Honest Qustion for Muda

[coltsfan1955]

Ann Romney got a $68,000 tax credit for a horse.

I rest my case.

[madchemist]

What deductions do I get that you don't?

[Muda69]

What deductions do I get that you don't?

Do you have a mortgage? I don't.

[madchemist]

What deductions do I get that you don't?

Do you have a mortgage? I don't.

Nope I don't. But that's a deduction that's available to everyone. For some the standard deduction is sufficient to more than cover it, so they're ahead of the game.

[madchemist]

Ann Romney got a $68,000 tax credit for a horse.

I rest my case.

Actually she didn't. Once again you have your facts wrong.

http://taxprof.typepad.com/taxprof_blog ... -the-.html

She recorded a passive loss, which can only be used to offset a passive gain.

[madchemist]

What deductions do I get that you don't?

Do you have a mortgage? I don't.

Nope I don't. But that's a deduction that's available to everyone. For some the standard deduction is sufficient to more than cover it, so they're ahead of the game.

You get to declare you kids as dependants because you have some underage. There are deductions that some take and others don't. CF is claiming that with our income we get special deductions available only to those with high incomes and as usual he's wrong.

[coltsfan1955]

What deductions do I get that you don't?

Do you have a mortgage? I don't.

I did but I didn't gain anything by claiming it over the standrd deduction.

[coltsfan1955]

Ann Romney got a $68,000 tax credit for a horse.

I rest my case.

Actually she didn't. Once again you have your facts wrong.

http://taxprof.typepad.com/taxprof_blog ... -the-.html

She recorded a passive loss, which can only be used to offset a passive gain.

Bullshit, fuck your right wing blogs. Does anyone believe that bullshit? If your blog, or you, was even slightly honest it wouldn't have spouted bullshit about presuming Romney had a 25% federal tax burden when we know for a fact that Romney only had a 13.6% tax burden, after he hid all of his earnings that he could. Come back when you have an honest post.

Here is a blog for you showing otherwise;

There's a picture floating around of Congressman Paul Ryan and MItt Romney. Congressman Paul Ryan wants to give Mitt Romney a tax break worth millions of dollars. And if Paul Ryan wanted to give you the same sort of tax break - then you'd probably be hugging him too. But he doesn't want to give you a tax break - in fact - he wants to raise your taxes in order to pay for the tax break he wants to give to Mitt Romney. Here's what's going on...The congressional joint economic committee just released a new study on the paul ryan republican budget - which passed out of the house earlier this year thanks to the support of nearly every single republican. And what they found is - millionaires like Mitt Romney would get a 12.5% tax break. Considering Mitt Romney is worth about $260 million bucks and makes tens of millions a year - that comes out to a pretty hefty million tax break courtesy of his buddy Paul Ryan. That goes on top of the sizeable $77,000 tax break romney got by writing off his wife's horse as a tax deduction. A side note: Ann Romney really loves horses. Unfortunately for the rest of us, who aren't worth $260 million and don't have an addiction to dressage horses that we can write off as tax deductions -

The Ryan plan would actually raise our taxes. As the Washington Post points out: "the tax reform plan that house republicans have advanced would sharply cut taxes for the wealthiest americans and could leave middle-class households facing much larger tax bills." Here's how it all breaks down - the Ryan plan creates just two tax brackets - drastically lowering the top income tax down to 25% and creating a second income tax rate of 10% for working people. That might looks like a good deal for everyone - but paul Ryan also eliminates a lot of tax deductions used by working people - so the end result actually works out to a tax increase for low and middle income Americans. These are the facts - the Paul Ryan budget, which - again - was voted on by nearly every single republican in the house - raises taxes on working people. I guess we've found the unwritten exception to millionaire and k street lobbyist grover norquist's pledge - tax increases are ok when they hit working people, but not okay when they hit rich people like Mitt Romney, Grover Norquist, and the Koch Brothers

But the Paul Ryan plan - as well as Mitt Romney's tax plan, which also includes a tax cut for billionaires - also explains why so many millionaires and billionaires like Foster Friess, the Koch Brothers, and Sheldon Adelson are willing to spend millions to hundreds of millions of dollars to get romney and the republicans elected in november. These aren't actual campaign contributions, they're investments. It's a pretty simple premise really...if i'm a billionaire like sheldon adelson, or a wall street guy who earns a billion dollars a year - and there are a bunch of them who are literally bringing home that much money every year - and i know that if mitt romney and the republicans win, i'll get a 12% tax cut - then why wouldn't i invest in their cause?

A twelve percent tax cut on a billion dollars is $120 million. Adelson already hinted that he's willing to invest $100 million on getting Romney and the republicans elected - so if his investment works out and his income next year is a billion dollars - then he'll show a net profit of $20 million bucks on his investment in romney and the republicans. And Adelson is actually worth around $25 billion - so he'll end up profiting a lot more. What citizens united did - is turn our politics into a gambling ring, where the super rich can pick out a candidate - or racehorse - invest - or bet - huge amounts of money into making sure their racehorse wins - knowing that if they bet wisely - then they'll get a tax break that's even bigger than their initial investment. And in the case of Mitt Romney - collect a nice fat tax break on that horse too.

http://www.democraticunderground.com/101735961

[coltsfan1955]

What deductions do I get that you don't?

Do you have a mortgage? I don't.

Nope I don't. But that's a deduction that's available to everyone. For some the standard deduction is sufficient to more than cover it, so they're ahead of the game.

You get to declare you kids as dependants because you have some underage. There are deductions that some take and others don't. CF is claiming that with our income we get special deductions available only to those with high incomes and as usual he's wrong.

Of course average Americans can write off $77,000 for their horse like Ann Romney did.

[NHPats2011]

Ann Romney got a $68,000 tax credit for a horse.

I rest my case.

Actually she didn't. Once again you have your facts wrong.

http://taxprof.typepad.com/taxprof_blog ... -the-.html

She recorded a passive loss, which can only be used to offset a passive gain.

Bullshit, fuck your right wing blogs. Does anyone believe that bullshit? If your blog, or you, was even slightly honest it wouldn't have spouted bullshit about presuming Romney had a 25% federal tax burden when we know for a fact that Romney only had a 13.6% tax burden, after he hid all of his earnings that he could. Come back when you have an honest post.

Here is a blog for you showing otherwise;

There's a picture floating around of Congressman Paul Ryan and MItt Romney. Congressman Paul Ryan wants to give Mitt Romney a tax break worth millions of dollars. And if Paul Ryan wanted to give you the same sort of tax break - then you'd probably be hugging him too. But he doesn't want to give you a tax break - in fact - he wants to raise your taxes in order to pay for the tax break he wants to give to Mitt Romney. Here's what's going on...The congressional joint economic committee just released a new study on the paul ryan republican budget - which passed out of the house earlier this year thanks to the support of nearly every single republican. And what they found is - millionaires like Mitt Romney would get a 12.5% tax break. Considering Mitt Romney is worth about $260 million bucks and makes tens of millions a year - that comes out to a pretty hefty million tax break courtesy of his buddy Paul Ryan. That goes on top of the sizeable $77,000 tax break romney got by writing off his wife's horse as a tax deduction. A side note: Ann Romney really loves horses. Unfortunately for the rest of us, who aren't worth $260 million and don't have an addiction to dressage horses that we can write off as tax deductions -

The Ryan plan would actually raise our taxes. As the Washington Post points out: "the tax reform plan that house republicans have advanced would sharply cut taxes for the wealthiest americans and could leave middle-class households facing much larger tax bills." Here's how it all breaks down - the Ryan plan creates just two tax brackets - drastically lowering the top income tax down to 25% and creating a second income tax rate of 10% for working people. That might looks like a good deal for everyone - but paul Ryan also eliminates a lot of tax deductions used by working people - so the end result actually works out to a tax increase for low and middle income Americans. These are the facts - the Paul Ryan budget, which - again - was voted on by nearly every single republican in the house - raises taxes on working people. I guess we've found the unwritten exception to millionaire and k street lobbyist grover norquist's pledge - tax increases are ok when they hit working people, but not okay when they hit rich people like Mitt Romney, Grover Norquist, and the Koch Brothers

But the Paul Ryan plan - as well as Mitt Romney's tax plan, which also includes a tax cut for billionaires - also explains why so many millionaires and billionaires like Foster Friess, the Koch Brothers, and Sheldon Adelson are willing to spend millions to hundreds of millions of dollars to get romney and the republicans elected in november. These aren't actual campaign contributions, they're investments. It's a pretty simple premise really...if i'm a billionaire like sheldon adelson, or a wall street guy who earns a billion dollars a year - and there are a bunch of them who are literally bringing home that much money every year - and i know that if mitt romney and the republicans win, i'll get a 12% tax cut - then why wouldn't i invest in their cause?

A twelve percent tax cut on a billion dollars is $120 million. Adelson already hinted that he's willing to invest $100 million on getting Romney and the republicans elected - so if his investment works out and his income next year is a billion dollars - then he'll show a net profit of $20 million bucks on his investment in romney and the republicans. And Adelson is actually worth around $25 billion - so he'll end up profiting a lot more. What citizens united did - is turn our politics into a gambling ring, where the super rich can pick out a candidate - or racehorse - invest - or bet - huge amounts of money into making sure their racehorse wins - knowing that if they bet wisely - then they'll get a tax break that's even bigger than their initial investment. And in the case of Mitt Romney - collect a nice fat tax break on that horse too.

http://www.democraticunderground.com/101735961

Jesus CF there is that anger again. You should take a chill pill dude. Nothing you spout here is going to change anything.

[madchemist]

Ann Romney got a $68,000 tax credit for a horse.

I rest my case.

Actually she didn't. Once again you have your facts wrong.

http://taxprof.typepad.com/taxprof_blog ... -the-.html

She recorded a passive loss, which can only be used to offset a passive gain.

Bullshit, fuck your right wing blogs. Does anyone believe that bullshit? If your blog, or you, was even slightly honest it wouldn't have spouted bullshit about presuming Romney had a 25% federal tax burden when we know for a fact that Romney only had a 13.6% tax burden, after he hid all of his earnings that he could. Come back when you have an honest post.

Here is a blog for you showing otherwise;

There's a picture floating around of Congressman Paul Ryan and MItt Romney. Congressman Paul Ryan wants to give Mitt Romney a tax break worth millions of dollars. And if Paul Ryan wanted to give you the same sort of tax break - then you'd probably be hugging him too. But he doesn't want to give you a tax break - in fact - he wants to raise your taxes in order to pay for the tax break he wants to give to Mitt Romney. Here's what's going on...The congressional joint economic committee just released a new study on the paul ryan republican budget - which passed out of the house earlier this year thanks to the support of nearly every single republican. And what they found is - millionaires like Mitt Romney would get a 12.5% tax break. Considering Mitt Romney is worth about $260 million bucks and makes tens of millions a year - that comes out to a pretty hefty million tax break courtesy of his buddy Paul Ryan. That goes on top of the sizeable $77,000 tax break romney got by writing off his wife's horse as a tax deduction. A side note: Ann Romney really loves horses. Unfortunately for the rest of us, who aren't worth $260 million and don't have an addiction to dressage horses that we can write off as tax deductions -

The Ryan plan would actually raise our taxes. As the Washington Post points out: "the tax reform plan that house republicans have advanced would sharply cut taxes for the wealthiest americans and could leave middle-class households facing much larger tax bills." Here's how it all breaks down - the Ryan plan creates just two tax brackets - drastically lowering the top income tax down to 25% and creating a second income tax rate of 10% for working people. That might looks like a good deal for everyone - but paul Ryan also eliminates a lot of tax deductions used by working people - so the end result actually works out to a tax increase for low and middle income Americans. These are the facts - the Paul Ryan budget, which - again - was voted on by nearly every single republican in the house - raises taxes on working people. I guess we've found the unwritten exception to millionaire and k street lobbyist grover norquist's pledge - tax increases are ok when they hit working people, but not okay when they hit rich people like Mitt Romney, Grover Norquist, and the Koch Brothers

But the Paul Ryan plan - as well as Mitt Romney's tax plan, which also includes a tax cut for billionaires - also explains why so many millionaires and billionaires like Foster Friess, the Koch Brothers, and Sheldon Adelson are willing to spend millions to hundreds of millions of dollars to get romney and the republicans elected in november. These aren't actual campaign contributions, they're investments. It's a pretty simple premise really...if i'm a billionaire like sheldon adelson, or a wall street guy who earns a billion dollars a year - and there are a bunch of them who are literally bringing home that much money every year - and i know that if mitt romney and the republicans win, i'll get a 12% tax cut - then why wouldn't i invest in their cause?

A twelve percent tax cut on a billion dollars is $120 million. Adelson already hinted that he's willing to invest $100 million on getting Romney and the republicans elected - so if his investment works out and his income next year is a billion dollars - then he'll show a net profit of $20 million bucks on his investment in romney and the republicans. And Adelson is actually worth around $25 billion - so he'll end up profiting a lot more. What citizens united did - is turn our politics into a gambling ring, where the super rich can pick out a candidate - or racehorse - invest - or bet - huge amounts of money into making sure their racehorse wins - knowing that if they bet wisely - then they'll get a tax break that's even bigger than their initial investment. And in the case of Mitt Romney - collect a nice fat tax break on that horse too.

http://www.democraticunderground.com/101735961

Geez, you complain about my source and then quote democraticunderground?

[coltsfan1955]

I just responded to your source with a like source. But for Pete's sake, look at what you posted; why would you post something like that when you know for a certainty that it was telling a lie? We know what tax rate Mittens paid. That is the type of thing that you have to look for.

[madchemist]

I just responded to your source with a like source. But for Pete's sake, look at what you posted; why would you post something like that when you know for a certainty that it was telling a lie? We know what tax rate Mittens paid. That is the type of thing that you have to look for.

You're not familar with a passive investment?