If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Washington Post)   Obama: "FACT: In 2010 and 2011, Romney paid less than 15% in taxes on $42.5 million in income-much less than what many middle-class families pay." Reality: "BULLSHIAT"   (washingtonpost.com) divider line 252
    More: Fail, middle-class families, adjusted gross income, itemized deductions, families pay, middle class, taxpayers, Tax Policy Center  
•       •       •

3611 clicks; posted to Politics » on 11 Jul 2012 at 11:16 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



252 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

Archived thread

First | « | 1 | 2 | 3 | 4 | 5 | 6 | » | Last | Show all
 
2012-07-11 11:18:20 AM  
Donating to your church probably shouldn't go in the same category as charity...
 
2012-07-11 11:18:31 AM  
He also donates about 14 percent of his income to charity

The Mormon church is not a charity.
 
2012-07-11 11:19:12 AM  
I give WaPo 15 Pinocchios for trying to pass off Romney's "dividend" income in the same light as regular salary income that the rest of us get.

Couple that with the massive amounts of money he is shielding via Carried Interest and off-shore trusts, and Romney is massively underpaying.
 
2012-07-11 11:19:32 AM  
First, one can see that for all the rhetoric about high taxes in the United States, most Americans pay a relatively small percentage of their income in taxes.

Great, so we're all for raising taxes then, right?

Right?
 
2012-07-11 11:20:28 AM  
Content of Article: Actually, Obama was pretty much correct
 
2012-07-11 11:22:03 AM  

Glicky: Donating to your church probably shouldn't go in the same category as charity...



Have you seen how dull the flat-screen in the fitness center is? It has lost all of its vibrancy... ALL of it.
 
2012-07-11 11:23:10 AM  
Author sounds fat.
 
2012-07-11 11:23:48 AM  
So, it's still fact.
Romney having enough extra money lying around to donate doesn't really change the fact that he paid only a 15% tax rate.
fark, from the article, it says that without the donation, he'd have been paying 19%. Isn't that still less than most middle class Americans?

Besides, it is really virtuous charity when you have that much extra lying around to donate to offset your tax burden?

Alot of the right wing derp is that contributing to the social welfare should be voluntary, not forced via taxes. Do they also advocate removing tax incentives from charity, as that brings a reward that would screw otherwise selfless giving?
 
2012-07-11 11:23:52 AM  
So he pays $6,375,000 in taxes for one year.
I wonder how many welfare recipients were propped up by this one evil person.
 
2012-07-11 11:24:05 AM  

Citrate1007: He also donates about 14 percent of his income to charity

The Mormon church is not a charity.


Wasn't there also some money he gave to a "charity" run by one of his sons?
 
2012-07-11 11:24:20 AM  

Imperialism: First, one can see that for all the rhetoric about high taxes in the United States, most Americans pay a relatively small percentage of their income in taxes.


I hate this BS. most Americans pay a relatively small percentage of their income in income taxes. These people always seem to forget things like sales taxes and other regressive taxes...
 
2012-07-11 11:24:44 AM  
That's pretty funny. The "Fact Checker" admitted that the facts Obama was using were correct. Then created a new evaluation metric not mentioned in the tweet, and used that to prove what they wish Obama had said ("most" instead of "many") wrong.

Damn liberal media.
 
2012-07-11 11:26:30 AM  
while the median tax rate for Americans with income between $50,000 and $100,000 is 13 percent, some 3 million face effective tax rates above 21 percent.


and

the Obama campaign is correct that the former Massachusetts governor paid about 15 percent of his gross adjusted income (that's line 37 on the tax return) in taxes.


Results in 3 Pinocchios? Nope, you're not partisan at all
 
2012-07-11 11:26:46 AM  
Obama: "FACT: In 2010 and 2011, Romney paid less than 15% in taxes on $42.5 million in income-much less than what many middle-class families pay." Reality: "BULLSHIAT" "Reality": "Yes, but here's a list of excuses that makes it totally OK."
 
2012-07-11 11:27:05 AM  
FTFA

Nevertheless, the Obama campaign is correct that the former Massachusetts governor paid about 15 percent of his gross adjusted income (that's line 37 on the tax return) in taxes.
 
2012-07-11 11:27:42 AM  

technicolor-misfit: Glicky: Donating to your church probably shouldn't go in the same category as charity...


Have you seen how dull the flat-screen in the fitness center is? It has lost all of its vibrancy... ALL of it.


Fitness center? In a church?
 
2012-07-11 11:28:07 AM  

jehovahs witness protection: So he pays $6,375,000 in taxes for one year.
I wonder how many welfare recipients were propped up by this one evil person.


So why don't we just make every taxpayer have an equal bill of, say, $30,000?
 
2012-07-11 11:28:36 AM  
As a Democrat I am pleased to see Romney supporters opting to go into detail defending him from Obama's attacks.

All this article says to most people is, "Hey, he's got tax options you'll never have and he intends to keep it that way."
 
2012-07-11 11:29:54 AM  
I love how no one even bats an eyelash at the US taxpayer subsidizing Mitt's largesse to the LDS.
 
2012-07-11 11:30:08 AM  

jehovahs witness protection: So he pays $6,375,000 in taxes for one year.
I wonder how many welfare recipients were propped up by this one evil person.


Probably only a dozen or so; have you seen how well those people live?

/With their flat-screens and refrigerators...
 
2012-07-11 11:30:30 AM  

Fubar: Imperialism: First, one can see that for all the rhetoric about high taxes in the United States, most Americans pay a relatively small percentage of their income in taxes.


I hate this BS. most Americans pay a relatively small percentage of their income in income taxes. These people always seem to forget things like sales taxes and other regressive taxes...


yep.... just amazing how they can ignore such things.
 
2012-07-11 11:30:36 AM  

the_foo: Results in 3 Pinocchios? Nope, you're not partisan at all


"When Obama said that Mitt Romney paid less in taxes than many middle class families, he was completely correct. However, if Mitt Romney had not donated millions of dollars to the Mormon Church, and Obama then said he had a lower effective tax rate than most middle class families, he would have been wrong, therefore Obama is lying."

Someone literally just wrote an entire article saying that.
 
2012-07-11 11:30:36 AM  

Alphax: technicolor-misfit: Glicky: Donating to your church probably shouldn't go in the same category as charity...


Have you seen how dull the flat-screen in the fitness center is? It has lost all of its vibrancy... ALL of it.

Fitness center? In a church?




https://www.google.com/search?aq=f&sugexp=chrome,mod=1&sourceid=chro me &ie=UTF-8&q=church+fitness+center
 
2012-07-11 11:30:44 AM  

jehovahs witness protection: So he pays $6,375,000 in taxes for one year.
I wonder how many welfare recipients were propped up by this one evil person.


I wonder how many people were pushed into welfare by the actions taken to make Romney that money.
 
2012-07-11 11:30:59 AM  
And another good one: We figure that without those donations to charity, his effective tax rate would be at least 19 percent.

So when Obama discussed what Romney paid in taxes, he should instead have used a hypothetical tax rate based on an alternate version of events?
 
2012-07-11 11:31:19 AM  

Nina_Hartley's_Ass: All this article says to most people is, "Hey, he's got tax options you'll never have and he intends to keep it that way."


At least the article pointed out there's a difference between income and payroll taxes, and implicitly demonstrated payroll taxes impact middle- and lower-class Americans more severely than income taxes. Which, in itself, is a damn sight more intellectually honest than actual right-wing derp.
 
2012-07-11 11:31:39 AM  

Fubar: Imperialism: First, one can see that for all the rhetoric about high taxes in the United States, most Americans pay a relatively small percentage of their income in taxes.


I hate this BS. most Americans pay a relatively small percentage of their income in income taxes. These people always seem to forget things like sales taxes and other regressive taxes...


Even with that, we pay lower taxes than many countries. We also get a lot less from the government in return. I'm not sure what the point is, however. It seems like you get what you pay for.
 
2012-07-11 11:32:24 AM  

Fubar: Imperialism: First, one can see that for all the rhetoric about high taxes in the United States, most Americans pay a relatively small percentage of their income in taxes.


I hate this BS. most Americans pay a relatively small percentage of their income in income taxes. These people always seem to forget things like sales taxes and other regressive taxes...


Romeny pays sales tax and the other regressive taxes everyone else does based on what he buys doesn;t he? Do the wealthy get a special Tax ID that lets them avoid sales and regressive taxes?
If you buy a Bentley or Donzi or G650 you also pay a luxury tax.....


Something like 57% of Americans do not pay income tax.......wouldn't Romney then be paying more then most Americans since most Americans do not pay income tax?
 
2012-07-11 11:32:34 AM  

jehovahs witness protection: So he pays $6,375,000 in taxes for one year.
I wonder how many welfare recipients were propped up by this one evil person.


ugggghhhh

6/10
 
2012-07-11 11:33:12 AM  
Obama: "FACT: In 2010 and 2011, Romney paid less than 15% in taxes on $42.5 million in income-much less than what many middle-class families pay." Reality: "BULLSHIATTrue but he also pays a greater percentage of his income in taxes than many middle-class families. Also it depends on how we view the words "many" and "much less""

It's your submission, subby. At least read TFA before writing the headline.
 
2012-07-11 11:33:48 AM  

Giltric: wouldn't Romney then be paying more then most Americans since most Americans do not pay income tax?


Did anyone say that Romney paid less than most Americans?
 
2012-07-11 11:33:48 AM  
*reads headline*
*reads article*

*quad face palm*

Not to keen with functional brain cells are you dumbmitter?
 
2012-07-11 11:34:51 AM  

the_foo: So when Obama discussed what Romney paid in taxes, he should instead have used a hypothetical tax rate based on an alternate version of events?


Yes. And used it to come to a different conclusion. If he had done all that, he would have been totally lying.

Three Pinocchios.
 
2012-07-11 11:35:23 AM  

Serious Black: jehovahs witness protection: So he pays $6,375,000 in taxes for one year.
I wonder how many welfare recipients were propped up by this one evil person.

So why don't we just make every taxpayer have an equal bill of, say, $30,000?


A very modest proposal sir.
 
2012-07-11 11:35:46 AM  

technicolor-misfit: Alphax: technicolor-misfit: Glicky: Donating to your church probably shouldn't go in the same category as charity...


Have you seen how dull the flat-screen in the fitness center is? It has lost all of its vibrancy... ALL of it.

Fitness center? In a church?



https://www.google.com/search?aq=f&sugexp=chrome,mod=1&sourceid=chro me &ie=UTF-8&q=church+fitness+center


That was rhetorical. But it's also a sign of too much money in a church.
 
2012-07-11 11:37:05 AM  
Come on people...where are the charts?

Percentages are great and all, but I need a chart in order to understand what is going on here.
 
2012-07-11 11:37:45 AM  

Alphax: technicolor-misfit: Glicky: Donating to your church probably shouldn't go in the same category as charity...


Have you seen how dull the flat-screen in the fitness center is? It has lost all of its vibrancy... ALL of it.

Fitness center? In a church?



Get a BRAIN, Moroni.


upload.wikimedia.org
 
2012-07-11 11:38:09 AM  
If donating to LDS is charity, I'll call what I do while watching Cinemax "donating to the sperm bank".
 
2012-07-11 11:38:17 AM  

Giltric: Fubar: Imperialism: First, one can see that for all the rhetoric about high taxes in the United States, most Americans pay a relatively small percentage of their income in taxes.


I hate this BS. most Americans pay a relatively small percentage of their income in income taxes. These people always seem to forget things like sales taxes and other regressive taxes...

Romeny pays sales tax and the other regressive taxes everyone else does based on what he buys doesn;t he? Do the wealthy get a special Tax ID that lets them avoid sales and regressive taxes?
If you buy a Bentley or Donzi or G650 you also pay a luxury tax.....


Something like 57% of Americans do not pay income tax.......wouldn't Romney then be paying more then most Americans since most Americans do not pay income tax?


Lower and middle class folks pay a significantly higher percentage of their income in sales and other regressive taxes in the point.

And Mitt doesnt drive Bentleys. He's only got like 5 Cadillacs which arent subject to luxury taxes.
 
2012-07-11 11:38:50 AM  
He is paying a much lower tax rate on his $20m than I am on my $130k salary and he wants to keep it that way. His lifestyle wouldn't change if he had to pay the same percentage as me. If I paid his tax rate I would save about $14k a year and that would have a big impact on my lifestyle. He paid $3m on $20m. He would have paid about $6m at my tax rate. So, you only brought home $14m instead of $17m Mitt? Awe, you poor thing. I am farking sick of the wealthy paying lower tax rates on income. I don't care if it's long term capital gains or dividends, stuff most people can only dream of having access to, never mind it being 99% of their income. The tax code is broken and it's making the rich much richer than they should be. If anyone claims that's socialism, they can go fark themselves. We are becoming an oligarchy because of these tax poicies.
 
2012-07-11 11:38:53 AM  

Giltric: Fubar: Imperialism: First, one can see that for all the rhetoric about high taxes in the United States, most Americans pay a relatively small percentage of their income in taxes.


I hate this BS. most Americans pay a relatively small percentage of their income in income taxes. These people always seem to forget things like sales taxes and other regressive taxes...

Romeny pays sales tax and the other regressive taxes everyone else does based on what he buys doesn;t he? Do the wealthy get a special Tax ID that lets them avoid sales and regressive taxes?
If you buy a Bentley or Donzi or G650 you also pay a luxury tax.....


Something like 57% of Americans do not pay income tax.......wouldn't Romney then be paying more then most Americans since most Americans do not pay income tax?


Ok.... the point he was trying to make is this:

You - Income 50K a year, buy a $1000 tv and pay 5% sales tax (whatever it may be).
Romney - Income 20 million a year, buy a $1000 tv and pay a 5% sales tax.

Who paid more of a percentage of their income to the sales tax?
 
2012-07-11 11:38:54 AM  
*is the point

/FTFM
 
2012-07-11 11:39:10 AM  

Glicky: Donating to your church probably shouldn't go in the same category as charity...


It's not even really "donating" since you get in some trouble if you continually neglect to pay tithing, especially if you are able to pay.
 
2012-07-11 11:39:24 AM  
Nevertheless, the Obama campaign is correct that the former Massachusetts governor paid about 15 percent of his gross adjusted income (that's line 37 on the tax return) in taxes.
 
2012-07-11 11:40:21 AM  
Since when is the middle quintile of taxpayers "the middle class"? Middle class people generally have degrees and start at $50k. The middle quintile of income includes those that make $35k.

"The middle class" is the group of people that is between the "upper class" and "lower class". There are more "lower class" people than "upper class", so the median income is around the same amount as the "middle class" starts.

Apples are not oranges, film at 11.
 
2012-07-11 11:40:30 AM  
lol. i can just picture submittard mashing his sausage fingers into his spittle-flecked keyboard to type BULLSHIAT.
 
2012-07-11 11:42:24 AM  
Romney released his 2010 tax return and an estimate of his 2011 return earlier this year. He earned a little more than $20 million each year, a good chunk of it in capital gains and dividends, which are taxed at a preferential rate as low as 15 percent.

But that's not the only reason why Romney's tax rate is at that level. He also donates about 14 percent of his income to charity, which gives him a pretty big tax deduction. (As we have noted, President Obama in 2010 also gave about 14 percent of his income to charity.)

Indeed, Romney gives about as much to charity - $3 million - as he pays in taxes. Those itemized deductions are counted against income that would ordinarily be taxed at a 35-percent rate. We figure that without those donations to charity, his effective tax rate would be at least 19 percent.


Was the Obama tweet about the reason for the tax rate? No - it was about the FARKING FACT that Romney's rate was below 15%. But, luckily, the article goes on to parse the word "many" to prove that the tweet was wrong.

And WTF is this shiat?

The Obama campaign's tweet relies on a very slippery "fact."

Romney, by receiving much of his income in capital gains and dividends and giving millions of dollars to charity, is certainly able to keep his effective tax rate relatively low, especially compared to a wealthy person who earns much of his or her income in salary. But, even so, Romney still pays an effective tax rate that is higher than the tax rate paid by most Americans.


The tweet didn't say "most" - it said "many." You disingenuous twat.

TFA's author gives 3 "Pinocchios" for something he interpreted the tweet to mean, rather than what it actually farking said.

For fark's sake. Subby, your submission is bad and you should feel bad.
 
2012-07-11 11:43:10 AM  

jehovahs witness protection: So he pays $6,375,000 in taxes for one year.
I wonder how many welfare recipients were propped up by this one evil person.


The real question is how does it compare to the number of jobs he destroyed at Bain Capital. My guess is poorly.
 
2012-07-11 11:43:38 AM  

Exception Collection: Since when is the middle quintile of taxpayers "the middle class"? Middle class people generally have degrees and start at $50k. The middle quintile of income includes those that make $35k.

"The middle class" is the group of people that is between the "upper class" and "lower class". There are more "lower class" people than "upper class", so the median income is around the same amount as the "middle class" starts.

Apples are not oranges, film at 11.


Newsflash: My degree-earning sister made $30,000 in farking LA because that is what someone with her degree made right out of school.

You really should check some stats - there are plenty of degree earners who make less than 50K right out of school and for several years. In fact, the word I would use is "most".
 
2012-07-11 11:44:07 AM  
Did we suddenly regress a few centuries to the days when tithing was as effective a tax as anything, where excommunication from 'the church' actually meant something?
 
Displayed 50 of 252 comments

First | « | 1 | 2 | 3 | 4 | 5 | 6 | » | Last | Show all

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »
On Twitter





In Other Media


Report