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(Fox News)   Turns out that Mitt Romney pays a higher tax rate than 97% of you. Who are you going to believe, FoxNews backed up by the IRS, or your own 1040?   (foxnews.com) divider line 51
    More: Interesting, Mitt Romney, romney, Fox News, IRS, tax rates, Scott Pelley, Tax Foundation, capital gains taxes  
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4786 clicks; posted to Politics » on 26 Sep 2012 at 1:52 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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View Voting Results: Smartest and Funniest


Archived thread
2012-09-26 10:29:08 AM
6 votes:
I pay 17% in Federal taxes alone (just check last year's filing). And I make about 1 millionth of what he makes for just breathing (when he is reminded to breathe, that is). But you know what? I like having an FDA, EPA, air traffic controllers, a police department, a safety net for people who need it, etc.

Sure that a-hole pays more in absolute terms. HE SHOULD! He uses proportionally more of society's stuff (roads, air space, public services, etc.) to make his money and exist, then he OWES more. Hell, he owes extra for forcing people onto unemployment and welfare every time he bankrupted a company. He also owes pain and suffering to the communities he RAPED when Bain came calling.

/He also owes a crap ton just for the disposal of his batteries.
2012-09-26 10:09:29 AM
5 votes:
OK, then he'll have no problem, you know, RELEASING THE PAPERWORK proving that, right? No?

Then you're still lying.
2012-09-26 12:10:05 PM
4 votes:

netizencain: mrshowrules: netizencain: GAT_00: Even if that's true, which it isn't, he makes more than 99.99% of us so he's still paying far too little.

Thank god you're in charge of deciding how much is too much for the rest of us.

Conservatives get to pick which wars are started. Liberals get to decide tax rates. Fair?

Ahh, the politics of jealousy.


When your argument devolves into Honey Boo Boo territory ("You jelly")... you might want to reconsider it.
2012-09-26 11:50:58 AM
4 votes:
The problem isn't that he pays a low tax rate. It's that he pays a low tax rate and he wants to change the rules to lower it even more. I can't begrudge someone for playing the game, but trying to change the rulebook so that you have an even easier time winning is bullshiat.
2012-09-26 10:14:37 AM
4 votes:
"If we ignore all these taxes regular people pay, then Romney pays more"

There. I just saved everyone some time.
2012-09-26 12:12:02 PM
3 votes:
The claim, though, is open to debate. It only holds up in a particular scenario in which both income and all payroll taxes are counted.


WTF is this shat?

Ah yes, the "particular scenario" better known as "the real world."
2012-09-26 11:52:49 AM
3 votes:

netizencain: mrshowrules: netizencain: GAT_00: Even if that's true, which it isn't, he makes more than 99.99% of us so he's still paying far too little.

Thank god you're in charge of deciding how much is too much for the rest of us.

Conservatives get to pick which wars are started. Liberals get to decide tax rates. Fair?

Ahh, the politics of jealousy.


Make it party neutral. If you start a war, you have to pay for it. Fair?
2012-09-26 02:19:25 PM
2 votes:
Romney will be remembered in perpetuity as the guy who ran for POTUS so that he could give himself a tax break.
2012-09-26 02:19:09 PM
2 votes:

karnal: He makes 20 million by doing nothing? No wonder you are jealous of him......Maybe Obama built his empire for him?



Nah, he's a real true American patriot. He took his daddies money and connections and sat back while the company offshored jobs to cheap labor havens and ran American companies into the ground with massive debt. Then they took all those profits and hid them offshore away from the country that gave him all these opportunities and you consider that patriotic and wonderful.

We get it, you're jealous of his wealth and will justify anything and everything a rich Republican does.
2012-09-26 02:13:09 PM
2 votes:

skullkrusher: 100%



derp
2012-09-26 02:12:16 PM
2 votes:
As a lifelong prole, I don't care that there is a class of people who make more money in a year than I could ever spend in a lifetime.

What I mind is when I begin to doubt that the members of said class are any more apt than I am at running a business/government/game of duck-duck-goose.

Listen up, rich folks. Stop whining about your tax rates and start sending your children to West Point and Annapolis again. If you're going to act like an aristocracy, you'd better be willing to take on the burdens that that come with it, complete with falling on your sword if you fark everything up.
2012-09-26 02:04:26 PM
2 votes:

Kittypie070: GAT_00 2012-09-26 10:34:32 AM

[codswallop]

You're certainly holding that dick to be self evident there.

Why don't you let go of it?


When did you join the derp squad, Kittypie?
2012-09-26 01:42:07 PM
2 votes:

eraser8: Weaver95: The president's campaign presumably is referring to Romney's release last week of his 2011 tax returns, which showed he paid an effective tax rate of 14.1 percent.

yeah, but Romney didn't take advantage of all the tax breaks to which he was entitled...and according to his own words, anyone who pays more taxes than he has to is an idiot "if I had paid more [taxes] than are legally due I don't think I'd be qualified to become president."

Now with actual quote goodness.


Yeah but everyone in the world knows that he'll just file an amended return next year.
2012-09-26 12:19:11 PM
2 votes:

netizencain: Ahh, the politics of jealousy.


Who ARE you? You aren't new around here but I've only recently noticed your terrible posts
vpb [TotalFark]
2012-09-26 10:14:32 AM
2 votes:
My own 1040.
2012-09-26 10:08:21 AM
2 votes:
I bet when they say 'rate' they really mean 'actual amount paid'. Let's see if I'm right.
2012-09-26 10:40:43 PM
1 votes:

Rev.K: I bet when they say 'rate' they really mean 'actual amount paid'. Let's see if I'm right.


Nah, its percentage. See most people take deductions etc and reduce their effective tax percentage. I own a small business and run my families business, and my effective tax rate at the end of the year is 5%. The business pays about the same some years, other years we reinvest everything and pay nothing. We also employ about half a dozen people on average and pay local and state taxes including about $50k in property tax which raises the 0-5% federal income tax to more like 15%.

The only people actually paying their bracket rates are high income families who earn salary and singles above a certain income level. If you fit one of those categories you could always start a small business, its extra work, but usually your spouse and kids can chip in, so even if you lose money on it at the end of the year everyone gets a paycheck and has fun. Pick something that has large fringe benefits like travel, real estate, etc.....

As an example, our family business provides cell phones and service to the partners, which means I have nine phones on my account, all of which belong to family members who have an interest in the business, work in it like me, or are carried by employees so I can manage them. I get to write off all the service as a business expense within certain limits. I also keep track of mileage on my truck and get reimbursements from the business, and deduct my own business use, its a pain, but it works out to about half the truck payment every month. What I wouldnt give for a dvd-nav screen that logs business miles at the touch of a button, but it means I can either have a really low payment on a new truck every 5 years or have a really nice truck for a regular payment. And lastly our business maintains a very nice swimming pool and outdoor recreation area, which I personally maintain as a glorified pool boy....I live in an adjacent property so my Kids spend all summer hanging out at the pool and the business pays for it all. I could go on about the benefits of owning a business but someone is already zipping up and preparing to type "cool story bro".....

Anyway the moral is as long as you avoid inventory and are smart about assets there isnt a whole lot of downside to a small family business. You cant do stupid stuff like have the business buy a ton of fancy furniture, write it all off, and then move it to your house. But there are plenty of reasonably legal ways to benefit from the business deduction. Lets put it this way, public employees regularly use public funds to take trips to 'conferences' all over the country at fancy places like Vegas, San Fran, etc...... Thats legal as long as no one complains. Your business can do similar things. Years ago our tax attorney and accountant gave us some ground rules on business trips and we went on a family vacation look into an investment Condominiums. We wrote off the cost of two Partners going, spent 15 hours touring apartments with a real estate agent, produced a report for our family partners on the likely income potential (negative) and in the end decided not to buy one. We did eventually invest in a property on the Jersey Shore, but sold the companies interest after a while to my Brother who Lives in Philly and spends a lot of time at the Jersey property.

I could go on about the benefits of owning a business but someone is already zipping up and preparing to type "cool story bro"..... The biggest downside in our business is that Im working myself to death in this recession trying to maintain hundreds of units with half my normal crew.
2012-09-26 05:22:36 PM
1 votes:

Fart_Machine: 3StratMan: And as far as the second statement, That's not what he said, and you know that's not what he meant. You're smart enough to know what he really meant and what he really was saying, but let me clarify: He was saying that he will never change the minds of 47% of the voters, who are committed to Obama no matter what, so he's not going to worry about trying to get them to vote for him because they never will- he is concentrating on trying to get the undecided voters to vote for him. And I would imagine that is pretty much the strategy of every politician that is running for office anyway.

I hate to break it to you but that 47% he mentioned includes seniors and the military. But if he wants to dump those two groups then by all means...


Um, no, Spinny McSpinmaster.
2012-09-26 05:15:33 PM
1 votes:

Fart_Machine: 3StratMan: Just showing another example of one of the many things that you lefties try to use against the right that your guy is usually guilty of.

Obama released over a decade of tax returns. Did Romney do this while our backs were turned?


$40K/year income here. Pay my taxes annually. Not a rat's ass given about Romney's taxes. The major problems of the country kinda bother me, though. I guess I'm just misguided. Call me crazy.
2012-09-26 04:30:37 PM
1 votes:
There is truly no point in arguing this with the 97% of ignorant zealots who compare their INCOME tax rate with his CAPITAL GAINS rate (on investments which have already been taxed at least once).

There's no way for Republicans to win this argument versus so much sheer stupidity. This is misinformation at it's finest.
2012-09-26 04:18:35 PM
1 votes:
This isn't fooling anyone who wasn't already fooled.
2012-09-26 04:13:50 PM
1 votes:

intelligent comment below: Weeks or months. That's the truth. Take anyone with an understanding of technology and you can turn them into any IT position within weeks or months. You can call me anything you want but that doesn't negate the truth


Ahhh moving the goal posts. I agree, given say 60 months you can teach a competent person almost any IT position.
2012-09-26 04:12:07 PM
1 votes:

intelligent comment below: /and I realize I am insulting all the idiots who spent tens of thousands of dollars getting degrees at ITT Tech, Devry, and other diploma mills who think they are in the same prestige as engineers, doctors, lawyers, accountants, etc. who all know real skills.

//For good measure, had a friend a few years ago who went to one of those and even got a Cisco certification. The guy admitted he knew absolutely nothing beyond the basics about IT.

///Just wait until more people go into the field like all other basic fields not requiring education and you find yourself making half the 100k salary you are used to



Heard this in 2000 when the cert mills were turning out MCSEs by the gross. Funny thing, companies discovered there is a difference between the guy who can do it and the guy who can do it well. I don't fault you for your ignorance, there are a lot of people in IT and much of it is entry level stuff. The field is still plagued by Mr. "I have a computer so I am an IT professional" But you really should stop talking about this subject as you aren't as familiar with the field as you think you are.
2012-09-26 04:00:12 PM
1 votes:

intelligent comment below: jst3p: I see you know very little about IT.

Not all of us work the helpdesk.


No IT job needs a degree or anything other than a few weeks or months of training. Including programming and network "engineers."


None that you are aware of, I agree with your ignorance there.
2012-09-26 03:44:19 PM
1 votes:

intelligent comment below: karnal: Poor don't go hungry in America


So you're just as disconnected as Romney. That's not shocking at all.


3StratMan: The only poll that matters is the one on November 6th.


And how's that working out for you so far?

[i.imgur.com image 600x692]


Aw, hell. the election was today? How did I miss it? Might as well have the inauguration tomorrow, eh?
2012-09-26 03:23:14 PM
1 votes:

Headso: 3StratMan: Keep using the Romney tax distraction, Farkers, since it isn't working anyway.

you might want to check out some recent polls, but based on the rest of your post I'd assume it's the liberal-media-conspiracy at fault for why Romney isn't polling way above Obama.


Oh yeah, the polls. Like the polls that only poll specific demographics to get results closer to what they want. Unless you actually contact every voter in the country to answer your poll, ultimately your poll results don't mean shiat and is just a guessing game and wishful thinking at best. The only poll that matters is the one on November 6th.
2012-09-26 03:20:04 PM
1 votes:

Debeo Summa Credo: RyogaM: Debeo Summa Credo: impaler: Debeo Summa Credo:

Your proposal would just turn it into another welfare program.



Sure it would. And then the next question is: So What? So what if SS is a some socialist quasi-welfare system or is a socialist fully-welfare system. So what? If my means of reform creates a stronger, safer, fully paid-for, system to deal with the real issue of old people and disabled people living their final years in poverty, so what if it is welfare or just quasi-welfare?

Because, guess what, the other option, the option championed from the other side, is to create a system which is weaker, not being paid for, and more people live in poverty and want in their later years. All because of the word, ""welfare," some people desire more people to live in poverty. Ridiculous.

And, it's asinine that we are not supposed to consider the tax burden of payroll taxes in the equation of tax fairness, even for those who are self-employed and pay the whole 14% themselves, because they aren't "income taxes." But, hey, semantics must be good for something.
2012-09-26 03:07:56 PM
1 votes:
Keep using the Romney tax distraction, Farkers, since it isn't working anyway. Sane, rational people don't give a shiat about Romney's taxes, especially while they know that the Middle East is on fire, our enemies still hate us and now our allies do as well, the debt has gotten to an unsurvivable level, unemployment numbers haven't gotten any better, gasoline still costs $4/gal since the energy policy still sucks hind tit, and the full scale implementation of the largest tax increase in history that is Obamacare is right around the corner. Among other things.

Keep biatching about Romney's taxes, though. Because the future of this country definitely hinges on that.

Priorities, biatches.
2012-09-26 02:54:03 PM
1 votes:
Cue Ann Rmoney to chew us peons a new one for doubting her precious "Mitty Witty" in 3...2...1...
2012-09-26 02:42:32 PM
1 votes:

Corvus: Serious we need something like 150k+/yr in capital gains, its gets taxed as normal income.

That's the only way to fix the problem.

(I think we shouldn't do ALL capital gains because it would screw over many people in retirement who did all they could to put money away to retire in their old age)


Better, how about every dollar gets taxed as regular income, because it's, you know, income.
2012-09-26 02:27:02 PM
1 votes:

Corvus: skullkrusher: Corvus: Serious we need something like 150k+/yr in capital gains, its gets taxed as normal income.

That's the only way to fix the problem.

(I think we shouldn't do ALL capital gains because it would screw over many people in retirement who did all they could to put money away to retire in their old age)

exclusions for primary residence sales then yeah, sounds aight. Cap gains above $150k taxed at marginal income tax rates sounds reasonable.

Agreed. primary resident sales should also not count.


I agree with this. Capital gains shoulded be taxed as regular income (with targeted exclusions for primary residences and retirement income). The 15% cap gains tax rate is the largest wealth redistribution scheme in American history.
2012-09-26 02:13:11 PM
1 votes:
karnal
Probably pays more in taxes in a year than the combined amount of every farker that comments on this thread does in a lifetime.....but the pseudo-outraged Dems keep shouting "MOAR......ROMNEY PAY MOAR TAXES"!

Romneybot's got so much cash stashed away that he probably doesn't even notice that seemingly huge amount of tax he pays, whereas a real working person is keenly aware of every dollar they have (and all the ones they don't), and that smaller amount - which may end up being a higher percentage of their income - might mean the difference between bare subsistence living and the odd perk to make life less dreary.
2012-09-26 02:10:31 PM
1 votes:
Lets see 10 years Mitt

media.nj.com
2012-09-26 02:08:33 PM
1 votes:

RexTalionis: Meh. I paid at least 24% of my income to the IRS in 2011 and that was my effective rate because I have no deductions or exemptions.


I'm in close to the same boat. Around 20% in federal income tax. Around 26% if you count payroll taxes. I also makes 177 times less than Mitt. That's just screwed up.
2012-09-26 02:08:04 PM
1 votes:
If I could deduct the cost of my cats as a medical cost I might be able to show a lower rate too.
2012-09-26 02:08:01 PM
1 votes:
Farking hate it when Fox, or anyone else, puts a question as a headline for a "news" report.
"Fact Check: Is your mother a farking whore???"
2012-09-26 02:03:36 PM
1 votes:
The claim, though, is open to debate. It only holds up in a particular scenario in which both income and all payroll taxes are counted.


That's kind of the point.
2012-09-26 02:01:59 PM
1 votes:
when is a tax not a tax? when FOX News is trying to SPIN BABY SPIN!!!
2012-09-26 02:01:35 PM
1 votes:
Spin spin spin.

the bottom line is Romney, a multi millionaire, pays less a percentage then someone who actually works for a living. That's just wrong, and that situation needs to be fixed.
2012-09-26 02:01:29 PM
1 votes:
Fox News is the Corporate equivalent of Alex Jones
2012-09-26 01:59:27 PM
1 votes:
Fox News, We Distort You Obey!
2012-09-26 01:58:46 PM
1 votes:

mrshowrules: netizencain: GAT_00: Even if that's true, which it isn't, he makes more than 99.99% of us so he's still paying far too little.

Thank god you're in charge of deciding how much is too much for the rest of us.

Conservatives get to pick which wars are started. Liberals get to decide tax rates. Fair?


reverse that and we got ourselves a deal
2012-09-26 01:57:12 PM
1 votes:
I actually pay a higher percentage rate than Romney does.

Also would like to see how much taxes he paid on the Romney illegally held in Swiss bank accounts before 2009 amnesty program that he is hiding.
2012-09-26 12:33:32 PM
1 votes:

netizencain: GAT_00: Even if that's true, which it isn't, he makes more than 99.99% of us so he's still paying far too little.

Thank god you're in charge of deciding how much is too much for the rest of us.


And what makes you think you are?

Kittypie070: GAT_00 2012-09-26 10:34:32 AM

[codswallop]

You're certainly holding that dick to be self evident there.

Why don't you let go of it?


The f*ck is this?
2012-09-26 12:06:07 PM
1 votes:
Fox really is trying to disguise the fact that Mitt Romney sends a smaller portion of his income to the IRS than most middle class Americans.

When they're trying to make taxes look oppressive, Fox "News" will be certain to include payroll taxes, excise taxes, gasoline taxes, sales taxes and every other tax they can think of. Taxed Enough Already!

But, if they talk about all those taxes in this case, it makes Romney look bad. So, they have to rejigger their formula. Suddenly, ONLY federal income taxes count.

Seriously, how dumb do you have to be not to notice that? Or, how brainwashed do you have to be not to care?
2012-09-26 12:03:37 PM
1 votes:
GAT_00 2012-09-26 10:34:32 AM

[codswallop]

You're certainly holding that dick to be self evident there.

Why don't you let go of it?
2012-09-26 11:30:11 AM
1 votes:

netizencain: GAT_00: Even if that's true, which it isn't, he makes more than 99.99% of us so he's still paying far too little.

Thank god you're in charge of deciding how much is too much for the rest of us.


Conservatives get to pick which wars are started. Liberals get to decide tax rates. Fair?
2012-09-26 11:23:22 AM
1 votes:

GAT_00: Even if that's true, which it isn't, he makes more than 99.99% of us so he's still paying far too little.


Thank god you're in charge of deciding how much is too much for the rest of us.
2012-09-26 10:34:32 AM
1 votes:
Even if that's true, which it isn't, he makes more than 99.99% of us so he's still paying far too little.
2012-09-26 10:16:39 AM
1 votes:
Meh. I paid at least 24% of my income to the IRS in 2011 and that was my effective rate because I have no deductions or exemptions.
2012-09-26 10:09:37 AM
1 votes:
yeah, and all those "poor" people have refrigerators and telephones, so they aren't really poor.
 
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