Once you factor in self-employment tax, it becomes remarkably clear how much the tax code has been tilted to benefit the very rich. And they still feel oppressed.

We all know this scam. The tax burden falls on the employee who is treated like an employee but paid as a "contract worker" while the employer skips out on their share of the payroll and medicare taxes and worker's comp to boot. Meantime, employers take their pay as "capital gains" holding their personal tax burden to 15% or less with no payroll tax because it's not "earned income." What a joke, and people still think the tax code unfairly taxes the rich while the workers pay nothing. Give me a break!

We live in one.

....and taxing them makes them feel like you are taking away what they are...

Last edited Sun Sep 23, 2012, 05:25 PM - Edit history (1)

He didn't. The current euphemism is "unearned income" ... which isn't quite right, either. One thing's certain ... somebody worked their ass off for that money, but it wasn't the MittWit. That's his 'entitlement cut' ... the legalized extortion he benefits from. It's the income he receives from the labors of others. Just like the King could take what he wanted from 'allowing' peasants to farm his land, we have a corporate system today wherein labor only receives less than 30% of the value of their labor in the form of "total employee compensation." The rest goes to the Entitlement Class ... our Ruling Class.

The labor portion receives the lowest proportion of the company earnings...

How come the majority doens't really understand this? uneducated? brainwashed?

As I understand it, the tax forms he released for 2011 were preliminary forms that can be revised. Chances are he will pay a far lower rate than 14.1%

...will be lower than 14.1%. You're correct, this IS NOT his 2011 return, that one isn't complete yet. And even if it was, he'll amend that return when the spotlight's off him and Obama is in his second term. I'll bet he gets even and finds a way to get it under 10%.

what EVERYONE KNOW about this, including the right wing.

@truthteam2012

How Romney's tax plan helps the wealthy at the expense of the middle class:

http://t.co/9TS3lIO5

A teahead I work with and this is what he said "So what, is Obama going to increase the tax rate on capital gains?" ...

"Romney's income is derived from capital gain not earnings so unless the President is going to increase capital gains tax rate which will impact every single middleclass voter that has money in a 401K or IRA or any investment than your point about Romney's tax rate is moot.

Then he ranted: "do you even realize that Romney gave over 4 million of those investment gains to charity, for an effective charity rate of about 30 percent, so he pays 14 percent to government and 30 percent to charity meaning that 44percent of his income is redistributed but the important point is it is redistributed by him not by ineffective government. Then I get "Do you really trust government to be a good arbiter of our money? Do you really support giving government more to ineffectively do the jobs that it promises to the American people"


and on and on....

I don't even know where they get this stuff from, most of it is just made up B.S... .I guess...

. . . when he's yet to fully divulge just how much money he actually made off of offshore investments and the like.

More to the point, adjusted growth income (that Mitt and his defenders are using as a baseline) is normally substantially lower than total income.

What's Mitt hiding?

....he could have paid 25% in a year he made only $100, and 5% in a year he made $5M. Not knowing how these "averages" were calculated, it could be that he paid an "average" of 20% over these two years when he really only had an effective rate of barely over 5%.

This is an extreme example, but until we know what OTHER candidates disclose, he could be scamming us. I don't think this is going to fly as the week goes on. Remember, he released this on Friday afternoon, I'll bet Matthews, Schultz, et. al. are frothing to get into the details come tomorrow afternoon.

everybody should pay around the exact same amount of money in taxes, regardless of income. They don't pay attention to the percentage of income paid in taxes. To them, there's nothing wrong with this picture at all.

The first rich guy I want to see taxes raised upon - is mitt wrongney. Him before even the koch brothers and adelson and company. HIM FIRST.

Because the dirty little secret is that all of the RICH, all of them have the means and ability to move, hide and play the system. You and I don't get to game the system it is rigged in their favor and unless you seriously just take a straight percent of their earnings you can't beat them.

I support a flat tax for everyone making about 250K per year 40 percent flat tax not loopholes, no deductions, no gaming the system you pay your fair share....

but no one is even talking about anything like that....

. . . which Romney has used to enrich himself with a substantial break on his investment income. The President has included the changes in his economic proposals and Congress is also focusing on the ridiculous tax benefit to wealthy investors like Romney and his Bain buds.