Meet The Candidates: 2012 GOP Thread

[GMScud]

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.

[NC_Skins]

Originally Posted by GMScud

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.

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

[GMScud]

Originally Posted by NC_Skins

Which is tax deductible? Didn't 2 mil of that go to his church?

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.

[Hog1]

Originally Posted by GMScud

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.

^^^^^^^^

[firstdown]

Originally Posted by GMScud

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.

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.

[GMScud]

Originally Posted by NC_Skins

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

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.

[dmek25]

Originally Posted by GMScud

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.

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

[GMScud]

Originally Posted by dmek25

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

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

[NC_Skins]

Gingrich: Campaign worker’s signature fraud cost slot on Virginia ballot – CNN Political Ticker - CNN.com Blogs

Analysis: Wall St. cash flows to Romney over Obama | Reuters



I often wonder how guys like this are even remotely close to a nomination for the Presidential campaign, but then I am reminded that these guys also had followers too.













Also, this.

Low IQ & Conservative Beliefs Linked to Prejudice - Yahoo! News

[NC_Skins]

Prison Planet.com » Republican Establishment Excludes Ron Paul From 2012 CPAC Event



To say that elections aren't rigged or staged is laughable. They are. The media and corporate sponsors put people they deem viable into play. You just get to vote for one of those puppets.

You Tube

[firstdown]

Originally Posted by NC_Skins

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

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.

[NC_Skins]

Originally Posted by firstdown

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.

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

[firstdown]

Originally Posted by NC_Skins

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

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.