Re: Meet The Candidates: 2012 GOP Thread
 

[quote=GMScud;878877]I love how no one has mentioned that of the two years of income in question, Romney gave away 17+% of it ($7M) to charitable causes.[/quote]


Which is tax deductible? Didn't 4 mil of that go to his church? He does that out of beliefs.

Re: Meet The Candidates: 2012 GOP Thread
 

[quote=NC_Skins;878884]Which is tax deductible? Didn't 2 mil of that go to his church?[/quote]

Pretty sure it's tax deductible. I think $3-$4M went to the Church of LDS. And the rest was spread out.

Also, his tax rate is lower because a big chunk of his income came from a private equity firm that he co-founded. Basically none of his income comes from wages. It's all investments, interest, and dividends. So he's not paying any payroll taxes- medicare, SS, etc.

He's not breaking any tax laws. Granted, these laws should be changed so this kind of income gets taxed more reasonably, but he shouldn't be villified for his success on the up-and-up in a tax system that he didn't put in place.

Re: Meet The Candidates: 2012 GOP Thread
 

[quote=NC_Skins;878884]Which is tax deductible? Didn't 4 mil of that go to his church? He does that out of beliefs.[/quote]

Yeah. No one mentions Romney giving away 17% of his $41M. Interestingly, it's been completely glossed over that Obama only gave away a whopping 1% of his earnings in that same time frame.

Re: Meet The Candidates: 2012 GOP Thread
 

[quote=GMScud;878892]Pretty sure it's tax deductible. I think $3-$4M went to the Church of LDS. And the rest was spread out.

Also, his tax rate is lower because a big chunk of his income came from a private equity firm that he co-founded. Basically none of his income comes from wages. It's all investments, interest, and dividends. So he's not paying any payroll taxes- medicare, SS, etc.

He's not breaking any tax laws. Granted, these laws should be changed so this kind of income gets taxed more reasonably, but [B]he shouldn't be villified for his success on the up-and-up in a tax system that he didn't put in place[/B].[/quote]
^^^^^^^^

Re: Meet The Candidates: 2012 GOP Thread
 

[url=http://www.thepostgame.com/commentary/201201/craig-james-most-hated-man-west-texas]Craig James: The Most Hated Man In West Texas | ThePostGame[/url]

Couldn't have happened to a better douche bag.


[quote]Not so much. Public Policy Polling just came out of the field with news that only 2 percent of Texas Republicans will vote for him for U.S. Senate. It's early yet, but if Republican political consultant Brian Mayes is correct, 2 percent is about where we should expect him to end up. In the interests of disclosure, I'm working for one of the Democrats in the race, and we aren't concerned with James in the slightest.[/quote]

What did this asshole expect?...lol

Re: Meet The Candidates: 2012 GOP Thread
 

[quote=NC_Skins;878884]Which is tax deductible? Didn't 4 mil of that go to his church? He does that out of beliefs.[/quote]

So you think Mitt donated 4 million to avoid paying a 13% tax on that money.LMAO So what that means is he gave away 4 million to save $680,000 of that 4 million. If he did not donated the money he would have had $3,320,000 in his pocket after taxes.

Re: Meet The Candidates: 2012 GOP Thread
 

[quote=GMScud;878892]Pretty sure it's tax deductible. I think $3-$4M went to the Church of LDS. And the rest was spread out.

Also, his tax rate is lower because a big chunk of his income came from a private equity firm that he co-founded. Basically none of his income comes from wages. It's all investments, interest, and dividends. So he's not paying any payroll taxes- medicare, SS, etc.

He's not breaking any tax laws. Granted, these laws should be changed so this kind of income gets taxed more reasonably, but he shouldn't be villified for his success on the up-and-up in a tax system that he didn't put in place.[/quote]

You do understand that SS is capped after the first 106,000 a person earns and anything over that is not have a SS tax.

Re: Meet The Candidates: 2012 GOP Thread
 

[quote=GMScud;878893]Yeah. No one mentions Romney giving away 17% of his $41M. Interestingly, it's been completely glossed over that Obama only gave away a whopping 1% of his earnings in that same time frame.[/quote]
wonder what that means in the grand scheme of things? because you know damned well O didnt make the kind of cash that Romney did...or at least claimed

Re: Meet The Candidates: 2012 GOP Thread
 

[quote=firstdown;879458]So you think Mitt donated 4 million to avoid paying a 13% tax on that money.LMAO So what that means is he gave away 4 million to save $680,000 of that 4 million. If he did not donated the money he would have had $3,320,000 in his pocket after taxes.[/quote]

No, I'm saying he "donated" that 4 million out of religious beliefs and not anything to do with saving money.

Re: Meet The Candidates: 2012 GOP Thread
 

[quote=dmek25;879480]wonder what that means in the grand scheme of things? because you know damned well O didnt make the kind of cash that Romney did...or at least claimed[/quote]

I was speaking in terms of a percentage of earnings, not a dollar amount.

Re: Meet The Candidates: 2012 GOP Thread
 

[quote=NC_Skins;879512]No, I'm saying he "donated" that 4 million out of religious beliefs and not anything to do with saving money.[/quote]

I took it the other way around. Like he just donated the money to avoid taxes. I have heard others say that here and everytime I heard that I just have to laugh.

Re: Meet The Candidates: 2012 GOP Thread
 

Does the dollar donated to avoid the tax collector do less good will than the dollar donated in complete benevolence?
--Moshe Dayan.....

Re: Meet The Candidates: 2012 GOP Thread
 

Mitt slaughtered 'em down there in my old home state.

I wouldn't mind seeing fellow Gator Marco Rubio get on the ticket with Mitt. That could be formidable.

Re: Meet The Candidates: 2012 GOP Thread
 

of all of the talk about O being an elitist, Romney is so far out of touch with the every day Joe's it isn't even funny. ill bet all of the big corporations will line up to donate to his campaign once the big show starts

Re: Meet The Candidates: 2012 GOP Thread
 

[quote=dmek25;880855][B]of all of the talk about O being an elitist, Romney is so far out of touch with the every day Joe's it isn't even funny.[/B] ill bet all of the big corporations will line up to donate to his campaign once the big show starts[/quote]

funny isn't it