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Author Topic: *One to watch* Romney paid 14.1 percent effective tax rate in 2011  (Read 7473 times)

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Offline Texacon

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #25 on: September 21, 2012, 04:00:55 PM »
Quote from: Karin on September 21, 2012, 03:50:12 PM
Wait a minute.  Can someone please translate this, or is this simply the stupidest post of the day? 

WTF

Grasping

at

straws.

Their wet dream just turned into a nightmare of their own creation.  This is like Christmas!

KC
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Offline Revolution

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #26 on: September 21, 2012, 04:06:16 PM »
Quote from: miskie on September 21, 2012, 03:02:03 PM
I'm fully expecting them to say something like "well, yeah - they paid taxes on what little money they keep in the United States, but there is at least a bazillion dollars in sooper-dooper double probation secret offshore accounts, so - these figures are meaningless, blah-blah-blah."

Nope. They went a different direction.

Quote
Paulie (4,375 posts)

rMoney proves it. The rich can easily absorb higher taxes

A couple million here and there doesn't seem to be a big deal. Especially if you can minipulate it enough to choose your own rate by a percent or two.
http://www.democraticunderground.com/10021392413

 :whatever:
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Offline 98ZJUSMC

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #27 on: September 21, 2012, 04:09:07 PM »
Quote
or reference Obama gave away his nobel peace prize winnings so it sort of puts him in the same category...

Oh, please...... :rotf: :rotf:

and please do cite the reference that..........

*cough*    *cough*

confirms that.
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Liberal thinking is a two-legged stool and magical thinking is one of the legs, the other is a combination of self-loating and misanthropy.  To understand it, you would have to be able to sit on that stool while juggling two elephants, an anvil and a fragmentation grenade, sans pin.

"Accuse others of what you do." - Karl Marx

Offline 98ZJUSMC

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #28 on: September 21, 2012, 04:12:31 PM »
Quote
Their wet dream just turned into a nightmare of their own creation.  This is like Christmas!

If I had to guess, this was the plan all along....


,,,and I'm laughing my ass off. :cheersmate:
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Liberal thinking is a two-legged stool and magical thinking is one of the legs, the other is a combination of self-loating and misanthropy.  To understand it, you would have to be able to sit on that stool while juggling two elephants, an anvil and a fragmentation grenade, sans pin.

"Accuse others of what you do." - Karl Marx

Offline Texacon

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #29 on: September 21, 2012, 04:12:59 PM »
Quote
Paulie (4,375 posts)

rMoney proves it. The rich can easily absorb higher taxes

A couple million here and there doesn't seem to be a big deal. Especially if you can minipulate it enough to choose your own rate by a percent or two.

And instead he had the luxury of spending HIS money where he wanted to spend HIS money.  That evil bastard.

KC
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Offline miskie

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #30 on: September 21, 2012, 04:28:06 PM »
Quote from: Paulie (4,375 posts)

rMoney proves it. The rich can easily absorb higher taxes
 
A couple million here and there doesn't seem to be a big deal. Especially if you can minipulate it enough to choose your own rate by a percent or two.

Ha - Awsome !

So- they have gone from  "RMoney will take every deduction in the book, and that makes him evil !" to "RMoney intentionally forgoes taking every deduction in the book, and that makes him evil !", and so few seem aware of that these notions contradict each other. As I have said before, primitives have no concept of history -only the present. If a belief they held today were to change tomorrow, not only would today's belief no longer exist - in the primitive mind, it never actually existed in the first place.
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Offline Texacon

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #31 on: September 21, 2012, 05:07:33 PM »
Quote from: 98ZJUSMC on September 21, 2012, 04:12:31 PM
If I had to guess, this was the plan all along....


,,,and I'm laughing my ass off. :cheersmate:

Me too!! This is great. I have a lib buddy that has been hammering me IRL about Romneys tax returns. I sent him the link as soon as I found it. He's normally quick to reply to me but so far ... Nothing.

KC
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Offline miskie

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #32 on: September 21, 2012, 05:32:34 PM »
Hey DUmmies !


Love, Miskie.
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Offline miskie

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #33 on: September 21, 2012, 05:40:45 PM »
Followed by :  http://www.democraticunderground.com/10021392930

Quote from:  ProSense (88,644 posts)

Mitt Romney PwC Letter Is Meaningless, Reid Fires Back

Quote

Ryan Grim

Mitt Romney PwC Letter Is Meaningless, Reid Fires Back

<...>

But it is a meaningless figure.

According to the letter from PwC avowing the number, it is based on Romney's adjusted gross income. That means that, for instance, if Romney made investment profit of $20 million, but had losses of, say, $19.9 million, his adjusted gross income would only be $100,000. Paying 20.2 percent of $100,000 would cost Romney just over $20,000.

If Reid's comment is interpreted strictly -- that Romney paid literally $0 in taxes over 10 years -- then the PwC letter undermines that charge. But if Romney paid only a very small amount -- say, $20,000 on $20 million -- it would be hard to award Reid many pinocchios for calling that nothing.

Such a low-payment scenario is considered quite plausible by tax experts, who noted that investors can pick which investments to realize each year to maximize their tax benefit. In a year such as 2008, when the global markets tanked, an investor would likely have more than enough losses to offset gains. Indeed, Romney's 2010 tax returns show a carryover capital loss credit, meaning he had more losses than he could use the year before.

In other words, without seeing Romney's actual return -- or at least without knowing what Romney declared as his adjusted gross income -- it's impossible to know if the rate he paid bears any relation to Romney's economic reality.

- more -

http://www.huffingtonpost.com/2012/09/21/mitt-romney-pwc-letter-reid_n_1904543.html


And who is to say there isn't a zero in one of those years? Also, this still doesn't address the amnesty question.

"The GOP candidate failed to include...Swiss bank account on...personal financial disclosure forms"
http://www.democraticunderground.com/10021205969


I guess ProNonsense is going to be asking for the long form tax returns next....   :rofl:
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Offline BEG

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #34 on: September 21, 2012, 05:50:19 PM »
Quote
According to the letter from PwC avowing the number, it is based on Romney's adjusted gross income. That means that, for instance, if Romney made investment profit of $20 million, but had losses of, say, $19.9 million, his adjusted gross income would only be $100,000. Paying 20.2 percent of $100,000 would cost Romney just over $20,000.

Hey asshole, if you have a LOSS you deduct it from your profits. I dont know anyone who would not deduct investment losses, even Harry Reid, Pelosi and Obama would deduct a loss on their taxes.  You people are idiots.
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Offline franksolich

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #35 on: September 21, 2012, 05:53:27 PM »
Whoa.

According to the latest headline on Drudge, Romney actually paid more than what he owed, voluntarily.

Warren Buffett talks, Mitt Romney walks the walk.
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Offline Skul

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #36 on: September 21, 2012, 05:57:26 PM »
Quote from: miskie on September 21, 2012, 05:40:45 PM
I guess ProNonsense is going to be asking for the long form tax returns next....   :rofl:
Is this close enough? :rotf:
Quote
Response to grasswire (Original post)
Fri Sep 21, 2012, 03:56 PM
 Gold Metal Flake (13,639 posts)
23. Long forms? We are only accepting long form tax returns.

We want the WHOLE truth.
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Offline miskie

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #37 on: September 21, 2012, 06:01:16 PM »
Quote from: Skul on September 21, 2012, 05:57:26 PM
Is this close enough? :rotf:

Yes, I suppose it is  :lmao:
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Offline I_B_Perky

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #38 on: September 21, 2012, 06:24:21 PM »
Lucy done pulled the ball away from the Charlie Brown dummies again.  Hey Dummies?  :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue: :tongue:

Gotta suck to be you.
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Offline miskie

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #39 on: September 21, 2012, 06:41:39 PM »
Quote from: BEG on September 21, 2012, 05:50:19 PM
Hey asshole, if you have a LOSS you deduct it from your profits. I dont know anyone who would not deduct investment losses, even Harry Reid, Pelosi and Obama would deduct a loss on their taxes.  You people are idiots.

All that matters now is showing there is some sort of 'grain of truthiness' in Reid's comment. - Even if it requires making the point that "RMoney" had some years where he didn't earn millions. Of course, this argument undermines their argument that "Romney rakes in tons of profit on the backs of the common man", but that doesn't matter. They will argue both points simultaneously, even though they contradict each other.

Either the Romney's are wealthy, and paid nearly 40% of their income to taxes and donations since 1990 - or the Romney's have lost a bucketload of money, yet still paid an average of 40% over 20 years.

Anyway - 'RMoney' is said to be worth 250 million dollars today. It is also known that Mitt donated all of his dad's fortunes to charity, so all of the money he has, he has earned.

Bain was started in 1984, and I do not know exactly how much money he earned from it between '84 and '90. So, we need to toss some of that 250 million out. The statement from PWC excludes earning after 2009 - So I am going to toss out a generous figure - 50 million, the odds are he earned much less during these years but let's work with it, okay ?

Romney has 200 million dollars in his pocket today, minus any earnings before 1990, and after 2009.

PWC certifies that after 1990, up to 2009, Romney paid out a total of 38.5% of his gross adjusted income in taxes and donations.

This means he must have started off with approximately 325 million dollars, out of which he gave away 125 million.  (Get out your calculator apps dummies - enter 325,000,000 minus 38.5 percent )

See, primitives ? It doesn't matter if he had years when he had big capital losses - if he has 200 million left in his pocket after paying taxes between 1990 and 2009, then he must have paid out and given away 125 million. In reality, he probably gave away more, since I did exclude 20 percent of his net worth for the period before 1990 and after 2009. What a terrible person.  :whatever:

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Offline WinOne4TheGipper

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #40 on: September 21, 2012, 06:48:13 PM »
Quote from: Skul on September 21, 2012, 05:57:26 PM
Is this close enough? :rotf:

Truthers...Birthers...Taxers?
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Offline Kyle Ricky

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #41 on: September 21, 2012, 06:57:11 PM »
Quote from: WinOne4TheGipper on September 21, 2012, 06:48:13 PM
Truthers...Birthers...Taxers?

That is what I was thinking ...
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Offline Ogre

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #42 on: September 21, 2012, 07:58:48 PM »
I wonder how the DUmmies are going to try and spin this.

This out to be better than watching the contortionist at the fair!
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Offline franksolich

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #43 on: September 21, 2012, 08:23:29 PM »
Quote from: Ogre on September 21, 2012, 07:58:48 PM
I wonder how the DUmmies are going to try and spin this.

This out to be better than watching the contortionist at the fair!

Since they're primitives after all, they'll probably spin it backwards.
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apres moi, le deluge

Milo Yiannopoulos "It has been obvious since 2016 that Trump carries an anointing of some kind. My American friends, are you so blind to reason, and deaf to Heaven? Can he do all this, and cannot get a crown? This man is your King. Coronate him, and watch every devil shriek, and every demon howl."

Offline franksolich

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #44 on: September 21, 2012, 08:34:56 PM »
Whoa-ho.

Hordes of lurking primitives reading this thread.

I briefly contemplated putting up a picture of franksolich for a few seconds, but then thought, no, the event's too special, and so I'll save it for election night.

In the meantime, the primitives can kiss Romney's ass.
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apres moi, le deluge

Milo Yiannopoulos "It has been obvious since 2016 that Trump carries an anointing of some kind. My American friends, are you so blind to reason, and deaf to Heaven? Can he do all this, and cannot get a crown? This man is your King. Coronate him, and watch every devil shriek, and every demon howl."

Offline J P Sousa

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #45 on: September 21, 2012, 08:38:57 PM »
Quote
 "Mitt and Ann Romney also donated about $4 million -- about 30 percent of their income -- to charity in 2011, though they only claimed a deduction of about $2.25 million from those donations, according to the campaign.  
Those damn republicans want to donate DIRECTLY to charity rather than pay the federal government 50% middle man fee.

The republicans want to throw the poor federal workers out on the street. Republicans just hate those poor people.

It's down right sneaky how republicans find a way to do things more efficiently.       [/DUmmy]


.
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Offline Kyle Ricky

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #46 on: September 21, 2012, 08:43:58 PM »
Romney only claimed $2.5 million out of the $4 million because it would have made his tax fees lower. He has stated that he will not pay less than what is required of someone in his income bracket. It has consistently payed more than he was supposed to. Name a dem who does that?
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Offline obumazombie

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #47 on: September 21, 2012, 08:59:49 PM »
Another thread that blew up overnight without your's truly getting in an early reply...IASSAAAAAAAAAAAAAA.....................
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Offline J P Sousa

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #48 on: September 21, 2012, 09:01:34 PM »


http://taxfoundation.org/blog/even-14-romney-pays-higher-rate-97-his-fellow-americans

Oh look, 97% Americans pay about 12% income tax, that's lower than Romney's 14.1%.

How did that happen DUmmies ????????

.
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Offline JakeStyle

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Re: *One to watch* Romney paid 14.1 percent effective tax rate in 2011
« Reply #49 on: September 21, 2012, 10:21:32 PM »
Quote
nmbluesky (2,197 posts)                                                                                                                        Fri Sep 21, 2012, 05:53 PM

Are you happy?

Am I? no I am not satisfaction romeny tax release. He releases only in 2011. I want to see his 12 years tax.why he's still refuse.. What does he hide?

 :whatever:  I love this guy, he claims to be a student in his 3rd year at UNM.

http://www.democraticunderground.com/10021392693
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