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OBOB General Politics Forum A sub forum for OBOB members to discuss politics

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  #1  
Old 3rd February 2012, 11:22 AM
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Democrats Love Taxes--They Just Don't Want to Pay them

Forgive Republican candidate Mitt Romney for his alleged failure to adequately explain why he paid "only" 14 percent of his income in taxes. The honest answer — "Well, because my accountants couldn't figure out how to get them any lower" — does not work in this or very many other election years. Romney seemed flat-footed because, like most business people, he seeks to minimize costs and expenses.Read More »
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  #2  
Old 3rd February 2012, 01:45 PM
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Republicans have proposed eliminating capital gains taxes altogether....

It's one thing to want to pay the taxes you are legally required to pay...

It's entirely another to propose eliminating taxes on all $41 million of it every year.

There is also the issue of how Romney made his money--eliminating jobs, cutting up companies and repackaging them.

Even the success of Staples (years after he left Bain) probably cost the U.S. more jobs than it created, because Staples is the Wal-Mart of office supply stores. We all know what Wal-Mart has done to jobs.

The idea that capital gains should be taxed at a lower rate than ordinary income (an idea which I have admittedly benefited from over the years) is based on the flawed theory that that money is going to "job creation."

Why should income people earn from sitting on their posteriors be taxed at a lower rate than income earned by the sweat of people's brows?

If that happened, then Warren Buffett would be paying the same tax rates as his secretaries, and Mitt Romney would be paying more than his servants and repair people that he is happy to fire (quoting his own words.)
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Old 3rd February 2012, 05:32 PM
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Unless the Republicans begin to change their ways, they will be seen as the party of the rich to the exclusion of the middle class and they will doom themselves to long-term minority status.
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Old 3rd February 2012, 07:40 PM
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Originally Posted by Michie View Post
Democrats love taxes, but just don't want to *pay* them
Yes, I noticed that too. I've also noticed that the wealthiest states are the Democrat controlled states.

Have also noticed that nothing is preventing *anyone* (Dem, Repub, Inde, Conservative, Green, whatever party) from paying more taxes or for *not* taking the legal loopholes and other ways of reducing tax liabilities. Of course, that's not mentioned.
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"There is one true Church, the really ancient Church into which are enrolled those who are righteous according to God's ordinance. In essence, in idea, in origin, in preeminence we say that the ancient Catholic Church is the only Church." - Clement of Alexandria, Stromata

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" Choose life, then, that you and your descendants may live." - Deuteronomy 30:19

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Life Trumps the Economy EVERY TIME!

Last edited by AMDG; 3rd February 2012 at 07:45 PM.
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