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FACT Romney Pays 15% You Pay 30%

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posted on Oct, 18 2012 @ 11:05 AM
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Fact: Romney pays 15% I pay 30%


I'm a small business owner.
Very small, like I'm CEO and Janitor.
I pay about 30% in taxes. (28.5)
When I pay my taxes it's a big chunk 
of what my whole year of hard earned 
profit brought. It's a big chunk of my 
net worth.( didn't say I was a great CEO)
But I enjoy being an American,
& as Lee Greenwood put it so realistically, 
"at least" I know I'm free.
So I do my part. 

MY HANDS VS MITT ROMNEY's HANDS

Romney's hands are soft and white as snow.
Unless he's in Mexico.
Because of the way the tax code 
benefits him, his slice of being taxed
is half of what mine is. Most likely less than that.
And, I assure you, that his yearly taxes
are not even a nibble, into what he's worth.

Now,
Remember why it's so important Romney wins?

Well....Because if he doesn't there's a crazy
Muslim infidel whose gonna let loose Martial law.
It says so on his ring. 
Black Panthers will escort your kids
to their indoctrinating Day Cares and Schools.
The Panthers will be using your recently 
conficated guns.

Let's think about that.
Is that plausible? How come 0% of Obama's 
Agenda hasn't happened yet? In four years?

Maybe, it's because Romney, Oil Tycoons
Worldwide Casino owners and Wall Street
Speculators are taxed really really low.
And Obama will change that .


Back to the reason for scaring you.
If you tax Speculators less than people
who work for a living, you move huge amounts
of money through channels that not only 
benefit the Speculators, but promote out sourcing and,
fewer rights with less wages for the American workforce.

And.......they want more.
They want less Unions & less rights for workers.
You know this is true, right? Ask any Wal Mart employee.
GOP law makers call this type of legislation
the "Right to Work".
(of course they do)

Stop helping them.

Again , It's a double cross, the whole darn thing.
Yes, they are that greedy.
www.nytimes.com...




posted on Oct, 18 2012 @ 11:10 AM
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reply to post by sealing
 


What a whiner, try hiring a better accountant, Most wealthy have paid a much higher tax on their intial income, and pay less on their investment income. Municipal bonds are a big source of tax shelters as they are tax free, they fund your city and state projects. I am a business owner, to call yourself a CEO is meaningless.



posted on Oct, 18 2012 @ 11:23 AM
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Fact
Romney pays capital gains tax and its rate is at 15%. capital gains is a tax on money you already have and money you have already paid income tax on. that a total of 45%

you pay income tax and thats at 30%

Being a "CEO" you should already know this....

Fact,
Romney donated close to 4 million dollars last year. Thats 30% of his net income for that year. Do you donate 30% of your net income? Did Obama donate 30% of his income to the poor?
edit on 18-10-2012 by camaro68ss because: (no reason given)



posted on Oct, 18 2012 @ 11:26 AM
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I hear lots of whining op. So by what you are saying Mr. 'CEO' is when you make it big, you want to pay more taxes and out of the other side of your mouth you have a small business and because you haven't grown your business you are paying too much taxes?

I agree taxes should be lowered, buy you can't pick and choose who, as it is right now its unfair, but you want your cake and eat it too.

Taxes should be one rate for everyone.



posted on Oct, 18 2012 @ 11:26 AM
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Romney's low effective tax rate is after quite a lot of charitable deductions. He paid a higher percentage of his income in taxes + charity than Obama did.

Politics is annoying enough without the lies and distortions. If you want to nail the guy you don't like, go after something real next time.



posted on Oct, 18 2012 @ 12:19 PM
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Fact: I made six figures last year, and paid NOTHING! Owning your own business is the way to go. Having a fantastic CPA does not hurt either. One can legally avoid most tax if one constantly re-invests in their own business.

Wage slaves get ripped off because they get it right out of your paycheck. Any business owner that pays more than 15% is simply the kind of fool I would not want running my Country.

Oh and I really don't want Romney running my Country...............



posted on Oct, 18 2012 @ 02:44 PM
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reply to post by sealing
 


I'm really sick of people like you. Don't get me wrong, the rich should pay their fair share and it is indeed a fact that the top income bracket has more holes in it than any other.

But that being said.. you're comparing apples and oranges.

For starters, you are paying a business income tax. I'm paying a personal income tax. Romney is paying a Capital Gains and personal income tax.

3 completely different things that CANNOT be compared.

Secondly Romney gives an enormous amount to charity. You can write off 50% of your AGI to charity which will have a huge impact on your taxes. This would lower his taxation quite a bit. It's how many rich folks lower their tax rate. The money is still spent, it still goes to help people, but the Gov doesn't touch it. Hence why nearly anyone worth millions has their own charity or a cause they support.

My advice? Get over your self and get educated on the system.



posted on Oct, 18 2012 @ 02:48 PM
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Fact: cold, heartless, selfish Romney gave 29% of his income to charity in 2011, based upon his tax returns.

www.politico.com...

He's a good man.



posted on Oct, 18 2012 @ 02:55 PM
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Originally posted by Mamatus
Fact: I made six figures last year, and paid NOTHING! Owning your own business is the way to go. Having a fantastic CPA does not hurt either. One can legally avoid most tax if one constantly re-invests in their own business.

Wage slaves get ripped off because they get it right out of your paycheck. Any business owner that pays more than 15% is simply the kind of fool I would not want running my Country.

Oh and I really don't want Romney running my Country...............



But Mitt could run your game though. He may even pay up on some of the "loop holes" you been scaming on.....you know do the right thing.



posted on Oct, 18 2012 @ 03:03 PM
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reply to post by camaro68ss
 




...and to follow-up on that, here is the natural course of events as the historical records prove out, and most of us non-whining people can attest to by living through it. For those not born into wealth the natural timeline of events and conditions go as follows:

Once you are an emancipated young adult and move away from momma's tit, you struggle. Unfortunately, the biological processes and romantic urges usually make it to where you start growing a family during these lean years. You work hard, you put yourself through school, you pay your student loans, you stumble every once in while...juggle things, rob your own peter to pay your own paul, get behind sometimes, take a hit on your credit when things go awry....do without wants for the sake of needs, do without your own needs for the sake of the needs of your children. Continue to work, work hard, get pay increases, get promotions if you earn them, start making more money. Holy cow...I can save just a little back now. Keep saving, Low and behold, I think i can make a down payment on a house I can afford...maybe you never make it to that. Maybe you choose not to do that.

Children get raised, you continue to work...if the president doesn't spend the economy in the toilet (I'm talking about Bush and Obama now) you get to keep your job. And things get easier.

If you're a real risk taker and a savvy business man, over those lean years you start amassing enough money to actually not work anymore. You let your money work for you. You've already paid money on the money making money and the money you do make you re-invest.

Now, what the takers and whiners want is to go from mama's tit to a government tit. They do not want the lean years. They don't want to struggle. They don't want "hard". They want everything easy. So let's take the successful man's capital investment money and let's spend it on Ripple, smokes, free cell phones and all those extras WHILE we pay for your rent, your car insurance, utilities, daycare, give you cash for having your kids and foodstamps so you can eat high-cholesterol/high-carb diets and blimp up to a real unhealthy 300 lbs...but don't worry, we're not going to tax you for your bad behavior that leads to increased medical costs, we're going to give you free insurance to cover your carotids and your bursting vericose veins and diabetes.....the rich dude who earned all that money and could be investing in new capital ventures is going to pay for it.

Don't worry about it. You get to skip growing up now!
edit on 10-18-2012 by Valhall because: (no reason given)



posted on Oct, 18 2012 @ 03:05 PM
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Think about it, if you tax capital at the same rate as labor then capital WILL LEAVE the USA. Your 30% is based on your labor(we have an excess of labor) and his 15% is based on capital...The US Dollar is hurting

You hurt yourself by demanding Capital to pay 30%



posted on Oct, 18 2012 @ 03:07 PM
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I would truely like to believe money doesnt corrupt..and in some instances it doesnt. Bill Gates does a lot for charity, as does Warren Buffett, regardless of their means to accumulate it, they did good things.

The real trouble starts when you mix money and politics



posted on Oct, 18 2012 @ 03:11 PM
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reply to post by Logarock
 


As for loopholes? Charity and re-investment are not loopholes...... Although I do get to write off more than is believable.

In a perfect world there would be zero loopholes and no income tax at all. There would be a retail sales tax on everything. Including the things I need for my business. It is the only thing that is fair. Poor people don't buy much so they pay less.......



posted on Oct, 18 2012 @ 03:31 PM
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He pays 15% because it's not income, it's interest, there's a difference. He paid A LOT more than 15% on his income, when he made income. It's the land of opportunity, start an investment firm and you can reap the same benefits, this is coming from someone who is self-employed.

Obama's plan for the next 4 years: "*crickets*".

Romney's 5 point plan for the next 4 years: "You don't want to hear about it, but at least he has a plan".



posted on Oct, 18 2012 @ 03:39 PM
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I have 2 businesses last year and paid about 3-4%. I don't go anywhere or do anything thats not tax deductable. Disney for 2 weeks spend $200 on a conference room for an hour and have a meeting. Bingo Thank You



posted on Oct, 18 2012 @ 03:41 PM
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Originally posted by GeorgiaGirl
Fact: cold, heartless, selfish Romney gave 29% of his income to charity in 2011, based upon his tax returns.

www.politico.com...

He's a good man.


He's a Chip Douglas, silver spooned elite if you ask me.



posted on Oct, 18 2012 @ 07:40 PM
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I pay about 15% as well and I'm just a normal bloke.

Anyway - what is this supposed to do other than convince me that Obama's tax policies are broken and he needs to leave?



posted on Oct, 18 2012 @ 07:58 PM
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Now you went and done it!

I broke out my tax records from last year.

Took line 38 (adjusted gross income) and divided it by line 72 (total payments) and I got 14.49%. Upper middle class blue collar worker.

Who the heck pays 30% - AFTER THE TAXES FOR THE WHOLE YEAR ARE CALCULATED.

I have no deductions but the standard with the wife and myself.
edit on 18-10-2012 by tkwasny because: Typo fix



posted on Oct, 18 2012 @ 07:58 PM
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reply to post by sealing
 


I am a small business owner as well, 5 employees total, so very small. If you are paying 30% taxes, then you are doing it wrong, get a financial advisor, good accountant, do some research. I have learned these are priceless, learn the ways around it legally. My tax rate is under 11%, legally and I am not rich by any means.


edit on 18-10-2012 by ringing because: (no reason given)



posted on Oct, 18 2012 @ 08:03 PM
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Originally posted by Mamatus
Fact: I made six figures last year, and paid NOTHING! Owning your own business is the way to go. Having a fantastic CPA does not hurt either. One can legally avoid most tax if one constantly re-invests in their own business.

Wage slaves get ripped off because they get it right out of your paycheck. Any business owner that pays more than 15% is simply the kind of fool I would not want running my Country.

Oh and I really don't want Romney running my Country...............


IRS will want to talk with you once the end of the rope for that pyramid scheme of "re-investment" runs out.



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