Striper Talk Striped Bass Fishing, Surfcasting, Boating

     

Left Nav S-B Home FAQ Members List S-B on Facebook Arcade WEAX Tides Buoys Calendar Today's Posts Right Nav

Left Container Right Container
 

Go Back   Striper Talk Striped Bass Fishing, Surfcasting, Boating » Striper Chat - Discuss stuff other than fishing ~ The Scuppers and Political talk » Political Threads

Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi:

 
 
Thread Tools Rate Thread Display Modes
Old 09-20-2012, 08:36 AM   #1
Piscator
Registered User
iTrader: (0)
 
Piscator's Avatar
 
Join Date: Oct 2006
Location: Marshfield, Ma
Posts: 2,150
Quote:
Originally Posted by spence View Post
Statements like this only reaffirm my believe that many people don't have a clue what a real Liberal is...
-spence
Spence,

Please share what a REAL liberal is and what a FAKE liberal is.

Thanks!

"I know a taxidermy man back home. He gonna have a heart attack when he see what I brung him!"
Piscator is offline  
Old 09-23-2012, 11:57 AM   #2
rphud
GrandBob
 
Join Date: Apr 2001
Posts: 3,554
I am amazed how infrequently the "redistribution of wealth" issue and quote is brought up. Probably the single most socialistic statement any politician has dared to make publicly.



rphud is offline  
Old 09-23-2012, 12:20 PM   #3
spence
Registered User
iTrader: (0)
 
spence's Avatar
 
Join Date: Nov 2003
Location: RI
Posts: 21,496
Quote:
Originally Posted by rphud View Post
I am amazed how infrequently the "redistribution of wealth" issue and quote is brought up. Probably the single most socialistic statement any politician has dared to make publicly.
Probably because it's taken out of context and hence isn't very newsworthy.

Listen to the full statement.

-spence
spence is offline  
Old 09-23-2012, 12:38 PM   #4
justplugit
Registered Grandpa
iTrader: (0)
 
justplugit's Avatar
 
Join Date: Nov 2003
Location: east coast
Posts: 8,592
WSJ reports Romney paid an effective tax rate of 14.1% for 2011 and
an annual effective rate of 20.2% for the 20 year span from 1990 to 2009.
Prolly about right for a guy who pays most of his taxes based on IRS capital
gains income law.

" Choose Life "
justplugit is offline  
Old 09-23-2012, 12:42 PM   #5
spence
Registered User
iTrader: (0)
 
spence's Avatar
 
Join Date: Nov 2003
Location: RI
Posts: 21,496
Quote:
Originally Posted by justplugit View Post
Prolly about right for a guy who pays most of his taxes based on IRS capital gains law.
Why do you think bankers give so much to Congress? To give them tax loopholes to defer their income with.

-spence
spence is offline  
Old 09-23-2012, 01:26 PM   #6
rphud
GrandBob
 
Join Date: Apr 2001
Posts: 3,554
I was just very surprised to hear the words. Especially since everything seems to get taken out of context.

Last edited by rphud; 09-23-2012 at 04:12 PM.. Reason: typo
rphud is offline  
Old 09-23-2012, 04:40 PM   #7
justplugit
Registered Grandpa
iTrader: (0)
 
justplugit's Avatar
 
Join Date: Nov 2003
Location: east coast
Posts: 8,592
Quote:
Originally Posted by spence View Post
Why do you think bankers give so much to Congress? To give them tax loopholes to defer their income with.

-spence
Of course, everyone gives to a candidate or party because they want something.

However, the purpose of a lower long term capital gains tax is to keep the
money invested in a company for long term use so it helps to capitalize,
grow the company, and hire more employees. Nothing wrong with that.

" Choose Life "
justplugit is offline  
Old 09-23-2012, 06:51 PM   #8
spence
Registered User
iTrader: (0)
 
spence's Avatar
 
Join Date: Nov 2003
Location: RI
Posts: 21,496
Quote:
Originally Posted by justplugit View Post
Of course, everyone gives to a candidate or party because they want something.
Any why Romney's tax plan will fall apart, every deduction has a constituency and he's not going to name names before the election.

Quote:
However, the purpose of a lower long term capital gains tax is to keep the money invested in a company for long term use so it helps to capitalize, grow the company, and hire more employees. Nothing wrong with that.
No, those are the tax rules that you and I follow.

A fund manager get's to set the initial value of profit they're entitled as part of their contract at zero if they want and be listed as a partner...even if they know the value should be higher...

It's even more crazy when you look at Romney's retirement account. He can then take these "worthless" profit shares and sell them into his 401K, where they grow like mushrooms tax free and circumvent contribution limits.

Worse, Romney then cut a deal where he gets his profit share for 10 years after employment...even though he's not working? These aren't priced options that any top exec would get...they're special.

I'm still curious to understand if he's really used Cayman firms so his IRA can invest back in Bain and avoid the tax hit.

Bottom line...there's a lot of tax talking points out there...but we're talking about someone who doesn't even reflect the 1%.

This is like fingers on one hand kind of stuff.

-spence
spence is offline  
Old 09-23-2012, 02:37 PM   #9
buckman
Registered User
iTrader: (0)
 
buckman's Avatar
 
Join Date: Sep 2006
Location: Mansfield
Posts: 4,834
Blog Entries: 1
Quote:
Originally Posted by justplugit View Post
WSJ reports Romney paid an effective tax rate of 14.1% for 2011 and
an annual effective rate of 20.2% for the 20 year span from 1990 to 2009.
Prolly about right for a guy who pays most of his taxes based on IRS capital
gains income law.
Probably about right for a guy that gives away 30% of his income. All those that top that,feel free to tell us what a cheat Romney is !!
buckman is offline  
 

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 05:40 PM.


Powered by vBulletin. Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Please use all necessary and proper safety precautions. STAY SAFE Striper Talk Forums
Copyright 1998-20012 Striped-Bass.com