Under Ryan plan, Romney tax rate would be 1 (as in one) %

You want to know what the election is about? Here’s what the election is about:

From Roll Call:

“The tax plan proposed by Rep. Paul Ryan (Wis.), the newly minted GOP vice presidential candidate, would have slashed Mitt Romney’s effective tax rate to about 1 percent in 2010, based on Romney’s tax return that year, according to a Roll Call analysis.

The Ryan tax cut, which would shave about 90 percent off of Romney’s tax bill, would result from the Wisconsin Republican’s “Roadmap for America’s Future” proposal to eliminate taxes on capital gains, dividends and interest. Since about 95 percent of Romney’s $21.6 million income came from those sources in 2010, he would pay no taxes on the vast majority of his earnings. It’s not certain exactly how low Romney’s tax bill would go, but his income from other sources amounts to about $1 million, and Ryan’s plan would set a new top rate of 25 percent. Romney’s total tax bill would have dropped from the $3 million that he paid to a few hundred thousand dollars if Ryan’s plan had been in effect.

Ryan also proposes eliminating the estate tax, which would benefit Romney’s heirs by tens of millions of dollars.”

If you can take Ryan’s plan, apply it to Romney’s 2010 tax return, and come up with any other conclusion, please do so. Otherwise, this stands as the perfect illustration of what Ryan, Romney and their fellow Republicans hope to accomplish in office, and what values drive their policy choices. Slash Medicaid, slash Medicare and slash Mitt Romney’s taxes to almost nothing, while raising them on the lowest-earning 30 percent of Americans.

– Jay Bookman

1,676 comments Add your comment

USinUK - pro-gay-marriage thug and former Girl Scout

August 13th, 2012
7:43 am

“Taxes are for the little people”

Romney-Helmsley-Ryan 2012

USinUK - pro-gay-marriage thug and former Girl Scout

August 13th, 2012
7:44 am

woowoo!!!

Olympic success AND first on a Monday???

starting the week RIGHT!

Normal Free...Pro Human Rights Thug...And liking it!

August 13th, 2012
7:47 am

Good Day to you USinUK and Good Job to Britain!

Thomas Heyward Jr.

August 13th, 2012
7:48 am

You lefty Progressives should be able to get behind Romney/Ryan’s VAT proposals/schemes.
(it’s in Ryan’s “Roadmap to ..whatever”).
.
C’mon man…..where’s the bi-partisonship compromising?
Where’s the love?

Thomas Heyward Jr.

August 13th, 2012
7:49 am

With Romney/Ryan..we too..can be just like Europe.

Doggone/GA

August 13th, 2012
7:50 am

Does Ryan’s plan tell us how many jobs Romney will create with all that extra money he won’t have to pay in taxes?

USinUK - pro-gay-marriage thug and former Girl Scout

August 13th, 2012
7:51 am

“With Romney/Ryan..we too..can be just like Europe.”

yeppers … you, too can have a double-dip recession.

USinUK - pro-gay-marriage thug and former Girl Scout

August 13th, 2012
7:52 am

Thank you, Normal … we’re all pretty chuffed with how well everything went

Peadawg

August 13th, 2012
7:52 am

Jay, I’m surprised that you didn’t do a blog about Romney asking all of his potential VPs to release “several” years of tax returns. Then Ryan coming out and backtracking saying he only released 2 years just like Romney.

Keep Up the Good Fight!

August 13th, 2012
7:53 am

Well Doggone, with all the new homes, Romney will need more staff to serve him. And someone has to push the button in that car elevator. ;)

Jay

August 13th, 2012
7:54 am

Are you saying that there’s a bright future to be had in the burgeoning dressage industry, Dog?

USinUK - pro-gay-marriage thug and former Girl Scout

August 13th, 2012
7:55 am

“Are you saying that there’s a bright future to be had in the burgeoning dressage industry, Dog?”

well, shoveling crap, maybe …

Doggone/GA

August 13th, 2012
7:57 am

“Are you saying that there’s a bright future to be had in the burgeoning dressage industry, Dog?”

Well, someone’s got to groom the horses and muck out the stalls!

Keep Up the Good Fight!

August 13th, 2012
7:58 am

I am sure that some cons will argue that a 1% tax rate is an increase over what Romney is actually paying now…. so its a good thing right? :lol:

Peadawg

August 13th, 2012
8:00 am

Keep Up the Good Fight!
August 13th, 2012
7:58 am

Bazinga!

USinUK - pro-gay-marriage thug and former Girl Scout

August 13th, 2012
8:00 am

HA … you owe me a coke, waterfall lady!! :-)

Don't Forget

August 13th, 2012
8:01 am

OMG, what does all that do to the deficit?

USinUK - pro-gay-marriage thug and former Girl Scout

August 13th, 2012
8:01 am

Keep up and Peadawg … :lol:

Finn McCool (The System isn't Broken; It's Fixed)

August 13th, 2012
8:02 am

Romney’s gift to his real base.

Recon 0311 2533

August 13th, 2012
8:04 am

And the call goes out, Obama, where’s your plan? Expect to hear that question loud, clear and often during the campaign.

OleBamaDude

August 13th, 2012
8:06 am

White America won’t care that the wealthy will no longer pay taxes, and that the middle class and poor will be thus required to foot more of the bill. Why? Because Romney/Ryan are against gays. “The hell with our pocketbooks–it’s the guns and the gays we care about!” Go Romney! Go Ryan! Go retirement!

No Artificial Flavors

August 13th, 2012
8:07 am

Let the demagoguery begin. Btw, all estate taxes should be cut for any income bracket. The earnings to which the estate was purchased have already been taxed at some point. Capital gains should be lowered though not to 1%.

Where is the democrat plan? Taxing over $250,000? That’s not a real solution. Ryan’s plan is not perfect, but at least he proposes bold new ideas instead of kicking the can. Also, does anyone believe the current tax system/code is the best way forward?

Granny Godzilla - Union Thugette

August 13th, 2012
8:08 am

Recon says:
And the call goes out, Obama, where’s your plan? Expect to hear that question loud, clear and often during the campaign.

It’s right here, has been for a while…….

Vladimir Illyich Lenin

August 13th, 2012
8:08 am

Robme/lyin smacks of desperation. Sort like McCain/prayin (to make oodles o $$ offa this veep thingie)

USinUK - pro-gay-marriage thug and former Girl Scout

August 13th, 2012
8:10 am

there you go again, Granny G …

confooooosing them with the facts.

Jay

August 13th, 2012
8:11 am

“Btw, all estate taxes should be cut for any income bracket.”

Well, given that the tax on estates of less than $5.12 million is ZERO, I think we can consider that handled.

Granny Godzilla - Union Thugette

August 13th, 2012
8:11 am

Not kicking the can?

Pardon me but …..When does the Ryan budget get “balanced”?

20 some years from now?

Granny Godzilla - Union Thugette

August 13th, 2012
8:12 am

USinUK

If it was a snake it would’a bit him…..

barking frog

August 13th, 2012
8:13 am

To the rich it’s always about
money and to the poor
pretty much the same.

Doggone/GA

August 13th, 2012
8:13 am

“estate taxes should be cut for any income bracket”

How far can you cut zero? When my Father died we paid NO estate taxes.

Joseph

August 13th, 2012
8:17 am

I realize that democrats like to lie but this takes the cake Bookman. Word on the street is Obama is from Kenya….

Aquagirl

August 13th, 2012
8:17 am

Well, given that the tax on estates of less than $5.12 million is ZERO, I think we can consider that handled.

Won’t someone please think of the millionaires?!?!?

Obama has no plan

August 13th, 2012
8:18 am

That’s great. But you simply forget about all the taxes he paid on the dollars he earned to invest. So are you saying every retiree that worked hard, saved money for retirement and is living off the interest, i.e. Not a government dependant, should be taxed at the highest rate?
Or should we just forgo all our 401ks and let the government take care of us.
regardless, Romney paid more in taxes in one year than Obama and Biden combined. So what. All of this is nonsense. Why don’t you go find Obama’s plan for growth and get back to us.

stands for decibels (SfBA)

August 13th, 2012
8:18 am

Here’s what the election is about:

Correct. Stingy, cheap b@stards having their way with the proles.

where’s the bi-partisonship compromising?

I think it was Newt who defined bi-partisanship as “date rape.” And he’s right.

And you know where Ryan and Romney can shove their tax schemes.

When my Father died we paid NO estate taxes.

that’s the situation for probably 95% of Americans. That “death tax” BS is probably the biggest single con job in American history.

Doggone/GA

August 13th, 2012
8:19 am

“Won’t someone please think of the millionaires?!?!?”

You maybe don’t want to know what I think of SOME of them!

stands for decibels (SfBA)

August 13th, 2012
8:19 am

this takes the cake Bookman.

then it should be easy for you to identify the “lie.” Go ahead.

kayaker 71

August 13th, 2012
8:19 am

If you took everything that the 1%ers have, I mean everything, all of their assets, their homes, their bank accounts, everything….. there would be enough money to run our government for just a few months. Taxes on the evil 1% are not the problem and never have been. It’s this wild, runaway spending that liberals are so fond of that will ultimately carry the day. No country can survive with spending like this with a growth rate of only 1.5%. Those evil producers are not the enemy, liberals. You are.

Recon 0311 2533

August 13th, 2012
8:19 am

Granny, that’s not a plan but it sure has some otherwise good people fooled into believing it is. Obama hasn’t had a budget approved since he’s been in office. With Reid and the other Democrat charlatans controlling the Senate it’s unlikely there would ever be a budget. Time for a clean sweep in November.

AU Liberal in ATL

August 13th, 2012
8:21 am

This pick just gives Romney someone else to lie about. He’s spent the entire campaign so far lying about himself and the President. Now he’ll have to lie about Ryan too. If he were honest and came clean about anything the base would have him tarred and feathered. This is gonna be fun.

No Artificial Flavors

August 13th, 2012
8:21 am

Yes, not that i will ever have to worry about the estate tax but why not over $5.12 million too? Is that not fairness?

Doggone/GA

August 13th, 2012
8:21 am

” Obama hasn’t had a budget approved since he’s been in office.”

Oh!! THAT explains why all those government offices are closed and our military hasn’t been paid. Glad you explained it.

stands for decibels (SfBA)

August 13th, 2012
8:21 am

If Team Obama can’t smash this scheme to bits and win in Nov., despite the corporate media’s relentless false equivalencies and their being totally on the take for the billions of superPAC dollars that will flow their way over the next three months, the fix is in, and we should all start considering an exit strategy, because this country will be officially declared FUBAR.

Doggone/GA

August 13th, 2012
8:22 am

” Is that not fairness?”

Fair does not always mean equal

Normal Free...Pro Human Rights Thug...And liking it!

August 13th, 2012
8:22 am

Word on the street is Obama is from Kenya….

I knew Joseph was a Munchkin and lived on the yellow brick Road… ;)

gm

August 13th, 2012
8:24 am

Nobody on the right between the ages of 40-60 no matter what color can be this stupid, you have worked all your life paid in to SSI, Medicaid and you rather let two rich brinks come in and gut your money you have worked hard for because you hate Obama, conservatives white middle class can not be this stupid, if so God help these people and this country.

Brosephus™

August 13th, 2012
8:24 am

JKL2
August 13th, 2012
7:34 am

Brosephus- And what, exactly, is so special about wearing a lapel pin? Does it automatically make someone a super patriot or something? Does it give the wearer special powers? Or is it simply one of infinitely many ways that one can show patriotism?

It identifies you as a senator so you don’t have to show your ID card to security. He didn’t like to wear it since he’s embarrassed to be American.

off to class.

Please take good notes in class. Maybe you should also google “US Senate Lapel Pin” to find out that there is no flag on their pin. Therefore, you are completely wrong, as is the case many a time, about Obama not wearing a flag pin.

http://en.wikipedia.org/wiki/File:109thCongressLapelPin.jpg

There is no “flag” in the Congressional ID Lapel Pin.

Normal Free...Pro Human Rights Thug...And liking it!

August 13th, 2012
8:24 am

Time for a clean sweep in November.

I agree…of all the House republicans…

Granny Godzilla - Union Thugette

August 13th, 2012
8:24 am

Recon

That’s not a plan?

Are you daft?

It sure isn’t a bag of rocks.

Citizen of the World

August 13th, 2012
8:25 am

I do not mind paying my taxes, and I do not mind paying more, percentage wise, than people who earn less than I do. I can afford it with virtually no impact on my standard of living. But I do mind paying more, percentage wise, than people who earn more than me from whatever source. That’s the case now, and it looks like Romney and Ryan want to make it even worse.

ByteMe - Political thug

August 13th, 2012
8:25 am

Yes, not that i will ever have to worry about the estate tax but why not over $5.12 million too? Is that not fairness?

Only if you consider a permanent “monied” class “fair”.

Given how the monied class have been handling their responsibilities lately, I’d say we should keep them from reproducing by any means possible.

Jay

August 13th, 2012
8:25 am

Joseph, if this is a lie, then you can surely explain HOW it is a lie.

It’s really pretty simple math:

1. Almost all of Romney’s 2010 income — some $20 million of it — came in the form of capital gains, investments and dividends.

2. Under the Ryan plan, all taxes on capital gains, investments and dividends would be eliminated.

There’s no way around it, Joseph. Now, the fact that you were so quick to label this a lie tells us that you instinctively understood just how outrageous it is. You were so certain that something so outrageous could not be true, so you rushed to label it false.

It is not false. It is not a lie. But yes, it is indeed outrageous.

Aquagirl

August 13th, 2012
8:25 am

Yes, not that i will ever have to worry about the estate tax but why not over $5.12 million too? Is that not fairness?

Imagine the double heartbreak: mom dies, and you have to sell the dancing horsie too.

Boo-hoo.

Butch Cassidy (I)

August 13th, 2012
8:25 am

k71 – “It’s this wild, runaway spending that liberals are so fond of that will ultimately carry the day.”

I was unaware that the Congress was controlled by “liberals”.

ByteMe - Political thug

August 13th, 2012
8:25 am

Nobody on the right between the ages of 40-60 no matter what color can be this stupid

Uhhh… yeah, they can. You should try talking to some of them. It’s almost like the light is on, but nobody’s home.

Brosephus™

August 13th, 2012
8:25 am

My apologies to y’all on that post, but sometimes I have to address factually incorrect things. I hope JKL2 gets that post and realize the error of his assumptions/ideas about the flag pin.

Recon 0311 2533

August 13th, 2012
8:26 am

Oh!! THAT explains why all those government offices are closed and our military hasn’t been paid. Glad you explained it.

So, you believe that there is a budget? Maybe you’re confusing continuing resolutions for a budget.

stands for decibels (SfBA)

August 13th, 2012
8:26 am

If you took everything that the 1%ers have, I mean everything, all of their assets, their homes, their bank accounts, everything….. there would be enough money to run our government for just a few months.

not even remotely true.

http://en.wikipedia.org/wiki/Wealth_in_the_United_States

By the fourth quarter of 2010, the household net worth had recovered by a growth of 1.3 percent to a total of $56.8 trillion

ByteMe - Political thug

August 13th, 2012
8:27 am

By the fourth quarter of 2010, the household net worth had recovered by a growth of 1.3 percent to a total of $56.8 trillion

And we also know that the top 1%’ers control over half the wealth in this country right now.

ByteMe - Political thug

August 13th, 2012
8:29 am

So, you believe that there is a budget? Maybe you’re confusing continuing resolutions for a budget.

And you’re confusing a “budget” — just a non-binding plan — with “appropriations” which are actual expenditures.

For example, Bush kept both wars off the “budget”, but money was spent on them anyway. Were you fooled by this?

Brosephus™

August 13th, 2012
8:29 am

<i.Jay, I’m surprised that you didn’t do a blog about Romney asking all of his potential VPs to release “several” years of tax returns. Then Ryan coming out and backtracking saying he only released 2 years just like Romney.

Big difference between Ryan and Romney. Ryan has been in Congress for 14 years, so there’s a significant trail of disclosure forms you can use to see the information you’d get from his returns. That’s the same reason that McCain didn’t need to release nearly as many as he did. Romney, on the other hand, has not been in federal office filing those disclosure forms.

USinUK - pro-gay-marriage thug and former Girl Scout

August 13th, 2012
8:29 am

“If it was a snake it would’a bit him…..”

Granny G – there are none so blind …

Recon 0311 2533

August 13th, 2012
8:29 am

It sure isn’t a bag of rocks.

May as well be as there’s no substance to it, only campaign rhetoric. A budget needs to have specifics not generalities.

Butch Cassidy (I)

August 13th, 2012
8:30 am

Seriously, I’m not a fan of either party, but after McCain /Palin and now Romney/Ryan, could the GOP at least pretend like they want to win?

No Artificial Flavors

August 13th, 2012
8:30 am

I’ve learned in life that someone is always going to be richer than me and I am always going to be richer tha someone else. Taxing for equality of total dollars is impossible.

I’m firmly middle class but I am astonished by the hate for the wealthy on this blog. Not all wealth is from ill gotten gains. We should be more worried about routing out crony capitalism in government from any political party.

Doggone/GA

August 13th, 2012
8:30 am

“So, you believe that there is a budget? Maybe you’re confusing continuing resolutions for a budget.”

Nope, I am not. *I* understand the insignificance of not having a budget BECAUSE there has been no decrease in FUNDING.

And all those “the problem is spending” types should REJOICE there’s been no budget, because that FREEZES discretionary SPENDING.

stands for decibels (SfBA)

August 13th, 2012
8:31 am

Just so it’s clear, Kayaker, if Obama were truly the Communist his opponents made him out to be, and he declared martial law and got the military to go along, and he seized the 1%ers assets, yes, we could pay off the debt lickety split.

It’d be a stupid thing to do (he’d just be paying off a bunch of rich people, basically, many of whom would be Americans who’d just be getting back in greenbacks the value of what had been seized in the first place), but it could be done, if that were something the nation actually wanted to do.

and yes, that would constitute “hating the rich.” Anything less that what I described? not so much!

kayaker 71

August 13th, 2012
8:31 am

Estate taxes are a perfect example of government sticking it’s nose into something in which they have have no business doing. What I own and have accumulated over the years does not belong to any government…. it belongs to me and my family. In most instances, I have already paid taxes on my assets and taxing them again prior to my family gaining control is sort of like what the original Tea Party did in Boston a few years back. Ryan’s plan to eliminate estate taxes is the most fair proposal that he has made in some time. We don’t need tax revision. We need to eliminate the present tax code and start all over…… and it should begin with elimination of estate taxes.

Doggone/GA

August 13th, 2012
8:33 am

“I’m firmly middle class but I am astonished by the hate for the wealthy on this blog”

You ought to be, since it doesn’t exist.

mmm, mmm, mmm, Barack the Liar Obama - BEND OVER, Here comes the CHANGE!

August 13th, 2012
8:33 am

Well, not that I believe you, but let’s say for argument sake you are right. 1% of $10 million in taxes is $100,000. paid in taxes. Did YOU pay $100,000 in taxes last year? Flat tax or national sales tax is the FAIR tax, where everybody pays.

Butch Cassidy (I)

August 13th, 2012
8:34 am

You know you’ve made a bad choice, when 4 guys on FOX News sit around and discuss what a bad choice you just made in picking your V.P.

Recon 0311 2533

August 13th, 2012
8:35 am

For example, Bush kept both wars off the “budget”, but money was spent on them anyway. Were you fooled by this?

Just to bring you up to date, Bush isn’t running again for president. It’s about the current presidents performance in office and its been deficient.

Brosephus™

August 13th, 2012
8:35 am

Otherwise, this stands as the perfect illustration of what Ryan, Romney and their fellow Republicans hope to accomplish in office, and what values drive their policy choices.

Their plans, by designed, are formed to increase wealth. They are not designed to boost the economy of the country. They are formed for the purpose of boosting the personal economies of the group that already controls most of the country’s income and wealth. Once the masses realize that, “This sucker could go down!” will become a reality.

No Artificial Flavors

August 13th, 2012
8:36 am

Doggone, you must not read the blog.

bman

August 13th, 2012
8:36 am

Would this plan include us “smaller” folks? If I were to purchase $10,000 (which i earned and paid taxes on) in say Apple stock and was lucky enough to earn a 50% return on that investment over the next year, would I have to pay taxes on that risk?

Butch Cassidy (I)

August 13th, 2012
8:36 am

Recon – “Just to bring you up to date, Bush isn’t running again for president. ”

Freely translated – The previous POTUS was awesome and gets a free pass for not budgeting the wars. The current POTUS sucks, and hasn’t budgeted anything that I approve of.

HoyaLawya

August 13th, 2012
8:38 am

First it was “everyone should pay the same percentage” flat tax, now it is everyone should pay the same dollar amount? Can this get any more ridiculous??

Recon 0311 2533

August 13th, 2012
8:38 am

Kayaker 71@8:31,

Well you know according to Obama, “you didn’t build that”.

Jay

August 13th, 2012
8:38 am

Doggone, to merely note that the Ryan plan would cut the Romney tax bill to almost nothing — while raising taxes on the lowest-earning 30 percent of Americans — is itself an act of brutal hatred against the rich.

Don’t you recognize that?

Butch Cassidy (I)

August 13th, 2012
8:38 am

HoyaLawya – “Can this get any more ridiculous??”

Just watch for the next 3 months.

Granny Godzilla - Union Thugette

August 13th, 2012
8:38 am

Recon

The plan remains, written, with substance and details
….. despite your childish sour grapes.

What exactly are the tax loop holes Romney is going to close?

kayaker 71

August 13th, 2012
8:38 am

Doggone, 8:33,

“it doesn’t exist”……… BWhahahahahahahahahahahahahahahah

Gordon

August 13th, 2012
8:39 am

I’m much more interested in what the long term implications of Ryan’s plan are for the deficit and debt of the United States rather than how it affects the tax returns of people who make more money than I do.

Romney’s tax return has nothing to do with the fact that Medicare as we know it is unsustainable. Obama’s tax plan is to end the Bush tax custs for those making $250,000 and more. From what I understand (and please correct me if I am wrong), that will fund the federal government for 8 days. Since Jay and others favor a “balanced approach”, I take that to mean they want cuts in spending that will fund the federal government for another 8 days.

I sometimes wonder if liberals wouldn’t mind the federal government going bankrupt as long as rich people were paying more taxes. Let’s hear the specifics of the Bookman plan for solving the fiscal disaster we are facing – or are you just going to write about how Mitt Romney doesn’t pay enough tax and Paul Ryan wants to throw granny off a cliff with the occaisional global warming scare column for the next 3 months.

ByteMe - Political thug

August 13th, 2012
8:39 am

Freely translated – The previous POTUS was awesome and gets a free pass for not budgeting the wars. The current POTUS sucks, and hasn’t budgeted anything that I approve of.

Recon: THIS ^^^^

If it wasn’t a problem for you 3 years ago, it shouldn’t suddenly be a problem for you now.

TM

August 13th, 2012
8:39 am

What?? Last week your gang was telling us that Romney paid $0 in taxes for the last ten years. Looks like he is due for a tax increase.

Jay

August 13th, 2012
8:39 am

And while we have had a couple of folks come on here to exclaim that this CANNOT be true, I have yet to see anyone try to explain HOW it isn’t true.

It’s true, people. Deal with it.

Vladimir Illyich Lenin

August 13th, 2012
8:41 am

Romney lied. People died. We don’t need their stinkin tax plan to kill more.

ByteMe - Political thug

August 13th, 2012
8:42 am

Romney’s tax return has nothing to do with the fact that Medicare as we know it is unsustainable.

Quick test: what percent of income is used to fund Medicare? 10%, 20%, 30%?

Try less than 3%.

It’s sustainable with minor tweaks.

Jay

August 13th, 2012
8:42 am

“Romney’s tax return has nothing to do with the fact that Medicare as we know it is unsustainable.”

What an absurd statement. If you slash government revenue from those most able to pay, OF COURSE Medicare becomes unsustainable. Sustainable means a balance of revenue with expenditure. If you sharply reduce revenue, you alter what is sustainable.

No Artificial Flavors

August 13th, 2012
8:43 am

Of course it’s true if your sole source of income is capital gains. For most Americans this will have little effect. This is just a talking point to stoke the passions of us pleabians that pump our own gas.

Doggone/GA

August 13th, 2012
8:43 am

” Flat tax or national sales tax is the FAIR tax, where everybody pays”

The Flat Tax is not a fair tax

Recon 0311 2533

August 13th, 2012
8:44 am

despite your childish sour grapes.

Granny, please enlighten me with the substance and details.

Brosephus™

August 13th, 2012
8:44 am

And while we have had a couple of folks come on here to exclaim that this CANNOT be true, I have yet to see anyone try to explain HOW it isn’t true.

Honestly, how many people here have ever attempted to offer a genuine explanation WHY you’re wrong about anything? If you post something I don’t agree with and I say such to you, then I’ll tell you why. Can’t say the same about others.

Aquagirl

August 13th, 2012
8:44 am

I have already paid taxes on my assets and taxing them again prior to my family gaining control is sort of like what the original Tea Party did in Boston a few years back.

Please, explain how British taxes on goods set by a government with no Colonial representation = THE GUB’MINT WILL ECONOMICALLY RAPE MY CHILDREN.

I’d really like the flowchart on this alleged thought process.

Normal Free...Pro Human Rights Thug...And liking it!

August 13th, 2012
8:45 am

Why won’t the GOP talk about cutting subsidies for Oil, Ag, and Corporations? Along in cuts to the Defense Industry, in just redundants alone, billions of dollars could be saved without taxing the rich or reducing the social safety net for the needy and elderly…

Doggone/GA

August 13th, 2012
8:45 am

” would I have to pay taxes on that risk?”

On the risk? No. On the income? Yes

Brosephus™

August 13th, 2012
8:46 am

Sustainable means a balance of revenue with expenditure. If you sharply reduce revenue, you alter what is sustainable.

And now you get to the gist of why Conservatives are so damned intent on cutting the budget.

gm

August 13th, 2012
8:46 am

You have two rich brinks who refuse to release their taxes, Mitt have made billions off the sweat of the middle class, now wants to gut medicaide, ssi, the money that has been taken out of your checks for years.

If that dont bring the Dem and Indep out in big numbers nothing will”””””

TaxPayer

August 13th, 2012
8:46 am

Not to worry. According to the conned such as That Black Guy, Ryan and Romney would eliminate $49 tax deductions to help offset the millions in tax reductions Romney and company would receive and that would make the cuts neutral.

Paul

August 13th, 2012
8:46 am

It’s been asked before: if reducing taxes increases employment and economic output, let’s just cut the tax rate to zero and watch an economic miracle occur.

Looks like the Republicans finally went for it.

Only question is, how’s Romney going to pay for his $130 billion increase in Defense?

Recon 0311 2533

August 13th, 2012
8:48 am

The left doesn’t like the notion of expanding the tax base. They still cling to this myth that the top 1% or the top 20% can foot the bill for an ever growing percentage of the population in poverty and all of the vote pandering programs designed to keep their puppets in office.