See, now that's a half truth, not only on Romney's plan, but the overall history of the tax code and revenues generated. While Romney proposes to reduce the tax rate by 20%, he's also proposed limiting deductions too.
The same should be said for historical tax rates too. While rates are lower, there are fewer deductions people can make as well.
If we're so concerned with the wealthy "paying their fair share" and paying the same effective rate as middle income earners, how come there is an AMT for them? How come Romney pays a percentage that is more than 97% of Americans?
@ 'he's also proposed limiting deductions too':
oh yeah, like what?
please be specific. you would literally be the first and only person on the face of the earth privy to that knowledge. you know why? BECAUSE IT DOESN'T EXSIST. romney and his surrogates have, at best, only
talked about
maybe tightening up charitable donation deductions. THAT'S IT. when anyone presses him or his circle for details, they're told that it's congress' job to come up with the details. there's no plan or anything in writing. except for that whole $5 trillion loss in revenue through alleged 'tax reform'. you can't claim credit for something romney has only talked about maybe doing and deferred the details of his alleged plan to the most inept branch of elected government. sorry.
(and it's hilarious that he'd choose deduction loopholes bc he totally manipulated his itemized deductions to appear to have paid more in taxes in 2011 than he really owed.)
the problem with your arguments are that THEY ARE NOT YOUR OWN. you have used the words of others and then carved yourself an indefensible hole btwn misinformation and talking points. you're defending positions you have little to no knowledge about. it's quite embarassing to even respond to you. i mean, wtf is a 'historical tax rate' anyway?
@ 'while rates are lower, there are fewer deductions people can make as well'
so it's becoming quite apparent that you kind of just make up stuff and run with it.
MORE EARNED INCOME TAX FILERS FILED FOR MORE DEDUCTIONS LAST YEAR THAN AT ANY POINT IN ANY TIME IN THE HISTORY OF TAX COLLECTION.
EVER.
OF ALL TIME.
'If we're so concerned with the wealthy "paying their fair share" and paying the same effective rate as middle income earners, how come there is an AMT for them? How come Romney pays a percentage that is more than 97% of Americans?'
and you've just shown everyone you know absolutely nothing about the alternative minimum tax code. i'm not even going to respond to this. i can't anwer 'how come romney pays a percentage that is more than 97% of americans' because he doesn't. have you forgotten that he released his tax filings from 2011? it's public knowledge.
romney used the amt to qualify for 0% tax liability on his earned income. he could have gotten rid of his amt liability by disclosing all of the amount of money he donated to 'charity'. MITT ROMNEY PURPOSEFULLY ALLOWED HIMSELF TO BE HIT WITH AMT LIABILITY BC HE OFFSET HIS ORDINARY INCOME THROUGH ITEMIZED DEDUCTIONS. amt liability + capital gains, dividends, interest tax rates < earned income tax rates.
if i ask you how come apples are blue, how would you respond?
this is asanine. you won't even come up with original arguments for me to debate with. i'm left with obliterating the words of others who are not here to defend what they said or meant. i'm left with a misinformed niketalk poster who thinks mitt romney pays a percentage more in taxes than 97% of americans bc... well, i don't really know. you're either misinformed, or intentionally ignorant.