Romney's Tax Returns - thoughts?

iVillage Member
Registered: 11-18-2008
Romney's Tax Returns - thoughts?
163
Tue, 01-24-2012 - 12:52pm

Do you have any feelings about Mitt Romney’s annual income for 2010, and the less-than-15% tax rate he paid?

http://www.nydailynews.com/news/politics/mitt-romney-releases-tax-records-gop-presidential-candidate-paid-3m-14-2010-article-1.1010823

“That means the former Massachusetts governor made about $59,452 every day in that year, dwarfing the median household income of $49,445, according to the U.S. Census Bureau.”

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iVillage Member
Registered: 03-03-2009
Tue, 01-24-2012 - 3:03pm

PFFFFFT! I kinda doubt that Romney is functioning on a latte level!

My brother WORKS at FDA so you can have some assurance that the food you eat and the drugs you take, whether OTC or prescription, are not going to kill you. My son is in Qatar, getting up at 2:30 in the morning for his guard duty stint behind a 50 millimeter firearm on a military installation meant to act as a bulwark against Al Qaeda.

I bitterly resent the "given to govt workers" phrasing and suggest you ask who provides the services you enjoy, apparently without any appreciation whatsoever.

Jabberwocka

iVillage Member
Registered: 04-09-2011
Tue, 01-24-2012 - 3:08pm

It isn't a matter of how much he earned, its a matter of our tax law being inadequate. His effective tax rate should be 2.5 times what he actually paid.

And if you think government employees are living on the backs of others, go ahead, fire them all...

welcome to the wild west, 1870. I've owned a business, I've worked as a government employee. Private enterprise and government has its place, and in fact it was private enterprise that failed this country in 2008 and brought on this crisis, not government, but private industry gets a free ride.

iVillage Member
Registered: 05-03-2011
Tue, 01-24-2012 - 3:09pm
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Yes, me, too.
iVillage Member
Registered: 04-09-2011
Tue, 01-24-2012 - 3:11pm

As someone who worked my tail off in government service, I'm resisting going further into that comment.

iVillage Member
Registered: 09-30-2004
Tue, 01-24-2012 - 3:32pm

"I think part of the issue that people are talking about is the 15% he paid versus the 25% or more that most of us pay...or, as seen above, the 36% that Gingrich paid."

I think it's easy for people to get caught up in what they view as the "bottom line"

iVillage Member
Registered: 09-30-2004
Tue, 01-24-2012 - 3:37pm

I want to further add that I am really saddened by what seems to come across as angry, bitter feelings in this thread. I thought this thread would be open to a mature discussion, but some of you sound so hateful and so I won't be coming back here. :(

iVillage Member
Registered: 04-09-2011
Tue, 01-24-2012 - 3:37pm

I take each person on their own merits.

In general, I believe those wealthy should pay more, in real dollars, and percentage wise. Beyond this, I believe capital gains should be taxed at a far higher rate, in fact, higher than earned wages.

Whether I like or dislike someone is not a function of what they earn, it's a function of their attitude.

Of all the candidates for president, in terms of character, one stands above the rest - and he already has the job.

iVillage Member
Registered: 04-09-2011
Tue, 01-24-2012 - 3:40pm

I have no issue with Mitt, the person, beyond his mistake with his dog. As a candidate, I have lots of issues with his positions, so too Gingrich, so too Paul, and Santorum...

I hope you condemn him for being hateful, because I've never seen anyone moreso.

iVillage Member
Registered: 01-09-2012
Tue, 01-24-2012 - 3:40pm

I say cool, more power to him. He is not president (yet) and he did not make the tax system. He is simply using it as it is now. I personally would take any tax break that I am legally able to, especially if I am already giving that many millions to charity.

I look at it this way, too. Public programs (some) depend on tax dollars. 15% of his millions of salary is a lot more than 15% of my salary, so we ALL benefit from what he makes, even if he pays less in tax in proportion to what the 'average' person makes.

I am not for income equality. If someone gets lucky and gets a better job, good. He does not need to apologize for his success. If someone illegally cheats on taxes, that is one thing but if the system allows that, then we need to blame the system, not the people using it.

We have to stop demonizing the rich. Who would not be rich if they could? Demonize the broken system that allows for loopholes. Leave the people who manage to be successful alone. Money does not equal evil.

iVillage Member
Registered: 05-03-2011
Tue, 01-24-2012 - 3:42pm
Yes, me, too. There are so many people who, for a variety of reasons, didn't choose the path that Romney chose because it wouldn't be personally fulfilling and they wanted to make a difference. I don't envy Romney his money. What I do question is what kind of society do we have where people who are vitally important to the country are treated like crap by other citizens, sneered at, and wrongly blamed for the ills of our country. Romney may have made a boatload of money, but what he did to earn it would be soul-killing for a large segment of our society. I don't envy him nor do I admire him as I don't think what his job was is very important, nor do I think it deserves such obscene pay.

I do question his parking his money in offshore accounts.

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