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With income of more than $57,000 a day — without a paying job — Romney pays less in taxes than most Americans. It helps that Republicans have pushed for lower funding for the IRS, even though studies have shown that government auditors can find almost $10,000 in owed taxes for every hour worked. David Cay Johnston explains that with more complex tax laws and a larger population, the IRS actually needs more staff.
GOP pushes ineffective, revenue damaging cuts to IRS - Cenk Uygur // Current TV
Seeded on Sat Feb 18, 2012 9:21 AM EST
Article Source: US_Homepage_Featured_Stories
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- Public Discussion (12)
Any rational person knows that the goal of the GOP leaders is to lower taxes on the rich and to further shift the burden onto the middle class; the real question is: how to convince the irrational Joe-six-pack follower who continues to vote for the GOP ...
- 1 vote
#1 - Sat Feb 18, 2012 9:25 AM ESTNearly half the people do not pay federal tax. We are spending something like $12,000 per person so please do not tell me the middle class is footing the bill. Too many people are calling themselves taxpayers when they pay in a dime and take back a dollar.
It's interesting how otherwise intelligent people (those who wouldn't give their kids everything they want), behave like kids themselves when it comes to the responsibility of paying the costs of government.
Grey Wolf
What we need to do is reform the tax codes, eliminate all deductions, credits, adjustments and loopholes, establish fair tax rates (a couple more-on the bottom and a couple more on the top income levels) and replace the code with a 10 page instruction booklet and the current stacks of tax return forms with probably less than 10 pages.
All income (including capital gains) is taxed as income.
Everyone (and every corporation) has an income and every income has a tax rate assigned to it; you take your income level look up the tax rate an send a check to the government.
We could get by with a lot smaller (not larger) IRS in that case and hte government would get exponentially more revenue.
The problem is how to convince the Democrats to do real tax code reform and eliminate all perks for special interest groups, including the ones who support the Democrats
Thanks for the article
- 2 votes
#2 - Sat Feb 18, 2012 10:15 AM ESTWith income of more than $57,000 a day — without a paying job — Romney pays less in taxes than most Americans
Mitt Romney earned more than $42 million over the past two years, and paid $6.2 million in taxes at an effective rate averaging 14 percent, according to documents provided by the Romney campaign today.
Most Americans do not pay 6.2 million in taxes so please stop with the untruths.
#3 - Sat Feb 18, 2012 10:35 AM ESTRomney pays less in taxes than most Americans...
As a percentage of his income...
It was definitely a poorly worded/misleading sentence.
- 1 vote
Or another way of saying it is a lie. I dont know about Romney but when I invest money in stocks or bonds etc I do that with money that has already been taxed. So I have paid taxes on this money once already.
Regardless, the fact of the matter is Romney pays less income tax as a percentage of his income than the majority of Americans.
- 2 votes
"The majority on Americans do not pay taxes" … besides FICA taxes, and sales taxes, and ...
- 1 vote
We are spending approximately $12,000 per person at the federal level , very few families of four pay $48,000 in federal tax.
FICA is a complete ripoff and is outside the $12,000 figure.
Maybe because a family of four no longer makes 48000. Have you thought of the fact that these 15 percent payer people, Pay others to push paper for them to make millions/billions, when others work their tushes into the ground to make rent! Not because they are dumb, stupid, lazy..........
because the system does not work for the working man/woman/child!
Because Greed
Has been allowed to become the global "right" since the 80's but also includes the Clintons
- 1 vote
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