15% tax rate for Mitt Romney

According to the IRS, in 2009, if you didn't earn more than $200,000, your peers paid a lower percentage than Romney. That covers 97 percent of Americans. That's just an average obviously so there are going to be people in those income brackets that paid more. The point is, there's a whole lot more people who paid a lower percentage than paid a higher.
 
paying his fair share, more or less than what he "should" or "could", etc. is debatable.

However, we at least know that Romney is more than capable and fully vetted to be SecTresury now, since he actually paid his taxes.
 
Prod-

I looked at your link. It's ok, but apples and oranges. Buffett is not an Obama fan, or at least he's not sharing his politics- he's only sharing his views on tax policy.

Steve Wynn on the other hand is sharing his views that he dislikes Obama. If we go the rich guy routine there are billionaires on both sides Soros, etc.
 
mcbrett- The point prod is making is that there are many other self-made extremely wealthy guys out there that are just as smart as Buffet that disagree with his stance on capital gains taxes. Most of them say the money they don't pay in taxes keeps getting re-invested in our economy which is better for the country.

Their opinions are worth no more or no less than Buffett's. They are just opinions. Citing Buffett's quotes to bolster your argument is a fool's game as the other side has just as many folks.

Further, Buffett is a very big proponent of coal and coal power plants as his railroad investment is heavily dependent on coal shipments. So clearly he does not care about the future of America or the astronomical costs these coal plants have on our society. You have very obviously been a huge detractor to coal plants. So it is easy to like someone else's opinion as long as it coincides with your own.
 
1) This Wynn piece is an Op-Ed from some other guy with Wynn quotes

2) He's not talking about the Capital Gains interest rate at 15%, which I think is my sole argument here and thought in this thread. Wynn is saying he doesn't like Obama, he's a Dem- but thinks Obama wants to redistribute wealth.

3) Perhaps Wynn, if he wrote a whole piece himself would elaborate further and mention the carried interest clause- I don't see that in the link. I'm not writing it out- it's just not mentioned. As it stands it looks like Wynn is discussing raising taxes in general and his opposition to that. I think we all know, without having to provide another link, Obama has suggested 100x he wants taxes for all Americans to stay the same, and has in fact increased tax breaks- with the exception of the top 1% from the last Bush tax cut extension.

In my view, it's a bit of a stretch to call Obama a redistributor of wealth because he wants a Bush era tax cut to expire for 1% of Americans and fall back to a rate we had in the 1990's. But, Wynn disagrees- and I do respect his business knowledge as well.


I'm sticking with my apples to oranges comment- we have a 3rd party Op-Ed about Wynn saying Obama is unfriendly to business and taxes in general. And I give that argument it's due- except with reservations listed above. And then you Prod, Bronco- are comparing that to a specific piece on the carried interest from Buffet that I agree with 100%.

The name of this thread is Mitt is paying 15% in taxes- not taxes in general are high and inhibit business growth in America. If you wanna talk about that- let's start a new thread and go for it.
 
Obama has made it abundantly clear that he favors wealth redistribution. His biggest step in that direction (to date) is Obamacare. Another step he has already taken is reducing charitable and mortgage deductions. So he has definitely already increased taxes and not just on the "1%".
 
Why can't people get that money that is invested (which you need to have in order to get capital gains) HAS ALREADY BEEN TAXED as income during the year that it was made? At the higher rate for income. So tax the profits people make on capital gains at 100%. Watch them put it all into tax-free municipal bonds or something with very low interest and to hell with the people who were depending on investments to hire new employees. But what the hell, they are evil to have even thought they should make a profit on their investments so screw 'em.
 
Still amazed at the number of non rich people who feel that need to protect rich people from onerous taxes, even as rich people seek to increase the tax burden on the working and middle classes and lower the capital gains below its current level.
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What are you talking about, half the people in this country actually get refunded more money than they actually paid in taxes or pay nothing....1/2....so i dint see where the rich are trying to increase the tax burden on the poor. they currently have none...i do like rich people to invest, their investment increases cash flow into corporations which then are allowed to grow, hire more people and hopefully push stock prices higher.
 
When waste and fraud are successfully eliminated, then talk to me about tax increases. Before that happens, I consider my tax payment like giving crack to an addict. Not a good idea even though I do it to stay out of jail.
 
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