Should Mitt release his tax returns?

[northeast]

No, I think you've got the facts upside down....
Let's see the truth behind the myths.
Open up tax records, business records, nonprofit records.

but you don't want disclosure, you want to cling to your myths.

 

[Dr. Jones]

No, I think you've got the facts upside down....
Let's see the truth behind the myths.
Open up tax records, business records, nonprofit records.

but you don't want disclosure, you want to cling to your myths.

I think you lack the confidence and/or ability to become a big earner .. and therefore are trying to FORCE equality .. communist.

 

[northeast]

i think you want the government to work for the rich and big corporations, you communist

 

[Dr. Jones]

i think you want the government to subsidize rich and big corporations, nazi.

haha .. I don't need subsidy. I admit that I don't feel I should pay a higher tax % (or lower) than anyone else, though.

As I said in the other thread..

Okay .. thanks for playing (not really). I have to go to work now an CREATE. Others will benefit, tax revenues will be realized, and you will still be thinking that what I am doing is evil. Catch ya later.

 

[northeast]

I think you lack the confidence and/or ability to become a big earner .. and therefore are trying to FORCE equality .. communist.

i think you want the government to work for the rich and big corporations, nazi

 

[northeast]

haha .. I don't need subsidy. I admit that I don't feel I should pay a higher tax % (or lower) than anyone else, though.

As I said in the other thread..

Okay .. thanks for playing (not really). I have to go to work now an CREATE. Others will benefit, tax revenues will be realized, and you will still be thinking that what I am doing is evil. Catch ya later.

but you fight for hours supporting Romney paying a lower tax rate than others.

 

[Jazz Spazz]

So you think this is a man who is in the elite of the elite when it comes to shirking paying his fair share of taxes.

Such aggressive sheltering of his fortune hurts the rest of society , including masses of people who have to make up for the resources he has sucked out of the economy.

It comes down to this doesn't it.
I don't think more taxes is any way to solve our countries problems, but you do.
I think spending has more of an impact on debt than tax.

In your personal finances it's not how much you make that puts you into debt, its how much you spend. There are people that make a ton of money but spend a ton more money and are in debt. It is the people that spend less than they make that are stable.

Increasing taxes for rich or poor will not help solve the problems our country are in. You may try to make the tax issue some huge deal, but it is definitely not as important an issue as many people seem to think it is.

FYI, I think the rich people of the world should share with the poor people of the world in such a way that there will be no more poor. I also think the poor people need to work and not just wait for a handout. I don't think it should be forced on anyone to give, it should come from them. Taxing rich people more and more will just force more and more people to send jobs to different countries, and/or change their citizenship to other countries. Nobody, rich or poor would want such a burden to be placed on them and I would understand people leaving a country for what they see as a better life somewhere else, or for less of a burden being placed on them. Look at GVC, he left the states for something he feels is an important issue.

I just think we need to be careful what we wish for, it is possible that raising the taxes on the "rich" will not result in more tax revenue for the government, but will result in some of those people going somewhere else and paying their taxes to a country with less of a burden of tax placed on them.

I don't know if this is true, but I could see it happening.

/rant

 

[Deleted member 848]

haha .. I don't need subsidy. I admit that I don't feel I should pay a higher tax % (or lower) than anyone else, though.

As I said in the other thread..

Okay .. thanks for playing (not really). I have to go to work now an CREATE. Others will benefit, tax revenues will be realized, and you will still be thinking that what I am doing is evil. Catch ya later.

Sorry P. Maybe its the socialistically-slanted Canadian in me here, but I fundamentally disagree with the above. I understand and respect your perspective, however. I think growing up and starting from nothing into becoming a decent middle class family in Canada, and receiving all of the benefits that have improved my quality of life through higher taxation has convinced me that when this system works, it doesn't work too badly at all. I think that people who were brought up in different economic circumstances will always have different socio-economic perspectives on how things should be run.

 

[The Thriller]

Maybe. OR, he may have created enough jobs and/or products that the additional tax revenues are greater than his personal gain. You wnat to be mad? Be mad at the banks that took bail-out money (yours and my tax money) and SAT on the money rather than spurring the economy, as it was intended. At least guys like Romney use their money to CREATE. (I'm not even a Romney supporter, but I am trying to help you understand that the 'rich' are not the problem.)

I'm not sure history is your ally here.

Bush lowered tax rates, and one of the worst decades in job creation followed.

IMO, had the rich been overtaxed and finally able to create jobs with lower rates, they would have done so already. Else, why did they wait 10+ years to finally start creating jobs?

Trickle down economics isn't working. Even Bruce Bartlett, one of thee biggest pro-Reaganomics advisers out there, admits this.

https://economix.blogs.nytimes.com/2011/05/31/are-taxes-in-the-u-s-high-or-low/

The truth of the matter is that federal taxes in the United States are very low. There is no reason to believe that reducing them further will do anything to raise growth or reduce unemployment.

and

https://economix.blogs.nytimes.com/2012/05/01/taxes-and-employment/

If one were to take the Republican argument seriously, the linkage would have to be via the tax wedge. This is the principal means by which the government affects employment, according to the Republican economist Arthur Laffer. The tax wedge is the difference between the cost to an employer of employing a worker and the after-tax reward that the employee receives.

The reason that unemployment is high clearly has nothing to do with taxes. Consequently, there is no reason to think that reducing taxes further will do anything to raise employment by reducing the tax wedge.
There is simply no evidence that cutting taxes at the present time will do anything to raise employment.

 

[northeast]

spazz, I am all for making smart cuts in government spending.
Neither party will do that.
Cutting taxes for the rich does not force gov to cut spending, it just leads to more debt, and this may eventually destroy this country.

 

[margodydek]

I'm not into politics so I'm really out of loop here on this, but I'm confused on how Romney hasn't paid his "fair share" in taxes. It would probably take me hundreds of lifetimes to pay the amount of income tax that Romney's paid in the last year or two.

Also, I'm sure the 1% would be more than willing to pay more taxes if they actually thought the goverment would spend it wisely.

 

[NAOS]

It comes down to this doesn't it.
I don't think more taxes is any way to solve our countries problems, but you do.
I think spending has more of an impact on debt than tax.

In your personal finances it's not how much you make that puts you into debt, its how much you spend. There are people that make a ton of money but spend a ton more money and are in debt. It is the people that spend less than they make that are stable.

Increasing taxes for rich or poor will not help solve the problems our country are in. You may try to make the tax issue some huge deal, but it is definitely not as important an issue as many people seem to think it is.

FYI, I think the rich people of the world should share with the poor people of the world in such a way that there will be no more poor. I also think the poor people need to work and not just wait for a handout. I don't think it should be forced on anyone to give, it should come from them. Taxing rich people more and more will just force more and more people to send jobs to different countries, and/or change their citizenship to other countries. Nobody, rich or poor would want such a burden to be placed on them and I would understand people leaving a country for what they see as a better life somewhere else, or for less of a burden being placed on them. Look at GVC, he left the states for something he feels is an important issue.

I just think we need to be careful what we wish for, it is possible that raising the taxes on the "rich" will not result in more tax revenue for the government, but will result in some of those people going somewhere else and paying their taxes to a country with less of a burden of tax placed on them.

I don't know if this is true, but I could see it happening.

/rant

Here, you pair a naive understanding of the true costs of production inherent to a capitalist economy with an idealistic view of charitable giving. Both are out of touch.

Have there been bloated and unnecessary state programs in the past? Yes. But this doesn't mean that the State doesn't have an obligation to robustly fund certain programs (in fact, doing so is in its benefit).

everyone deserves a rant from time to time, but try authoring something that isn't so out of touch.

 

[northeast]

many people have argued in this thread in one way or another that anyone who does not do everything he can to pay as little taxes as possible is a fool.

 

[margodydek]

many people have argued in this thread in one way or another that anyone who does not do everything he can to pay as little taxes as possible is a fool.

Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one's taxes.
Helvering v. Gregory, 69 F.2d 809, 810-11 (2d Cir. 1934).

 

[northeast]

this conflicts with your previous post.

 

[margodydek]

this conflicts with your previous post.

How so?

 

[northeast]

so you support the rich paying lower tax rates, and doing everything they can to pay the lowest rate possible, and having their friends write the tax code so as to make sure they have lots of loopholes and shelters to enable them to do this.

all government spending is bad and should be reduced.

 

[Dr. Jones]

It comes down to this doesn't it.
I don't think more taxes is any way to solve our countries problems, but you do.
I think spending has more of an impact on debt than tax.

In your personal finances it's not how much you make that puts you into debt, its how much you spend. There are people that make a ton of money but spend a ton more money and are in debt. It is the people that spend less than they make that are stable.

Increasing taxes for rich or poor will not help solve the problems our country are in. You may try to make the tax issue some huge deal, but it is definitely not as important an issue as many people seem to think it is.

FYI, I think the rich people of the world should share with the poor people of the world in such a way that there will be no more poor. I also think the poor people need to work and not just wait for a handout. I don't think it should be forced on anyone to give, it should come from them. Taxing rich people more and more will just force more and more people to send jobs to different countries, and/or change their citizenship to other countries. Nobody, rich or poor would want such a burden to be placed on them and I would understand people leaving a country for what they see as a better life somewhere else, or for less of a burden being placed on them. Look at GVC, he left the states for something he feels is an important issue.

I just think we need to be careful what we wish for, it is possible that raising the taxes on the "rich" will not result in more tax revenue for the government, but will result in some of those people going somewhere else and paying their taxes to a country with less of a burden of tax placed on them.

I don't know if this is true, but I could see it happening.

/rant

Great post, spazz.

 

[Dr. Jones]

Sorry P. Maybe its the socialistically-slanted Canadian in me here, but I fundamentally disagree with the above. I understand and respect your perspective, however. I think growing up and starting from nothing into becoming a decent middle class family in Canada, and receiving all of the benefits that have improved my quality of life through higher taxation has convinced me that when this system works, it doesn't work too badly at all. I think that people who were brought up in different economic circumstances will always have different socio-economic perspectives on how things should be run.

That's okay, we can disagree repsectfully.

 

[Dr. Jones]

I get the feeling northeast is far more against someone having more than another than any tax code.