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Mitt Romney's Tax Plan

Lordknukle
Posts: 12,788
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1/5/2012 9:30:06 PM
Posted: 4 years ago
1. That comes from Thinkprogress. You don't seriously think that it is trustworthy, do you?
2. Trickle down economics.
3. It is false.
"Easy is the descent to Avernus, for the door to the Underworld lies upon both day and night. But to retrace your steps and return to the breezes above- that's the task, that's the toil."
Lordknukle
Posts: 12,788
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1/5/2012 9:30:24 PM
Posted: 4 years ago
Not trickle down economics, the analyzation of his tax plan.
"Easy is the descent to Avernus, for the door to the Underworld lies upon both day and night. But to retrace your steps and return to the breezes above- that's the task, that's the toil."
jimtimmy
Posts: 3,953
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1/5/2012 9:33:38 PM
Posted: 4 years ago
At 1/5/2012 9:26:37 PM, Johnicle wrote:
http://thinkprogress.org...

Thoughts?

I, for one, am sick of the Democrat's push to punish all forms of success.

Fix'd
President of DDO
16kadams
Posts: 10,497
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1/5/2012 9:35:15 PM
Posted: 4 years ago
At 1/5/2012 9:33:38 PM, jimtimmy wrote:
At 1/5/2012 9:26:37 PM, Johnicle wrote:
http://thinkprogress.org...

Thoughts?

I, for one, am sick of the Democrat's push to punish all forms of success.

Fix'd

lol
https://www.youtube.com...
https://rekonomics.wordpress.com...
"A trend is a trend, but the question is, will it bend? Will it alter its course through some unforeseen force and come to a premature end?" -- Alec Cairncross
16kadams
Posts: 10,497
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1/5/2012 9:35:31 PM
Posted: 4 years ago
I like his plan.
https://www.youtube.com...
https://rekonomics.wordpress.com...
"A trend is a trend, but the question is, will it bend? Will it alter its course through some unforeseen force and come to a premature end?" -- Alec Cairncross
Contra
Posts: 3,941
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1/5/2012 9:36:13 PM
Posted: 4 years ago
I have heard bits of pieces of Mitt Romney's economic tax plan. The extension of the Bush tax cuts is not a good idea. The Capital Gains idea (no Cap. Gains tax with people with incomes $250,000 or less) I think is a good idea. However, his plan is, and I quote, weak and timid. However, the ultra rich have enough money. I do agree with lower corporate tax of 27- 28% and shock --- I'm a liberal. Of course, close all loopholes and then I support what I just said.

We need real tax reform, ending loopholes, encouraging alternate renewable energy sources, a more progressive, but fair and transparent tax system. A system that levels the playing field but rewards success.
"The solution [for Republicans] is to admit that Bush was a bad president, stop this racist homophobic stuff, stop trying to give most of the tax cuts to the rich, propose a real alternative to Obamacare that actually works, and propose smart free market solutions to our economic problems." - Distraff

"Americans are better off in a dynamic, free-enterprise-based economy that fosters economic growth, opportunity and upward mobility." - Paul Ryan
ConservativePolitico
Posts: 8,210
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1/5/2012 9:47:39 PM
Posted: 4 years ago
At 1/5/2012 9:36:13 PM, Contra wrote:
I have heard bits of pieces of Mitt Romney's economic tax plan. The extension of the Bush tax cuts is not a good idea. The Capital Gains idea (no Cap. Gains tax with people with incomes $250,000 or less) I think is a good idea. However, his plan is, and I quote, weak and timid. However, the ultra rich have enough money. I do agree with lower corporate tax of 27- 28% and shock --- I'm a liberal. Of course, close all loopholes and then I support what I just said.

We need real tax reform, ending loopholes, encouraging alternate renewable energy sources, a more progressive, but fair and transparent tax system. A system that levels the playing field but rewards success.

If we want buisness to thrive and grow here we must lower the corperate tax even farther than that. I say 15-20% at the most.

The lower the tax the more buisness that will show up.
More buisness = more capital flow
More capital flow = greater tax revenue

'nuff said
16kadams
Posts: 10,497
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1/5/2012 9:49:28 PM
Posted: 4 years ago
At 1/5/2012 9:36:13 PM, Contra wrote:
I have heard bits of pieces of Mitt Romney's economic tax plan. The extension of the Bush tax cuts is not a good idea. The Capital Gains idea (no Cap. Gains tax with people with incomes $250,000 or less) I think is a good idea. However, his plan is, and I quote, weak and timid. However, the ultra rich have enough money. I do agree with lower corporate tax of 27- 28% and shock --- I'm a liberal. Of course, close all loopholes and then I support what I just said.

We need real tax reform, ending loopholes, encouraging alternate renewable energy sources, a more progressive, but fair and transparent tax system. A system that levels the playing field but rewards success.

sounds like a flat tax you speak of.
https://www.youtube.com...
https://rekonomics.wordpress.com...
"A trend is a trend, but the question is, will it bend? Will it alter its course through some unforeseen force and come to a premature end?" -- Alec Cairncross
mongeese
Posts: 5,387
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1/5/2012 10:00:58 PM
Posted: 4 years ago
I don't have a problem with a movement towards a flat tax, although I would prefer the abolition of the income tax entirely, so much as his claim that he's focused on the middle glass. Granted, I believe that trickle-down economics works to an extent, but it will most definitely help the rich more than the poor.
Johnicle
Posts: 888
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1/6/2012 1:49:35 AM
Posted: 4 years ago
At 1/5/2012 9:30:06 PM, Lordknukle wrote:
1. That comes from Thinkprogress. You don't seriously think that it is trustworthy, do you?

Don't make fun of the source... make fun of the source they cite. Which is legitimate.
t
As far as the rest of the comments go. We do not live in a flat tax system, it is a regressive tax system (especially in my state).
DanT
Posts: 5,693
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1/6/2012 6:33:44 AM
Posted: 4 years ago
At 1/5/2012 9:26:37 PM, Johnicle wrote:
http://thinkprogress.org...

Thoughts?

I, for one, am sick of the GOP's push for a regressive tax system.

We should have a flat tax. The only fair income tax is a flat tax.
"Chemical weapons are no different than any other types of weapons."~Lordknukle
16kadams
Posts: 10,497
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1/6/2012 6:51:21 PM
Posted: 4 years ago
At 1/6/2012 6:33:44 AM, DanT wrote:
At 1/5/2012 9:26:37 PM, Johnicle wrote:
http://thinkprogress.org...

Thoughts?

I, for one, am sick of the GOP's push for a regressive tax system.

We should have a flat tax. The only fair income tax is a flat tax.

second most true thing ever said that I have seen via DDO...now what was the first? lol I hate being terrible at remembering ppl's words...
https://www.youtube.com...
https://rekonomics.wordpress.com...
"A trend is a trend, but the question is, will it bend? Will it alter its course through some unforeseen force and come to a premature end?" -- Alec Cairncross
OMGJustinBieber
Posts: 3,484
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1/6/2012 6:59:38 PM
Posted: 4 years ago
This kind of troubled me. Cut taxes on the wealthy - fine, but a few sources are saying that under Romney's plan taxes are actually raised on the lowest income earners.

http://www.huffingtonpost.com...
Contra
Posts: 3,941
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1/6/2012 9:33:18 PM
Posted: 4 years ago
About lowering the corporate tax to 15-20%...

If a business want to enter the U.S., and enjoy the most productive workforce in the world, take advantage of our stable justice system, and make tons of cash from our nation I say go for it. However, if you want to keep the funds available to help future generations as well you need to pay your fair share in taxes.

About Flat tax being fair...

I think it is regressive overall. However, a flat corporate tax... I have no opinion on that so if anyone wants to convince me I don't know yet
"The solution [for Republicans] is to admit that Bush was a bad president, stop this racist homophobic stuff, stop trying to give most of the tax cuts to the rich, propose a real alternative to Obamacare that actually works, and propose smart free market solutions to our economic problems." - Distraff

"Americans are better off in a dynamic, free-enterprise-based economy that fosters economic growth, opportunity and upward mobility." - Paul Ryan
TheAtheistAllegiance
Posts: 1,251
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1/6/2012 10:19:57 PM
Posted: 4 years ago
At 1/6/2012 9:33:18 PM, Contra wrote:
About lowering the corporate tax to 15-20%...

If a business want to enter the U.S., and enjoy the most productive workforce in the world, take advantage of our stable justice system, and make tons of cash from our nation I say go for it. However, if you want to keep the funds available to help future generations as well you need to pay your fair share in taxes.

About Flat tax being fair...

I think it is regressive overall. However, a flat corporate tax... I have no opinion on that so if anyone wants to convince me I don't know yet

If smaller companies have to pay less than larger companies, it will help them stay in business and compete with the larger companies. More competition is generally something that spurs innovation and efficiency, so that could be an argument in favor of a progressive corporate tax.
mongeese
Posts: 5,387
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1/7/2012 12:11:42 AM
Posted: 4 years ago
One problem with a regressive corporate income tax is that it kills economies of scale. It also encourages companies to stay small and not invest and expand. If tax rates increase with an increase in revenue, the diminishing returns on expansion diminish more quickly, leading to a misallocation of market resources.