PDA

View Full Version : Thanks to US Tax System! Obama pays 20%, Romney Pays 15% but you and I pay 30%



maheenangel74
04-14-2012, 07:39 AM
Do you really know what is wrong with this country? Wealthy are becoming richer and richer and the rest are filling the belly of the corporate best with their sweat and blood.


If you are “Ordinary” men or women doing “Ordinary” jobs and earning “Ordinary” income you have to pay little less than 30% on your “Ordinary” income. Why? Because, you and I don’t have money to invest in money, or



1- in economic terms capital gains (stocks, bonds, real state)

2- We can’t lend and earn interest
3- We don’t get dividends


Read Full Article: http://www.worldrealnews.com/2012/04/14/tax-system-obama-pays-20-romney-pays-15-pay-30/

Stoney
04-14-2012, 07:51 AM
I doubt many of us pay over 20% after deductions and adjustments. We may pay 30% of part of our income, but on average its not nearly that high just counting federal income taxes.

If you don't spend all of your money you will have some left over for investments.

Peter1469
04-14-2012, 08:08 AM
The long term capital gains tax rate is 15%, but remember that money was already taxed as income (either corporate or personal) before you invested it. Don't forget to factor that into your class envy.

keyser soze
04-14-2012, 08:18 AM
The Rich Are Different From You and Me - They Pay Fewer Taxes (http://truth-out.org/news/item/8502-the-rich-are-different-from-you-and-me-they-pay-fewer-taxes)

By Michael Winship and Bill Moyers, Truthout (http://truth-out.org/) | News Analysis
http://truth-out.org/images/041312-winship.jpg
Stephen Schwarzman. (Photo: Fred R. Conrad / The New York Times)
Benjamin Franklin, who used his many talents to become a wealthy man, famously said that the only things certain in life are death and taxes. But if you're a corporate CEO in America today, even they can be put on the back burner - death held at bay by the best medical care money can buy and the latest in surgical and life extension techniques, taxes conveniently shunted aside courtesy of loopholes, overseas investment and governments that conveniently look the other way.
In a story headlined, "For Big Companies, Life Is Good," The Wall Street Journal reports that big American companies have emerged from the deepest recession since World War II more profitable than ever: flush with cash, less burdened by debt and with a greater share of the country's income. But, the paper notes, "Many of the 1.1 million jobs the big companies added since 2007 were outside the U.S. So, too, was much of the $1.2 trillion added to corporate treasuries."




Read more...http://truth-out.org/ (http://truth-out.org/news/item/8502-the-rich-are-different-from-you-and-me-they-pay-fewer-taxes)

Stoney
04-14-2012, 08:30 AM
If the rich have a tax advantage its because our government provides that advantage, Dems and Reps. I think I read somewhere that there will be a vote in Congress Monday on the Buffett rule, and its expected to fail in the Dem controlled Senate.

But its all a diversion to distract from spending. If the bill were to pass it would only reduce the amount of debt the White House expects to incur this year by 5 billion of 1.3 trillion dollars. We need tax reform. But we need to get spending under control first.

Peter1469
04-14-2012, 08:38 AM
America does not have a taxing problem, it has a spending problem. If we collected the Buffet tax for the next 250 years (using today's collection rate) we still would not cover 1 year of Obama's deficits.

MMC
04-14-2012, 01:04 PM
http://ts3.mm.bing.net/images/thumbnail.aspx?q=4886350446592346&id=5a646b09f6d1ed1fe8fb7a3629357cd2&url=http%3a%2f%2fwww.lib.aero%2fgolb%2f2010-05%2fmatt-lesko.jpg http://ts3.mm.bing.net/images/thumbnail.aspx?q=4516459292591990&id=89a9c1d6875f2f5ac93804034fa6485f&url=http%3a%2f%2fi253.photobucket.com%2falbums%2fh h59%2fzoloftn151%2ffreemoneychange.jpg http://ts4.mm.bing.net/images/thumbnail.aspx?q=4534725777358927&id=76ef8fab246cce5f91bbfa21bd7c277f&url=http%3a%2f%2f1.bp.blogspot.com%2f_vwt55TQq-3k%2fSS38o1JuK7I%2fAAAAAAAADok%2ffvAGJ61XXLE%2fs32 0%2fMatthew%2bLesko.jpg
http://ts2.mm.bing.net/images/thumbnail.aspx?q=4838908251540549&id=e63def9022334f19f3dd3249d6ec42e2&url=http%3a%2f%2fwww.leskobooks.com%2fimages%2fqui tland.jpg http://ts2.mm.bing.net/images/thumbnail.aspx?q=5038194721686817&id=89cf53e1654b4338b4cb33fa304f541a&url=http%3a%2f%2fwww.asklesko.com%2fImages%2fbills big.gif
After he finished shooting a commercial promoting Microsoft’s new MSN Search service, infomercial star, Matthew Lesko said, “I can’t believe that Microsoft’s MSN gave me “free money” to dress up as a middle-aged woman, a grandma and a goofy teenager.”

Lesko said it was even more fun than doing his own commercials where he mostly acts goofy and doesn’t get much of a chance to dress up like he did in promoting the MSN Search.
Lesko is the country’s Leading Expert on government money programs and believes that knowing how to access information is the key to success in the USA. He has written over 100 books on information. Two have made it to the New York Times Best Seller list and others have received awards from Library Associations. His books on government programs are even used by Harvard University and also the U.S. Army where he has trained vets from the Iraqi War about benefits they are eligible for outside of the Veterans Administration and the Department of Defense.
Lesko tells taxpayers that, “Even the government doesn’t know the thousands of money programs and services that are available to Americans.”.....snip~

http://mathewlesko.blogspot.com/2008/04/free-money-man-gets-msn-grant-to-dress.html


Look Lesko shows them all how to game the system.....and he has been around for years.