wtf? really? are you leftists all doing nuts? this is what you voted for. this is what we were voting against. you vote for the destruction of our standard of living. Inflation and spending as far as the eye can see you vilify Romney and Ryan for trying to keep taxes down and then...
Jem I support Clinton tax rates,closing loop holes and the buffeft rule . I dont support Romney paying 13 % on 20 million and Romney and Ryan cutting rates even lower
Romney's particular effective tax has nothing to do with this. R and R said they were going to close loopholes. You voted for more taxes. Now you are against more taxes. You needed to see the light sooner.
I said I am against tax rates for the rich going up any more since theirs went up.I still support closing the loops holes and the buffet rule and the middle class tax rates going back to the Clinton rates
well you are now at odds with the President and the party you cheerlead for. Good Job Mr. President. Keep destroying that GDP.
I am not at odds with the party,the party is not trying to raise tax rates on the rich anymore.Clinton tax rates dont destroy GDP
The presidents own adviser Christine Romer studied this subject. "Tax changes have very large effects: an exogenous tax increase of 1 percent of GDP lowers real GDP by roughly 2 to 3 percent." There is a link to her paper... at the link I cite below. Perhaps you can educate your leftist friends about what must be your parties real intentions... being that they know this. http://www.nber.org/digest/mar08/w13264.html
Corporations are the ones that need to pony up, not individuals. What the corporate tax rate is and what they actually pay are two very different numbers. We need a flat rate for coporate tax with no loop holes, no make believe deductions, no games. Pay a flat rate, period. We can negotiate what that rate should be, but it has to be something. Much as they squawk, they don't want to see a flat rate. They like the game just as it is. Just a partial list of the hustlers below: 1) Exxon Mobil made $19 billion in profits in 2009. Exxon not only paid no federal income taxes, it actually received a $156 million rebate from the IRS, according to its SEC filings. 2) Bank of America received a $1.9 billion tax refund from the IRS last year, although it made $4.4 billion in profits and received a bailout from the Federal Reserve and the Treasury Department of nearly $1 trillion. 3) Over the past five years, while General Electric made $26 billion in profits in the United States, it received a $4.1 billion refund from the IRS. 4) Chevron received a $19 million refund from the IRS last year after it made $10 billion in profits in 2009. 5) Boeing, which received a $30 billion contract from the Pentagon to build 179 airborne tankers, got a $124 million refund from the IRS last year. 6) Valero Energy, the 25th largest company in America with $68 billion in sales last year received a $157 million tax refund check from the IRS and, over the past three years, it received a $134 million tax break from the oil and gas manufacturing tax deduction. 7) Goldman Sachs in 2008 only paid 1.1 percent of its income in taxes even though it earned a profit of $2.3 billion and received an almost $800 billion from the Federal Reserve and U.S. Treasury Department. 8) Citigroup last year made more than $4 billion in profits but paid no federal income taxes. It received a $2.5 trillion bailout from the Federal Reserve and U.S. Treasury. 9) ConocoPhillips, the fifth largest oil company in the United States, made $16 billion in profits from 2007 through 2009, but received $451 million in tax breaks through the oil and gas manufacturing deduction. 10) Over the past five years, Carnival Cruise Lines made more than $11 billion in profits, but its federal income tax rate during those years was just 1.1 percent.