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Tue Oct 2, 2012, 10:28 PM

Mittens proposes a $17,000 cap on ALL itemized deductions???

Here's the "money" quote, no pun intended:

""As an option you could say everybody's going to get up to a $17,000 deduction. And you could use your charitable deduction, your home mortgage deduction, or others your health care deduction, and you can fill that bucket, if you will, that $17,000 bucket that way." - Mitt Romney

http://www.newsday.com/news/nation/mitt-romney-suggests-cutting-mortgage-interest-deduction-on-eve-of-presidential-debate-1.4066809

11 replies, 1603 views

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Response to reformist2 (Original post)

Tue Oct 2, 2012, 10:34 PM

1. Considering how much he donates to charity...

 

this can't be true. It would mean he would pay more in taxes so that proves this is a lie.

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Response to jenw2 (Reply #1)

Tue Oct 2, 2012, 10:45 PM

8. aw come on jen

you KNOW he's only referring to us poor folk - he and his rich cohorts have all kinds of tax-avoiding schemes not available to us moochers

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Response to jenw2 (Reply #1)

Tue Oct 2, 2012, 10:46 PM

9. Don't forget that he's figured out how to get his earned income to down around $10k or so

So with a $17k deduction we'd end up owing him money, and meanwhile his $200 million are safe offshore.

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Response to reformist2 (Original post)

Tue Oct 2, 2012, 10:36 PM

2. What they are still not talking about!

 

Tomorrow night is the big debate in Denver, and Romney is cited as having talked about his tax policy and specifics, but what has he left out?

What is Obama leaving out?

It's that issue the Green Party candidate, Jill Stein, responded to as reported yesterday by Peter J. Reilly at Forbes.

Jill indicated she thought the give-away to "ministers" (e.g., as much income tax free as they can get others to give them as long as they spend it on housing) was a violation of church and state principles; further indicating she would support the FFRF challenge to that law.

But where do Obama and Romney, the major party candidates whose campaigns have been marked by talk of "God", "taxes" and the "Constitution", stand on the issue.

Will Congress and the next President act to eliminate the offensive law that has been used to allow, for example, "basketball ministers" at private schools like Pepperdine thousands and thousands in tax free income and televangelists millions in tax free income?

Will Romney and Obama even be pressed to speak to this important, public issue.








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Response to reformist2 (Original post)

Tue Oct 2, 2012, 10:38 PM

3. And a chicken in every pot!

Romney really feels for us!

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Response to reformist2 (Original post)

Tue Oct 2, 2012, 10:41 PM

4. Not for rich people silly...

They get a much bigger pot to piss in. After all - they are the job creators...

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Response to reformist2 (Original post)

Tue Oct 2, 2012, 10:41 PM

5. How about your dressage horse deduction??

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Response to reformist2 (Original post)

Tue Oct 2, 2012, 10:42 PM

6. Does this go for Mitt's dancing horse that he doesn't know exists?

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Response to reformist2 (Original post)

Tue Oct 2, 2012, 10:43 PM

7. And if you believe that, perhaps you'll take the Brooklyn Bridge off my hands cheap...

Where's the catch? Reducing capital gains tax to zero? Doesn't apply to business deductions?

Or just ye olde pig in a poke, tax reform vaporware?

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Response to reformist2 (Original post)

Tue Oct 2, 2012, 10:54 PM

10. If Mitt keeps flinging this crap...

...his eyes are going to turn brown.

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Response to reformist2 (Original post)

Tue Oct 2, 2012, 10:59 PM

11. I changed my exclamation points to questions, because if Mitt meant what he said, everybody's taxes


would go up! I bet he retracts/backtracks on this tomorrow...

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