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Romney Pays Less In Tax Than His Secretary

Tyler Durden's picture





 

First Buffet, now Mitt Romney. Via Bloomberg:

  • ROMNEY SAYS HIS EFFECTIVE TAX RATE CLOSER TO 15%
  • ROMNEY SPEAKS TO REPORTERS IN FLORENCE, SOUTH CAROLINA
  • ROMNEY SAYS MUCH OF HIS INCOME COMES FROM INVESTMENTS

Next thing you know he too will offer all Republicans a one for one match on all US sovereign debt repayments, and will demand that all millionaires generously hand over their income. As for us, we quietly wonder whether the account clerks at Zurich banks are sweating already?

 


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Tue, 01/17/2012 - 11:27 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Mittens Rmoney, baby!

Tue, 01/17/2012 - 11:32 | Link to Comment BaBaBouy
BaBaBouy's picture

Used Car Salesman...

 

And the Idiot Simpletons are buyin' it...

If you want a GWBush X 2, then root for him.

 

Tue, 01/17/2012 - 11:37 | Link to Comment Deo vindice
Deo vindice's picture

Sadly, more people are interested in style than substance.

That's why the glib politicians can get a vote.

Critical thinking has largely become relic of societal history.

We are living with the product of what our public education system has produced in the past 60 years.

Tue, 01/17/2012 - 11:43 | Link to Comment JPM Hater001
JPM Hater001's picture

Feel free to reprint with your info and post in every newspaper in America.

Quarters and Dimes have ridges to alert you someone filed the edges and removed the valuable silver from the coin. Ridges protected our money back when our currency was based on silver...and gold. Why continue the ridges when the real money has been completely removed? If you remember the days of sound money you owe it to our youth to reply and tell them how it was we let this happen. Your silence made you complicit...much like the everyday German in 1938.

 

Sadly, after my last letter, many think I am fixed on a conspiracy. I do not need a conspiracy to tell you we have been robbed blind by the banksters. Republican or Democrat, Liberal or Conservative, we are poorer for our effort every day. The government used to protect us from thieves who wanted to steal the value of our money. Today government endorses the practice and debases our currency de’facto through inflation. Today it has no real value long before you earn it. The new “state” quarters are meant to “inspire” pride in our states, but the coin is just a stamped piece of near worthless metal. Even pennies are made of zinc these days.

 

If you have ever held a pre-1964 quarter or dime you know it felt and sounded different. 1964 was the last meaningful year America included silver in its coins. After that, the real value of our money was destroyed.

 

 

Banks do not want sound money. Sound money is the end of their insane profits, and power. Banks clearly have picked who they think will keep this from happening. Look at the top contributors of Mitt Romney:

Goldman Sachs $367,200

Credit Suisse $203,750

Morgan Stanley $199,800

HIG Capital $186,500

Barclays $157,750

Kirkland and Ellis $132,100

Bank of America $126,500

 

Mitt Romney may be able to beat President Obama, who took even more from the banks, but your money will be worthless. As Thomas Jefferson said of a nation with a central bank "...the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."

 

Why Bob? Why do you write such nonsense? Because I care. I care about the children of our city and state, including mine, who will know a much poorer and sadly less free world. It is for them I write these letters. So someday when our children look back and ask, "didn't anyone say anything?" someone will hopefully say, "Yeah, Bob tried to wake us up. We were too busy watching Snookie."

Tue, 01/17/2012 - 11:47 | Link to Comment drivenZ
drivenZ's picture

Not to belittle the fact that campaign finance is embarrassing in this country but Mitt Romney has personal wealth in the 9 figures. He surely doesn't need the paltry 157k Barclays mustered up.  

Tue, 01/17/2012 - 11:53 | Link to Comment redpill
redpill's picture

Just wait.  If he gets the nomination then he can start holding the $30k/plate dinner extravaganzas.  This list is just a down payment.

Romney's effective tax rate should be a wake up call to the folks who claim that eliminating income tax and replacing it with a national sales tax would be a boon for the rich; clearly it would not be.  Which do you think is more: 15% of Romney's "taxable income" or 20% of everything he buys?

The FairTax would fix this.

 

Tue, 01/17/2012 - 12:27 | Link to Comment Hard1
Hard1's picture

If you consider his secretary's additional income from sexual favours that she doesn't report to the IRS, probably they are even.

Tue, 01/17/2012 - 12:48 | Link to Comment tarsubil
tarsubil's picture

I misread the title and thought that was what this article was about. But you have a typo, 'she' should be 'he'.

Tue, 01/17/2012 - 15:40 | Link to Comment Hard1
Hard1's picture

Well I reread what I wrote and I think it's right. She doesn't report the income tha she receives from him.  Maybe he also collect some from this line of business, but it is more common in politics the other way around.

Tue, 01/17/2012 - 15:50 | Link to Comment tarsubil
tarsubil's picture

Hehe, no, his secretary is a man, man!

Tue, 01/17/2012 - 17:28 | Link to Comment smiler03
smiler03's picture

I don't care what anybody says in the nomination race. The only thing that matters is that the disgusting putrid gay community is banished to hell. .

Wed, 01/18/2012 - 00:14 | Link to Comment tarsubil
tarsubil's picture

Nah man. It wouldn't really make a difference to me if Ron Paul were gay. I just like calling shit eating politicians fags is all. Nothing against fags.

Tue, 01/17/2012 - 13:59 | Link to Comment Grinder74
Grinder74's picture

Do you mean Buffet or Romney?  Romney's so stiff I don't think he's had a sexual favor since John Smith found those magical gold tablets.

Tue, 01/17/2012 - 12:01 | Link to Comment francis_sawyer
francis_sawyer's picture

He surely doesn't need the paltry 157k Barclays mustered up

Yeah, but that's not the point... BARCLAY's needs it...

Now do you understand?

Tue, 01/17/2012 - 12:08 | Link to Comment drivenZ
drivenZ's picture

of course, but the dollar sums of the top contributors are meaningless IMO. The real action is behind the scenes with lobbying and private meetings etc. 

Tue, 01/17/2012 - 12:27 | Link to Comment francis_sawyer
francis_sawyer's picture

It's the ticket to the show...

Tue, 01/17/2012 - 12:44 | Link to Comment ebworthen
ebworthen's picture

And?

Tue, 01/17/2012 - 12:06 | Link to Comment Stuck on Zero
Stuck on Zero's picture

Fool.  Don't you know.  Rich people never risk their own money.

Tue, 01/17/2012 - 12:52 | Link to Comment BLOTTO
BLOTTO's picture

Exactly JPM and Deo...

Its hard to fathom but we - society - has been taken over by a satanic cult.

Their comes a point in time when a smart person starts to think hocus-pocus like... that time has now arrived for me.

No other logical explanation is available - therefore, its time to think outside the box.

I dont want to hear about it was because of bad planning, bad votes - bad decisions, bad Presidents, bad timing- bad what fucking ever. Im done with it. Its all perverted lies and manipulations worse than we think. When are more people going to snap out of it? IF ZH is around for another 100years we would still be arguing about surface stuff and same old shit...because nothing would have changed for the better.

We are not progressing - but rather digressing.

"The individual is handicapped by coming face-to-face with a conspiracy so monstrous he cannot believe it exists." J. Edgar Hoover

 

The world is in the malignant grip of a satanic cult.

People recoil at the suggestion but proof stares us in the face every day.

Occult symbols, astrology time table, same sacred geometric symbols over and over and over again...and stilll we are ignorant.

Come on and expand your minds...

REALITY IS THEIR ILLUSION 
                       

 THEIR FICTION IS THE REALITY

Tue, 01/17/2012 - 13:16 | Link to Comment SeverinSlade
SeverinSlade's picture

That's the beauty of it all.  Being hidden in plain sight provides the perfect cover.  The dumb sheeple always say, "Well if it's some secret criminal conspiracy why would they even let us know about it?"  Because they KNOW you're an idiot!  They KNOW you can't think for yourself and build your own beliefs and ideas on TV, movies, radio, etc. ALL OF WHICH ARE CONTROLLED BY THEM!

Tue, 01/17/2012 - 13:23 | Link to Comment Whoa Dammit
Whoa Dammit's picture

7 Things Poor Voters Want Rich Candidates (and Their Rich Supporters) to Know. Really good article from HuffPo:

http://www.huffingtonpost.com/keli-goff/7-things-poor-voters-want_b_1209492.html

1) "If you were born wealthy, you have not earned everything you have through "hard work." The two primary ways someone like me is likely to have the greatest shot at joining Mitt Romney's tax bracket is if I A) win the lottery or B) marry one of Mitt Romney's sons."

Wed, 04/11/2012 - 17:34 | Link to Comment srelf
srelf's picture

The Jefferson quote you have is not from Jefferson. See snopes.com.

He did say, in a letter dated 1816 to John Taylor, “And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”

Tue, 01/17/2012 - 12:37 | Link to Comment James-Morrison
James-Morrison's picture

Mitt is a worthy foil to Obama.

Mitt is not going to become President.  

The powers that be have spoken.   

Tue, 01/17/2012 - 11:43 | Link to Comment Dr. Engali
Dr. Engali's picture

I just read an interesting article in The American Thinker of all places about Romney being GWB 2 and the last Republican president.

 

http://www.americanthinker.com/2012/01/mitt_romney_the_last_republican_president.html

 

I personaly think they are overly optimistic. I don't think he will make it that far. If he is the nominee Obummer will wipe him out.

Tue, 01/17/2012 - 11:52 | Link to Comment Surly Bear
Surly Bear's picture

Actually, BHO is GWB^2 in so many ways, and if you aren't for Ron Paul then you're part of the 'bigger problem.'

Tue, 01/17/2012 - 11:59 | Link to Comment Dr. Engali
Dr. Engali's picture

I agree with part two of your statement but disagree with part one. I think BHO is much worse than GWB based on the fact that BHO is making a blatant power grab and the mainstream media is quicker to cover up for him. Irregardless the are both part of theproblem.

Tue, 01/17/2012 - 12:02 | Link to Comment CvlDobd
CvlDobd's picture

It's just regardless broski.

Tue, 01/17/2012 - 12:05 | Link to Comment Dr. Engali
Dr. Engali's picture

Thank goodness we have grammar nazis to watch over us. 

Tue, 01/17/2012 - 12:11 | Link to Comment CvlDobd
CvlDobd's picture

It's more of a vocabulary issue.

I'm just pointing that out bc if you type that word you most likely use it in day to day operations. It makes the person sound dumb to me when I hear it spoken. It's not like I called you out on comma placement.

Just trying to help.

Tue, 01/17/2012 - 12:21 | Link to Comment Dr. Engali
Dr. Engali's picture

My apologies. Some people are just assholes about grammar and vocabulary issues. It gets under my skin when I am trying to make a quick point and my writing standards don't meet up to somebody elses expectations.

Thanks for the correction.

Tue, 01/17/2012 - 12:43 | Link to Comment CvlDobd
CvlDobd's picture

It's all good.

Tue, 01/17/2012 - 13:38 | Link to Comment IrritableBowels
IrritableBowels's picture

Apparently you don't understand math symbols, either.

Tue, 01/17/2012 - 11:41 | Link to Comment Captain Kink
Captain Kink's picture

If it comes down to Romney v. Obumma, I will vote for Romney.  I would rather the bartender at Bobby V.'s be president, but I would vote for ANYONE over Obumma.  (sigh)  Not that my vote will matter in NY anyway...  until then Ron Paul for President! 

Tue, 01/17/2012 - 11:49 | Link to Comment SeverinSlade
SeverinSlade's picture

Um...how about not being an idiot and simply writing in your vote for Ron Paul?

I'd sooner chop off my own dick than vote for Mittens or Obuma.

Remember, Mittens has been presented by the financial oligarchy as the perfect solution to Obuma (despite being a carbon copy WHITE version of him) just as Obuma was the perfect solution to Dubya.

Tue, 01/17/2012 - 11:59 | Link to Comment Captain Kink
Captain Kink's picture

While I believe in the right to write in RP, (and when I was younger, I probably would too) I think it is important enough to actually have a chance at beating Obumma.  Without the nomination, RP  write in would equate to Ross Perot.  The thought of 4 more years of Obumma makes me almost insane.  I preach RP to everyone that will listen, and I will join his campaign on the ground here in NY.  I have donated to his efforts.  You? 

Tue, 01/17/2012 - 12:08 | Link to Comment SeverinSlade
SeverinSlade's picture

The "voting for the lesser of two evils" idea is EXACTLY what TPTB want.  Mittens will do the EXACT same thing as Obuma.  He will continue shred the Constitution, run massive deficits, all while doing absolutely nothing about the Federal Reserve.

If you vote for Mitt Romney on the premise that "at least he's not Obuma" you're no better than an Obuma supporter.

And yes, I have donated to every Ron Paul repeatedly.  I've also participated in his internet phone calling campaign.  I try and spread the word to everyone I get a chance to talk to.  I've already converted pretty much my entire family (all of which have been life-long Democrats and voted for Obuma in 2008) into Ron Paul supporters by explaining to them how the Constitution applies to our situation today as well as explaining all of the stuff going on in the financial markets (thank you TD and ZH) and how it all applies to our government.

Tue, 01/17/2012 - 12:30 | Link to Comment Captain Kink
Captain Kink's picture

Well, I am very glad to hear that you put your time and effort behind what you preach.  So we differ on what to do with our vote in the event that our man does not get the Repub nod.  Are you familiar with the "America Elects 2012" campaign?  I thiink that is what it is called.  It is a third party ticket, born via the internet, that will be on the ballot.  If RP could get that slot in lieu of the Rpub nomination, we might have a fighting chance as a third party, but only if he is on the ballot.  In the end, I think it would probably get Obumma re-elected..

Tue, 01/17/2012 - 13:04 | Link to Comment SeverinSlade
SeverinSlade's picture

The only question you have to ask yourself is whether or not you're going to stand and resist the evil or join it.

ZH followers and defenders of liberty are of the minority in this world.  We are fighting an uphill battle...That doesn't mean we should just lay down and give up though.

That's how I view voting for Mittens instead of writing in RP.  Like another poster said, "A vote for the lesser of two evils is STILL a vote for evil."

Tue, 01/17/2012 - 13:22 | Link to Comment flattrader
flattrader's picture

There are the lesser of three evils here.

I plan on resisting all three.  I like my government secular.

Ron Paul is nothing but a Christian Reconstructionist Theocratic nutjob.  His core followers have plans for this country.

Ron Paul touts endorsement of pastor who defends death penalty for gays, delinquent children & adultery

http://wthrockmorton.com/2011/12/28/kayserendorsemen/

Ron Paul's campaign welcomes the endorsement of these idiots.  They think he is one of them.  For all anyone knows, he IS one of them.  He's never definitively said anything to the contrary...though apparently he's now trying to hide that. Note that the endorsement of of the Rev. Kayser has now disappeared from Paul's website.

...however, word is getting out--

http://www.thedailybeast.com/articles/2012/01/02/ron-paul-s-christian-re...

 

>>>Though a committed Baptist, Paul writes on his website, “My faith is a deeply private issue to me, and I don’t speak on it in great detail during my speeches because I want to avoid any appearance of exploiting it for political gain.”

Nevertheless, Paul’s support among the country’s most committed theocrats is deep and longstanding, something that’s poorly understood among those who simply see him as a libertarian. That’s why it wasn’t surprising when the Paul campaign touted the endorsement of Phil Kayser, a Nebraska pastor with an Iowa following who calls for the execution of homosexuals. Nor was it shocking to learn that Mike Heath, Paul’s Iowa state director, is a former board chairman of “Americans for Truth About Homosexuality,” which the Southern Poverty Law Center classifies as a hate group. Should Paul win the Iowa caucuses, it will actually be a triumph for a fundamentalist faction that has until now been considered a fringe even on the Christian right.<<<

and

>>>>Ron Paul has long been a favorite politician of Christian Reconstructionists. North was a Paul staffer during the Texas congressman’s first term and has called him the “mahatma of self-government.” As Adele Stan reported on Alternet, in 2008, Howard Phillips, a Christian Reconstructionist who founded the Constitution Party, was the keynote speaker at the rally Paul convened in the shadow of the Republican convention. (That year, Paul endorsed the Constitution Party candidate for president over John McCain.) “The people who I know who are big Ron Paul guys are old school Reconstructionists,” says Paul supporter Brian D. Nolder, the pastor of Christ the Redeemer Church in Pella, Iowa.

It might seem that Paul’s libertarianism is the very opposite of theocracy, but that’s true only if you want to impose theocracy at the federal level. In general, Christian Reconstructionists favor a radically decentralized society, with communities ruled by male religious patriarchs. Freed from the power of the Supreme Court and the federal government, they believe that local governments could adopt official religions and enforce biblical law.<<<

 

Tue, 01/17/2012 - 15:10 | Link to Comment moondog
moondog's picture

Let's look at the authors of the two attack articles...shall we?

Michelle Goldberg from The Beast is married to Matt Ipcar who was Design Director for the Obama-Biden Presidential Transition Team.

Warren Throckmorton is seen as a bit of a kook by his colleagues in the psychiatric profession. Throckmorton’s work to change gays and lesbians into “ex-gays” has been discredited by the likes of the American Psychological Association.

Do you think Ron Paul supports any of these kooks these articles refer to?

Who do you support for president?

Tue, 01/17/2012 - 16:29 | Link to Comment flattrader
flattrader's picture

Let's look at the facts presented in the articles...shall we?

>>>Do you think Ron Paul supports any of these kooks these articles refer to?<<<

Yes.  He supports them, hires them, appears at their meetings, touts their endoresements, etc...all documented by numerous sources...including one of the primary kooks himself--Gary North

Ron Paul's Inaugural Address, Written by His First (and Only) Speechwriter

http://www.garynorth.com/public/8877.cfm

You should get to know your candidate better.

RP has hired Christian Reconsturctionists to work in his congressional office, allowed them to author his newsletters and more recently manage/run his campaign for president.

His campaign touted the endorseement of Kayser and then tried to hide it.  The second article linked below has links to a screenshot of the disappeared endorsement on his official campaign website and the text retrived via Google.

I found this myself--

http://www.ronpaul2012.com/2011/12/27/ron-paul-endorsed-by-eminent-pasto...

Not Found

Sorry, but you are looking for something that isn't here.

So, he can scrub website and hide bhend a "libertarian" facade all he wants.  The internet has a long memory.

 

5 Reasons Progressives Should Treat Ron Paul with Extreme Caution -- 'Cuddly' Libertarian Has Some Very Dark Politics


http://www.alternet.org/teaparty/152192/5_reasons_progressives_should_tr...


Major Ron Paul Supporter Favors Death Penalty for Gays

(and adulterers)

 

http://www.alternet.org/teaparty/153607/major_ron_paul_supporter_favors_...

>>>The campaign issued a press release on Wednesday, lauding Kayser and trumpeting his endorsement, citing "the enlightening statements he makes on how Ron Paul's approach to government is consistent with Christian beliefs." Then came word of Kayser's "Christian belief" in applying the death penalty for gay male sex, and the Paulites got busy scrubbing their press release from the campaign Web site. (The text of the release and a screen shot can be seen on the Web site Outside the Beltway.)<<<

Tue, 01/17/2012 - 17:54 | Link to Comment smiler03
smiler03's picture

I advocate hanging, drawing and quartering of gays to be done in public and to be televised.

I support Ron Paul. Therefore Ron Paul is evil.

/sarc 

edit: I should say that I too am secular but that ever happening in the US is as likely as American Christians being tolerant. 

Tue, 01/17/2012 - 18:43 | Link to Comment flattrader
flattrader's picture

RP is a theocratic nutball.  Don't pretend otherwise.

>>>At the John Birch Society 50th anniversary gala, Ron Paul spoke to another favorite theme of the Reconstructionists and others in the religious right: that of the "remnant" left behind after evil has swept the land. (Gary North's publication is called The Remnant Review.) In a dispatch on Paul's keynote address, The New American, the publication of the John Birch Society, explained, "He claimed that the important role the JBS has played was to nurture that remnant and added, 'The remnant holds the truth together, both the religious truth and the political truth.'"<<<

That's a direct quote in bold.  He speaks their language.  He is one of them.

His religious remnant holds the "political truth" together?  What crap.

I like my government secular and want to keep it that way.

Tue, 01/17/2012 - 20:36 | Link to Comment Thadeous
Thadeous's picture

Stop tap dancing around our request for who you support in this next election. Write a fucking name and not 16 paragraphs.

Tue, 01/17/2012 - 21:46 | Link to Comment flattrader
flattrader's picture

I'll write-in my candidate as none of the lesser of the three evils--the two corporate clones and the third party (soon to be) religious nutcase masquerading as a libertarian--suit me...and it's none of your business.

In the meantime, any damage I can inflict on their separate campaigns will be a pleasure.

Tue, 01/17/2012 - 12:39 | Link to Comment Captain Kink
Captain Kink's picture

And, I spoke to a guy the other day that had a different take on competing PTB:  that "they" are putting up Romney as the guaranteed loser v. Obumma on a split vote over RP, but ensuring that RP is heard and achieves some swelling of his ideas.  this is the plan to allow Obumma to F things up and be present for the grand collapse so that Americans are ready and willing to vote for Rand Paul in 2016.  That it has been about Rand from the beginning.

Tue, 01/17/2012 - 13:20 | Link to Comment SeverinSlade
SeverinSlade's picture

The more logical scenario is RP is being allowed to speak so when the ponzi scheme finally collapses triggering war, massive social unrest, etc. any TRUE American Patriots will be branded as terrorists and blamed for all of the problems.  I mean just take a look at that new Rainbow 6 video game.

That's the hand they're already showing.  Ron Paul gets BOOED for wanting to bring the troops home.  He gets BOOED for advocating peace.  He gets labeled as a "weak isolationist" that wants to cripple our national defense when he wants to bring the troops home to STRENGTHEN our national defense (all while cutting spending).

We are living in the Orwellian nightmare.  This isn't 2012, this is 1984.

Tue, 01/17/2012 - 14:02 | Link to Comment SillySalesmanQu...
SillySalesmanQuestion's picture

+!  Exactly

Tue, 01/17/2012 - 12:06 | Link to Comment LawsofPhysics
LawsofPhysics's picture

So you are in favor of the status quo then? Sorry, integrity means something to me.  Ron Paul, period.  I will sleep at night.

Tue, 01/17/2012 - 12:18 | Link to Comment Captain Kink
Captain Kink's picture

How is it a lack of integrity to vote for another candidate when one's candidate of choice is out of the race (assuming that RP does not get the nomination)? 

And i disagree that Romney and Obumma will do the same things.  I do not subscribe to the grand TPTB theory that has a cabal of rich and powerful as puppet masters deciding everything.  There are at least two major forces fighting for control, otherwise we would already have the NWO/one world govt/one world currency that everyone is preaching and fearing.  If TPTB exists and is as all-powerful as y'all fear, why are they not already and blatantly, overtly running the show? What would they fear from a bunch of sheep? 

No, I tend to think that the people in charge are a bunch of hapless fools (and this is putting it very gently) who are good at marketing, lying and cheating, who have no knowledge of markets, science, economics, etc.  Obumma is one such.  And Romney also, but I thiink he will do things far differently than Obumma.  Tax reform, de-regulation, energy policy...these are all things that matter. 

Tue, 01/17/2012 - 13:12 | Link to Comment SeverinSlade
SeverinSlade's picture

Um...they already ARE running the show.

The Federal Feserve, ECB, EU, IMF, WTO, WHO, UN, NATO, etc. are all branches of the NWO.

The United States, which was founded on the idea of a preservation of God given freedom, has been transformed into a Orwellian control grid.  "National defense" is now defined as premptive war.  Our government "protects" us by taking away the VERY FREEDOMS that AlCIAeda loathes so much. 

As a RP supporter I'm sure you well aware of the blatant propaganda that passes as "news" these days.  If that alone doesn't convince you that TPTB don't exist, I don't know what will.  CNN, MSNBC, FOX news, etc. ALL censor Ron Paul, so it's not a partisan thing.

Come on man, the financial oligarchy have PUBLICLY stated their desire for a global government, singular global currency, etc.

"Some even believe we are a part of a secret cabal working against the best interests of the United States, characterizing my family and me as 'internationalists' and of conspiring with others around the world to build a more integrated global political and economic structure - one world, if you will. If that's the charge, I stand guilty and I am proud of it." - David Rockefeller from his book, David Rockefeller: Memoirs.

"Today, America would be outraged if UN troops entered Los Angeles to restore order. Tomorrow, they will be grateful! This would especially be true if they were told that there were an outside threat from beyond, whether real or promulgated that threatened our very existence. It is then that all peoples of the world will plead to deliver them from this evil. The one thing man fears is the unknown. When presented with this scenario, individual rights will be willingly relinquished for the guarantee of their well-being granted to them by a World Government." - Henry Kissinger, Bilderburg Conference, Evians, France 1991

"We are grateful to the Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years... "It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during those years. But the work is now much more sophisticated and prepared to march towards a world government." "The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto determination practiced in past centuries." - David Rockefeller, Trilateral Commission Founder 1991

Tue, 01/17/2012 - 14:31 | Link to Comment moondog
moondog's picture

+1000

Some people see the forest for the trees.

Tue, 01/17/2012 - 14:12 | Link to Comment Golden Receiver
Golden Receiver's picture

There have been many elections I would have liked a "None of the above" option to appear on the ballot. Make it mandatory on all ballots and the default.

Tue, 01/17/2012 - 12:08 | Link to Comment Stuck on Zero
Stuck on Zero's picture

Voting for the lesser of two evils is a vote for evil.

Tue, 01/17/2012 - 14:03 | Link to Comment NotApplicable
NotApplicable's picture

Logic will get you nowhere in the political world.

Tue, 01/17/2012 - 11:41 | Link to Comment Gully Foyle
Gully Foyle's picture

The funny thing is most people here want to pay the same taxes Romney does and they want to pay those taxes at the expense of someone else.

Oh the sweet sweet irony

Tue, 01/17/2012 - 11:51 | Link to Comment SeverinSlade
SeverinSlade's picture

How about paying 0 percent income taxes like we did prior to 1913?  I'd gladly take that in exchange for eliminating the nanny welfare state and prison planet orwellian control grid.

Tue, 01/17/2012 - 11:57 | Link to Comment Gully Foyle
Gully Foyle's picture

SeverinSlade

"How about paying 0 percent income taxes like we did prior to 1913?"

HELL YEAH! Rescind child labor laws too! Make thise little fuckers sort coal the way they used too.

And we regain the freedom to beat our women, and FUCKING NEGROS WOULD KNOW THEIR PLACE AGAIN!

Yeah bring back the good days!

Tue, 01/17/2012 - 12:05 | Link to Comment Deo vindice
Deo vindice's picture

Not one of your 'points' have anything to do with the laws of a nanny state. Those are all protected under laws of personal rights.

It always helps to engage the mind before the tongue (or fingers on the keyboard).

Tue, 01/17/2012 - 12:52 | Link to Comment dugorama
dugorama's picture

okay, how about these points funded by taxes:

air traffic control

interstate highways

our precious little dept of defense

Center for Disease Control

etc

Tue, 01/17/2012 - 13:27 | Link to Comment SeverinSlade
SeverinSlade's picture

Can't air traffic control be funded by the airlines?

CDC does way more harm than good and serves as a vehicle for big pharma lobbyists.

Interstate highways can be controlled by the States can't they, since each State is dependent on them?

Tue, 01/17/2012 - 13:54 | Link to Comment deepthoughtless
deepthoughtless's picture

I would love to see Montana try to keep up maintenance on it's highways without outside help.

Wed, 01/18/2012 - 04:35 | Link to Comment StychoKiller
StychoKiller's picture

Airlines DO fund air traffic control via landing/gate fees at airports (once Govt gets its cut first!)

Tue, 01/17/2012 - 13:28 | Link to Comment Deo vindice
Deo vindice's picture

You don't need income taxes to pay for air traffic control, highways department of defense or disease control.

There are proper ways to fund such things through 'User-pays', corporate taxes, sales-taxes, etc.

Income taxes have more to do with control of the popluation than with supoort of any government programs.

Tue, 01/17/2012 - 12:08 | Link to Comment francis_sawyer
francis_sawyer's picture

HELL YEAH! Rescind child labor laws too! Make thise little fuckers sort coal the way they used too.

And we regain the freedom to beat our women, and FUCKING NEGROS WOULD KNOW THEIR PLACE AGAIN!

Yeah bring back the good days!

---

We exported all that nusiance to China... Remember? So now we can just get along with printing money for ourselves and keeping out SNAP cards upped... America... FUK YEA!

 

Tue, 01/17/2012 - 12:11 | Link to Comment SeverinSlade
SeverinSlade's picture

As other posters have pointed out, you support child labor laws...Just not for developing or third world countries like China, Vietnam, India, Bangladesh, etc.?

And again as others have posted, your points have absolutely NOTHING to do with the nanny state.  They also have NOTHING to do with the massive deficits being run up thanks to the military industrial complex, Federal Reserve, etc.

Tue, 01/17/2012 - 13:40 | Link to Comment flattrader
flattrader's picture

I wonder how he'd like the Christian Gulag state under Ron Paul's Chrisitian Reconstructionist nutjob followers?

Ron Paul touts endorsement of pastor who defends death penalty for gays, delinquent children & adultery

http://wthrockmorton.com/2011/12/28/kayserendorsemen/

Most Americans don't give a shit about gays or women denied access to abortion, but they will draw the line at the death penalty for fucking the neighbor's wife.

Hard to get a stiffy when you have to worry about public stoning.

BWAHAHAHA!!!

Tue, 01/17/2012 - 12:01 | Link to Comment firstdivision
firstdivision's picture

Sounds nice, til the pesants revolt for their cut handouts.  Révolution française, American style!

Tue, 01/17/2012 - 12:36 | Link to Comment francis_sawyer
francis_sawyer's picture

By the time lazy ass Americans get up off their keisters to revolt & waddle on over to the NY Fed to get their cut, this is what they'll find...

http://4.bp.blogspot.com/-V8OvA46toh8/TVRM5kb_-GI/AAAAAAAABs4/GlP8l_J7lSk/s1600/EmptyVault.jpg

Meanwhile... Somewhere over there in the Mediterranean, on a bunch of scattered islands, a "new civilization" will be forming under the guise of democracy & sound money (backed by gold)...

After about 50 years (after the zombie Apocalypse), someone will return to these shores to preach the "new system" to the huddled masses... Once again, they'll offer paper equity shares in the prosperity & all will be well again...

 

 

Tue, 01/17/2012 - 12:10 | Link to Comment FL_Conservative
FL_Conservative's picture

What right does the guvment have to the money I earn?  If people aren't satisfied with the slice of America that they have, then go fucking earn more on your own and quit stealing from people that do and can.  Another's existence doesn't create a debt obligation on my part.

Tue, 01/17/2012 - 18:02 | Link to Comment smiler03
smiler03's picture

Hell Yeah!

Those poor people who get ill deserve to die if they can't pay for their own medical expenses. Fucking parasites bring it on themselves anyway.

 

Tue, 01/17/2012 - 12:18 | Link to Comment Dick Gazinia
Dick Gazinia's picture

While I am of the opinion that Mitt is a monkey fucker of the first order, a quick reality check about his taxes.

All of it comes from investments and is taxed as capital gains (15%).  He wasn't flipping burgers and paying income tax which is a whole different animal (38%).

So does everybody think that capital gains tax should be raised?  What a brilliant strategy to promote investment in this country. 

Don't be such suckers for the class warfare gambit.  It makes Barry's day.

Tue, 01/17/2012 - 12:40 | Link to Comment catacl1sm
catacl1sm's picture

Why not seperate investment income from personal income. Investment account can ONLY be used for investments (via stocks and shit) and is taxed at 15%. Any funds transfered from the investment account to a personal account (to live on and shit) is taxed at the appropriate income tax rate. There, fucking problem solved, bitchez.

Tue, 01/17/2012 - 12:54 | Link to Comment 5880
5880's picture

Investment Income has risk of capital

Secretaries don't risk capital

Tue, 01/17/2012 - 14:34 | Link to Comment MachoMan
MachoMan's picture

I would offer an alternative (and I'm not the first to do so), that you treat the first X amount of investment income as 15% capital gains and then everything above that is taxed at the highest marginal ordinary income rate.  ALL income is considered, regardless of source or which account it is deposited into...

Part of the changes to the tax code in regard to partnership taxation were to avoid "entities" that were merely wealth storage vehicles used to decrease the level of taxation.  In other words, if the income of an "investment account" is taxed at a marginal rate of 15%, then the effective tax rate of all income coming from the account (withdrawn) will practically be the same (in that you can delay withdrawal indefinitely, thus being taxed at a much, much later date, with TVM in mind).

The bigger/broader picture is that we have to address the notion of making money while you sleep...  i.e. from passive activities...  and whether we truly value that in society as well as whether it really incentivizes production and, if so, to what degree.

It also seems to me that the issue of impact to "capital formation" in our present political environment is a moot point... 

Tue, 01/17/2012 - 15:28 | Link to Comment 5880
5880's picture

So this encourages people to make money, but not too much.

I don't see what's wrong with Buffet buying a pinball machine (capital investment) and then reinvesting the income to other capital investments. He now wants to close the door behind him. But lets look at where his wealth will go after death, to programs of his choice. If the Gov just taxes more then his wealth goes to gov employee decision level.

 

If everyone agrees that we:

1. We can't keep increasing our debt

2. Gov is at 37% of GDP instead of the ~25% norm

then the conclusion is less spending, not higher taxation

Wed, 01/18/2012 - 14:56 | Link to Comment MachoMan
MachoMan's picture

I agree, but that's a cop out...  the question is what do we do with the presumption of a similar tax burden to the present?

One of the remedial measures moving forward will almost certainly be to keep any institution from becoming systemically important...  this will probably include capping market share, which in turn will cap revenues...  and likely profitability.  These are simply the reality of our present predicament.

So, yes, the concept of much less taxes and a smaller central government is a good idea...  but I'm not sure it has anything to do with reality...  it's much more difficult to try and fix the system as it lies rather than how it conceptually should lie.

Tue, 01/17/2012 - 11:28 | Link to Comment Everybodys All ...
Everybodys All American's picture

Why be surprised? He is unemployed. What you want to look for is if he is on the SNAP program.

Tue, 01/17/2012 - 11:28 | Link to Comment GMadScientist
GMadScientist's picture

Frankly, I don't know what you little people are complaining about...start your own private equity fund! <snort> <tink>

Tue, 01/17/2012 - 11:40 | Link to Comment Kayman
Kayman's picture

GMadScientist

start your own private equity fund!

Prerequisites:

1. Direct or indirect connections to the Feds free money.

2. An IQ above 6.  It takes 5 to bark

Have a nice day.

Tue, 01/17/2012 - 11:29 | Link to Comment alexwest
alexwest's picture

paying taxes is for chumps... its soooooo 20 century thing..

bullish

alx

Tue, 01/17/2012 - 11:29 | Link to Comment blindfaith
blindfaith's picture

Does anyone think Clear Channel will report this?  HA HA HA

Tue, 01/17/2012 - 11:28 | Link to Comment dwdollar
dwdollar's picture

Surprise, surprise...

Tue, 01/17/2012 - 11:41 | Link to Comment orangedrinkandchips
orangedrinkandchips's picture

DW,

 

you forgot one surprise....lol...

 

http://www.youtube.com/watch?v=J6_1Pw1xm9U

 

classic

Tue, 01/17/2012 - 11:29 | Link to Comment bigdumbnugly
bigdumbnugly's picture

maybe his secretary does double duty - him being a mormon and all.

that might kick her up a tax bracket or two...

Tue, 01/17/2012 - 11:29 | Link to Comment UGrev
UGrev's picture

How many clowns are there in this car?

Tue, 01/17/2012 - 11:32 | Link to Comment dwdollar
dwdollar's picture

Whatever number it takes to confuse the people into submission.

Tue, 01/17/2012 - 11:30 | Link to Comment lizzy36
lizzy36's picture

It is awesome, the american tax code, fiscal and monetary policy are sooo supportive of poor capital allocation. 

Can hardly wait until Corporate tax rate and rate paid on capital gains is ZERO. The us will be a much better place then. Cause tent cities are positive, right?

Tue, 01/17/2012 - 11:37 | Link to Comment Tyler Durden
Tyler Durden's picture

Why collect taxes when you can print money?

Tue, 01/17/2012 - 11:41 | Link to Comment bigdumbnugly
bigdumbnugly's picture

because there's no evil pleasure in simply printing when you can get that diabolical high from actually wresting other people's earnings away?

i don't know, just throwing it out there...

Tue, 01/17/2012 - 14:19 | Link to Comment NotApplicable
NotApplicable's picture

"Power is the ultimate aphrodisiac."

Tue, 01/17/2012 - 11:42 | Link to Comment Everybodys All ...
Everybodys All American's picture

Printing money is in fact a tax if the government would count the resulting inflation.

Tue, 01/17/2012 - 11:42 | Link to Comment Captain Kink
Captain Kink's picture

Why worry about GDP when you can print GDP?

Tue, 01/17/2012 - 11:42 | Link to Comment SeverinSlade
SeverinSlade's picture

The inflation tax is the best tax of all, because it's hidden in plain view and TPTB can blame the economic woes of the middle and lower classes on some "hidden" force (ahem currency devaluation). 

Tue, 01/17/2012 - 11:46 | Link to Comment Gully Foyle
Gully Foyle's picture

Tyler Durden

"Why collect taxes when you can print money?"

A few years ago, maybe ten or fifteen, Paul Harvey had a story about some rich PA industrialist. This guy decided to leave all his money in a trust overseen by some church, Lutherans I think.

His idea was his money would build enough interest to pay off the national debt. He actually wanted to help his fellow Americans. A true patriot.

As I said this was a few years ago so his Math made sense.

After he died and after a long court battle the Church won control of his legacy and no more plan to pay off the debt to benefit we peons.

 

Tue, 01/17/2012 - 13:46 | Link to Comment DaveyJones
DaveyJones's picture

God's GDP is bigger 

what's 6 percent on infinity?

Tue, 01/17/2012 - 11:51 | Link to Comment Waterfallsparkles
Waterfallsparkles's picture

Excellent point Tyler.  The printing of Money is a Tax on everyone.  It is probably the fairest way to allocate Taxes on everyone.  As the more they print the lower the value of the Dollar in everyones pocket.  Plus with inflaiton you are then again taxed more in the form of Sales Taxes, Property Taxes, Gasoline Taxes, etc.  It is also a form of usage Tax where you pay according to how much you spend.

Tue, 01/17/2012 - 11:57 | Link to Comment bigdumbnugly
bigdumbnugly's picture

fair?  you wanna talk about fair? fair?  (said like jim mora).

rising commodity prices and property taxes are hardly fair.  any more of that and i'm siphoning gas from volvos again.

the rich can absorb rising prices and not have it effect their lifestyles very much.  the same can't be said for the working stiff joe six pack types.

 

Tue, 01/17/2012 - 12:21 | Link to Comment Waterfallsparkles
Waterfallsparkles's picture

I especially do not think that Property Taxes are fair.  Especially, when some are Taxed less that others for the same value.  The Homestead Credit gives some an unfair advantage over other Property Owners.  Which I do believe is un Constitutional but no one has challanged it.

I often think about Scarlett O'Hara in Gone With The Wind.  When after years and years came back to Tara.  Which was still there.  Mostly because there were no Property Taxes at the time.  Otherwise the Family would have lost it to Property Taxes long before she had the chance to come home.

Tue, 01/17/2012 - 12:08 | Link to Comment ebworthen
ebworthen's picture

That's what a flat tax and sound money are for.

Inflation always punishes the least able to withstand it the most.

FED's second mandate (1. create bubble, 2. pop bubble) requires inflation.

As soon as everyone's savings are wiped out, FED will induce inflation and say that 9% rates are "good for savers".

Tue, 01/17/2012 - 13:47 | Link to Comment DaveyJones
DaveyJones's picture

I never knew sneaky and fair were synonyms

Tue, 01/17/2012 - 14:21 | Link to Comment NotApplicable
NotApplicable's picture

FAIR* is actually an acronym, so it isn't obvious.

 

*Fuck All, Ignoring Reason

Tue, 01/17/2012 - 19:55 | Link to Comment DaveyJones
DaveyJones's picture

I thought it stood for Federal Actuaries Implicate Recovery

Tue, 01/17/2012 - 11:52 | Link to Comment BLOTTO
BLOTTO's picture

Thats what i say.

They dont need our money - they can print that off to the nth^ degree.

They want and need our energy. Humans are energy = slaves

Welcome to the real world.

 

Tue, 01/17/2012 - 12:12 | Link to Comment pods
pods's picture

Easy there coppertop!

pods

Tue, 01/17/2012 - 11:56 | Link to Comment lizzy36
lizzy36's picture

Good question.

Looking forward to when they ask it in next GOP debate.

Tue, 01/17/2012 - 11:59 | Link to Comment wisefool
wisefool's picture

It is always about control. Keynes said as much. Which is why he would be rolling over in his grave if he saw the current combination of the "USAa" fiscal policy and "his" monetary policy attributed to his school of econmics. 

You'd think Krugman, if sincere, would have mentioned this atleast once in the last few years of his spotlight.

Instead, as mentioned in the debate last night: http://foxnewsinsider.com/2012/01/17/transcript-fox-news-channel-wall-street-journal-debate-in-south-carolina/

 

ROMNEY: I would like 25 percent, but right now it’s at 35, so people better pay what is legally required. But ultimately let’s get it down to as low as we possibly can, if it’s 20, if it’s 25 but paying more than 25 percent, I think, is taking too much out of our pockets.
BAIER: So the highest you had was 35?
ROMNEY: Well, that’s what the law is right now, but 25 is where I would like to see us go.

If this type of person ends up as the republican nominee then we might as well keep Timmy Geithner, as SEC-TRES to keep Romney from going full retard. Romney has both a J.D. and an MBA which is the FBI profile of a financial terrorist. In the old days, they called these type people slave owners.

Tue, 01/17/2012 - 12:00 | Link to Comment agent default
agent default's picture

Because taxes are not only about collecting money, they are a convenient excuse for government to invade every aspect of your life.

Tue, 01/17/2012 - 12:09 | Link to Comment firstdivision
firstdivision's picture

Because, reverse Robin Hooding, is more fun than beating up homeless people.

Tue, 01/17/2012 - 12:05 | Link to Comment Waterfallsparkles
Waterfallsparkles's picture

Income Taxes remind me of the Feudal Lords that would rent you land in exchange for Baskets of Wheat, Corn or a percentage of you Harvest.  Americans are like Share Croppers without any land to manage but still have to give a portion of their earnings to their Lord the Government for the privilege of living on American soil.

Tue, 01/17/2012 - 12:24 | Link to Comment wisefool
wisefool's picture

It is worse than that. It is closer to the times near the fall of rome, and ironically how taxes are currently collected in many of the PIIGS countries.

The tax collector would enter the home. Assay what was visible. Demand a large portion of what items where hidden. Then take a lesser but still signifigant portion of those items, and ALL of the purposefully availed things to make the pleb think the state respected their efforts.

Every case was personalized, with rampant corruption. Much like the current US tax code.

But you are right in some simliarities to fuedalism, the current US tax code makes sure that 51% of people do not pay taxes to support foriegn wars, or like the audience of the SC debate last night, are peasants whose livelihood depends on foriegn wars.

There really is no better way to design a warmongering tyranny than what is the two party system in the USA that George Washington predicted.

Tue, 01/17/2012 - 13:04 | Link to Comment karzai_luver
karzai_luver's picture

Awesome post sir!

shock and ahhhh to the "patriots" who  cream over their left/right party hacksterism.

 

Tue, 01/17/2012 - 13:19 | Link to Comment wisefool
wisefool's picture

I admit that I am a Ron Paul supporter and biased by that. But last nights debate in S.C. was very disturbing. Not just the Romney slaver stuff, but Ron Paul was booed when he said we should treat soveriegn nations the same way we would like to be treated.

I do think we need a strong defense, including transit in international waters and ports that grant entry. Sometimes this does mean foriegn engagements and some presence. But if 51% of people paid taxes to support the wars, much less the deficits, the classical concept of war weariness would limit the excessive death and suffering in the world. With or without the dormant constitutional limits in the USA.

Tue, 01/17/2012 - 12:14 | Link to Comment francis_sawyer
francis_sawyer's picture

Why collect taxes when you can print money?

So you can EVENTUALLY have the need to print even more (& buy up physical gold with it & store it in underground vaults at your family compounds on every continent)...

Tue, 01/17/2012 - 12:58 | Link to Comment Lord Blankcheck
Lord Blankcheck's picture

To pay for the interest on the printed money.

Tue, 01/17/2012 - 15:00 | Link to Comment UGrev
UGrev's picture

When you can do both, not only can you print as much as you want, but you get to offer the illusion to a person that he is getting paid and at the same time get N% of it back; which equates to free-range illusion + N% return on investment. THEN, you get to pack that N% away for WAR baby!

Tue, 01/17/2012 - 11:53 | Link to Comment xcehn
xcehn's picture

Compared to paying taxes, gated communities, high security, militarised police, and tent cities are indeed preferable to the minds of the yachting set.

Tue, 01/17/2012 - 11:30 | Link to Comment drivenZ
drivenZ's picture

that's the beauty of long term capital gains. Poor people shouldn't be complaining, they're taxed at 0% on LTCG. Disregard the fact that poor people generally don't have investments. Doesnt matter. Poor people.... get some investments and stop complaining. 

Tue, 01/17/2012 - 11:44 | Link to Comment SilverDOG
SilverDOG's picture

"Poor people" often are self-employed business owners.

These are the most heavily fee and tax laden, regardless of investments.

Capital gains should be the only applied tax.

No tax upon wages, as our forefathers designed.

Tue, 01/17/2012 - 11:49 | Link to Comment Gully Foyle
Gully Foyle's picture

SilverDOG

""Poor people" often are self-employed business owners.

These are the most heavily fee and tax laden, regardless of investments."

How much tax are dope dealers and pimps paying these days?

I remember watching Cocaine Cowboys and one convicted dealer claiming that when his organization got busted the property prices in Miami nosedived because they dumped so much money in real estate.

 

Tue, 01/17/2012 - 12:06 | Link to Comment SilverDOG
SilverDOG's picture

Gully Foyle,

The US govt. does not pay any taxes.

Afghanistan poppy harvests increased 1500% since US invasion - Ron Paul

Tue, 01/17/2012 - 11:53 | Link to Comment drivenZ
drivenZ's picture

Look, Mitt Romney's investments create jobs. If you tax him too much he won't invest. That's how it works. Take the jobs from the little people(because lets be honest they have no idea how to run a business) and let Mitt allocate the capital. 

Tue, 01/17/2012 - 15:56 | Link to Comment css1971
css1971's picture

What would he do with the money instead?

Tue, 01/17/2012 - 11:57 | Link to Comment ebworthen
ebworthen's picture

drivenZ - You forgot "Let them eat cake".

Tue, 01/17/2012 - 12:02 | Link to Comment drivenZ
drivenZ's picture

Cake? No, I like Cake.  They can eat my old Ipad. I have an Ipad2 now and thus the $800 gadget I bought 2 years ago is worthless to me.  

Tue, 01/17/2012 - 12:20 | Link to Comment ebworthen
ebworthen's picture

Exactly.

Tue, 01/17/2012 - 12:43 | Link to Comment francis_sawyer
francis_sawyer's picture

"I have an Ipad2 now and thus the $800 gadget I bought 2 years ago is worthless to me..."

How ironic... so is the life of the Foxconn employee who is trying to decide whether to jump off the building, or get sent to a prison camp...

Tue, 01/17/2012 - 14:26 | Link to Comment NotApplicable
NotApplicable's picture

I keep waiting for them to destroy the plant, as mildly inconveniencing western lifestyles is about all the power those poor folks have.

Tue, 01/17/2012 - 18:16 | Link to Comment smiler03
smiler03's picture

Do you have ANY evidence WHATSOVER that they get sent to a prison camp?

It is probably more likely that an American will end up in prison if he/she gives up a job they despise.

 

Tue, 01/17/2012 - 11:32 | Link to Comment VanillAnalyst
VanillAnalyst's picture

The first rule of Rich Club is..... You DO NOT TALK ABOUT RICH CLUB.

The second rule of Rich Club is....You DO NOT TALK ABOUT RICH CLUB.

Tue, 01/17/2012 - 11:46 | Link to Comment SeverinSlade
SeverinSlade's picture

The third rule is you label anyone that talks about Rich Club as a paranoid and insane conspiracy theorist.  The beauty of this label is that the more and more they talk, the more insane they appear to the Sheeple, regardless of whether or not they are presenting credible and valid factual evidence to prove that Rich Club exists.

Tue, 01/17/2012 - 11:53 | Link to Comment VanillAnalyst
VanillAnalyst's picture

I've been thinking for some time that there's a good paper to be written linking growing societal unrest to the increased visibility of the upper class. Ignorance has long been bliss for the masses.

Tue, 01/17/2012 - 11:33 | Link to Comment Lets Eat Grandma
Lets Eat Grandma's picture

This from the guy who was promoting a 25% top tax bracket at the debate yesterday? Why does he want to raise his own taxes?

Tue, 01/17/2012 - 11:38 | Link to Comment Confused
Confused's picture

Because he is part of the club.

 

Which makes him exempt.

Tue, 01/17/2012 - 11:38 | Link to Comment Deo vindice
Deo vindice's picture

Because there will be a hidden loophole for his kind.

Don't you know, rules are for the other people. His kind of mindset has no intention of being under the same regulations.

Tue, 01/17/2012 - 11:40 | Link to Comment drivenZ
drivenZ's picture

he's actually advocating lowering his own taxes by reducing the top bracket to 25%. 

Tue, 01/17/2012 - 11:47 | Link to Comment SilverDOG
SilverDOG's picture

He is actually blowing smoke up your arse.

As he has no plan or statement saying "I will" or "We will."

Tue, 01/17/2012 - 12:41 | Link to Comment drivenZ
drivenZ's picture

no plan to lower top tax brackets? Oh, I firmly beleive he will do that. He'll probably also reduce the tax on PE carry to 0% because they're "job creators". 

Tue, 01/17/2012 - 11:40 | Link to Comment Silver Dreamer
Silver Dreamer's picture

You don't understand.  Romney isn't in that bracket.  The "rich" in that "top bracket" are not the weathly.  The wealthy do not pay taxes.  Why would they?  It's their system after all.

Tue, 01/17/2012 - 11:42 | Link to Comment Lets Eat Grandma
Lets Eat Grandma's picture

I'm sorry, did I forget to say <sarc>?

Tue, 01/17/2012 - 11:51 | Link to Comment Silver Dreamer
Silver Dreamer's picture

LOL Yes!

Tue, 01/17/2012 - 11:52 | Link to Comment Gully Foyle
Gully Foyle's picture

Silver Dreamer

"The "rich" in that "top bracket" are not the weathly."

In a sense that is true, they own assets valued at not cash on hand.

Keep in mind that like drug busts those assets are overinflated to make them seem richer than they really are.

I think that if the rich had their assets valued in real world prices we would see significant drops in their claims of "wealth".

Tue, 01/17/2012 - 11:35 | Link to Comment Boilermaker
Boilermaker's picture

Actually, I'm surprised that he pays any taxes at all.  Most of his 'breed' find a way out of the entirety of liabilities.

Tue, 01/17/2012 - 12:12 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

You mean Mormons of course...

Tue, 01/17/2012 - 11:36 | Link to Comment mirac
mirac's picture

Look for much higher Inheritance taxes...

Tue, 01/17/2012 - 11:36 | Link to Comment UTICA CLUB XX PURE
UTICA CLUB XX PURE's picture

I LOVE RON PAUL

Tue, 01/17/2012 - 11:37 | Link to Comment SeverinSlade
SeverinSlade's picture

I say we stop calling it "income taxes" and start calling it what it really is..."Personal property THEFT."

Only the mob and the Federal government can stick their hand into your pocket and take your money.

Tue, 01/17/2012 - 11:54 | Link to Comment Gully Foyle
Gully Foyle's picture

SeverinSlade

"Only the mob and the Federal government can stick their hand into your pocket and take your money."

I see you are a virgin who has never had a girlfriend.

Someday, god willing, you can expand that list by at least one and if you breed two.

Do NOT follow this link or you will be banned from the site!