the question of legality has already been covered by the offshore accounts though....
moondog Send a noteboard - 19/09/2012 05:44:28 AM
... I'm kind of curious why he hasn't just released everything. Not doing so suggests that there's something in there that his campaign feels would be more damaging than the unproven perception that he's hiding something. I mean, I dunno, but after all the fuss, why wouldn't he just release them? It's strange enough to make me mildly curious, anyway.
An example of something totally legal and ethical that could get someone into trouble politically would be Obama investing in a Coal Mine or Romney in a Solar Start Up. The left is just fishing, there's always a chance in someone with as much investment as Romney has of some tax error but more there's a chance of a legal action that might be turned into a political issue.
we already know for a fact that romney has offshore tax havens and the fuss about that has been very minimal at best. if the law allows for whatever is in those returns, i'm pretty sure most people are going to just shrug and move on. the fact that it was his own father who began the tradition of releasing multiple years of returns speaks more to me than whether or not he is using legal loopholes to get out of paying taxes. the longer it gets drawn out, the more the conspiracies around them will grow.
look at the birther movement -- obama dragged it out longer than he should have and now we have actual elected officials trying to pretend he can't qualify for the ballot (e.g. -- kansas, arizona). assuming everything is legit and legal, the maelstrom surrounding these mystery returns is going to blow over quite quickly once people go through them. the fact that romney is perceived as trying to hide his personal wealth is just going to feed the rumors more than actually having the returns will.
"The RIAA has shown a certain disregard for the creative people of the industry in their eagerness to protect the revenues of the record companies." -- Frank Zappa
"That's the trouble with political jokes in this country... they get elected!" -- Dave Lippman
"That's the trouble with political jokes in this country... they get elected!" -- Dave Lippman
what does it mean to "pay no federal income tax"?
18/09/2012 06:30:28 PM
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Wrong
18/09/2012 06:37:07 PM
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Additional categories
18/09/2012 06:51:46 PM
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SS income is very much taxed, my friend
18/09/2012 06:59:28 PM
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Is that true?
18/09/2012 06:54:33 PM
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No, it's not. See my post (you should really have read it first ) *NM*
18/09/2012 07:00:07 PM
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Looking at that chart you linked, I have some questions.
18/09/2012 07:05:24 PM
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I think the reasoning is that since they go to entitlement programs, it's not entirely a tax.
18/09/2012 10:55:12 PM
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Does that mean the correct number is that 27.6%?
18/09/2012 07:17:46 PM
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That is correct - some folks have such negative income taxes, it offsets payroll as well.
19/09/2012 05:28:07 AM
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If it helps, here's a graph of effective federal tax rate by quintile, all taxes (data from 2007)
19/09/2012 08:30:37 AM
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While we're talking about taxes, am I the only one who doesn't give a rat's ass about Romney's?
18/09/2012 10:37:12 PM
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That sort of thing does matter to me
18/09/2012 10:48:30 PM
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Ah, yeah, not so much for me.
18/09/2012 11:16:56 PM
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I am a BIT curious whether he took the IRS amnesty for tax dodging in 2009.
18/09/2012 11:32:31 PM
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As an outside observer ...
19/09/2012 01:28:13 AM
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Re: As an outside observer ...
19/09/2012 04:45:11 AM
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the question of legality has already been covered by the offshore accounts though....
19/09/2012 05:44:28 AM
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Eh, those already exist, if people bothered to look
19/09/2012 08:08:35 AM
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Those are toothless examples, no bite to them and old news so no shock value aspect
19/09/2012 08:44:01 AM
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The stat is valid, because of tax credits the GOP created/expanded for the overtaxed middle class.
18/09/2012 11:22:13 PM
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I think you got it wrong:
19/09/2012 01:52:30 AM
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+1 - you are correct, moondog screwed the pooch with this post. *NM*
19/09/2012 05:18:19 AM
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Washington Post similar to Anonymous', but shows how many people get each credit.
19/09/2012 06:45:08 PM
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