In response to:

Hey, Media, a $75K Mechanic Pays a Lower Tax Rate Than Romney

Whitney2011 Wrote: Sep 27, 2012 3:39 PM
What the media is always preaching is PERCENTAGES not dollars paid in. The uneducated and uninformed, and I include most Democrats, should look at the DOLLAR amounts paid in. I am tired of hearing that Romney paid a smaller percentage than his secretary or some such liberal rot. 14% of $50,000 is $7,000. 14% of $15 million is $2.1 million. Tell me how little Romney pays in income tax again??? Obama wants to increase taxes on the rich. Just exactly what will he do with the money? He certainly won't pay down the debt. He will use and waste any new revenue on green projects that are doomed to failure from the outset. What exactly is "clean energy?" Wind, sun and solar I guess.Can't power cars with that.
WalkerHassan Wrote: Sep 27, 2012 3:48 PM
You should realize 2 things:

1. You're not rich and in all likelyhood never will be - Romney's policies aren't for your benefit
2. Top marginal tax rates are almost at their lowest in history - go look up what the top bracket was under Eisenhower
Whitney2011 Wrote: Sep 27, 2012 4:10 PM
How do you know I am not "rich?"
What do Romney's "policies" have to do with this discussion?
Obama's policies aren't for my benefit either.
Obama has made a mess of running the country. Give someone else a chance to do better.
WalkerHassan Wrote: Sep 27, 2012 4:14 PM
Well here's the thing...there are a TON of legitimate things to criticize Obama for, but stopping the freefall the economy was in isn't one of them. We lost 750,000 jobs in one month when Obama took office and that not only stopped, but as of the latest numbers we officially have more jobs now than when he was sworn in:

http://money.cnn.com/2012/09/27/news/economy/obama-job-creation/index.html?hpt=hp_t2
AKFred1 Wrote: Sep 27, 2012 4:14 PM
What is your definition of rich? Here's a little something for you. The guy obama got to help with the new tax code, oh what's his name? Oh yeah "Warren Buffet". Rich is not what this guy is, the one percent are not even in his league. He is going to help with our taxes, he did write a new plan. All the libs jumped for joy, he and obama are great. Well what he forgot to tell you is he owes over 1 billion in back taxes. Try to fathom that number >1,000,000,000.00 now thats a lot of money. How about timothy geithner head of the treasury? He owed more than 124,000 in back taxes it was paid by an undisclosed source, wonder if he paid the taxes on it?
WalkerHassan Wrote: Sep 27, 2012 4:18 PM
Warren Buffet isn't rich, he's wealthy. I would say "Rich" would be an income over $250,000 with at least $200,000 in net worth. Though others with incomes in the $20k-$40k range would say that I am rich, so I suppose it's all relative.

To some, having enough money in the bank to pay all your bills for 6 months is considered wealthy. I get nervous when I don't have that sitting in my account.
AKFred1 Wrote: Sep 27, 2012 4:19 PM
Before you judge romney(of which I am no fan) how much did he give to charity? How much did obama give to charity? If obama is so concerned about tax payers and so the liberal media is also "right"? Why did he just buy a home or should I say castle in Hawaii, cost 31 million? Lets try that number on for size. 31,000,000.00 feels good right. Who do you think is going to pay for that? He is not worth that much. You and I are going to pay for it.
WalkerHassan Wrote: Sep 27, 2012 4:28 PM
AKFred - Romney gave a bunch to the Mormon Church because he's required to through tithing. That money doesn't go to charity, it goes to building big 'ol temples.

Also, Obama isn't buying a home in Hawaii. Weekly World News said he was - but that's just like National Enquirer. A simple Google search will show you that's simply not true.
Whitney2011 Wrote: Sep 27, 2012 4:57 PM
Job loss hasn't stopped. There are still about 20 million unemployed. Many have quit looking so Obama doesn't count those. We don't have more jobs now than when he was sworn in and of the new jobs created most are in the fast food fields at near minimum wage. Lets talk about how much money Obama has spent "creating" jobs and not one new job has materialized using the billions he put into "creating" jobs. If the noney he has spent was actually given to those needing jobs then we could reduce size of governent instead of creating more bureaucracy,
scubasuenc Wrote: Sep 27, 2012 5:41 PM
Walker - and tax revenues are actually larger when marginal tax rates are lower!!!! History proves this. Do we tax so everyone can pay their 'fair share' or do we tax to raise revenue for the federal government to spend?

When you change the tax rates you change the behaviors of the tax payers. This is particularly true of tax payers who can afford to have tax accounts. We have an entire industry in this country devoted to helping people minimize the amount of taxes they pay.
AliveInHim Wrote: Sep 27, 2012 6:59 PM
And there isn't a wealthy man among us who doesn't use those laws to best advantage. The Clintons having some 10 million invested in the Cayman Islands comes to mind...

Some of them even skip paying taxes altogether (Geithner, et al)!
If "journalism malpractice" were a crime, Nancy Grace would not be able to keep track of all the trials.

ABC news reporter Jonathan Karl recently said: "Mitt Romney ... made $13.7 million last year and paid nearly $2 million in taxes. His effective tax rate -- 14.1 percent. That's a lower rate than an auto mechanic who made $75,000 in pay."

Not again.

Back in January, anchor Diane Sawyer teased "Mitt's millions" on ABC's "World News": "What Mitt Romney's taxes really show about wealth, taxes and fairness." Then correspondent David Muir informed viewers: "(Romney's) tax rate? In 2010, about 13.9...