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In reply to the discussion: Mitt Romney: It's fair I pay a lower tax rate than people making $50,000 [View all]ProSense
(116,464 posts)72. So you're back to that argument?
Really?
Give it up!
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Mitt Romney: It's fair I pay a lower tax rate than people making $50,000 [View all]
ProSense
Sep 2012
OP
Someone should ask Mitt, are capital gains more important than labor? If not, why tax them different
reformist2
Sep 2012
#1
ALL money has already been taxed!!!! When you get it as income, it gets taxed again.
valerief
Sep 2012
#3
that's not technically true, although i certainly agree all income should be taxed the same.
unblock
Sep 2012
#34
The EFFECTIVE corporate tax rate is 12.1; many huge corporations (like GE) pay zero.
SunSeeker
Sep 2012
#27
Romney's capital gains income (the majority of his income) is not subject to payroll taxes.
JDPriestly
Sep 2012
#41
A person making 50,000, in my experience, will have between 28 and 33% of that withheld.
DLnyc
Sep 2012
#9
& 1/3 of those people make less than $10K a year. about 500,000 make over $100K.
HiPointDem
Sep 2012
#51
Not necessarily. If you added Romney's SS & Medicare to the tally, it wouldn't budge the number
dorkulon
Sep 2012
#94
Romney's tax rate would not be that much higher if he added in his payroll and income taxes.
JDPriestly
Sep 2012
#43
If he were subject to payroll taxes, it would not change the percentage of his income that
JDPriestly
Sep 2012
#95
So, include the amount Romney pays in payroll taxes and see how much difference it makes -- none.
JDPriestly
Sep 2012
#53
lol you sure put a lot of effort into this. In your earlier post you did not specify a specific
grantcart
Sep 2012
#89
So why doesn't the same logic apply to labor? Why doesn't it "discourage work" when you tax
Marr
Sep 2012
#11
gee, my income was already taxed when i earned it, so why should i pay sales tax when i spend it?
unblock
Sep 2012
#37
what? capital has already been taxed at the corporate level? can someone explain to me
HiPointDem
Sep 2012
#48
You would think they would have learned with McStain that Americans don't want to hear that bullshit
trouble.smith
Sep 2012
#79