So....yea, Romney's finished. (Paid 14% tax rate on $14 million dollars)

[⠀⠀⠀]

fukk obama. ill die before i vote for that knicker

 

[TheBigBopper]

Lets say it like this. Y'all are cool with Romney paying less taxes than say a comparably paid pro athlete even tho they made the same amount of income???!

Cuz I'm sure ain't takin home $25M of his $30M salary every year.

Yeah, I am actually, because an athlete isn't taking any entrepreneurial risk.

 

[Broke Wave]

It gets worse.


Mitt paid 13% on 21 million dollars in 2010


Does he have any shame?

If anything, this should inspire you all to make passive income and build businesses, because the tax code is structured this way to incentivize risk taking. If we taxed capital gains the same as income, you could forget about Silicon Valley and Wall Street existing.

Instead of whining about Mittdawg being intelligent enough to take advantage of the tax system, you all should be emulating his behavior by saving any discretionary income you have and putting it in the stock market instead of wasting it. Then maybe in 10-20 years you all could accumulate enough investments to live off your returns.

Wall Street loves to attach itself to Silicon valley... its really sad. Silicon Valley has its own major and famous venture capital firms, and the major silicon valley firms are paid in regular income, not carried interest, and they have not destroyed the economy. The idea that Silicon Valley needs Wall Street to exist is utterly laughable.

As far as Mitt being "intelligent enough" to abuse the tax code, abusing something is not intelligence. Putting money in the stock market is NOT what Mitt Romney did, and even then everybody knows that investing your money in Wall Street, especially after 2008, is a game restricted to the wealthy and connected. 95% of capital gains taxes were paid by the wealthiest Americans. The idea that regular Americans should emulate Romney, when they have literally polar circumstances is not based in reality. Should they be born into 9 figures and a politically well connected family too?

 

[Still Benefited]

Lets say it like this. Y'all are cool with Romney paying less taxes than say a comparably paid pro athlete even tho they made the same amount of income???!

Cuz I'm sure ain't takin home $25M of his $30M salary every year.

That's the real crime...When the gawd cries i cry....when his pockets is hurt mine hurt

 

[Sinnerman]

That's the real crime...When the gawd cries i cry....when his pockets is hurt mine hurt

when the gawd is fukking the shyt out of his wife, I'm fukking her too

 

[Rarely-Wrong Liggins]

It gets worse.


Mitt paid 13% on 21 million dollars in 2010


Does he have any shame?




Wall Street loves to attach itself to Silicon valley... its really sad. Silicon Valley has its own major and famous venture capital firms, and the major silicon valley firms are paid in regular income, not carried interest, and they have not destroyed the economy. The idea that Silicon Valley needs Wall Street to exist is utterly laughable.

As far as Mitt being "intelligent enough" to abuse the tax code, abusing something is not intelligence. Putting money in the stock market is NOT what Mitt Romney did, and even then everybody knows that investing your money in Wall Street, especially after 2008, is a game restricted to the wealthy and connected. 95% of capital gains taxes were paid by the wealthiest Americans. The idea that regular Americans should emulate Romney, when they have literally polar circumstances is not based in reality. Should they be born into 9 figures and a politically well connected family too?

The sonnage.

Sent from my SAMSUNG-SGH-I997 using Tapatalk 2

 

[TheBigBopper]

Wall Street loves to attach itself to Silicon valley... its really sad. Silicon Valley has its own major and famous venture capital firms, and the major silicon valley firms are paid in regular income, not carried interest, and they have not destroyed the economy. The idea that Silicon Valley needs Wall Street to exist is utterly laughable.

As far as Mitt being "intelligent enough" to abuse the tax code, abusing something is not intelligence. Putting money in the stock market is NOT what Mitt Romney did, and even then everybody knows that investing your money in Wall Street, especially after 2008, is a game restricted to the wealthy and connected. 95% of capital gains taxes were paid by the wealthiest Americans. The idea that regular Americans should emulate Romney, when they have literally polar circumstances is not based in reality. Should they be born into 9 figures and a politically well connected family too?

I wasn't even referring to VC. I was alluding to the entrepreneurial risk start-ups take on with the hopes of cashing out in an IPO. Believe me, if investments were taxed at the rate of income, there would be less incentive to build these companies and then do capital raises. That would obviously mean fewer jobs and less innovation overall.

And yeah, an extremely liquid market that has recovered more than 100% since the recession and continues to grow sounds like something regular Americans should stay away from :ajcomeon:

And how is what Romney did abuse if it was perfectly legal? Do you expect people to give more money to the government than they need to? The IRS isn't a charity.

 

[Rawtid]

Lol the tax law is fukked up, can't blame Romney for that.

 

[No1]

I wasn't even referring to VC. I was alluding to the entrepreneurial risk start-ups take on with the hopes of cashing out in an IPO. Believe me, if investments were taxed at the rate of income, there would be less incentive to build these companies and then do capital raises. That would obviously mean fewer jobs and less innovation overall.

And yeah, an extremely liquid market that has recovered more than 100% since the recession and continues to grow sounds like something regular Americans should stay away from :ajcomeon:

And how is what Romney did abuse if it was perfectly legal? Do you expect people to give more money to the government than they need to? The IRS isn't a charity.

Something being legal doesn't mean it's moral or principled. The problem is Mitt Romney is campaigning on protecting that status quo which allows him to pay a lower percentage of taxes than middle income Americans. If he was campaigning on doing the opposite then no one would complain. But with Mitt, it just comes off as a guy who wants to be President just for the sake of it and who will protect the interests of the wealthy (his own interests).

The fact of the matter is, in a fair system, middle class Americans should not be paying a higher tax rate than millionaires. If Tom Cruise, Jay-Z, Warren Buffet, etc., can see that bullshyt then I don't get why we should rally behind a guy that doesn't.

But I've seen you post before and I catch your steeze. At first I thought we had common ground (elite educational backgrounds and all that when schooling people on here), but you've admitted that you didn't grow up around people near the bottom, and that you're all about your own benefit. If that's the case, it makes it very iffy for any of us to think that you would endorse any philosophy that wasn't involved with making the most cash by any means possible and regardless of who you shyt on to do it.

Romney hasn't done anything illegal as far as we know, but he is the poster-child for everything that is wrong with the socioeconomic divides in our country, he is the perfect opposition for a time like this in our country's history.

 

[Broke Wave]

I wasn't even referring to VC. I was alluding to the entrepreneurial risk start-ups take on with the hopes of cashing out in an IPO. Believe me, if investments were taxed at the rate of income, there would be less incentive to build these companies and then do capital raises. That would obviously mean fewer jobs and less innovation overall.

And yeah, an extremely liquid market that has recovered more than 100% since the recession and continues to grow sounds like something regular Americans should stay away from :ajcomeon:

And how is what Romney did abuse if it was perfectly legal? Do you expect people to give more money to the government than they need to? The IRS isn't a charity.

Oh yeah... because we wouldn't have Facebook, Google, Cisco, Microsoft, Apple, if it wasn't for the IPO right cmon daddy that ain't right and you know it.

Also, I won't "believe you" that if investments was taxed like income there would be less investing, the greatest investor of all time, Warren Buffet, totally refuted that notion, and tax rates we're MUCH higher for most of the history of the U.S., especially during periods of great economic boom and stability on Wall St.

Market liquidity is not a barometer of future success is this even a serious discussion? Just because you can buy and sell with relative ease doesn't mean you're not gonna get fukked. I'm sure the CDO market was very liquid until Sept 2008.

It is legal but its embarrassing, sometimes IS illegal, and should be illegal in general. After the taxpayers bail you out, you decide that from then on out all your money is going to be held in foreign nations where you will pay no taxes whatsoever.

 

[LezJepzin]

fukk taxes man..


As a sales person if i make 100k and a dentist makes 100k he'll take more home than me because sales people commisioned sales are taxed at 36-42%

Why??? We all should get taxed the same, why do us sales people get taxed so heavy

*makes $6000 in commission*
*sees $3200 of it*

Whats even more fukked up, if our HOURLY (regular taxed 16-21%) check falls on the same pay period as our commission check then we just get taxed 36-42% across the board

You get taxed that much in commission now

When I started at Fry's there were cats earning nearly six figures by selling computers. When I started on as commission sales a year later there, I never got taxed a cent of that . They taxed my hourly (which was around 21-35 hrs a week) only.

They fukked it up after I left though. Taking away the hourly altogether and just taxed your weekly commission

I'm thinking about returning to commission sales by selling cars though so I may have to deal with the same as you

 

[R.E.N. Spells Ren]

The majority of people in certain tax brackets think they have "the worst of it", this isn't unique to Mitt Romney. Ask the poor about taxes, and they think the rich should pay a higher percentage because they can afford it and they get all the breaks. Ask the rich about taxes, and they'll tell you that they pay more in taxes than most Americans earn in a year, and they pay more than their fair share.

What's unique to Romney is the fact that he's running for President of the United States.

He's essentially running against ONE person. And that other person doesn't share his views regarding this subject.

That's why this is news.

So,who are really mad at. Romney for following the law? Or the people who made it?

You all like Republican bashing so much that you don't see that it's both sides fukking you.

Yea you're dense. And you like arguing to argue without reading the other person's point. I clearly said him paying 14% wasn't wrong part.

Both sides are fukking up yet the only guy he's running against stands squarely on the other side of this issue.

 

[Rarely-Wrong Liggins]

It's funny how nikkas are about welfare but at Romney paying that low ass percentage.



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[gangreen]

Because he's making it a point to criticize those who pay little ot no taxes

14.1 percent is not little.

 

[beenz]

Yeah, I am actually, because an athlete isn't taking any entrepreneurial risk.

man, when was the last time u heard one of these rich a$$holes losing their shirt in the market? they ain't taking risk either. they're pretty much getting a guarunteed return on investment.