Mitt Romney Would Pay 0.82 Percent in Taxes Under Paul Ryan's Plan

[Hauldren Collider]

Wage taxes reduce investment income by themselves, by reducing the principal. The correct tax rate on investment income is 0. Paul Ryan wants to treat investment and non-investment equally, just like you. The difference between him and you is that he understands math.

Careful, Jaguar. We wouldn't want to invite MRT to accuse you of being a monocle-wearing plutocrat.

In other words, QFT

[kentonio]

Second, what makes you think Mitt Romney is in total lockstep with the policy proposals of his VP? Do you think Obama agrees with every piece of legislation Biden ever proposed while in the Senate? I would seriously doubt it.

Paul Ryan is known for one thing, and it's a huge dividing line between the parties. Why on earth do you think Romney picked him as VP if it wasn't to publically embrace his ideology?

For political reasons, I suspect Mitt Romney does not outwardly share the opinion that there should be no capital gains tax whatsoever.

It appears he's spent most of his working life avoiding taxes wherever possible, and is willing to take a huge political hit by keeping his returns secret. What makes you think he'd care about a tax change that most people wouldn't even understand?

[Jon Miller]

Since good locations for capital investment heavily depend on infrastructure investment, educational investment, social investment, and so on... (all public investment) I don't see why people maintain that taxes on capital gains should be 0.

Even if in one perspective that is the neutral position. On the other hand, these sorts of investments (educational, infrastructure, social, etc) are exactly the sort that private capital needs but can't do themselves (because of their public good nature).

JM

[Jaguar]

Then tax payrolls or consumption to fund them. (Incidentally, this is largely what we already do.)

[Jon Miller]

It just seems like more work to tax consumption rather than capital gains.

Maybe I am wrong on that.

My observation from europe is that consumption taxes drives the markets underground.

JM

[Ogie Oglethorpe]

Only one comment-observation. The complete fascisnation with other people taxation rates and incomes strikes me as a symptom of how low, mean, uninspired, covetous and resentful our culture has become.

In respect to the OP, in other words meh.

[Jon Miller]

If you are going to ask me to pay more for less, I am going to want to know that you are paying too (and corresponding to how much you receive).

JM

[Ogie Oglethorpe]

I haven't asked you for a dime.

[Lorizael]

Only one comment-observation. The complete fascisnation with other people taxation rates and incomes strikes me as a symptom of how low, mean, uninspired, covetous and resentful our culture has become.

In respect to the OP, in other words meh.

The entire idea behind the American Dream is that everyone can become rich. Of course people are going to pay attention to what it means to be rich.

[Wezil]

Paul Ryan is known for one thing, and it's a huge dividing line between the parties. Why on earth do you think Romney picked him as VP if it wasn't to publically embrace his ideology?

Exactly. Mitt wanted to burnish his right wing credentials, then in Mitt style he flip-flopped almost immediately and started to distance himself.

It's fun watching someone sucking and blowing at the same time.

[Jon Miller]

I haven't asked you for a dime.

Mitt would like me, if I were to return to the US, to pay more for less.

That is who we are talking about, isn't it?

Additionally, if you support Ryan/Romney, you are doing the same.

JM

[Ogie Oglethorpe]

The entire idea behind the American Dream is that everyone can become rich. Of course people are going to pay attention to what it means to be rich.

and apparently resent them for it.

OTOH if it becomes a goal post for having arrived at their dream, thats pitiful as well since life is a lot more than how much you make (and more to the point how much someone else makes or if they arrived.).

[Ogie Oglethorpe]

Mitt would like me, if I were to return to the US, to pay more for less.

Not really. You likely would pay less for less.

[Lorizael]

and apparently resent them for it.

OTOH if it becomes a goal post for having arrived at their dream, thats pitiful as well since life is a lot more than how much you make (and more to the point how much someone else makes or if they arrived.).

You live in a capitalistic society. The means to getting what you want in life is money. If you don't like that, go to Cuba.

[snoopy369]

Capitalist. You do not need to add -ic to adjectives to make them adjectives.