Romney Parks Millions in Cayman Islands

Aoxomoxoa said:
Maybe this will help, he is not breaking the law just using avenues to avoid tax available to him because of his vast wealth. The charge is rank hypocrisy not illegality.
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I'm sorry, but what the fuck are you talking about? The IRS prints a book each year with the US Tax Code, along with a host of forms for various taxes, deductions and credits, as well as a table which shows what every American is obligated to pay in taxes. To my knowledge, there is not a separate book and forms for wealthy people! They use the same book, the same tables, the same forms, as every other American. I don't comprehend "avoid tax available to him" ...what does that even mean? Do you mean he avoids paying taxes he is not obligated to pay? Who in the fuck DOESN'T do that??? What is hypocritical about that? Romney has NEVER said that people should be paying taxes they aren't obligated to pay... what kind of idiot would say that? I mean, other than YOU?

Romney pays whatever tax he is supposed to pay, like everyone else. His wealth has nothing to do with his tax rate. He pays 15% instead of 36% on capital gains income, because 15% is what every American pays on capital gains income, regardless of how wealthy they are. He is not "getting away" with something, he's not "cheating" and he's not doing anything illegal or corrupt. He is using the US Tax Code just like you and I, and he is paying the tax rates we all have available to us, he gets no special treatment because of his wealth. There is nothing wrong with this, nothing unethical, it's not even something uncommon or unusual.

Just once, I would like for one of you left-wingers to back up some of your bullshit! Show us where Romney or any other wealthy person is getting special treatment, special tax rates, deductions or credits the rest of us are not entitled to.... anything to show that we have some separate tax code for the rich? Sometimes I wonder if you idiots comprehend what "capital gains" means... do you think, "capital" ...hmm, sounds like "capitalist" and "gains" ...ooo, that's like "ill-gotten gains" so.... put it together and it must be "rich people's ill-gotten gains!" Maybe we should tax it at 100%? Fucking goofballs!
 
The ability to earn income on capital and to live off of capital gains is an avenue that one must have sufficient capital in the first instance to employ. His vast wealth (capital) enables him to earn income (gains) that is taxed at 15% whereas my labor is taxed at a higher rate. This provision of the code benefits the rich overwhelmingly:

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Moreover, it is likely that Romney was actually taxed at the capital gains rate for his labor while at Bain due to loopholes in the tax code that, again, the average person cannot take advantage of.

So, no, Mitt Romney didn't do anything illegal. He benefited from a tax code designed to benefit him and he wants to fight like hell to keep it that way (actually, he wants more tax cuts for people like him) at the expense of poor and lower income people.
 
Dungheap said:
The ability to earn income on capital and to live off of capital gains is an avenue that one must have sufficient capital in the first instance to employ. His vast wealth (capital) enables him to earn income (gains) that is taxed at 15% whereas my labor is taxed at a higher rate. This provision of the code benefits the rich overwhelmingly:

gains1.png


Moreover, it is likely that Romney was actually taxed at the capital gains rate for his labor while at Bain due to loopholes in the tax code that, again, the average person cannot take advantage of.

So, no, Mitt Romney didn't do anything illegal. He benefited from a tax code designed to benefit him and he wants to fight like hell to keep it that way (actually, he wants more tax cuts for people like him) at the expense of poor and lower income people.
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When you state at the expense of the poor and lower income people do you mean that extra tax money could ostensibly be used on government programs for those people?
 
Dungheap said:
The ability to earn income on capital and to live off of capital gains is an avenue that one must have sufficient capital in the first instance to employ. His vast wealth (capital) enables him to earn income (gains) that is taxed at 15% whereas my labor is taxed at a higher rate. This provision of the code benefits the rich overwhelmingly:

Moreover, it is likely that Romney was actually taxed at the capital gains rate for his labor while at Bain due to loopholes in the tax code that, again, the average person cannot take advantage of.

So, no, Mitt Romney didn't do anything illegal. He benefited from a tax code designed to benefit him and he wants to fight like hell to keep it that way (actually, he wants more tax cuts for people like him) at the expense of poor and lower income people
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Biiiiiiitch bitch bitch bitch~ ENVY

The facts are this- Romney KNEW how to become successful in the private sector- He did so. Obama can't lead his way out of a wet paper sack and we are ALL paying for it! NO MORE OBUMLER 2012!
 
icedancer2theend said:
Biiiiiiitch bitch bitch bitch~ ENVY

The facts are this- Romney KNEW how to become successful in the private sector- He did so. Obama can't lead his way out of a wet paper sack and we are ALL paying for it! NO MORE OBUMLER 2012!
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March on, fearless water carrier!


Edit: And if you think that will play well in a general election, just take a look at Romney's unfavorable rating over the past few days.
 
cawacko said:
When you state at the expense of the poor and lower income people do you mean that extra tax money could ostensibly be used on government programs for those people?
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Yes and no. Romney wants to cut taxes on rich people and balance the budget. The only way to do both is to dramatically cut back programs for the poor, disabled and elderly. Romney is actually the least bad among the Republican field, but would nevertheless be the most right-wing nominee since Barry Goldwater.
 
Dungheap said:
March on, fearless water carrier!


Edit: And if you think that will play well in a general election, just take a look at Romney's unfavorable rating over the past few days.
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Well, that's the thing isn't it? I don't believe Mitt is quite the candidate the received wisdom is telling us he is.

I think it's going to be very interesting to see what happens, assuming he is the nominee. I read that his boys are preparing the media for a surprise loss in S Carolina tonight. Could be that even a close win gets spun as a loss if Newt's people can work that. I think the media is with Mitt, but we'll see.
 
Darla said:
Well, that's the thing isn't it? I don't believe Mitt is quite the candidate the received wisdom is telling us he is.

I think it's going to be very interesting to see what happens, assuming he is the nominee. I read that his boys are preparing the media for a surprise loss in S Carolina tonight. Could be that even a close win gets spun as a loss if Newt's people can work that. I think the media is with Mitt, but we'll see.
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Gingrich's favorability ratings are worse among the public at large, but it looks like he's going to win SC. It's going to be interesting.
 
Onceler said:
Again, I must ask what planet you are posting from. "Whittled the amount of money" down? Have you lost it? Did you see how much Obama raised & spent in the last election? Did you see how much was spent on the election in general?
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Sorry, you aren't reading in context again. The amount of money an individual can contribute to a political campaign, was 'whittled down' in McCain-Feingold Campaign Finance Reform. What planet were you on when that happened?

I don't think there is a limit on how much you can raise or spend, I never said there was.
 
Dungheap said:
Yes and no. Romney wants to cut taxes on rich people and balance the budget. The only way to do both is to dramatically cut back programs for the poor, disabled and elderly. Romney is actually the least bad among the Republican field, but would nevertheless be the most right-wing nominee since Barry Goldwater.
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How is he more right than Nixon, Regan or W?
 
Dixie said:
First of all, the people we elect to the presidency tend to be wealthier than average because it takes a lot of money to run for president. Through the years, we've whittled down the amount of money candidates can receive in contributions, so it becomes increasingly important the candidate is wealthy, so they can tap into their personal resources when needed.

.
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But this is what you said, Dix. You said it's important that a candidate is wealthy, so that they can tap into their own money when they need it.

Do you think most Presidential candidates spend significant amounts from their own fortune to finance a campaign?
 
Dungheap said:
March on, fearless water carrier!


Edit: And if you think that will play well in a general election, just take a look at Romney's unfavorable rating over the past few days.
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I will certainly carry the water for the GOP as hard and as fearlessly as you and the liberal media do for the Obumbler and democrats in general- and I can do so with a smile too <3

NO MORE OBUMLER 2012!
 
cawacko said:
Taxes, spending, foreign policy, abortion...
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I don't really feel like getting into all this right now, but if you look at the tax and spend policy proposals of each of those that you mention as candidates as compared to Romney, you will see that Romney wants to cut more taxes and cut more spending than any of them. On other issue, Romney is basically standard right-wing. It's the economic policies that make him the most right wing candidate since Goldwater.
 
Dungheap said:
Name an issue.
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Wow... so essentially you have nothing? YOU stated he was the most right wing. He asked you to describe why you feel Romney is more right wing and you tell him to start naming issues? Surely if you made the statement you can provide a few examples of what makes you believe as you do? Or are you just parroting yet another Dem talking point without knowing why?
 
Dungheap said:
I don't really feel like getting into all this right now, but if you look at the tax and spend policy proposals of each of those that you mention as candidates as compared to Romney, you will see that Romney wants to cut more taxes and cut more spending than any of them. On other issue, Romney is basically standard right-wing. It's the economic policies that make him the most right wing candidate since Goldwater.
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Translation: I don't want to get into this because my masters only gave me that one talking point. They didn't tell me why I was supposed to parrot it.
 
Dungheap said:
I don't really feel like getting into all this right now, but if you look at the tax and spend policy proposals of each of those that you mention as candidates as compared to Romney, you will see that Romney wants to cut more taxes and cut more spending than any of them. On other issue, Romney is basically standard right-wing. It's the economic policies that make him the most right wing candidate since Goldwater.
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Are you comparing what he's claiming he wants to do during the Republican primary to what the others did while they were in office?
 
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