@1994"You seem awfully concerned about how Romney is taxed. Do you
feel the same way about George Soros and the Kennedy's? "I want
the bush tax cuts repealed for everyone."Should Romney have
been taxed at a higher capital gains rate?"No, everyone's
capital gains rates should be higher."Does his being VERY
wealthy disqualify him to hold office?"No, but when he pays the
same tax rate I do he needs to lay off poor people "not paying their fair
share" and the "job creators" being "taxed too high".
THAT's the part that bugs me. "Has he done something morally or
ethically wrong by trying to become as wealthy as possible? "Some of those Bain decisions seem pretty morally bankrupt. I assume they were
legal though.@GramajaneThat's an odd conspiracy theory...
Democrats helping Newt out by hitting him with the very thing that helped take
Cain down?@PPWell if it helps any I support repeal of the Bush
tax cuts. That would only bring capital gains taxes back up to I think 21% which
is still way below 36%.
Maybe I have read too many "who done it's" so I see things as
suspicious that others do not see, but if I were the liberal news guys and I
wanted to mess up the conservative primaries I would do something to help an
easier to beat candidate look powerful in a debate. What difference if the
public thinks the media is biased- they KNOW that, and Newet is known for being
able to twist out of corners he is in. He was probably all primed with defenses
read for all his weak spots-- from whoever hit them?Think, didn't what
happen let Newet look powerful, and off balance the candidates who should have
taken him down on his trouble keeping sacred marriage vows? Newet never answered
the charge did he?
If the IRS hasn't got to Romney, than he's within the law. Everthing else is
envy. People are barking up the wrong tree.Has Obama paid taxes on
the millions he took from us for his lavish vacations? Isn't he a rich
millionaire?Would a man who spent years cheating on his wives, be
trusted with the presidency?
atl134 - the difference is that if you are only an investor in the company then
it is a 15% tax rate. If you are an employee of the company and you get a
dividend because of stock options or something like that then it is considered
income and not capital gains, just like any monetary benefit (ie bonus) provided
by your employer. Once you retire though you are no longer an employee and your
tax rate goes down to 15% on any dividend. But again that number is deceptive.
If the company is not profitable or looses money then then investors lose with
it. If the company goes out if business or into chapter 11 you lose 100% of
your investment. If you added the percent tax rate to the average percent of
losses suffered by investors I bet the actual percentage would be much higher
than the standard income tax rate. something a regular employee never has to
worry about.Regardless, the money is still taxed twice and the net
result is a far higher percentage than Mr Buffets secretary makes.
@atl134 You seem awfully concerned about how Romney is taxed. Do
you feel the same way about George Soros and the Kennedy's? Should
Romney have been taxed at a higher capital gains rate? Should he not have made
so much money? Does his being VERY wealthy disqualify him to hold office? Has
he done something morally or ethically wrong by trying to become as wealthy as
possible? I don't understand this argument about Mitt Romney's tax
situation. There has been no illegal activity by Mr. Romney, so why all the
scrutiny? Would you be more comfortable with a President who has been LESS
successful? Does the fact that Obama has a net worth of about 2-3 million
dollars put him more in tune 'the common guy' more than Romney? I don't want
the less-successful, common guy to lead the country. I want the most
successful, most qualified guy in charge.
@PP"The business you invest in first pays about 30%-35% on the
dividend money because it is a profit that the company made, then after it is
dolled out the the investors it is taxed again at about 30% if it is as part of
your income or 15% if it is capital gains. "So you just said
that regular income and capital gains both are subject to the business taxes
first. That means there's no reason that capital gains gets special discount tax
rates because it's subject to the same first tax as regular income. The argument
for people that capital gains tax rates should be lower than regular income is
that it's subject to double taxation, but that argument doesn't work if both
types of income are subject to double taxation. "you are taxed
on what is in your savings account. You were taxed on it before it ever made it
into your account in the first place. "Right, but I'm arguing
that capital gains taxes do not apply after on your money that was subject to
income taxes. In the bank case only the interest goes through capital gains
I know debates are not about the spouses but I would have liked to see Newt's
wife's face when he was making that initial answer to the first question since
it was really about her and her relationship with him for those six years in the
1990s timeframe. Mitt thinks it is all about him and he forgets that last night
was about his wife #2 and wife #3. I can remember an election from 1992 that
had similar discussions and he got elected, once and twice. People do get
elected with these types of problems, and as we saw in 1996, it didn't stop in
Arkansas. Do people really care about morality and morals anymore?
Do political parties think about morality when they go through the process?
This is not the time in the 1800s when the phrase was: "Ma, Ma, where is
my Pa?" "Gone to the White House, ha, ha, ha."History is amazing and comes around the circle. Do we learn? Not always.
Very conveniently the Newsmax newsletter which is Newt Gingrich's personal
advertising agency and pusher has requested that Romney produce his income tax
before the election tomorrow. Hopefully, the Romney campaign will
avoid that as it takes time to assemble those documents and have them exact.
The Democrats and Gingrich campaigns will dissect and fishbowl it and analyze it
to death to find an error or make something out of it that it isn't. They will
spin and spin them to death as they have turned over every rock to find the pea
under the mattress. His father was open with the public and Mitt's integrity
and character are always guarding for any appearance of doing wrong. The press
is good at trying to dig up something that isn't there like ABC's George
Stephanopolous, etc.Newsmax is not a reliable source for good
PP: You are 100 percent correct! Now if only the Moral Majority in South
Carolina could figure it out before they sell their souls to a Bomb thrower with
no morality, no tact and all our Ally's fearing his election! You never know who
he will go off on next! Are you all tired of being talked down to by Mr. NEWT(I
know it ALL)? His spokespersons have even said were to stupid to understand what
he has said. The professor has spoken: Don't disagree with him or you get a F!
Ask wives one and two. F= Failed Marriage. F= again= equals failed marriage and
F three equals inFidelity!
Anyone should know that you can't accurately prepare your taxes until you get
your W-2's at the end of January and some more complicated forms don't arrive
until March. Heavy hitters like Mitt probably make an overpayment on April 15th
(to avoid penalties) and legally delay filing their return until June. Anybody
stupid enough to ask about his tax bill, for 2011, in January 2012 isn't fit to
be President of the USA.
alt134 - you do not understand how investment taxes work. The business you
invest in first pays about 30%-35% on the dividend money because it is a profit
that the company made, then after it is dolled out the the investors it is taxed
again at about 30% if it is as part of your income or 15% if it is capital
gains. In other words, the government gets 45%-65% of every dollar if profit a
company makes. Thus the effective capital gains rate is 45%, not the 15% that
the media (and Buffet) likes to throw around. If you own 50% of a
company you are entitled to half or any profits, but by the time the govt is
done you will only get about 25% of the gross profit. By the way, if the
company looses money the investor does too, but the government doesn't loose a
thing since they did not have anything invested.Also - although it
is not related to the double tax being discussed - you are taxed on what is in
your savings account. You were taxed on it before it ever made it into your
account in the first place.
@SammyB"I have heard people in South Carolina encourage this attitude
and take pride in it. This mob mentality is divisive and cruel. Do we really
want an aggressive attack dog with no tact to be our president? "I think that's exactly what the Tea Party wants. "Gov.
Christie explained last night that the 15% tax rate is a second tax on Mitt's
earnings since it is capital gains from investments. "If you
invest 10k and you pull it out valued at 15k after a year, you're only paying
taxes on the 5k of profit. So there's no second tax. Capital gains taxes are the
same taxes as those that make you report the interest you made in savings
accounts. You aren't taxed on what is in your savings account, just on the
interest you gained, so nothing is being taxed twice.
Hardly "haymakers" when fact checked."...THE FACTS:
Sure, inflation was bad and gas lines long, but under Carter's presidency
unemployment never topped 7.8 percent. The unemployment rate did reach 10.8
percent, but not until November 1982, nearly two years into Reagan's first
term..."."...The economy did add 16 million jobs during
Reagan's 1981-1989 presidency. Gingrich's assertion that "we created"
them may have left the impression that he was a key figure in that growth.
Although Gingrich was first elected to the House in 1978, his first Republican
leadership position, as minority whip, began when Reagan left office, in
1989..."."...Gingrich raised eyebrows with an open
admission that he indulged in "grandiose" thinking, seemingly
unaware...".And the citizens of South Carolina are falling all
over themselves cheering wildly for all things Newt.Maybe Newt is
not the only one seemingly unaware.
atl134,You are right, the audience would disagree. I am disappointed
in the general political climate in South Carolina. They are encouraging a bully
and egging him on. It reminds me of a dog fight where the crowd tries to incite
the fighters to more aggression. I have heard people in South Carolina encourage
this attitude and take pride in it. This mob mentality is divisive and cruel. Do
we really want an aggressive attack dog with no tact to be our president? Shame
on them.One last thought, Newt can dish it out but can't take it. He
becomes most vicious when the press or a candidate does to him what he does.
Mitt has been under attack all week by the press. This morning I commented on a
Yahoo article about Mitt's taxes. Gov. Christie explained last night that the
15% tax rate is a second tax on Mitt's earnings since it is capital gains from
investments. Mitt is retired. The press is lying and no one is holding them to
So they demand Romney release his tax returns ASAP, yet they give Paul and
Santorum a free pass? Too funny.
@byufootballrules"So, they act like the debate was a "tie"
when in reality Mitt Romney had one of his best nights. He clearly turned back
the Gingrich challenge."Mitt Romney? I think the audience would
The idea of Newt Gingrich complaining about negative comments would be funny if
it weren't so ludicrous. The man is doing everything he can to trash all the
other candidates, mainly Romney, but apparently sees nothing negative about
that. But if anyone says anything about him he immediately gets his hackles up
and yells that it's unfair...without answering the question, you'll notice. The
thought of him as president is the scary beyond belief.
The truth, though the good folks of South Carolina would be loath to admit it,
is that the rank and file evangelical would sooner vote for the devil than for
Romney. The hypocrisy spilling forth from Gingrich's mouth as he arrogantly
denied his years of infidelity seems to resonate more reasonably with the bible
thumping evangelist than one who talks the talk and walks the walk of one who
has demonstrated a lifetime of faithful and committed companionship. Gingrich,
by his actions and words, is making a steller case for amoral leadership. Have
we really sunk to that depth?
Just as John Kerry in 2004, the only thing "Presidential" about Mitt
Romney, is that he looks like someone who could be President.Just
like Kerry, Romney is a walking contradiction to himself. What he stands for
today, will likely change before the sun goes down. Just as it has over the
last decade as he's gone from pandering to the liberal Mass. audience, to the
conservative Tea Party audience. As the wind of the polls goes, so goes Mitt's
beliefs.This field is a mess. Newt is one of the biggest hypocrites
alive today. The way he went after Clinton, and now the way he and people like
Palin are defending his actions, are just pathetic.Mitt is a liar.
Bottom line. Heck, the guy believes $350,000 is not making a lot of money.
Yeah, he'll do well for the middle class!
The media asking Newt about his behavior and choices is not despicable. Leaving
a wife not once but twice for a medical condition, that,s despicable.
You only have to click on that last link and look at the folks Gingrich has
compared himself to, to know what an egomaniac he is, and see that his
aspirations for the Presidency are for his own self-aggrandizement, with little
or no regard for the "little people", meaning the citizens of this
land.How could anyone in good conscience vote for this egomaniacle
The media doesn't want this thing to end.So, they act like the
debate was a "tie" when in reality Mitt Romney had one of his best
nights. He clearly turned back the Gingrich challenge.Romney not
only looked presidential but demonstrated why he is the best option for turning
around our ailing economy and scaling back the negative influence of government.