Wouldn't an intelligent person make sure that he didn't pay a lower rate than his secretary? (rating, economic)
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By his bashing of (conservative) people for adhering to the tax code and then using EVERY write-off and loophole that he could is hypocritical.
He should set a good example by doing a simple return and NOT claiming all of the "loopholes".
If you learn a bit about the tax code, you will discover that the major "loophole" for guys like Romney and Buffets is not really a loophole; it's the fact that long-term capital gains tax is at 15%. As long as that stays the case, they will always have a much lower tax rate than working salaried guys like me.
It is true Obama made a point about Buffet, so he should have avoided that.
He is conceited and thinks IMO he is beyond everything.
He is probably among the smallest brains in the White House.
If you learn a bit about the tax code, you will discover that the major "loophole" for guys like Romney and Buffets is not really a loophole; it's the fact that long-term capital gains tax is at 15%. As long as that stays the case, they will always have a much lower tax rate than working salaried guys like me.
But the Capital gains is money invested that was already wage tax that was taxed. So this money most often is money coming up for a second round of being taxed again.
Die and they may take near half from you and your family as well.
The government is a 750 pound fat man and nobody insists he slims down.
Needs at least 60% cut away IMO.
It is true Obama made a point about Buffet, so he should have avoided that.
What possible reason would he have for missing this opportunity to reinforce his point?
It is astounding to me how clueless you guys are. Obama wants it to be known as far and wide as possible that he has a lower effective tax rate than his secretary.
But the Capital gains is money invested that was already wage tax that was taxed. So this money most often is money coming up for a second round of being taxed again.
Die and they may take near half from you and your family as well.
The government is a 750 pound fat man and nobody insists he slims down.
Needs at least 60% cut away IMO.
That's a pretty misleading way to put it when we're talking about personal taxes. There is generally double taxation only in the sense that taxes are collected at corporate level and then again when shareholders are taxed on dividend / capital gains. But it's sure as hell not a personal income double tax for people like Romney and Buffett. They're just paying the 15% before their tax dodges probably lower it even further. Meanwhile, I'm paying closer to that 30% out of my own wages that I live on. How is that fair?
Last edited by ambient; 04-17-2012 at 07:05 PM..
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