you continue to perpetuate the myth that he's not paying as much as he should and that there is a fairness issue that he's on the wrong side of and now that somehow what he pays in capital gains tax actually results in other people, like you, getting screwed...thus we have Warren Buffet's secretary sitting where American Heros have traditionally sat during the State of the Union as a poster child for those paying a higher tax on their "income" than the rich SOB that employs them, of coures we only find out later that this "secretary" makes between 200,000-500,00 dollars a year....sorry Jimmy, but that's exactly what your arguments imply and you fall right into this fairness trap which gets entirely away from the actual issue...
you are getting "screwed" because we have a government that is massively unfunded due to bloat and the current and future promises of entitlement programs...if they decide to tax capital gains on Romney types at 100%(and if you check there are only a small portion of "the rich" that fall into the capital gains class, the rest are paying the top marginal rate on earned income)....you will continue to be screwed because it will not solve the issue....the only serious cuts that Obama has proposed to date are military cuts which will in turn fund Obama Care, so we are gutting the military to create another unaffordable bureaucracy....some here have pointed out the reasons that taxes on capital gains are different than earned income.... do you want your capital gains or retirement investment dividends to be highly taxed at your retirement? I can easily make a credible argument as to why you should pay higher rates based on fairness and the needs of the government bureaucracy and in fairness to those that you have stood on the backs of to get where you are presently...
"adjusting the tax code" so that Romney pays more will not result in you paying less, they have no intention of allowing you to pay less because they have no intention of reducing government, and the nearly half of Americans earning incomes below you while paying little or no federal taxes need your generous contributions because they are enjoying unprecedented govenment benefits ...they will most likely ask you to pay more in the future..it's a fairness thing
"Joe the Butcher may pay 24% of his salary while Mitt the millionaire pays 15% of his salary.
That doesn't sit right with most people."
I checked...the average salary for a butcher nationwide is around $30,000...
BLS data reveals that the mean annual wage for butchers and meat cutters is $30,190. Those in the 10th percentile earn $18,060; in the 25th percentile they average $21,850; in the 50th percentile $28,600; in the 75th percentile butchers average $37,380 and in the 90th percentile the average annual salary is $45,500. Most experienced union butchers likely make in the upper range of the bureau's salary spectrum.
Industries
The majority of butchers work for grocery stores, with 89,550 workers earning an annual mean wage of $30,550. Specialty food stores employ 12,770 butchers and meat cutters, who earn an average $27,910. Animal slaughtering and processing companies employ 11,010 workers, who average $27,380 per year. Other general merchandising stores employ 6,000 and pay $32,460 while wholesalers employ 3,220 with average earnings of $30,750. The industry paying the most, the federal government, employs 1,160 butchers and pays an average of $44,270 annually.
I think someone that posts frequently here can tell you what his federal tax liability is very quickly....if you check the tax rates he's likely paying 15% before deductions and eligible for a whole host of benefits
I suppose you can now complain about the inherent unfairness of "Millionaire Mitt" paying the same tax rate on his "salary" as Joe the Butcher
although that would still be only partially credible if at all
congrats JD, to you and your future bride...that is great news...
