Capitol Hill Blue Forums Political Issues Politics In General Ryan Tax Plan Gives Romney a 0.82 Percent Tax Rate

If you think the Oligarchs don't pay enough taxes now, wait and see if Paul Ryan's tax plan goes through. If it does, Romney wouldn't pay 13 Percent. Nope. Not by a long shot.

The Atlantic has investigated this, and Romney would get by paying 0.82 Percent. That is LESS THAN ONE Percent.
OUCH. Now, that's really redistribution. It means the fair share of those revenue losses would be picked up by everyone not making huge monies every year. You know those people. The ones in the 47 percent without enough income to essentially zero out their tax liability through the largesse of Paul Ryan -- on the behalf of a Congress beholden to its benefactors.

The article quoted above is by Matthew O'Brien, and can be read at The Atlantic site.

Remember, these are the same people that don't want a one percent charge on financial transactions. Maybe if that sort of tax were 0.82 percent, it would be more palatable.

Good catch.

Again - why shouldn't they love America?

And yet Governor Willard "Mitt" Romney would still have paid more in taxes, of all kinds, than any dozen of the professional victims who support the America-hating usurper in the White House. That tells you everything right there about what's wrong with the country.

In absolute dollars, he might. That depends upon who you define as the "professional victims" who support Obama. On the other hand, the person on Social Security Disability will pay more in relative percentages, in that their tax rates are far above 0.82% for even the lowest rung on the graduated tax ladder.

As always, the devil is in the details, as failing to define who has what, gets what and pays what must be defined using the same evaluation system.

In addition, it is important to realize that the person disabled on the job, whose only source of income is SSI because their pension disappeared in the 2007-2008 big crash, is often self-identified as a conservative. This means that Romney dissed his own. Again.

For a person that needed tax deductions and exemptions, a few small business loans, and a tax system that allowed the accumulation of huge wealth to turn around and say upon achieving great wealth, the same government that protected my factories, built roads, educated the children of employees, and pushed for the free trade that made all this wealth possible needs to look elsewhere to support those same elements of infrastructure appears to be a bad sport.

Jeez Lil, fabulous research. What are the rest of us going to do? I have settled into a budget set by my youngest daughter who has found me a very inexpensive place to live and a fabulous place to work on my arthritis. My retirement includes a no stress condition and when I question her on my new lifestyle I get "shut up and read." She knows my frustration of never having enough time to read and she solved it. She also set me up with a Paradise for opera lovers. My satellite radio gives me 24/7 opera performances on my radio that receives on a satellite receiver and two external speakers that receive wirelessly from my computer. The only problem is a 2 second delay from one side of the house to the other. I learn to walk slowly from my office to the living room/bedroom or run like hell from one location to the other. My brain is on a 6 second delay anyway.

I think Reader Rant has figured out the same problem solving and we can either walk slowly from one thread to the other or run like hell. Nothing can be done with my brain.

The truly amazing thing about all this is that those people simply do not grasp that they are among these numbers.
Regardless of their circumstances, they are "the good guys". They have "earned" any hand out they are getting from government by being loyal patriotic Republicans. All blame goes to Democrats; "reverse racism" favoring Black Americans, illegals, chronic welfare recipients(even if they are among that number) single mothers who game the system(even if they are among that number).
Republicans who have made every effort to make President Obama fail cry out that he has failed and must be replaced by a Republican. And the voters believe them. This is madness of a level possibly never seen before.

Back when Bush I was running for his own named presidency, rather than the one where he pretty much ran the show, there was a book called "What's the Matter With Kansas" that spoke of people consistently voting against their own financial interests.

To this day, people think they are going to get hit by the big, whopping death tax, even as it stands at $5 Million and above, and the real hard hit from the tax is over $50 Million. It only really taxes the upper 1 percent.

To this day, people think that lowering taxes on the upper earners is good, even though they will work 20 years to equal one year of the top 2% in earnings taxed at a high dollar number payable to the IRS.

To this day, people think that lowering corporate tax rates is good for their employers, when with deductions, the real hit is envisioned to tax the Fortune 3000, with the highest amount supposed to be paid by the Fortune 100 or 500.

All of these policies that are claimed to make job creation possible by lowering taxes on big corporations are bunkum. Look at what has happened for the past 12 years. No corporation is making lots of jobs in the US. They are offering hundreds and thousands of jobs, but they are overseas and pay $1 a day or maybe $5. Tax cuts do not equate to job creation. If it did, we'd be swimming in jobs.

When taxes went up, under Reagan and under Clinton, job creation went up. When government builds infrastructure using American workers, other jobs are created beyond the shovel ready projects.

Jim Hightower wrote:
Hightower is right. Henry Ford was right.

Ford knew he had to pay his employees enough so that they could purchase the cars he was making. He sold a lot of cars that way. Why are these 'brilliant' entrepreneurs so slow to catch onto this fundamental rule of enterprise?

Because they only think in the short-term.