Mitt Romney pays a paltry 15% in taxes, how about you?

Millionaire Mitt Romney pays his fair share... A whopping 15% in taxes last year. I personally pay about 26%, how much do you pay OT?

Formula: Amount paid in taxes / Gross pay

Just put all your money into the stock market and investments and you will only pay 15% as well. Granted you could lose everything, but that's the price you pay for investing your money.

Just put all your money into the stock market and investments and you will only pay 15% as well. Granted you could lose everything, but that's the price you pay for investing your money.

sonicare

only fools the low and middle classes pay the correct taxesEmpCom

[QUOTE="sonicare"]

Just put all your money into the stock market and investments and you will only pay 15% as well. Granted you could lose everything, but that's the price you pay for investing your money.

surrealnumber5

[QUOTE="EmpCom"]only fools the low and middle classes pay the correct taxessonicare

[QUOTE="EmpCom"] The tax rate is progressive on wages/salaries, etc. So if you make more in wages, you pay a higher salary. The lower effective tax rate for some wealthy people is because they make a large share of their money in invesments or the market. The tax rate for those is signficantly lower. They are paying the "correct" amount. No one is cheating, the taxes on capital gains are just lower. Whether you make 10$ or 10 million, the capital gains tax rate is flat. It's done to encourage investment since that is what drives an economy. Reform is always a possibility, however.sonicare

[QUOTE="EmpCom"]only fools the low and middle classes pay the correct taxessonicare

I think I pay in the 30s. And what do I care how much some other guy pays? I'm sure his 15% was many multiples larger than my 30%FragStains

[QUOTE="FragStains"]I think I pay in the 30s. And what do I care how much some other guy pays? I'm sure his 15% was many multiples larger than my 30%EmpCom

[QUOTE="EmpCom"][QUOTE="FragStains"]I think I pay in the 30s. And what do I care how much some other guy pays? I'm sure his 15% was many multiples larger than my 30%FragStains

[QUOTE="FragStains"][QUOTE="EmpCom"] Shakes head EmpCom

[QUOTE="FragStains"][QUOTE="EmpCom"] Shakes head EmpCom

I have no idea what percent I pay and I don't really care.Jandurin

[QUOTE="EmpCom"][QUOTE="FragStains"]You ok, man?FragStains

[QUOTE="Jandurin"]I have no idea what percent I pay and I don't really care.surrealnumber5

[QUOTE="EmpCom"][QUOTE="FragStains"]You ok, man?Jandurin

A rough estimate for mine would be 25%, so sad when I look at my paystubs and see how much is gone

I don't blame those people who want to make taxes as low as possible. It's not like our government makes good use out of tax payer money. I would gladly pay 30-40% in taxes, if it were to be put to good use. But nope. Not in this country.

I don't blame those people who want to make taxes as low as possible. It's not like our government makes good use out of tax payer money. I would gladly pay 30-40% in taxes, if it were to be put to good use. But nope. Not in this country.

ColdExistence

[QUOTE="ColdExistence"]

I don't blame those people who want to make taxes as low as possible. It's not like our government makes good use out of tax payer money. I would gladly pay 30-40% in taxes, if it were to be put to good use. But nope. Not in this country.

Jandurin

The US has some of the most ****ed up roads I've ever seen, so I'm guessing they're not even using it for that anymore. ColdExistence

[QUOTE="ColdExistence"]The US has some of the most ****ed up roads I've ever seen, so I'm guessing they're not even using it for that anymore. Jandurin

You ever try driving across the US, say, from Texas to Kansas, for example? Very bad. Lots and lots of very, very bad roads. Makes it seem the problem persists all over the country.

ColdExistence

[QUOTE="ColdExistence"]

You ever try driving across the US, say, from Texas to Kansas, for example? Very bad. Lots and lots of very, very bad roads. Makes it seem the problem persists all over the country.

Jandurin

Did you not encounter lots of crappy ass roads? ColdExistence

[QUOTE="Jandurin"][QUOTE="ColdExistence"]

You ever try driving across the US, say, from Texas to Kansas, for example? Very bad. Lots and lots of very, very bad roads. Makes it seem the problem persists all over the country.

ColdExistence

They are resurfacing a lot of the old roads in my city (Raleigh). Even the roads that are perfect they are resurfacing. RESURFACE EVERYTHING!!!!!!!! But seriously, they are only doing the wealthy parts right now.stanleycup98

[QUOTE="ColdExistence"]Did you not encounter lots of crappy ass roads? Jandurin

wasting tax payer money on raising their salaries, I bet. ColdExistence

[QUOTE="FragStains"][QUOTE="EmpCom"] No not really EmpCom

He can help.

Taxes are evil and a form of socialism. They should be done away with so the government could finally get some extra income and then it could fix some roads with said income. Serraph105

Taxes are evil and a form of socialism. They should be done away with so the government could finally get some extra income and then it could fix some roads with said income. Serraph105

[QUOTE="Jandurin"][QUOTE="ColdExistence"]The US has some of the most ****ed up roads I've ever seen, so I'm guessing they're not even using it for that anymore. ColdExistence

I do like the idea of a government that acts exactly like a corporation. You could pay them for the services you are interested in, and skip out on all the ones you don't want. But too bad everybody is so damn greedy and tries to find more ways to screw people out of their money.

[QUOTE="EmpCom"][QUOTE="FragStains"]Anything I can help with?superfluidity

He can help.

I do like the idea of a government that acts exactly like a corporation. You could pay them for the services you are interested in, and skip out on all the ones you don't want. But too bad everybody is so damn greedy and tries to find more ways to screw people out of their money.

ColdExistence

Since i was unemployed this last year and was on state benefits for it i owe the irs about $3000 in taxes this year. Let that sink in, i don't have a job, i don't have any money coming consistently in but i owe the irs 3 grand because i can't find a job in this super awesome economy. luckily i got enough to cover that but it's a little ridiculous when you look at it like that.