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Do you have a higher effective tax rate than mitt romney

Do you have a higher effective tax rate than mitt romney?

  • Yes

    Votes: 21 53.8%

  • No

    Votes: 18 46.2%
  • Total voters
    39
Without looking (or caring), I'm sure I do, but I don't have the number of tax write-offs he does and if I did, you'd be damn sure I'd be taking them. I don't care what his tax rate is.
 

People call SS/Medicare "the entitlements" as a shorthand, and that descriptor is used by those who want to defend the system against necessary reform. SS is and has always been a tax, which is why you are not, in fact, "entitled" to a single dime.

However, it is also not part of FIT, and adding multiple taxes together to compare against anothers' single tax rate is to deliberately compare apples and oranges.
 
"Multiple taxes" my ass. They both come out of my paycheck and are based on how much I make. What you're saying is a dodge by politicians and others who want people to only look at the moving hand instead of the one holding the disappearing coin.
 
MoSurveyor said:
"Multiple taxes" my ass.
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:shrug: well I don't know about your buttocks, but the fact is that payroll and FIT are indeed different taxes. not really sure why that is a shocker to you.

They both come out of my paycheck and are based on how much I make.
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that is not necessarily true, however, color me curious - do you consider unemployment to be a tax you pay?
 

Its a common tactic of the "tax the rich more" parasites. the fact is-Mitt pays a higher effective FIT rate than 97% of the country so the people who voted yes are either liars or we have a ton of people on this board making well over 200K a year
 
I pay about the same as he does now. When I wasn't married it was more. Someday, I will conjure my own ways to **** the system as well.
 
I understand, the names have been changed to protect the guilty. It happens all the time in accounting - ask any tax lawyer.

In 40 years of employment I've never had a paycheck that didn't have FICA (under that label or some other) taken out of my paycheck, nor do I know of anyone else who has never had it deducted. But, I'm not saying that applies to every single job in America. A few industries have some odd rules.

I don't count my employer's contribution to FICA as part of my Fed taxes, either.
 

Looks like I pay about 17.2% in income taxes according to that calculator, so I pay more than Romney. Although everyone should bear in mind that this only calculates INCOME taxes...when you also include payroll taxes, it skews effective rates even more in favor of the wealthy.
 
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