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(The National Memo)   Mitt promises 12 million new jobs, eliminate the deficit, & lower taxes. Wall Street investor does the math: "At a 25 percent Federal tax rate on all the new income, the average new job would have to pay a mere $433,333 per year to fill the gap"   (nationalmemo.com) divider line 387
    More: Hero, Mitt Romney, deficits, tax rates  
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4049 clicks; posted to Politics » on 04 Oct 2012 at 6:01 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-10-04 05:06:56 PM  
s18.postimage.org
 
2012-10-04 05:10:18 PM  
Works for me
 
2012-10-04 05:11:21 PM  
img15.imageshack.us
 
2012-10-04 05:12:27 PM  
When you don't think, it's easy to say Mitt Rmoney won.
 
2012-10-04 05:12:59 PM  
if that's the case, where can I get one of those 430K/year jobs?
 
2012-10-04 05:13:14 PM  
*click*

i798.photobucket.com

*closes tab*
 
2012-10-04 05:22:40 PM  
Romney's plans are the very definition of pie in the sky. There is no way they can work,even if he had 100% cooperations from Congress and was able to enact every plan he wants.

He knows this and is banking on the American people being stupid enough to believe his lies.

And Barack Obama helped him out quite a bit by not challenging him on any of his bullshiat.
 
2012-10-04 05:24:41 PM  

violentsalvation: *click*

[i798.photobucket.com image 539x359]

*closes tab*


I hate those floating things. I don't care if it was some hot chick asking me for a hot night on the beaches in Hawaii all expenses paid.
 
2012-10-04 05:26:58 PM  
I must be working for the wrong small business
 
2012-10-04 05:32:28 PM  
I thought it's "the American dream" - not "the American delusion"
 
2012-10-04 05:34:46 PM  

Nadie_AZ: violentsalvation: *click*

[i798.photobucket.com image 539x359]

*closes tab*

I hate those floating things. I don't care if it was some hot chick asking me for a hot night on the beaches in Hawaii all expenses paid.


Use Noscript, dudes.
I think Chrome has a version of it as well.
 
2012-10-04 05:43:39 PM  
And of course, even if the math worked out, it's all predicated on things he cannot guarantee - like agreement from his own party and Congress as a whole.
 
2012-10-04 05:57:37 PM  

AdolfOliverPanties: And Barack Obama helped him out quite a bit by not challenging him on any of his bullshiat.

 
2012-10-04 05:57:49 PM  

Diogenes: And of course, even if the math worked out, it's all predicated on things he cannot guarantee - like agreement from his own party and Congress as a whole.


Weren't you paying attention to Mitt last night? THE PRESIDENT IS RESPONSIBLE FOR EVERYTHING FROM GASOLINE AND ELECTRICITY PRICES TO SINGLE-HANDEDLY CREATING JOBS AND ECONOMIC GROWTH!

/at least while someone besides him is in office
 
2012-10-04 06:02:53 PM  

violentsalvation: *click*

[i798.photobucket.com image 539x359]

*closes tab*


Everyone's least favorite web feature -- popup ads -- are back, and more annoying than ever.
 
2012-10-04 06:06:06 PM  
Mitt offered more magical unicorn farts in one hour of the debate than Obama did in all of 2008 combined.
 
2012-10-04 06:06:15 PM  

Nadie_AZ: violentsalvation: *click*

[i798.photobucket.com image 539x359]

*closes tab*

I hate those floating things. I don't care if it was some hot chick asking me for a hot night on the beaches in Hawaii all expenses paid.


What's worse, that crap's coming up on damn near every website nowadays.

No, I don't want to fill out your frickin' survey. Just let me get my frickin' cheat code, please, or let me take a closer look at the product I was going to buy from your website until you floated that crap all over the image.
 
2012-10-04 06:06:31 PM  
There you go. There's the math that Obama said didn't work last night. Right there in black and white.
 
2012-10-04 06:08:41 PM  
Mitt Romney: I never said that!
 
2012-10-04 06:08:55 PM  
Well duh, if you cut taxes on the rich then Job Creators™ start shiatting unicorns and rainbows.

Where have you guys been for the last 30 years?
 
2012-10-04 06:09:29 PM  

violentsalvation: *click*

[i798.photobucket.com image 539x359]

*closes tab*


I just clicked no and read the article.

But if it bothers you. Get out a calculator and do the math yourself. He uses a deficit of $1.3x10^12. That and what is in the headline is all the info you need to replicate the calculation.

(He assumes that the taxpayers did not even as much take a standard deduction, did not take a exemption, and did not write off anything--and just forked over 25% of everything to the feds. If you don't like that assumption, it will mean the jobs paid even more.)
 
2012-10-04 06:09:39 PM  

MrEricSir: violentsalvation: *click*

[i798.photobucket.com image 539x359]

*closes tab*

Everyone's least favorite web feature -- popup ads -- are back, and more annoying than ever.


Popup ads are my second to least favorite web feature.
My least favorite are popunder ads that have somebody moving on them. Turn my computer's performance to crap if I get enough of them.
 
2012-10-04 06:12:00 PM  
The derp squad will be in here in a sec to try to pretend this is wrong, but the thing that needs to be focused on is this:

Never mind that there's a problem lowering the top tax rate to 28 percent from 35 percent, which will cost $250 billion in revenues. Plugging that hole by taking away the $165 billion in deductions used by top earners simply doesn't work.

If taking away the deduction from the rich doesn't pay for this rate cut WHO WILL PAY THE DIFFERENCE?

The middle class, that's who!!!
 
2012-10-04 06:13:27 PM  
Don't bring math into this, we already know math has a liberal bias.

Show me an unbiased source.
 
2012-10-04 06:14:43 PM  
Yeah, but you did the math without including Romney's super-secret numbers that make it all revenue-neutral and add jobs and bring down the deficit. It's just too freakin' awesome to release to the filthy public.

Funny that all the teabaggers who complained about Obama promising "rainbows and unicorn farts" are now supporting Romney and his magic super-secret fix-all plan. The only thing they're consistent on is their hypocrisy.
 
2012-10-04 06:15:34 PM  
Mitt Romney is not stupid. He understands basic arithmetic. Here's the real problem: Mitt Romney is a cynical liar and the Republicans chose him.
 
2012-10-04 06:15:36 PM  
Of course someone getting a new job -- especially as well paying as Romney's numbers imply -- will be dropped from the welfare rolls, food stamps, unemployment, etc. So lets assume each new job meant the federal government spent fifty thousand dollars less. (This way overestimates how much the dole gives out even if you consider the overhead.) This means that the new jobs would only average $383,333 a piece.

But if we assume people deducted stuff from their taxes, the calculation will have to go up depending on how much they are allowed to deduct.
 
Xai
2012-10-04 06:15:44 PM  
Romney "I will lower taxes, make more jobs and reduce the deficit"

Obama "That's impossible"

Romney "I have a super secret plan, I won't tell you or you might steal it"

Voters "Yeah we'll vote for you, mitt - not like you might be lying or anything"
 
2012-10-04 06:16:31 PM  

Corvus: The middle class, that's who!!!


But I've been reassured by the Fark Independents and the Romney campaign is that it will be revenue neutral because the economy will magically grow fast enough to help offset the loss in revenue from these tax cuts.

/Yes, I know this is a stupid thing to think but this is honestly the right-wing talking point about Romney's tax plan
 
2012-10-04 06:16:32 PM  

MaudlinMutantMollusk: Diogenes: And of course, even if the math worked out, it's all predicated on things he cannot guarantee - like agreement from his own party and Congress as a whole.

Weren't you paying attention to Mitt last night? THE PRESIDENT IS RESPONSIBLE FOR EVERYTHING FROM GASOLINE AND ELECTRICITY PRICES TO SINGLE-HANDEDLY CREATING JOBS AND ECONOMIC GROWTH!

/at least while someone besides him is in office


I love that he called high gas prices and the slow recovery "Obama's economy tax", so that he could say that all of Obama's taxes are what's to blame for the problems America is feeling today. Republicans have redefined tax to mean "anything you don't like."

But remember, he's not saying he's going to cut taxes for the rich, he's just cutting tax rates but they won't pay less in taxes but it will stimulate the economy.
 
2012-10-04 06:16:33 PM  
Or, more realistically, let's say you could create 12 million jobs, Mr. Romney. And each job pays an average of $8,000 in federal income tax. You have now raised $96 billion per year, or about 7% of the federal deficit.

If you call yourself a budget hawk and you don't support cutting offense spending, you are sad joke.
 
2012-10-04 06:16:54 PM  

God-is-a-Taco: Nadie_AZ: violentsalvation: *click*

[i798.photobucket.com image 539x359]

*closes tab*

I hate those floating things. I don't care if it was some hot chick asking me for a hot night on the beaches in Hawaii all expenses paid.

Use Noscript, dudes.
I think Chrome has a version of it as well.


Woah. NotScript is the plugin. Had to set a password and then allow Fark for reply to comments to work. Interesting ....

Thanks!
 
2012-10-04 06:17:13 PM  
12 million new jobs paying $433,333 per year?

Sign me up!
 
2012-10-04 06:17:46 PM  

Mrtraveler01: Corvus: The middle class, that's who!!!

But I've been reassured by the Fark Independents and the Romney campaign is that it will be revenue neutral because the economy will magically grow fast enough to help offset the loss in revenue from these tax cuts.

/Yes, I know this is a stupid thing to think but this is honestly the right-wing talking point about Romney's tax plan


I think Romney is banking on the fact that the economy has been projected to grow over the next several years regardless of who is president. And that nobody will hold him to anything he says.
 
2012-10-04 06:17:50 PM  
I really want a $400K a year job. If I vote for Romney, I get one of those, right? And I'll be able to take advantage of those awesome tax loopholes that Mitt gets right? OH and I'll also be able to invest enough money in the next 30 years to have an IRA worth $100 mil when I retire, right?

/Yeah, I guess that's worth killing Big Bird.
//GO TEAM ROMNEY!
 
2012-10-04 06:17:57 PM  

Clutch2013: Nadie_AZ: violentsalvation: *click*

[i798.photobucket.com image 539x359]

*closes tab*

I hate those floating things. I don't care if it was some hot chick asking me for a hot night on the beaches in Hawaii all expenses paid.

What's worse, that crap's coming up on damn near every website nowadays.

No, I don't want to fill out your frickin' survey. Just let me get my frickin' cheat code, please, or let me take a closer look at the product I was going to buy from your website until you floated that crap all over the image.


What's even worse is browsing fark at work on IE 7 and having it crash every few minutes due to some of the ads on this site. I don't have a choice in what browser I use :(
 
2012-10-04 06:17:59 PM  
Comparing Wall Street math with politician math?
I say we call it a wash, since there's no actual math going on here.
 
2012-10-04 06:18:03 PM  
yup, romney willingly lied his ass off to win the debate.
gished. 
i am so shocked right now, this has shattered my reality.
 
2012-10-04 06:18:36 PM  

nevirus: Yeah, but you did the math without including Romney's super-secret numbers that make it all revenue-neutral and add jobs and bring down the deficit.


Even if you don't do the math. If it's not going to be a tax cut because the deductions are in theory going to balance it out how is it going to help anyone?? We might have a simpler tax code but if what Romney is saying is true (which I think is not true, I think he plans to shift the tax burden to the middle and poor classes he is just using this as the pretext) then it won't save anyone one penny on their taxes.
 
2012-10-04 06:18:54 PM  

Corvus: If taking away the deduction from the rich doesn't pay for this rate cut WHO WILL PAY THE DIFFERENCE?


i.imgur.com

Uh...rustlers, cut throats, murderers, bounty hunters, desperados, mugs, pugs, thugs, nitwits, halfwits, dimwits, vipers, snipers, con men, Indian agents, Mexican bandits, muggers, buggerers, bushwhackers, hornswogglers, horse thieves, bull dykes, train robbers, bank robbers, ass-kickers, shiat-kickers and Methodists?
 
2012-10-04 06:19:55 PM  
In all fairness, from Mitt Romney's perspective, the difference between, say, 43K and 433K in annual income isn't a large amount of money.
 
2012-10-04 06:20:34 PM  

impaler: 12 million new jobs paying $433,333 per year? Sign me up!


The catch is that all these jobs consist of taking it in the ass from China.
 
2012-10-04 06:20:48 PM  

Mrtraveler01: Corvus: The middle class, that's who!!!

But I've been reassured by the Fark Independents and the Romney campaign is that it will be revenue neutral because the economy will magically grow fast enough to help offset the loss in revenue from these tax cuts.

/Yes, I know this is a stupid thing to think but this is honestly the right-wing talking point about Romney's tax plan


A budget that is revenue neutral compared to our previous year's budget will never reduce the deficit and will never balance the budget. We have been in a recession for a while now, remember? Romney is a cynical liar.
 
2012-10-04 06:21:25 PM  

way south: Comparing Wall Street math with politician math?
I say we call it a wash, since there's no actual math going on here.


Well Romney's math is Politician-Wall Street math.
 
2012-10-04 06:21:26 PM  

Corvus: nevirus: Yeah, but you did the math without including Romney's super-secret numbers that make it all revenue-neutral and add jobs and bring down the deficit.

Even if you don't do the math. If it's not going to be a tax cut because the deductions are in theory going to balance it out how is it going to help anyone?? We might have a simpler tax code but if what Romney is saying is true (which I think is not true, I think he plans to shift the tax burden to the middle and poor classes he is just using this as the pretext) then it won't save anyone one penny on their taxes.


And another thing.

Didn't Romney say he would lower the rate while closing loopholes, and then claim no one had ever done that before?

Isn't that exactly what Reagan did???
 
2012-10-04 06:22:00 PM  

meat0918: Isn't that exactly what Reagan did???


Yes, yes it is.
 
2012-10-04 06:22:56 PM  

Corvus: The derp squad will be in here in a sec to try to pretend this is wrong, but the thing that needs to be focused on is this:

Never mind that there's a problem lowering the top tax rate to 28 percent from 35 percent, which will cost $250 billion in revenues. Plugging that hole by taking away the $165 billion in deductions used by top earners simply doesn't work.

If taking away the deduction from the rich doesn't pay for this rate cut WHO WILL PAY THE DIFFERENCE?

The middle class, that's who!!!


No no no.

It will come from the magical revenue that will pour down on us like manna from heaven, once the job creators are unshackled from their onerous tax burden.
 
2012-10-04 06:23:04 PM  
The problem isn't that Romney lied in the debates; it's the voters that are too dumb to know when they're being lied to
 
2012-10-04 06:23:17 PM  

Erik_Emune: In all fairness, from Mitt Romney's perspective, the difference between, say, 43K and 433K in annual income isn't a large amount of money.


Well, I could understand that better if he would ever show his tax returns. And. until he shows those returns, I'll assume he is a liar.
 
2012-10-04 06:23:27 PM  

ParallelUniverseParking: I thought it's "the American dream" - not "the American delusion"


"You know why it's called the American dream? Because you have to be asleep to believe it"

G. Carlin
 
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