"Romney campaign comes up with worst talking point ever."

[Chakravartin]

Ombligo wrote:
[quote=Avenger]
His tax rates don't bother me as long as it is legal.

I'm going to go take a shower after typing this but Avenger/Dakota is 100% correct on that point.

The American public is highly hypocritical. They fault candidates for doing exactly what nearly everyone of them would do. to wit - avoid taxes wherever possible and legal.
Interesting conundrum... He seems to be in a position where he has committed federal crimes nomatter which way he jumps.

If, in fact, he was in charge at Bain Capital thru 2002 (or later) then he committed financial reporting fraud punishable by fines and imprisonment.

If, in fact, he was NOT in charge at Bain Capital thru 2002 (or later) then Bain & Company committed financial reporting fraud punishable by fines and imprisonment. And as he was still employed by Bain & Company as a consultant at that time and his signature is on the SEC filings he'd be implicated as a co-conspirator.

http://taft.law.uc.edu/CCL/33Act/sec17.html

[August West]

The American public is highly hypocritical. They fault candidates for doing exactly what nearly everyone of them would do. to wit - avoid taxes wherever possible and legal.

This is nothing new, nor unexpected. Caesar's wife must be beyond reproach.

[Black]

Ombligo wrote:
The American public is highly hypocritical. They fault candidates for doing exactly what nearly everyone of them would do. to wit - avoid taxes wherever possible and legal.

Sorry, there are definitely people out there, still, in 2012, who do not agree with this philosophy and cling to an (unfortunately) old-fashioned ideal of "paying their fair share."

[Black]

Chakravartin wrote:
[quote=Ombligo]
[quote=Avenger]
His tax rates don't bother me as long as it is legal.

I'm going to go take a shower after typing this but Avenger/Dakota is 100% correct on that point.

The American public is highly hypocritical. They fault candidates for doing exactly what nearly everyone of them would do. to wit - avoid taxes wherever possible and legal.
Interesting conundrum... He seems to be in a position where he has committed federal crimes nomatter which way he jumps.

If, in fact, he was in charge at Bain Capital thru 2002 (or later) then he committed financial reporting fraud punishable by fines and imprisonment.

If, in fact, he was NOT in charge at Bain Capital thru 2002 (or later) then Bain & Company committed financial reporting fraud punishable by fines and imprisonment. And as he was still employed by Bain & Company as a consultant at that time and his signature is on the SEC filings he'd be implicated as a co-conspirator.

http://taft.law.uc.edu/CCL/33Act/sec17.html
So who's responsibility is it to pursue legal action against him?

[Dennis S]

It would be unseemly for the DOJ to go after him right now or even after the election.

[Avenger]

>>I 'm not sure I agree that any of us would skirt tax laws and ethics the way that Mitt Romney has<<

Now this is new. When did he "skirt" tax laws? You say ordinary people will be outraged to see him pay less than 15% or so. Do you know what is the average effective individual income tax rate in America in 2007?

3.3% for the middle quantile. 3.3%

http://www.taxpolicycenter.org/taxfacts/...?Docid=456

The much maligned top 1% pays 19%. The indignation should go the other way.

[john dough]

Why do you even try? Give up this forum, you are getting killed.

[lafinfil]

Moving your money to off shore accounts certainly does not help to reenforce the argument that tax cuts create jobs through reinvestment, unless your jobs program is directed towards employment for CPA's and Bermuda Mailbox Plus franchises.

[Pam]

Avenger wrote:
>>I 'm not sure I agree that any of us would skirt tax laws and ethics the way that Mitt Romney has<<

Now this is new. When did he "skirt" tax laws? You say ordinary people will be outraged to see him pay less than 15% or so. Do you know what is the average effective individual income tax rate in America in 2007?

3.3% for the middle quantile. 3.3%

http://www.taxpolicycenter.org/taxfacts/...?Docid=456

The much maligned top 1% pays 19%. The indignation should go the other way.

Can someone explain the difference between the first two charts? It's bedtime for me and my brain doesn't function as well this late in the evening. I know my final tax rate was above 14% in 1997 and I'm no where near close to being in the 1%. The first chart makes more sense.

Aside from not understand the charts, you can't get blood out of a turnip. I don't know how much you make Dakota, but folks like teachers, police, firemen, etc. can't possibly give up another 10%. Even with a flat tax percentage those who make more will pay more than those who make less. The wealthy will also have to give up their tax shelters.

Again though, this is misdirection to get people fighting with themselves while the ones pulling the puppet strings enjoy the show.

[hal]

Dakota is under the impression that he's is pointing to distribution of taxes... but he is not...

perhaps he intended to post THIS link instead... http://www.taxpolicycenter.org/taxfacts/...?DocID=458&Topic2id=20&Topic3id=22

or this one: http://www.taxpolicycenter.org/taxfacts/...?DocID=366&Topic2id=30&Topic3id=31

I'm sure Dak will come by and explain all the details so that we dummies can better understand...