Romney Fooling America

read this and learn about capital gains taxes.

You need some education on the subject OP

Romney paying more Taxes than 97% of the US

reply to post by beezzer


They also forget where Ira's mutual funds,401k's and other funds are invested where most government, and union pensions are invested.

reply to post by neo96


That's why I keep going bak to accusing those of perpetuating class warfare!

They don't distinguish between payroll and capital gains taxes in order to substantiate their accusations.

reply to post by beezzer


They never will admit there is a difference,and they depend on that as well dogma and the vilification of the rich is their only game plan.

Originally posted by neo96
reply to post by beezzer

 

They never will admit there is a difference,and they depend on that as well dogma and the vilification of the rich is their only game plan.

edit on 26-9-2012 by neo96 because: (no reason given)

Have you seen the cover of Forbes this month???? and the list of the 400 richest people, the top 3 are Democrats.... they are on the cover... its insane... They preach all this crap then Oprah makes billions of dollars, yet Romney is evil for having 200 million stored in a bank somewhere and living off the interest...

Hypocrisy plain and simple

I know exactly what it is I also know people like Romney are taking the money they make from capital gains and re investing it back into making more capital gains to make even more to where there whole argument of if taxes are low people will start businesses are complete BS because it is a racket.
Did you know that?
I also know there capital losses are minimalized by current tax laws. Did you know that?

The whole system is geared to make the rich richer while acting like they are poor.
Romney wants to lower those taxes even more. Trickledown economics.

8.If your capital losses exceed your capital gains, the excess can be deducted on your tax return and used to reduce other income, such as wages, up to an annual limit of $3,000, or $1,500 if you are married filing separately.


9.If your total net capital loss is more than the yearly limit on capital loss deductions, you can carry over the unused part to the next year and treat it as if you incurred it in that next year.

IRS

reply to post by Grimpachi


Can you provide an example where "Trickle Up" economics has ever worked?

Originally posted by beezzer
reply to post by Grimpachi

 

Can you provide an example where "Trickle Up" economics has ever worked?

it doesnt work

poor people dont hire people
only rich people hire people

way of the world.... sad socialists dont get it

Let me ask you this if trickle down works so well then why are we in such bad shape?


How many years have we been trying that plan.

Bush SR called it vodoo economics.

Maybe we just need more tax cuts is that what you are saying?

Maybe this time it will work. Yeah right give me a break.

Originally posted by Grimpachi

8.If your capital losses exceed your capital gains, the excess can be deducted on your tax return and used to reduce other income, such as wages, up to an annual limit of $3,000, or $1,500 if you are married filing separately.


9.If your total net capital loss is more than the yearly limit on capital loss deductions, you can carry over the unused part to the next year and treat it as if you incurred it in that next year.

IRS

Do you really think that helps someone like Romney.... I have a handful of tax clients that have north of $150,000 and a few over $250,000 in carryover losses....you do the math as to how many years they get to take the $3,000 deduction. They will never get to use the full amount in their lifetimes. That part of the tax code is not made for the super rich.

Originally posted by DrNotforhire

Originally posted by beezzer
reply to post by Grimpachi

 

Can you provide an example where "Trickle Up" economics has ever worked?

it doesnt work

poor people dont hire people
only rich people hire people

way of the world.... sad socialists dont get it

Margaret Thatcher once said that if socialists owned a desert, they'd run out of sand.

Trickle up, (to expand a bit) is taking from the rich and giving to the poor. So when you run outof rich folks. . . . er. . . well you get my point.

Originally posted by Grimpachi
Let me ask you this if trickle down works so well then why are we in such bad shape?


How many years have we been trying that plan.

Bush SR called it vodoo economics.

Maybe we just need more tax cuts is that what you are saying?

Maybe this time it will work. Yeah right give me a break.

edit on 26-9-2012 by Grimpachi because: (no reason given)

Let's cut to the chase then. So you think people keeping their own money is a bad thing?

reply to post by pavil


Then wouldn't the answere be to change the tax code to mitigate the losses instead of lowering tax rates to where the national debt is in worse shape.

Originally posted by beezzer

Originally posted by Grimpachi
Let me ask you this if trickle down works so well then why are we in such bad shape?


How many years have we been trying that plan.

Bush SR called it vodoo economics.

Maybe we just need more tax cuts is that what you are saying?

Maybe this time it will work. Yeah right give me a break.

edit on 26-9-2012 by Grimpachi because: (no reason given)

Let's cut to the chase then. So you think people keeping their own money is a bad thing?

No its that Romney is a lying piece of # that will only hurt the economy by lowering the taxes even more and cuting every social net program to pay for his ultra wealthy buddies.

Originally posted by olaru12
But any man that would tie a dog to the top of a car for a 12 hr trip is morally incompetent.

True.

And how the GOP could promote a fool like Romney is astonishing as is your defense of him.

1 - The GOP picking Romney was a huge mistake on their part.

2 - And exactly why is it astonishing that I state FACTS about the tax codes in this country? People here are saying he cheated on his taxes because he didn't pay the 'wages earned' income tax rather than the 'investment income tax'. He's allowed to use the 'investment income tax' rate. So why the hell would he choose to pay a higher rate if he doesn't have to? That's baloney.

Ive shredded Romney on other things, but this doesn't raise to that level.

Originally posted by beezzer
Can you provide an example where "Trickle Up" economics has ever worked?

Obamas economic policy is 'trickle up poverty'.

Originally posted by beezzer
Let's cut to the chase then. So you think people keeping their own money is a bad thing?

Seems a lot of folks think that. :shk: A lot of folks think people OWE the government and that their money isn't really theirs. Legalized theft and slavery to the state ...

Originally posted by Grimpachi
reply to post by pavil

 

Then wouldn't the answere be to change the tax code to mitigate the losses instead of lowering tax rates to where the national debt is in worse shape.

Don't you think they would have done something like that already??? What's your solution to it?

If you get to write off all your losses or at least more than $3,000 you end up paying the IRS zero or perhaps even getting a refund for multiple years. I don't think that's your intent. There's no magic bullet answer, honestly.

They should teach taxes in High School, it would be a class worth a lifetime.

reply to post by Grimpachi

You are comparing apples and oranges.
Wage income earned vs investment income.
They are taxed at different rates for reasons having to do with the economy.
I'm sure there is an economics 101 course available at your local community college.
Give it a try. You might find it interesting.

Originally posted by Grimpachi

Originally posted by beezzer

Originally posted by Grimpachi
Let me ask you this if trickle down works so well then why are we in such bad shape?


How many years have we been trying that plan.

Bush SR called it vodoo economics.

Maybe we just need more tax cuts is that what you are saying?

Maybe this time it will work. Yeah right give me a break.

edit on 26-9-2012 by Grimpachi because: (no reason given)

Let's cut to the chase then. So you think people keeping their own money is a bad thing?

No its that Romney is a lying piece of # that will only hurt the economy by lowering the taxes even more and cuting every social net program to pay for his ultra wealthy buddies.

So you're in favour of raising taxes. Basically creating an environment where people have less of their own money.

Okay.

Originally posted by beezzer


Margaret Thatcher once said that if socialists owned a desert, they'd run out of sand.

Yeah Margaret Thatcher was great for the British economy.

econ.economicshelp.org...
ideas.repec.org...
www.bbc.co.uk...

Talk about letting your ideology get in the way of your common sense.