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Fri Sep 21, 2012, 09:39 PM

The M. F. paid only 14% in taxes yet he is storing millions offshore!

This makes me mad. We had to pay more than 20% and we earn very little.

This isn't fair.

8 replies, 1093 views

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Reply The M. F. paid only 14% in taxes yet he is storing millions offshore! (Original post)
Rosa Luxemburg Sep 2012 OP
Rosa Luxemburg Sep 2012 #1
dkf Sep 2012 #2
ProSense Sep 2012 #8
BlueStreak Sep 2012 #3
Rosa Luxemburg Sep 2012 #4
BlueStreak Sep 2012 #7
Stinky The Clown Sep 2012 #5
neverforget Sep 2012 #6

Response to Rosa Luxemburg (Original post)

Fri Sep 21, 2012, 09:55 PM

1. I expect people like that Romney only pays 14% in taxes?

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Response to Rosa Luxemburg (Reply #1)

Fri Sep 21, 2012, 10:32 PM

2. It's funny to realize this but the guy is at retirement age (65)

 

So you wouldn't expect someone of his age to pay social security taxes or Medicare taxes.

I'm guessing that is the reason you paid near 20%. Otherwise you are making over $70,000 a year and I wouldn't consider that all that bad.

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Response to dkf (Reply #2)

Sat Sep 22, 2012, 12:08 AM

8. So are the seniors he called moochers. Reality

Mitt is a despicable liar and a tax cheat (until proven otherwise).

Harry Reid Condemns Mitt Romney’s ‘Creative Accounting’
http://www.democraticunderground.com/10021392742

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Response to Rosa Luxemburg (Original post)

Fri Sep 21, 2012, 10:34 PM

3. His actual rate is way below 14%

14% is just on the income he reported. The whole point of the offshore accounts is to shelter money from taxation. That's the only reason to do that. So there's a lot more money on which he paid 0%

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Response to BlueStreak (Reply #3)

Fri Sep 21, 2012, 11:03 PM

4. this fact should be highlighted

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Response to Rosa Luxemburg (Reply #4)

Sat Sep 22, 2012, 12:01 AM

7. Indeed. Taxes are complex so most people are afraid of them. But this is a simple point.

This is the first time in my life (over 5 decades) that I can remember the shroud being lifted up exposing how the 1% operates. They truly have a whole different set of rules for themselves versus what they hold the 99% to. I don't expect everybody to become a tax expert. But we need to be able to make these simple points to our friends and neighbors.

We didn't accomplish everything last year with OWS.

We won't accomplish everything this year with the Obama reelection.

But we cannot turn back. We must educate America. We must stop these plutocrats before they put us all permanently into poverty.

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Response to Rosa Luxemburg (Original post)

Fri Sep 21, 2012, 11:09 PM

5. Don't abbreviate it! "Motherfucker" is a legitimate description of the motherfucker.

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Response to Rosa Luxemburg (Original post)

Fri Sep 21, 2012, 11:18 PM

6. He's so patriotic! He loves America so much that he needs to store it offshore

But it's not to avoid taxes though! It's so his money can be on vacation and enjoy the sun and sand in the Bahamas and the Cayman Islands.

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