Quote:
Originally Posted by Relentless
The 'job creator' narrative is also disproven. The people benefiting the most and paying the least are the ones who are NOT creating jobs. A business owner who builds a business, works at it every day and hires others is getting pounded. So is every person who works for him. Meanwhile people who push paper around, trust funders and the truly wealthy elite have most of their earnings exempted from 'income' and taxed at a completely unrelated rate.
Minte has been vocal recently about owning a manufacturing plant, employing people and paying a fair wage to his employees. Good for him. Why should his tax rate be more than double what Mitt Romney or Warren Buffet pay? Why should my tax rate be more than double what they pay? Warren Buffet pointed out that his own secretary pays more than double the percentage of her income in taxes that he pays.
If I pay much more than a poor person, I can accept the fact that I am in a better position to shoulder the burden (within reason) and that I have more of a vested interest in preserving the status quo. I can not accept the notion that someone making 50 Million a year should pay less than 1% in taxes for the specific reason that they did not earn their 'income' from payroll or job creation, have lobbied congress to give them specific tax credits or exemptions on dressage horses, or have skirted the IRS with Swiss bank accounts and seek to lead our country without being willing to disclose their own compliance with tax policy. That is EXACTLY what a Romney/Ryan ticket represents.  |
In theory...if someone like Romney has been honest...he has already paid income tax on the monies that he earned and invested...and he no longer pays income tax because his only income now is from the capital gains of his investments and that monies that he had previously earned and invested...is actually being taxed again via capital gains tax but capital gains is taxed at a lower rate than payroll income tax.