I agree. That is pretty funny. Perfect picture of Romney to go with that. The smile just fits lol.
Should Mitt release his tax returns?
- Thread starter northeast
- Start date
I agree. That is pretty funny. Perfect picture of Romney to go with that. The smile just fits lol.
Is it a pet horse? I'd be inclined to say it is, although I don't know much of the details. I say this knowing that the Romney's net worth is at least into the 9 figures, so that them investing 100k into a horse is comparable to an average person spending $100 on a cat.
It's semantics. It appears to me that some rich people can turn their pets and hobbies into tax savings if they spend enough money on them, and get some advisers to help handle the tax details.
It's semantics. It appears to me that some rich people can turn their pets and hobbies into tax savings if they spend enough money on them, and get some advisers to help handle the tax details.
SaltyDawg
Well-Known Member
Yes, of course the horse is a pet.
And it may not be technically defined as a deduction as far as the IRS is concerned, but to the guy who needs those food stamps to feed his kids, there is no difference between a tax deduction (which lowers the taxes you have to pay) and a tax credit (which lowers the taxes you have to pay).
PearlWatson
Well-Known Member
I thought Ann used horses for her MS therapy or something.
Was Rmoney specifically talking about food stamps when he told unadvanced colored people to stop asking for "free stuff" from the government?
I see a difference between credits and deductions which is why I argued that point to begin with.
The difference with a credit is that it is the government giving you money...sometimes more than you paid in taxes. <--should never happen
Maybe they have maybe they havent depending on your deffinition of "average citizens".
Also the horses are for her MS therapy...even the DNC backed off this line of attack.
SaltyDawg
Well-Known Member
If that horse was strictly for the MS therapy then it wouldn't be in the Olympics.
And it's pretty well documented that Romney paid millions in taxes, he didn't get a refund. So unless you want to split hairs, then for all intents and purposes a deduction and a credit would be the same thing in this instance. The end result is identical, Romney's tax bill at the end of the year was less than it otherwise would have been.
On the food stamps... What else would he have been referring to? Especially considering the food stamp president, record number of blacks getting food stamps, and all the other food stamp comments by high profile republicans? Are there any other "free" things that lots of black people get from the federal government that he would have likely been referring to?
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PearlWatson
Well-Known Member
If it is a therapy and/or an olympic horse it aint a pet horse.
Now you are making my original case that credits are not equal free stuff from the government. Credits = keeping your own damn money out of the hands of a greedy government.
His comment about wanting "more free stuff" was based on an attitude of entitlement. You ain't gonna advance yourself if you look at the government as your substitute daddy.
They could be making up the therapy and olympic stuff. Which is it, if this is the business purpose?
Are these both consistent with business purposes?
Why are you so obsessed with having rich people paying less taxes?
Do you want to have a country with a military, police, schools, health care, justice system, etc?
Are these both consistent with business purposes?
Why are you so obsessed with having rich people paying less taxes?
Do you want to have a country with a military, police, schools, health care, justice system, etc?
SaltyDawg
Well-Known Member
I think it's entirely possible that someone's pet could be in the Olympics. Every one of those competition show dogs in the dog shows is somebody's pet, so I don't see an Olympic horse as being much different in that regard.
Rich white dude shorts the government out of every possible dime he can get away with. He even gets a discount for having a pet. Poor black dude pays his taxes every year, at a much higher percent of his income than the rich white dude. He doesn't get a discount for his pet. He gets laid off eventually. The government gives him some food stamps to help him get by. Rich white dude then scolds poor black dude for getting free stuff from the government.
1 person never paid it in the first place, and then bitched about the guy who did pay it but got it refunded.
Not much difference between the 2 in my eyes. Well, other than 1 of them needs it and the other doesn't, and 1 is being a hypocrite and bitching about the other guy.
You never answered my question about the free stuff. If he wasn't talking about food stamps, what was he talking about? Attitude of entitlement? Entitled to what? What does the federal government give out for "free" to these people other than food stamps?
Chances are very high that if the poor guy was even working but was still poor he paid no taxes and certainly a smaller percentage of his income than Romney.
Dude, that's not paying any taxes. If it's all refunded you didn't pay anything.
SaltyDawg
Well-Known Member
Chances are also very high that before he was down on his luck he was paying the same rates as the rest of the middle class. You can't just go get food stamps for your entire life without working.
And I agree, getting your taxes refunded is the same as not paying them in the first place. That was my point. If you're rich and not paying them in the first place, you have no business bitching about the poor guy for getting his refunded.
And yes, I know that Romney did in fact pay some taxes. And I also know that most people on food stamps don't get anywhere near what an average blue collar worker normally pays in taxes. So presuming most of the food stamp recipients had decent jobs at some point, they will likely never take more than they've given (just like Romney).
Who's complaining about anyone getting a refund?
Northeast was yelling about getting a tax credit for a hobby horse. Does that count?
SaltyDawg
Well-Known Member
If you consider food stamps as a refund of taxes you've paid, then Romney was.
asian_roger
Well-Known Member
Mitt is ballin with money and its going to be hard to relate to the "average American" if wants to be president. Maybe he was a good business man, but he would be a terrible president. Like everyone says, "who do you hate more?" Obama or Mitt?
I think that is a hypocritical line of attack on Romney. I think he understands the "average American" as well as Obama does. Which is hardly at all.
SaltyDawg
Well-Known Member
I remember Obama talking about how college football needed a playoff (on his own, was asked what he thought he could improve about sports and he went right into college football playoff) and how he would try to make that happen during his first campaign. I remember him going to some school and talking with kids on their basketball court, and hitting a 3 pointer on his first try not too long ago. I remember him filling out NCAA brackets and explaining why he picked who he picked a few months ago (and getting a stare down from one of the players on a team he picked would lose, after said player made a big play in a game Obama was attending). I remember him giving all kinds of football analysis and super bowl picks, several times. I remember him holding a "beer conference" to settle some controversy. I remember him going on and on about the middle class, even sticking his neck on the line to save the auto industry and all the blue collar jobs that come with it. I remember him campaigning on raising taxes on companies that outsource jobs, and lowering taxes on companies that keep jobs in the USA. I remember him fighting to keep the student loan rates low and payroll tax low. I remember him cutting out the middle man so federal financial aid (for students) is no longer handled by profit seeking banks. I remember him sending an infrastructure bill to congress that would have created thousands of blue collar jobs repairing our nation's roads and bridges. I remember him trying to get a high speed rail system built that would link our cities with high speed rail, making it easier for average people to travel and even commute, creating thousands of jobs in the process.
I can't really think of any instance where Obama lead me to believe he didn't understand the average American. I know the Romney camp would love for everyone to believe that Obama was just as out of touch as Romney, but I don't think it's even remotely true.
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