In response to:

Does the Romney Campaign Need a Reboot?

BuddyChrist Wrote: Aug 10, 2012 4:47 PM
Reposting a response to me from a while ago from Tish6: "Buddy...what world are you in. I am solidly middle class to lower middle class and have NEVER paid more than 10 -15% effective tax rate. I work in a CPA office and prepare tax returns for a living...and I have a few clients that are considered rich and they are paying the 30 and 40% in taxes that you claim that I am. If you are paying 30 to 40% in taxes then may I suggest you pay for a competent tax preparer" (con't)
BuddyChrist Wrote: Aug 10, 2012 4:51 PM
I live in New York City. My effective tax rate is 29.7%. Romney stated that his effective tax rate was about 15%. I understand that NYC is a high tax place, and I also understand that someone who is "solidly....lower middle class" may pay an effective rate of 15%. I make about $375K/year. That is CHUMP change to someone like Romney, although it may seem like a lot. But the fact of the matter is that the average middle class American will not easily accept that someone who made $20MM in a year paid 15% ETR, even if they paid the same. Romney knows this, and this is why he won't release those returns. I'm sure they're perfectly legit and within the law. But they're bad press, and he knows it. He's a victim of legit loopholes for the rich.
MacQ - Texas Wrote: Aug 10, 2012 4:56 PM
What is your effective tax rate on your investment income ?
I'll bet it's about 15%.
BuddyChrist Wrote: Aug 10, 2012 6:06 PM
Yes, capital gains does tend to round off at about that. But that, too, doesn't sit well w/most people. And why should it? Why should a Mitt or a Warren pay less on passive income like that when a factory worker (the three that are left, anyway) pays more for all that sweat?

If you believe in trickle down it makes sense. If you don't, it's a pile of horseshitTttt

The Obama campaign has released a new ad that channels the Senate Majority Leader's tax conspiracy rhetoric.  They don't quite go the full Reid ("ten year tax evader!"), but they're riffing on his basic charge to sow doubts about Romney's tax compliance:


The ad shows footage from a Romney interview with ABC News in which the Republican presidential candidate was asked if he had ever paid a lower tax rate than 13.9 percent. The narrator asks, “Did Romney pay 10...