Mitt Loves Ryan Tax Plan

[Guest]

Of course, Mitt loves his running mate's tax plan! He would pay even less taxes than the 13.9% he paid for 2010. The 13.9% rate for a multi-gazillionaire is not too shabby but a .82% is even better. No tax for capital gains or investments is a windfall for the super-rich like Romney. You do have to get money to run the government from somewhere, though. Yes, that is from RAISING taxes on the middle class (you and me) by 20%. It is now ROMNEYHOOD and RYANHOOD - robbing from the poor and middle-class to give to the super-rich.

Read all about it from this article in the Arkansas Times.

"In 2010 — the only year we have seen a full return from him — Romney would have paid an effective tax rate of around 0.82 percent under the Ryan plan, rather than the 13.9 percent he actually did. How would someone with more than $21 million in taxable income pay so little? Well, the vast majority of Romney's income came from capital gains, interest, and dividends. And Ryan wants to eliminate all taxes on capital gains, interest and dividends.

Romney, of course, criticized this idea when Newt Gingrich proposed it back in January by pointing out that zeroing out taxes on savings and investment would mean zeroing out his own taxes.

Almost. Romney did earn $593,996 in author and speaking fees in 2010 that would still be taxed under the Ryan plan. Just not much. Ryan would cut the top marginal tax rate from 35 to 25 percent and get rid of the Alternative Minimum Tax — saving Romney another $292,389 or so on his 2010 tax bill. Now, Romney would still owe self-employment taxes on his author and speaking fees, but that only amounts to $29,151. Add it all up, and Romney would have paid $177,650 out of a taxable income of $21,661,344, for a cool effective rate of 0.82 percent."

[Guest]

Of course, Mitt loves his running mate's tax plan! He would pay even less taxes than the 13.9% he paid for 2010. The 13.9% rate for a multi-gazillionaire is not too shabby but a .82% is even better. No tax for capital gains or investments is a windfall for the super-rich like Romney. You do have to get money to run the government from somewhere, though. Yes, that is from RAISING taxes on the middle class (you and me) by 20%. It is now ROMNEYHOOD and RYANHOOD - robbing from the poor and middle-class to give to the super-rich.

Read all about it from this article in the Arkansas Times.

"In 2010 — the only year we have seen a full return from him — Romney would have paid an effective tax rate of around 0.82 percent under the Ryan plan, rather than the 13.9 percent he actually did. How would someone with more than $21 million in taxable income pay so little? Well, the vast majority of Romney's income came from capital gains, interest, and dividends. And Ryan wants to eliminate all taxes on capital gains, interest and dividends.

Romney, of course, criticized this idea when Newt Gingrich proposed it back in January by pointing out that zeroing out taxes on savings and investment would mean zeroing out his own taxes.

Almost. Romney did earn $593,996 in author and speaking fees in 2010 that would still be taxed under the Ryan plan. Just not much. Ryan would cut the top marginal tax rate from 35 to 25 percent and get rid of the Alternative Minimum Tax — saving Romney another $292,389 or so on his 2010 tax bill. Now, Romney would still owe self-employment taxes on his author and speaking fees, but that only amounts to $29,151. Add it all up, and Romney would have paid $177,650 out of a taxable income of $21,661,344, for a cool effective rate of 0.82 percent."

If all that your side intends to do is discuss Romney taxes, then we will be frozen in time while the issues of jobs, the economy and the like will simply go unanswered.

The premise of this post relative to Romneys taxes tells all of us that the left just plain refuses to discuss the issues that should frame this campaign.

First, what you bring up....in May 2011 Bill Clinton ran into Paul Ryan and part of their conversation was picked up by mikes. Now, I cannot tell you word for word, but basically, just as he has said on many occassions, when complimented on his budget work by Clinton, he said that the conversation must start somehwere.....he has also said many times, and ignored by this post that his budget is a guide, a starting point for the discussion that must take place, and NOT, as this post implies an ending.

In addition, Romney has made it very clear that he is NOT running on the Ryan budget in anyway.

I, personally, accept the Ryan budget as it is.....much needs to be changed but it is the model that the country needs so much right now to begin to address our impending finanical doom.

The implications, and the left is becoming adept at using insinuation and implication to replace facts, are wrong in so many ways. It is just wrong on the factual side and does nothing for the debate that must take place.

This election is really a very clear choice as the oft used cliche goes.

If you visit the Obama website, and I know I am being general but hoping that someday we can engage is real issue discussion instead of the insinuation and implication kind of rhetoric...but if you visit the Obama website and look under JOBS and the economy, you will find one word very prominenent. INVESTMENT IN. which to me means monetary investment at the government level in job creations..picking the industry and the companies that YOU want to pick and investing taxpayer money in them.

If you visit the Romney website,you see a myriad of words like cutting taxes, cutting spending and cutting government regulation, increasing trade, energy production and the like.

From my perspective, the choice is government making all the calls or allowing what made the country great to work once again.

Speaking of Romney taxes serves the same purpose as discussing Jeremiah Wright, or Saul Alinsky.

Lets talk our country.....is that so hard ?

[Guest]

I respectfully disagree that talking about Mr. Romney's personal taxes is wrong. He wants to be the leader of our nation and therefore, should set a personal example and not a shady example. Mr. Romney is super-rich and if he wants to show Americans that they should be willing to pay their fair share of taxes, he should do so himself without all the legal loopholes that so many of us do not have access to do ourselves. In other words, treat himself just like we are to be treated.

[Guest]

I respectfully disagree that talking about Mr. Romney's personal taxes is wrong. He wants to be the leader of our nation and therefore, should set a personal example and not a shady example. Mr. Romney is super-rich and if he wants to show Americans that they should be willing to pay their fair share of taxes, he should do so himself without all the legal loopholes that so many of us do not have access to do ourselves. In other words, treat himself just like we are to be treated.

Great...you are entitled to your opinion. I prefer that we discuss the problems facing the country.

As you know, our government is OF LAWS and not of MEN !

[Guest]

Of course, Mitt loves his running mate's tax plan! He would pay even less taxes than the 13.9% he paid for 2010. The 13.9% rate for a multi-gazillionaire is not too shabby but a .82% is even better. No tax for capital gains or investments is a windfall for the super-rich like Romney. You do have to get money to run the government from somewhere, though. Yes, that is from RAISING taxes on the middle class (you and me) by 20%. It is now ROMNEYHOOD and RYANHOOD - robbing from the poor and middle-class to give to the super-rich.

Read all about it from this article in the Arkansas Times.

"In 2010 — the only year we have seen a full return from him — Romney would have paid an effective tax rate of around 0.82 percent under the Ryan plan, rather than the 13.9 percent he actually did. How would someone with more than $21 million in taxable income pay so little? Well, the vast majority of Romney's income came from capital gains, interest, and dividends. And Ryan wants to eliminate all taxes on capital gains, interest and dividends.

Romney, of course, criticized this idea when Newt Gingrich proposed it back in January by pointing out that zeroing out taxes on savings and investment would mean zeroing out his own taxes.

Almost. Romney did earn $593,996 in author and speaking fees in 2010 that would still be taxed under the Ryan plan. Just not much. Ryan would cut the top marginal tax rate from 35 to 25 percent and get rid of the Alternative Minimum Tax — saving Romney another $292,389 or so on his 2010 tax bill. Now, Romney would still owe self-employment taxes on his author and speaking fees, but that only amounts to $29,151. Add it all up, and Romney would have paid $177,650 out of a taxable income of $21,661,344, for a cool effective rate of 0.82 percent."







This tax issue is devastating for Willard - apparently he told Ryan to release only two years worth of returns as well even though Ryan supplied several years of returns.

"If Mitt Romney needed to examine several years of tax returns to determine whether Paul Ryan was qualified to be Vice President, why won’t he let the American people see his own returns and determine if he himself is qualified to be President?"

Paul Ryan Says He'll Only Release 2 Years Of Tax Returns In '60 Minutes' Interview (http://www.huffingtonpost.com/2012/08/12/paul-ryan-tax-returns_n_1770915.html?utm_hp_ref=politics)

[Guest]

This thread is a indicator of the desire of some quarters to ignore what is happening in this country and simply take aim and try to destroy people, which appears to be the very foundation of the Obama campaign

We have already seen the Bain ads debunked and shown to be nothing but character assisination using implication and insinuation and no facts, thus that would indicate that is what we should expect from this party and side.

If you folks are, as Reid did, charging some crime, then do it with some reason....if the motivation is to show Romney as rich....he admits guilt in that regard..he is rich.

For me it is time to look at WHY these men are running.....what will they do to put people back to work...what will they do to lead the country. If you folks have this need or something for whatever purpose to have this discussion, have it with yourself !

[Guest]

Pawlenty - I Gave ‘A Bunch Of Tax Returns’ During Romney VP Vetting

Tim Pawlenty: I Gave ‘A Bunch Of Tax Returns’ During Romney VP Vetting | Mediaite (http://www.mediaite.com/tv/tim-pawlenty-i-gave-a-bunch-of-tax-returns-during-romney-vp-vetting/)

[Guest]

What they will do is the same old trickle down strategy that erroneously thinks cutting taxes for the rich will somehow benefit the middle class. Beyond that they will riddle the social safety net, make a shambles of women's rights, set education back, among other similarly destructive things. :ohdear:

[Guest]

What they will do is the same old trickle down strategy that erroneously thinks cutting taxes for the rich will somehow benefit the middle class. Beyond that they will riddle the social safety net, make a shambles of women's rights, set education back, among other similarly destructive things. :ohdear:

Already discussion has deteriorated but it is about building government or building private...that simple !

[Guest]

Ryan voted for steep educational cuts involving Head Start and college aid.

Ryan voted for a constitutional amendment banning same-sex marriage.

Ryan is against against gay adoptions

Ryan is against a hate-crimes law

Ryan is against abortion

Ryan is against gun control.

Ryan is against raising the minimum wage.

Ryan is against the Dodd-Frank financial reform bill.

[Guest]

DaleMN is absolutely right in his statement.

As to the why that Romney is running for President - very simple answer - he has had success as a business owner (vulture as it may have been), has been a governor (lackluster as it was), and now wants to be President of the United States. PURE POWER is the answer to the WHY question.

[Guest]

you guys are so good at deliniating what the opposition is against....how about making a list for a change that states what Biden and Obama are for that differentiates them?

btk

[Guest]

I respectfully disagree that talking about Mr. Romney's personal taxes is wrong. He wants to be the leader of our nation and therefore, should set a personal example and not a shady example. Mr. Romney is super-rich and if he wants to show Americans that they should be willing to pay their fair share of taxes, he should do so himself without all the legal loopholes that so many of us do not have access to do ourselves. In other words, treat himself just like we are to be treated.


http://img269.imageshack.us/img269/8179/30681944965656505621439.jpg (http://imageshack.us/photo/my-images/269/30681944965656505621439.jpg/)

[Guest]

http://img269.imageshack.us/img269/8179/30681944965656505621439.jpg (http://imageshack.us/photo/my-images/269/30681944965656505621439.jpg/)

well of course that's it, alfred1234! the man is NOT stupid!

[Guest]

I respectfully disagree that talking about Mr. Romney's personal taxes is wrong. He wants to be the leader of our nation and therefore, should set a personal example and not a shady example. Mr. Romney is super-rich and if he wants to show Americans that they should be willing to pay their fair share of taxes, he should do so himself without all the legal loopholes that so many of us do not have access to do ourselves. In other words, treat himself just like we are to be treated.

oh, puhleeze, buggy...if romney does not take advantage of the legal loopholes to which he is entitled to - will you follow his example and give up yours, too?

how are you treated differently when you prepare your tax return or have it prepared? what is the difference in your preparation that romney's other than income? if you made more money, you, too, could probably have more loopholes, no?

what his accountants prepare is legal - at least as far as the irs has seemed to indicate. and where have you heard that romney wants the american taxpayer to pay their fair share - i thought that was obama's line.

if you want to hold a candidate for the office of the president of the united states to a higher standard/example, how should we hold obama to a higher standard/example than the rest of our citizenry who are no more or less american [debate on the latter issue for a different therad ;)]?

[Guest]

you guys are so good at deliniating what the opposition is against....how about making a list for a change that states what Biden and Obama are for that differentiates them?

btk

btk - are you blue in the face yet? ;)

[Guest]

oh, puhleeze, buggy...if romney does not take advantage of the legal loopholes to which he is entitled to - will you follow his example and give up yours, too?

how are you treated differently when you prepare your tax return or have it prepared? what is the difference in your preparation that romney's other than income? if you made more money, you, too, could probably have more loopholes, no?

what his accountants prepare is legal - at least as far as the irs has seemed to indicate. and where have you heard that romney wants the american taxpayer to pay their fair share - i thought that was obama's line.

if you want to hold a candidate for the office of the president of the united states to a higher standard/example, how should we hold obama to a higher standard/example than the rest of our citizenry who are no more or less american [debate on the latter issue for a different therad ;)]?


It's doubtful that many posters on this forum have their money stashed in Swiss bank accounts, or the Grand Caymans, or Bermuda, or have 100 million dollar IRA's. Mitt Romney loves this country. He just doesn't want to keep his money here.

[Guest]

It's doubtful that many posters on this forum have their money stashed in Swiss bank accounts, or the Grand Caymans, or Bermuda, or have 100 million dollar IRA's. Mitt Romney loves this country. He just doesn't want to keep his money here.

but do most posters on this forum take or NOT take the tax deductions to which they ARE entitled?

if mitt gives up some of the legal deductions to which he is entitled, will they follow his example?

or will they not do the same as they want mitt to do until they are a candidate for president?

[Guest]

[QUOTE=Guest;539700]It's doubtful that many posters on this forum have their money stashed in Swiss bank accounts, or the Grand Caymans, or Bermuda, or have 100 million dollar IRA's. Mitt Romney loves this country. He just doesn't want to keep his money here.[/QUOTE

I sure wish I could....then would have my attorneys and accountants take every break possible. And that last line is not even original !! I read the left leaning sites as well as the right !

[Guest]

Coralway, I agree with Ryan 100%. I'm not for any of those things either.

[Guest]

:icon_bored::icon_bored:

waiting for substance and yes I do feel a little blue in the face....but will continue....isn't it just amazing the consistency of not answering very simple, to the point questions?

I would think some are embarassed to answer or not allowed or fear reprisal for being honest.
Or something!

btk

[Guest]

but do most posters on this forum take or NOT take the tax deductions to which they ARE entitled?

if mitt gives up some of the legal deductions to which he is entitled, will they follow his example?

or will they not do the same as they want mitt to do until they are a candidate for president?

Hopefully, any posters on this forum who knew they were about to run for president would move their offshore accounts to US accounts, if for no other reason than to look patriotic. It would have looked better for Mitt Romney if he had done this. Of course, as soon as he loses, he can move them back offshore.

[Guest]

Hopefully, any posters on this forum who knew they were about to run for president would move their offshore accounts to US accounts, if for no other reason than to look patriotic. It would have looked better for Mitt Romney if he had done this. Of course, as soon as he loses, he can move them back offshore.

Would that have not been a bit phoney ? I want a president who IS patriotic and ACTS patriotic

Your questions should center on WHY someone who is very rich does in fact, assuming the loud yelling is correct, have such accounts, Look into that and see how easy our tax code makes it, and also how many americans do it, and about the rates.

He is a smart man.....you can chastize him for that all you want..he is still smart and has no guilt trip over his money, nor should he.