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Getbig Main Boards => Politics and Political Issues Board => Topic started by: 240 is Back on August 19, 2012, 12:35:37 AM
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CU professor calls “BS” on Romney’s 13 percent tax rate claim
Source: Fox Denver
“What Romney’s saying is technically true, but it’s misleading,” Victor Fleischer told FOX31 Denver. “The reason it’s misleading is because it’s 13 percent of what?
“Of his taxable income, that may be true. But you can have a lot of economic income that isn’t taxable and Romney has shown himself to be quite sophisticated in keeping his taxable income low even as his economic income remains high.
“He’s got interests in a lot of different investment stocks, and he can basically choose when he wants to recognize income from those funds. So he can use capital losses to offset capital gains and keep his taxable income low.”
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“When you have a wide portfolio of investments, you can have a good year, but still not have a lot of taxable income, as long as you sell some losers as well as some winners,” Fleischer explained to FOX31 Denver. “That appears to be what Romney did in 2009, paid tax on whatever income he had, but it doesn’t mean he paid a lot.”
Read more: http://kdvr.com/2012/08/16/romney-on-taxes-ive-paid-at-least-13-percent/
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I think this may explain why the Obama campaign has dared the Romney campaign to just produce three more years of returns even though five years of return is still far below the norm for a Presidential candidate. Romney may say he paid a 13 percent tax rate, but he is not saying that is his effective tax rate. Also, if he claimed a lot of losses, he might only be paying a tax rate on a nominal amount of reported income, thus rendering his effective tax rate close to zero.
The interesting thing about this story is that it appears on a Fox affiliate station in Colorado.
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If you're going to start throwing around terms like "effective tax rate" - then do truth a courtesy and include the 35% corporate tax rate that profits are taxed at before they reach the investor.
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I don't understand the fuss about this?
Romney probably pays 1000X more $$$ to the government each year than your average citizen.
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I don't understand the fuss about this?
Romney probably pays 1000X more $$$ to the government each year than your average citizen.
180 is trying to avoid discussing the economy, same w the rest of the obamabots.
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Haha, thread #500 about this topic. Meanwhile, over the last month there have been maybe 3-4 posts from these same people on the economy.
How many fucking threads on this topic do we know? If 333 has his stuff merged into one thread then all this tax stuff should be, too.
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I don't understand the fuss about this?
Romney probably pays 1000X more $$$ to the government each year than your average citizen.
actually since the average citizen pays nothing romney pays infintely more in taxes then the average citizen.
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actually since the average citizen pays nothing romney pays infintely more in taxes then the average citizen.
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Yet it's wrong for him to try and save a little bit of HIS money legally?
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actually since the average citizen pays nothing romney pays infintely more in taxes then the average citizen.
you're probably an average citizen so I guess you must pay nothing either
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Yet it's wrong for him to try and save a little bit of HIS money legally?
to many on the left for some reason yea its a horrible thing for someone to try and keep more of their hard earned money, yes
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:)
I'm sure every liberal tells their cpa to make the return out so they pay the most possible.
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Yet it's wrong for him to try and save a little bit of HIS money legally?
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you're probably an average citizen so I guess you must pay nothing either
what does it matter one way or the other?
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what does it matter one way or the other?
you tell me, you're the one that brought it up
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:)
I'm sure every liberal tells their cpa to make the return out so they pay the most possible.
I think you're right. That's why John Kerry parked his yacht in Rhode Island. ::)
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I think you're right. That's why John Kerry parked his yacht in Rhode Island. ::)
and if I recall nobody in the media and certainly nobody on the right criticized him for that.
At least I know that the people who support Romney not releasing his tax returns surely have no problem with Kerry doing that.
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you tell me, you're the one that brought it up
goodness gracious youre a moron, PIP said romney pays 1000x more then the average citizen.
Well the average citizen pays nothing in federal income tax, any positive number is infinitely greater then 0....THATS MATH!!!(wouldnt think you would need to explain that to a finance person)
I was simply pointing out the fact that romney pays infintely more fed taxes then the average citizen, get it now?
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goodness gracious youre a moron, PIP said romney pays 1000x more then the average citizen.
Well the average citizen pays nothing in federal income tax, any positive number is infinitely greater then 0....THATS MATH!!!(wouldnt think you would need to explain that to a finance person)
I was simply pointing out the fact that romney pays infintely more fed taxes then the average citizen, get it now?
Haha, he really is a stupid fuck. That "relevence" line makes a lot more sense.
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goodness gracious youre a moron, PIP said romney pays 1000x more then the average citizen.
Well the average citizen pays nothing in federal income tax, any positive number is infinitely greater then 0....THATS MATH!!!(wouldnt think you would need to explain that to a finance person)
I was simply pointing out the fact that romney pays infintely more fed taxes then the average citizen, get it now?
goodness gracious and heavens to betsy you sound like an old woman
How do you know how much Romney paid in taxes
OMG you mispelled a word
don't you feel ashamed for such an egregious typing error given that you're the self appointed typo editor of this board
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goodness gracious and heavens to betsy you sound like an old woman
How do you know how much Romney paid in taxes
OMG you mispelled a word
don't you feel ashamed for such an egregious typing error given that you're the self appointed typo editor of this board
LOL back to the I have to prove my assertions but the left doesnt game plan eh?
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goodness gracious youre a moron, PIP said romney pays 1000x more then the average citizen.
Well the average citizen pays nothing in federal income tax, any positive number is infinitely greater then 0....THATS MATH!!!(wouldnt think you would need to explain that to a finance person)
I was simply pointing out the fact that romney pays infintely more fed taxes then the average citizen, get it now?
so what Romney pays 1000 times more than the average citizen....thats not the point..is he using illegal or tricky accounting to AVOID paying his fair share???..that the question....if everything is above board why doesn't he just release the stupid tax returns sop we can move on???..even Obama was smart enough to finally realize the birth certificate issue was hurting him and he released it
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LOL back to the I have to prove my assertions but the left doesnt game plan eh?
you don't have to prove anything to me
I totally believe your income is so low that you don't pay any taxes
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so what Romney pays 1000 times more than the average citizen....thats not the point..is he using illegal or tricky accounting to AVOID paying his fair share???..that the question....if everything is above board why doesn't he just release the stupid tax returns sop we can move on???..even Obama was smart enough to finally realize the birth certificate issue was hurting him and he released it
the birth certificate was never hurting obama you idiot, the ppl screaming about that werent going to vote for him anyway...
you dont think that if he was cheating that the IRS would have caught it?
If he is using legal ways of KEEPING AS MUCH OF HIS HARD EARNED MONEY IN HIS POCKET
whats the fucking problem then?
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you don't have to prove anything to me
I totally believe your income is so low that you don't pay any taxes
LOL this melting down youve been doing lately is a new side of you straw.
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If anything illegal was going on the IRS would be crawling up his ass with a microscope. The simple fact is the Dem's want to point and say look he only payed this % in taxes and look how much money he has. Income vs invested capital, it's simple, how else would Soro's secretary pay a higher % in taxes than he does? Income tax is a non issue and a mirage at best.
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If anything illegal was going on the IRS would be crawling up his ass with a microscope. The simple fact is the Dem's want to point and say look he only payed this % in taxes and look how much money he has. Income vs invested capital, it's simple, how else would Soro's secretary pay a higher % in taxes than he does? Income tax is a non issue and a mirage at best.
He said he was audited and I suspect he got caught cheating
btw - It's not just Dems who are talking about his taxes.
Shit, if anything, Repubs appear to be talking about it MORE than Dems
They want to issue to go away rather than being hung around his neck every time he gets in front of a microphone
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so what Romney pays 1000 times more than the average citizen....thats not the point..is he using illegal or tricky accounting to AVOID paying his fair share???..that the question....if everything is above board why doesn't he just release the stupid tax returns sop we can move on???..even Obama was smart enough to finally realize the birth certificate issue was hurting him and he released it
What would his fair share be, omnipotent one?
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He said he was audited and I suspect he got caught cheating
btw - It's not just Dems who are talking about his taxes.
Shit, if anything, Repubs appear to be talking about it MORE than Dems
They want to issue to go away rather than being hung around his neck every time he gets in front of a microphone
Well if the retards in this country actually understood anything about income tax vs capital gains tax...... it would be a non issue. It's just distraction from the real issues this country faces.
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What would his fair share be, omnipotent one?
The term "fair share" is only used by people looking to gain a political advantage, notice that "fair share" is ever actually quantified.
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Well if the retards in this country actually understood anything about income tax vs capital gains tax...... it would be a non issue. It's just distraction from the real issues this country faces.
Romney rate of 13% is no doubt due to him receiving a large portion of his income as dividends and capital gains and I don't think anyone would have an issue with that (one could argue that both of those should be taxed as regular income but that's not Romneys fault)
No one is going to blame Romney for the current tax code and it would make no sense to not release his taxes and take all this heat just because he pays the same tax rate as Warren Buffet
There is something toxic in those returns and it's not that he received dividend income and long term captial gains
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And you know this how?
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the birth certificate was never hurting obama you idiot, the ppl screaming about that werent going to vote for him anyway...
you dont think that if he was cheating that the IRS would have caught it?
If he is using legal ways of KEEPING AS MUCH OF HIS HARD EARNED MONEY IN HIS POCKET
whats the fucking problem then?
you brought up the whole point..if he's using legal ways then release the tax returns and lets move on
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straw do you believe that there is something toxic in obamas college records and the fast and furious records.
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What would his fair share be, omnipotent one?
whatever the government says it is, oh impotent one
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you brought up the whole point..if he's using legal ways then release the tax returns and lets move on
again I DIDNT BRING IT UP...PIP did and I just pointed out romney pays infintely more taxes then the average citizen.
why did you not answer my question andre?
do most presidential candidates have their college records sealed by court order?
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again I DIDNT BRING IT UP...PIP did and I just pointed out romney pays infintely more taxes then the average citizen.
why did you not answer my question andre?
do most presidential candidates have their college records sealed by court order?
I don't know..school me
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I don't know..school me
answer would be no, so if were going off of what is generally done I guess you should be crying for obama to take the court order off his college records then?
wonder why I havent seen any posts from you on this...
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there's no court order on his college records,
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answer would be no, so if were going off of what is generally done I guess you should be crying for obama to take the court order off his college records then?
wonder why I havent seen any posts from you on this...
again because no one cares about school records....everyone cares about what people make
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again because no one cares about school records....everyone cares about what people make
No not everyone does, just those that think they are entitled to what someone else earns
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again because no one cares about school records....everyone cares about what people make
actually Id be more interested in seeing what obamas views where in college, what his thesis was during grad school etc.
but then again thats neither here nor there.
IF YOURE GOING OFF OF WHAT IS GENERALLY DONE, which you seem to want to do(except in the case of obamas college records) then you should be yammering on about him releasing those as well.
So either STFU about romneys taxes or start yelling for obamas college records...
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actually Id be more interested in seeing what obamas views where in college, what his thesis was during grad school etc.
but then again thats neither here nor there.
IF YOURE GOING OFF OF WHAT IS GENERALLY DONE, which you seem to want to do(except in the case of obamas college records) then you should be yammering on about him releasing those as well.
So either STFU about romneys taxes or start yelling for obamas college records...
sigh........obama's college records are not the point.......FOX news isn't talking about that..they are talking about Romney's tax returns
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sigh........obama's college records are not the point.......FOX news isn't talking about that..they are talking about Romney's tax returns
I see, so your logic is that b/c all presidential candidates have released 5 years of tax returns so should romney.
but when its pointed out that all presidential candidates have not had their college records blocked, you say its not about college records.
I see what you did, ::) fuking idiot
piss off moron
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I see, so your logic is that b/c all presidential candidates have released 5 years of tax returns so should romney.
but when its pointed out that all presidential candidates have not had their college records blocked, you say its not about college records.
I see what you did, ::) fuking idiot
piss off moron
well..I was waiting for the insults to arrive once I boxed you into a corner and destroyed you like I always do...carry on
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goodness gracious youre a moron, PIP said romney pays 1000x more then the average citizen.
Well the average citizen pays nothing in federal income tax, any positive number is infinitely greater then 0....THATS MATH!!!(wouldnt think you would need to explain that to a finance person)
I was simply pointing out the fact that romney pays infintely more fed taxes then the average citizen, get it now?
???
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I see, so your logic is that b/c all presidential candidates have released 5 years of tax returns so should romney.
but when its pointed out that all presidential candidates have not had their college records blocked, you say its not about college records.
I see what you did, ::) fuking idiot
piss off moron
what do you talking about, blocked
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what do you talking about, blocked
forgive him...he begins to babble when I destroy him....pay no attention and move on
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well..I was waiting for the insults to arrive once I boxed you into a corner and destroyed you like I always do...carry on
LMFAO boxed me into a corner are you fuking serious?
WOW!!!