out that Romney paid any percentage lower than me, I'm gonna be pissed. There's a very, VERY good reason he hasn't released those returns.

[1Vegasgirl]

No matter what Romney paid, it does not effect you. It is money he earned legally in the private sector. Do you think democrats do not take advantage of any tax law they can? What obama does, his policies, and when he ads 5 trillion to the debt in only 3 1/2 years, that does effect all of us.