Trump refuses to release tax returns

[MDC 7,590]

 

You've been spoon fed this line but its not true. The average effective tax rate for Americans is 10%. If you include payroll taxes it is a bit higher (not sure if Romney's payroll taxes were included but if so he had 400k in that type of income). So No, your bolded statement is hyperbole.

 

I don't care about Romney, he's out of the picture, but people still lying about stuff is annoying.

 

Here is a little link to help educate folks on tax rates and effective tax rates.

 

http://www.pgpf.org/budget-basics/how-much-do-americans-pay-in-federal-taxes

 

Romney did pay less than most people in his "tax bracket" in taxes. But he paid more (and a higher rate) than most people in America. That line is political partisan fodder that still lives on today.

"If" you include payroll tax it's "a bit" higher? I paid payroll tax on 100% of my income. Romney paid it on $177,000 of the $20 million he earned in 2010. So no, it is not hyperbole to say he paid a lower effective rate. He paid about 14% in 2010, which was the year that was endlessly references during the 2012 campaign. I paid more than 25% last year.

 

My rate is high: I make more than most but not enough to hide it as investment in one etc. But the basic point remains. Here's a link for you:

 

http://www.factcheck.org/2012/08/does-romney-pay-a-lower-rate-in-taxes-than-you/

 

Again I don't hold Romney's rate against him but it absolutely is relevant when a millionaire who already pays a low effective tax rate campaigns on cutting taxes in ways that overwhelmingly benefit people like him. Especially when he does it under the guise of helping the "middle class" while calling them leeches to his millionaire backers behind closed doors.

 

On this issue Romney is a total fraud.

[KSB2424 3,148]

"If" you include payroll tax it's "a bit" higher? I paid payroll tax on 100% of my income. Romney paid it on $177,000 of the $20 million he earned in 2010. So no, it is not hyperbole to say he paid a lower effective rate. He paid about 14% in 2010, which was the year that was endlessly references during the 2012 campaign. I paid more than 25% last year.

 

My rate is high: I make more than most but not enough to hide it as investment in one etc. But the basic point remains. Here's a link for you:

 

http://www.factcheck.org/2012/08/does-romney-pay-a-lower-rate-in-taxes-than-you/

 

Again I don't hold Romney's rate against him but it absolutely is relevant when a millionaire who already pays a low effective tax rate campaigns on cutting taxes in ways that overwhelmingly benefit people like him. Especially when he does it under the guise of helping the "middle class" while calling them leeches to his millionaire backers behind closed doors.

 

On this issue Romney is a total fraud.

 

25%? Effective Tax Rate?

 

Congrats on a being a 1% 'er because they are the only one's paying that much or more.

 

Obama's effective tax rate was 18.7%. on a half a million dollars.

 

The only way your effective tax rate was 25% was if you made over a million last year and none from investments (all income). Congrats. Or don't earn that much and you suck at math.

[Reality 3,121]

I paid payroll tax on 100% of my income.

 

Wrong.

[IGotWorms 4,060]

I've always found this funny too. There is absolutely no way to discern someone's net worth from a tax return.

 

Yet everybody's runnig around saying he must not be worth as much as he says.

 

Morons.

I would think if you had tax returns over a number of years an expert could state whether they're consistent with someone claiming to have a certain range of net worth. Or at least come up with lines of further inquiry as to where the net worth is such that it isn't subject to taxation.

 

But you're probably right, the bigger concern is likely that Trump pays very little taxes and essentially takes advantage of all the stuff he's railing against as far as international investment and offshore accounts. Bring the manufacturing jobs back here but let me keep my money offshore

[IGotWorms 4,060]

 

You've been spoon fed this line but its not true. The average effective tax rate for Americans is 10%. If you include payroll taxes it is a bit higher (not sure if Romney's payroll taxes were included but if so he had 400k in that type of income). So No, your bolded statement is hyperbole.

 

I don't care about Romney, he's out of the picture, but people still lying about stuff is annoying.

 

Here is a little link to help educate folks on tax rates and effective tax rates.

 

http://www.pgpf.org/budget-basics/how-much-do-americans-pay-in-federal-taxes

 

Romney did pay less than most people in his "tax bracket" in taxes. But he paid more (and a higher rate) than most people in America. That line is political partisan fodder that still lives on today.

Average effective tax rate is 18%, well over what Romney paid.

 

http://taxfoundation.org/blog/high-income-households-paid-effective-tax-rate-16-times-higher-low-income-households-2010

 

My effective tax rate was in the 20s and I make far, far, FAR less money than Mittens loses in his couch cushions. How the Fock does that seem right?

 

It seems you are the one who needs educatin' on this issue

[KSB2424 3,148]

CNN Money

 

 

NEW YORK (CNNMoney) -- So Mitt Romney thinks his effective tax rate is about 15%.

That prompts many people to express disbelief: "What?! Most people pay a higher rate than that, don't they?"

Actually, they don't.

In fact, depending on how it's measured, Romney's effective tax rate is likely higher than what many, if not most, Americans pay.

Keep in mind, an effective tax rate is not the top income tax rate you pay. Those rates can run anywhere from 10% to 35%, depending on how high your income is.

By contrast, the effective rate generally is a measure of how much you pay in taxes as a percentage of your income.

But the rate can be calculated in different ways since there are a lot of ways to define taxes. Do you just look at federal income taxes paid, or at all federal taxes? Likewise, there's more than one way to measure income. Gross? Adjusted gross? Taxable?

It's not yet possible to verify whether Romney's effective rate is actually 15%. That may only happen if and when he releases his tax returns, which will have more detail about his income and deductions.

But assuming he's correct, here's why his effective rate is probably higher than most people's: The effective tax rate is always going to be lower than one's top income tax rate. And the top rate for roughly four-fifths of Americans is 15% or less, said Roberton Williams, a senior fellow at the Tax Policy Center.

In other words, 80% of Americans have an effective rate below 15%.

If you consider income tax liability alone, the average effective federal tax rate for people with incomes between $40,000 and $50,000, for instance, is just 3.2%, according to Tax Policy Center estimates. (In measuring income, the center uses gross income and adds to it other forms of compensation, such as the money your employer contributes to your retirement savings.)

The lowest income families actually have negative average effective tax rates when income tax liability alone is measured.

For families making $50,000 to $75,000, the effective tax rate is 5.7%. From $75,000 to $100,000, it's 7.2%. And if you make $200,000, it goes up to 9.9%.

Why are effective rates so low for most Americans, especially compared to their statutory income tax rates?

The same reason why nearly half of all U.S. households end up having no federal income tax liability, and many more end up with low tax bills: A bevy of credits, deductions and exemptions that cancel out all or much of the income tax they would otherwise owe.

On the highest end of the income scale, the average effective tax rate is much higher -- 18.9% for households making more than $1 million. But that's still far below the 35% top tax rate much of their ordinary income would be subject to.

Why? Because a lot of households at that level -- like Romney's -- make a lot of their money from tax-advantaged investments, such as capital gains and tax-free bonds. And they tend to have a lot of itemized deductions, which can greatly reduce how much they owe the tax man

 

 

[Sho Nuff 720]

Nobody cares. His supporters don't care that he "accidentally" included a known racist as a possible California delegate.

They don't care that he doesn't know squat about policy

They don't care that he has backtracked on much of his own platform.

 

They just don't care.

[posty 2,762]

Nobody cares. His supporters don't care that he "accidentally" included a known racist as a possible California delegate.

They don't care that he doesn't know squat about policy

They don't care that he has backtracked on much of his own platform.

 

They just don't care.

Same sh*t, different politician...

[IGotWorms 4,060]

CNN Money

It depends on how you measure it but excluding payroll taxes is pretty absurd since that's a sizeable hit for most people. More importantly even if you measure apples to apples Mitt Romney paid a far lower effective rate than most people at the top, so compared to his own peers he paid little.

[Sho Nuff 720]

Same sh*t, different politician...

Sure, but they like him because he claimed to be different.

Now even that is bs and they still like him

 

 

Said it earlier in all of this. There is zero intelligent reason to support Trump.

[IGotWorms 4,060]

Same sh*t, different politician...

No, it really isn't.

[IGotWorms 4,060]

You are the kind of weak minded people Trump preys on posty. Too dim to understand matters of degree so anything Trump says or does is just par for the course, when in fact he is playing a completely different game altogether

[KSB2424 3,148]

Average effective tax rate is 18%, well over what Romney paid.

 

http://taxfoundation.org/blog/high-income-households-paid-effective-tax-rate-16-times-higher-low-income-households-2010

 

My effective tax rate was in the 20s and I make far, far, FAR less money than Mittens loses in his couch cushions. How the Fock does that seem right?

 

It seems you are the one who needs educatin' on this issue

 

That includes corporate income taxes and excise taxes in the equation.

 

There are three ways to slice effective tax rates:

 

• Federal taxes (median is around 10%)

 

• Federal Taxes plus payroll taxes (median is around 14%)

 

• Federal Taxes plus payroll taxes plus corporate taxes plus excise taxes (all of it). (median is around 18%) and what you are referring too.

 

I don't think Romney's figure was based on his federal income taxes alone.

[KSB2424 3,148]

It depends on how you measure it but excluding payroll taxes is pretty absurd since that's a sizeable hit for most people. More importantly even if you measure apples to apples Mitt Romney paid a far lower effective rate than most people at the top, so compared to his own peers he paid little.

 

The bulk of payroll taxes is SS. Aren't most people (middle america) going to supposedly get that back at some point?

 

But yes, your last sentence is correct. Mitt payed less than most people in his tax bracket due to most coming from capital gains and he gave like 4 million to charity to reduce his burden. (maybe he should not give to charity so his rate is higher.)

 

I'm all having capital gains taxed at the same rate as income. Forget the 15 - 20 - 25 percent. Just tax it like income, at the same rates. I don't disagree with you, but there is no way MD focking C paid 25% effective tax rate. Unless he is damn near a millionaire and does his own taxes.

[BunnysBastatrds 2,511]

Didn't Obama wait to share his authentic birth certificate until after the election? Which was smart because the righties spent a lot of time talking about it instead asking the important questions. Another smart move by Trump?

[Hardcore troubadour 15,583]

Nobody cares. His supporters don't care that he "accidentally" included a known racist as a possible California delegate.

They don't care that he doesn't know squat about policy

They don't care that he has backtracked on much of his own platform.

 

They just don't care.

So Trump associates with racists? Well, all I have to say to that is not God Bless America, God Damn America! Didn't seem to bother you about Obama, did it?

[posty 2,762]

Sure, but they like him because he claimed to be different.

Now even that is bs and they still like him

 

 

Said it earlier in all of this. There is zero intelligent reason to support Trump, Sanders or Clinton.

Fixed...

[IGotWorms 4,060]

Didn't Obama wait to share his authentic birth certificate until after the election? Which was smart because the righties spent a lot of time talking about it instead asking the important questions. Another smart move by Trump?

See, here's another example of an inability to differentiate by Trump supporters. The two aren't the same at all.

 

1. There's a history of and an expectation that presidential candidates will release their tax returns. Not so with birth certificates.

 

2. The birth certificate "issue" was tinged with racism, to put it mildly. The tax return issue is tinged with what? "Wealth envy"?

[MDC 7,590]

Average effective tax rate is 18%, well over what Romney paid.

 

http://taxfoundation.org/blog/high-income-households-paid-effective-tax-rate-16-times-higher-low-income-households-2010

 

My effective tax rate was in the 20s and I make far, far, FAR less money than Mittens loses in his couch cushions. How the Fock does that seem right?

 

It seems you are the one who needs educatin' on this issue

Apparently you too are a millionaire who sucks at taxes. Or you're upper middle class like me.

[Sho Nuff 720]

Didn't Obama wait to share his authentic birth certificate until after the election? Which was smart because the righties spent a lot of time talking about it instead asking the important questions. Another smart move by Trump?

Did others release these?

[drobeski 3,061]

Wow he has the board lefties on super tilt.

 

 

Has to be tough when they have Hillary who, you name the scandal... Has refused to release anything related since she was what, 15 ?

 

 

You're focked lefties and all the fake outrage in the world isn't going to fix it.

 

[Sho Nuff 720]

Wow he has the board lefties on super tilt.

 

 

Has to be tough when they have Hillary who, you name the scandal... Has refused to release anything related since she was what, 15 ?

 

 

You're focked lefties and all the fake outrage in the world isn't going to fix it.

 

You are the king of tilt.

No faux outrage

Every candidate since Nixon has done this...Hillary already released hers.

 

But you ignorant Trump turds just don't care about actual facts.

[IGotWorms 4,060]

Wow he has the board lefties on super tilt.

 

 

Has to be tough when they have Hillary who, you name the scandal... Has refused to release anything related since she was what, 15 ?

 

 

You're focked lefties and all the fake outrage in the world isn't going to fix it.

 

Hillary Clinton has released 33 years of tax returns, dumbeski

[Mungwater 597]

Did others release these?

They didn't have to, but I think the rub has been that Obama has used a line he was born in Kenya to sell some books.

[IGotWorms 4,060]

http://www.cnn.com/2016/05/11/politics/donald-trump-tax-returns/index.html

 

Trump has resisted pressure from Democrats and forces within his own party -- most notably 2012 GOP nominee Mitt Romney -- who have called on him to release tax returns.

 

Romney reiterated that call in a Facebook post Wednesday afternoon.

 

"It is disqualifying for a modern-day presidential nominee to refuse to release tax returns to the voters, especially one who has not been subject to public scrutiny in either military or public service," said Romney, long a vociferous critic of Trump's. "Tax returns provide the public with its sole confirmation of the veracity of a candidate's representations regarding charities, priorities, wealth, tax conformance, and conflicts of interest."

 

Romney also dismissed Trump's refusal to release the returns on the basis that he's being audited.

 

"There is only one logical explanation for Mr. Trump's refusal to release his returns: there is a bombshell in them. Given Mr. Trump's equanimity with other flaws in his history, we can only assume it's a bombshell of unusual size," Romney said.

 

 

The tax returns would give voters information about Trump's effective tax rate, his charitable contributions and his income -- all data points for which the billionaire has come under intense scrutiny.

 

[IGotWorms 4,060]

They didn't have to, but I think the rub has been that Obama has used a line he was born in Kenya to sell some books.

Yikes, parroting Trump's Birther crap now? Better check yourself before you wreck yourself.

 

http://www.snopes.com/politics/obama/birthers/booklet.asp

[Sho Nuff 720]

They didn't have to, but I think the rub has been that Obama has used a line he was born in Kenya to sell some books.

And again, do you think he provided said qualifications in order to get on ballots?

I'm assuming they all get certified as eligible before even getting on a states ballot. Therefore it was completely irrelevant except to conspiracy theory nuts.

[hoytdwow 202]

Same sh*t, different politician...

The fact that Trump is not a politician is just one of many things wrong with this posting

[wiffleball 4,793]

Im not evrn reading through this, but for all the reasons not tovote for Trump, tjhis id pretty low on the list.

 

However, I also don't know what the Federal Election Commission requires.

 

Also, we have all seen enough Legal shows Where the minute a witness Introduces something into the conversation, it becomes admissible in court.If you're going to run around telling people about how wealthy you are, you shouldn't be ashamed Of showing that off.

 

I remember the Koch brothers Bringing me out too Their facility in Wichita. Not them, obviously, Butt Is ttheir tax crew, And, very naturally I asked for You know their last audited financial statements. And they looked at me like I wanted to rape there Fetal daughters.That's ultimately was why I didn't end up in that s******* called Wichita.

 

Trump obviously has something to hide, But again, with all the other moronic shiit that he's pulled that I documented last night, this is relatively innocuous.

[Mungwater 597]

Yikes, parroting Trump's Birther crap now? Better check yourself before you wreck yourself.

 

http://www.snopes.com/politics/obama/birthers/booklet.asp

Didn't mean to, just what I casually heard, I think that was dumb and I don't have a dog in the fight

[wiffleball 4,793]

Hillary Clinton has released 33 years of tax returns, dumbeski

LOL.

 

and i hate her.

 

Still, brilliant.

[Hardcore troubadour 15,583]

Im not evrn reading through this, but for all the reasons not tovote for Trump, tjhis id pretty low on the list.

 

However, I also don't know what the Federal Election Commission requires.

 

Also, we have all seen enough Legal shows Where the minute a witness Introduces something into the conversation, it becomes admissible in court.If you're going to run around telling people about how wealthy you are, you shouldn't be ashamed Of showing that off.

 

I remember the Koch brothers Bringing me out too Their facility in Wichita. Not them, obviously, Butt Is ttheir tax crew, And, very naturally I asked for You know their last audited financial statements. And they looked at me like I wanted to rape there Fetal daughters.That's ultimately was why I didn't end up in that s******* called Wichita.

 

Trump obviously has something to hide, But again, with all the other moronic shiit that he's pulled that I documented last night, this is relatively innocuous.

Your spelling is atrocious. As I'm sure your breath is.

[wiffleball 4,793]

Your spelling is atrocious. As I'm sure your breath is.

So, you're thinking of kissing me? Way to address the issues champ. Being the boards leading troll even above Drobeski. I mean, How many people actually change their internet handle just to get new traction On a low-rent message board? but again, feel free to go after the issues and the quotes. I double dog dare you.

[Hardcore troubadour 15,583]

So, you're thinking of kissing me? Way to address the issues champ. Being the boards leading troll even above Drobeski. I mean, How many people actually change their internet handle just to get new traction On a low-rent message board? but again, feel free to go after the issues and the quotes. I double dog dare you.

Get traction? Wouldn't I have been a bit more covert if that was the intent? You're an idiot. Don't address me unti you smarten up. And maybe sober up. And BTW, you were way off about Dresden, smart guy. Go after that issue.

[wiffleball 4,793]

Get traction? Wouldn't I have been a bit more covert if that was the intent? You're an idiot. Don't address me unti you smarten up. And maybe sober up. And BTW, you were way off about Dresden, smart guy. Go after that issue.

So, You still haven't addressed any issues. Or quotes. Or Google The History Channel and Dresden bombings vs. Hiroshima. You're doing a bang-up job there sporto ,

[titans&bucs&bearsohmy! 2,745]

I think he is delaying just because it gets him free media attention. He is definitely a devotee of the "no such thing as bad publicity" school of thought.

[Hardcore troubadour 15,583]

So, You still haven't addressed any issues. Or quotes. Or Google The History Channel and Dresden bombings vs. Hiroshima. You're doing a bang-up job there sporto ,

More people died because of the nuclear bomb than due to the bombing of Dresden. Fact. Why do you hate America? Go somewhere else if you hate it so much.

[JTB 52]

I think he is delaying just because it gets him free media attention. He is definitely a devotee of the "no such thing as bad publicity" school of thought.

Truth

[Baker Boy 1,704]

Hillary Clinton has released 33 years of tax returns, dumbeski

The last President who didn't release his tax returns was Bill Clinton.

[IGotWorms 4,060]

LOL.

 

and i hate her.

 

Still, brilliant.

I hate her too. But still.