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[PTTG??]

Apparently Romney decided that the best time to release his tax returns was right now, rather than immediately. 14%.

[FearfulJesuit]

Apparently Romney decided that the best time to release his tax returns was right now, rather than immediately. 14%.

The boy just doesn't know timing, does he? Link, please.

[Euld]

Here you go 

Spoiler (click to show/hide)

You shouldn't have done that.

[mainiac]

GreatJustice, every time you argue with me you accuse me off strawman without understanding my arguments.  You are a very unpleasant person to talk to.

[GreatJustice]

GreatJustice, every time you argue with me you accuse me off strawman without understanding my arguments.  You are a very unpleasant person to talk to.

Ahem

No, he didn't. He's saying mainiac did when mainiac said "you posted something that was simply untrue, that poor people were more likely to support Ron Paul" by showing what he actually wrote, which was "rich people didn't support Ron Paul".

[Darvi]

Actually I can't figure out what ANYONE is trying to say to each other any more.

And here I thought that was just me.

[kaijyuu]

You two should play some mario kart together and blow off steam. Lots of passive aggression here.

[Leafsnail]

So what we've established is that Ron Paul doesn't receive much support from the poor or the rich.  That's why he's not one of the contenders in this election.  So back to talking about people who are.

Romney's tax rate:
http://money.cnn.com/2012/09/21/pf/taxes/romney-tax-return/

Well, it's above 13% at least.

The reason Romney's rate is so low -- despite having one of the highest incomes in the country -- is because his income was derived almost entirely from capital gains and dividends from his extensive portfolio of investments. And that form of investment income is typically taxed at just 15%, well below the 35% top tax rate for high earners. To top of page

This would explain it down to 15%, but not any lower.  Surely he's so far into the top tax rate that almost all of his regular income would be taxed at 35%?

[nenjin]

Except most, if not all, of his wealth isn't coming from traditional sources. That's the rub. He makes more than the vast majority of Americans and gets taxed at rates far lower because this country treats income earned from investments in a completely different fashion than people who get cut a paycheck for their day's work. The tax system treats income from investments as supplementary income, when for the highest rollers, it's actually their primary source of income.

[Sirus]

Actually I can't figure out what ANYONE is trying to say to each other any more.

And here I thought that was just me.

I don't even post here much anymore <_<;

[RedKing]

This would explain it down to 15%, but not any lower.  Surely he's so far into the top tax rate that almost all of his regular income would be taxed at 35%?

What regular income? His job has been "Presidential candidate" for the last year and a half. It's like the landed gentry of the 18th-century...they don't need to earn a salary, they just sit back and collect the income generated by all that property (in this case, massive amounts of stock) that they own.




EDIT: You know who Herman Cain thinks would be beating the pants off Obama at this point? Herman Cain.

But Cain said he would have been doing better if he was the nominee, saying that he'd probably have a "substantial lead" on President Barack Obama at this point.

"The reason is quite simple: I have some depth to my ideas," he said.

Nice. You realize you just implied that Mitt Romney has no depth to his ideas...the GOP thanks you for your support, Hermanator.

[Darvi]

You know what they say. With friends like these...

[Nadaka]

Consider for a moment that 2 of Herman Cains deepest ideas were inspired by Pokemon: The Movie and the 999 tax rate from simcity.

Yea.

[mainiac]

Well ignorant people generally think they know more then they do or think they know nothing.  Hermain Cain certainly isn't the latter.

[kaijyuu]

Consider for a moment that 2 of Herman Cains deepest ideas were inspired by Pokemon: The Movie and the 999 tax rate from simcity.

Yea.

Wait, is he really a fan of those two? I might have some respect for him then, even if just a sliver.