That must be why there is no corruption and the poor are doing so well in all these third world countries with low taxes, and the poor's standard of living is so low in place like Sweden, Denmark and Norway.
Vote today... Mitt Romney or Barack Obama
- Thread starter Peter Breuninger
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That must be why there is no corruption and the poor are doing so well in all these third world countries with low taxes, and the poor's standard of living is so low in place like Sweden, Denmark and Norway.
Our friend Rockitman made the case he pays himself mostly dividend to get an effective rate of 15%. Your math makes his whole "my taxes will go from 15% to 43% argument" even more bogus. You just pay yourself a $400,000 salary at 40% marginal tax rate, cut all dividends and your effective tax rate hardly chances.
In other words, Romney's statement was true. Those implying that it referred to taking money (benefits) from recipients was untrue. See also PolitiFact.com.
Edor,
Romney didnt have income , he paid taxes on capital gains , whats amazing to me are those individuals who insist on applying past failed policies over and over , we see how well high taxes work in europe ....
Cognitive dissonance , much ......!!!
Romney didnt have income , he paid taxes on capital gains , whats amazing to me are those individuals who insist on applying past failed policies over and over , we see how well high taxes work in europe ....
Cognitive dissonance , much ......!!!
3rd world countries have low taxes ....!!!! Say no more , time to get back to my hi-fi
You're right. What we need is a return to the successfull polices of G.W. Bush. Cut more taxes, let an unfettered Wall Street work its magic, start an unfunded war and start the day with prayer for a strong and healthy America. Connitive dissonance anyone?
Well Obama did just that , except doubling down on the spending and incompetence , easy to notice if you were paying attn ...
The highest taxed countries on the planet are all developed countries. If you do your fact checking on a hi-fi system you would never know it though.
steve williams
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Correct. I have wage income and we own a small business. We file jointly so both our income gets taxed/
steve williams
Site Founder, Site Owner, Administrator
Do you still pay taxes to Belgium (I think you said that is your native country) or are you an American citizen now
Romney has in fact *income* in the strictest of definitions, from investments, not income from salaries and wages. In the end, it's all income, and the source of it can vary.
The highest taxed countries on the planet are all developed countries. If you do your fact checking on a hi-fi system you would never know it though.
Lol , you need to get out more often edorr , i can ask wifey for you , if need be ...
You can't even imagine the taxes in a 3rd world country unless you have lived it ...
I am not sure what the point is. Romney's effective rate is what it is, 14%. I pay a lot higher than that and my taxes will go even higher, and I want him and others like him (e.g corporations) to pay more, a lot more, while at the same time not affect the effective rate the bottom echelons pay.
Lol , you need to get out more often edorr , i can ask wifey for you , if need be ...
You can't even imagine the taxes in a 3rd world country unless you have lived it ...
edorr is probably talking about countries like Sweden and Denmark, with rates up to ~75%, which are indeed highly developed societies, and still able to afford whatever they want to.
Perhaps something lost in translation, but edorr's point - I think - is that higher taxes doesn't mean you will make the US a third world country; indeed, quite the opposite, there are examples of highly developed societies with very high tax rates.
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