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Romney Avoids Taxes via following the law

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Romney Avoids Taxes via following the law

Postby MegaProphet on Tue Oct 30, 2012 10:33 am

Romney Avoids Taxes via Loophole Cutting Mormon Donations
So does this make him part of the 47%?
Last edited by MegaProphet on Tue Oct 30, 2012 11:11 am, edited 1 time in total.
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Re: Romney Avoids Taxes via Loophole

Postby thegreekdog on Tue Oct 30, 2012 10:43 am

Let's be clear. A loophole is something that is in the tax law that has unintended consequences. This scheme is something that was entirely intended. Therefore, it is not a tax loophole. Romney is taking advantage of wealthy rent-seekers who successfully lobbied Congress to make the Internal Revenue Code allow this type of scheme.
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Re: Romney Avoids Taxes via Loophole

Postby Phatscotty on Tue Oct 30, 2012 10:51 am

please change your threads name to "Romney follows the law"

wait, unless an American citizen got drone attacked and killed by this loophole?
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Re: Romney Avoids Taxes via Loophole

Postby Woodruff on Tue Oct 30, 2012 11:09 am

Phatscotty wrote:please change your threads name to "Romney follows the law"

wait, unless an American citizen got drone attacked and killed by this loophole?


Billionaire uses tax loopholes to bring his taxes down to zero = "He's being smart."
Homeless mother uses food stamps to buy dinner so her kids don't starve = "OMG WELFARE QUEEN!!!!"

Look, it's certainly true that he didn't break the law and I don't think he should be
villified for this, honestly. It's not an unusual situation (unfortunately). That being said, I
think it does call into question the personal ethics of the man, which is something that
I personally think should be considered in an election (of pretty much any nature).
...I prefer a man who will burn the flag and then wrap himself in the Constitution to a man who will burn the Constitution and then wrap himself in the flag.
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Re: Romney Avoids Taxes via Loophole

Postby MegaProphet on Tue Oct 30, 2012 11:13 am

Phatscotty wrote:please change your threads name to "Romney follows the law"

wait, unless an American citizen got drone attacked and killed by this loophole?

I don't know how you got "American citizen got drone attacked and killed" from Romney Avoids Taxes via loophole, but if it makes it easier for you to understand then fine I'll change the title for you
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Re: Romney Avoids Taxes via Loophole

Postby Dukasaur on Tue Oct 30, 2012 11:19 am

Woodruff wrote:
Phatscotty wrote:please change your threads name to "Romney follows the law"

wait, unless an American citizen got drone attacked and killed by this loophole?


Billionaire uses tax loopholes to bring his taxes down to zero = "He's being smart."
Homeless mother uses food stamps to buy dinner so her kids don't starve = "OMG WELFARE QUEEN!!!!"

Look, it's certainly true that he didn't break the law and I don't think he should be
villified for this, honestly. It's not an unusual situation (unfortunately). That being said, I
think it does call into question the personal ethics of the man, which is something that
I personally think should be considered in an election (of pretty much any nature).

Just in case Scotty is unable to read your post, I'll quote it for him....:)
ā€œā€ŽLife is a shipwreck, but we must not forget to sing in the lifeboats.ā€
― Voltaire
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Re: Romney Avoids Taxes via Loophole

Postby Phatscotty on Tue Oct 30, 2012 11:42 am

Dukasaur wrote:
Woodruff wrote:
Phatscotty wrote:please change your threads name to "Romney follows the law"

wait, unless an American citizen got drone attacked and killed by this loophole?


Billionaire uses tax loopholes to bring his taxes down to zero = "He's being smart."
Homeless mother uses food stamps to buy dinner so her kids don't starve = "OMG WELFARE QUEEN!!!!"

Look, it's certainly true that he didn't break the law and I don't think he should be
villified for this, honestly. It's not an unusual situation (unfortunately). That being said, I
think it does call into question the personal ethics of the man, which is something that
I personally think should be considered in an election (of pretty much any nature).

Just in case Scotty is unable to read your post, I'll quote it for him....:)


I'm well aware of the strategy of stating extremes based on stereotypes and then playing on people emotions and compassion.

I just don't think the OP is anywhere close to a valid attack, or whatever it's supposed to be to make Romney look bad
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Re: Romney Avoids Taxes via Loophole

Postby thegreekdog on Tue Oct 30, 2012 12:21 pm

Woodruff wrote:
Phatscotty wrote:please change your threads name to "Romney follows the law"

wait, unless an American citizen got drone attacked and killed by this loophole?


Billionaire uses tax loopholes to bring his taxes down to zero = "He's being smart."
Homeless mother uses food stamps to buy dinner so her kids don't starve = "OMG WELFARE QUEEN!!!!"

Look, it's certainly true that he didn't break the law and I don't think he should be
villified for this, honestly. It's not an unusual situation (unfortunately). That being said, I
think it does call into question the personal ethics of the man, which is something that
I personally think should be considered in an election (of pretty much any nature).


Not a loophole.

The more people that refer to these as loopholes, the more people will ignore the lobbying that gets those tax provisions passed.
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Re: Romney Avoids Taxes via Loophole

Postby BigBallinStalin on Tue Oct 30, 2012 3:55 pm

thegreekdog wrote:
Woodruff wrote:
Phatscotty wrote:please change your threads name to "Romney follows the law"

wait, unless an American citizen got drone attacked and killed by this loophole?


Billionaire uses tax loopholes to bring his taxes down to zero = "He's being smart."
Homeless mother uses food stamps to buy dinner so her kids don't starve = "OMG WELFARE QUEEN!!!!"

Look, it's certainly true that he didn't break the law and I don't think he should be
villified for this, honestly. It's not an unusual situation (unfortunately). That being said, I
think it does call into question the personal ethics of the man, which is something that
I personally think should be considered in an election (of pretty much any nature).


Not a loophole.

The more people that refer to these as loopholes, the more people will ignore the lobbying that gets those tax provisions passed.


Instead of calling it "lobbying" or "crony capitalism," let's call it "wealth-enhancement" because these tax provisions cause "tax attorney job creation," which "stimulates the economy."
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Re: Romney Avoids Taxes via Loophole

Postby Woodruff on Tue Oct 30, 2012 6:52 pm

Phatscotty wrote:
Dukasaur wrote:
Woodruff wrote:
Phatscotty wrote:please change your threads name to "Romney follows the law"

wait, unless an American citizen got drone attacked and killed by this loophole?


Billionaire uses tax loopholes to bring his taxes down to zero = "He's being smart."
Homeless mother uses food stamps to buy dinner so her kids don't starve = "OMG WELFARE QUEEN!!!!"

Look, it's certainly true that he didn't break the law and I don't think he should be
villified for this, honestly. It's not an unusual situation (unfortunately). That being said, I
think it does call into question the personal ethics of the man, which is something that
I personally think should be considered in an election (of pretty much any nature).

Just in case Scotty is unable to read your post, I'll quote it for him....:)


I'm well aware of the strategy of stating extremes based on stereotypes and then playing on people emotions and compassion.


Or, you know, the man's ethics.

Phatscotty wrote:I just don't think the OP is anywhere close to a valid attack, or whatever it's supposed to be to make Romney look bad


Considering his personal ethics, I believe it does.
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Re: Romney Avoids Taxes via following the law

Postby Symmetry on Tue Oct 30, 2012 6:56 pm

Perhaps one of those threads where the distinction between ethics and morals is important.
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Re: Romney Avoids Taxes via Loophole

Postby Night Strike on Tue Oct 30, 2012 7:21 pm

Woodruff wrote:
Phatscotty wrote:please change your threads name to "Romney follows the law"

wait, unless an American citizen got drone attacked and killed by this loophole?


Billionaire uses tax loopholes to bring his taxes down to zero = "He's being smart."
Homeless mother uses food stamps to buy dinner so her kids don't starve = "OMG WELFARE QUEEN!!!!"


You're equating a person who wants to keep more of their own money to someone who is getting handouts from others?

Woodruff wrote:Look, it's certainly true that he didn't break the law and I don't think he should be
villified for this, honestly. It's not an unusual situation (unfortunately). That being said, I
think it does call into question the personal ethics of the man, which is something that
I personally think should be considered in an election (of pretty much any nature).


So it's now unethical to take deductions to lower the amount of taxes one has to pay and to raise the amount of money one gets to keep?
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Re: Romney Avoids Taxes via following the law

Postby Phatscotty on Tue Oct 30, 2012 7:25 pm

anything they don't agree with is unethical, and it's not possible they could be wrong because they are right and everyone must agree with their interpretation of what is ethical
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Re: Romney Avoids Taxes via following the law

Postby Symmetry on Tue Oct 30, 2012 7:27 pm

Phatscotty wrote:anything they don't agree with is unethical, and it's not possible they could be wrong because they are right and everyone must agree with their interpretation of what is ethical


What would be the morally correct stance though, Scotty?
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Re: Romney Avoids Taxes via Loophole

Postby Woodruff on Tue Oct 30, 2012 7:39 pm

Night Strike wrote:
Woodruff wrote:
Phatscotty wrote:please change your threads name to "Romney follows the law"

wait, unless an American citizen got drone attacked and killed by this loophole?


Billionaire uses tax loopholes to bring his taxes down to zero = "He's being smart."
Homeless mother uses food stamps to buy dinner so her kids don't starve = "OMG WELFARE QUEEN!!!!"


You're equating a person who wants to keep more of their own money to someone who is getting handouts from others?


I am equating ethics. I realize that ethics aren't particularly important to you Christians, but try to put yourself in someone else's shoes for a change.

Night Strike wrote:
Woodruff wrote:Look, it's certainly true that he didn't break the law and I don't think he should be
villified for this, honestly. It's not an unusual situation (unfortunately). That being said, I
think it does call into question the personal ethics of the man, which is something that
I personally think should be considered in an election (of pretty much any nature).


So it's now unethical to take deductions to lower the amount of taxes one has to pay and to raise the amount of money one gets to keep?


I think it says quite a lot about an individual who wants to be President, yes.
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Re: Romney Avoids Taxes via following the law

Postby Woodruff on Tue Oct 30, 2012 7:39 pm

Phatscotty wrote:anything they don't agree with is unethical, and it's not possible they could be wrong because they are right and everyone must agree with their interpretation of what is ethical


Thanks, Fox News.
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Re: Romney Avoids Taxes via following the law

Postby Symmetry on Tue Oct 30, 2012 7:43 pm

Woodruff wrote:
Phatscotty wrote:anything they don't agree with is unethical, and it's not possible they could be wrong because they are right and everyone must agree with their interpretation of what is ethical


Thanks, Fox News.


Seems kind of Romneyesque- flexible ethics depending on whatever people think should be ethical.
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Re: Romney Avoids Taxes via Loophole

Postby Night Strike on Tue Oct 30, 2012 8:02 pm

Woodruff wrote:
Night Strike wrote:
Woodruff wrote:
Phatscotty wrote:please change your threads name to "Romney follows the law"

wait, unless an American citizen got drone attacked and killed by this loophole?


Billionaire uses tax loopholes to bring his taxes down to zero = "He's being smart."
Homeless mother uses food stamps to buy dinner so her kids don't starve = "OMG WELFARE QUEEN!!!!"


You're equating a person who wants to keep more of their own money to someone who is getting handouts from others?


I am equating ethics. I realize that ethics aren't particularly important to you Christians, but try to put yourself in someone else's shoes for a change.


I don't know where you get your hatred for Christianity (and randomly inserting it here), but whatever. You still haven't addressed the issue. Why are those things equal in your mind?

Woodruff wrote:
Night Strike wrote:
Woodruff wrote:Look, it's certainly true that he didn't break the law and I don't think he should be
villified for this, honestly. It's not an unusual situation (unfortunately). That being said, I
think it does call into question the personal ethics of the man, which is something that
I personally think should be considered in an election (of pretty much any nature).


So it's now unethical to take deductions to lower the amount of taxes one has to pay and to raise the amount of money one gets to keep?


I think it says quite a lot about an individual who wants to be President, yes.


So it's unethical for people running for office to take deductions in their taxes? Then why are you voting?
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Re: Romney Avoids Taxes via following the law

Postby Symmetry on Tue Oct 30, 2012 8:12 pm

NS- do you believe that Romney's avoidance of taxes is ethically right, and also morally right for a president? Do you make a distinction between ethics and morals?
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Re: Romney Avoids Taxes via following the law

Postby thegreekdog on Tue Oct 30, 2012 8:29 pm

THAT is the right question.
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Re: Romney Avoids Taxes via following the law

Postby Phatscotty on Tue Oct 30, 2012 8:30 pm

Avoiding taxes is as American as apple pie
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Re: Romney Avoids Taxes via following the law

Postby Phatscotty on Tue Oct 30, 2012 8:31 pm

Symmetry wrote:NS- do you believe that Romney's avoidance of taxes is ethically right, and also morally right for a president? Do you make a distinction between ethics and morals?


you would have a point if Romney's opponent had never written anything off or taken any deductions.....
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Re: Romney Avoids Taxes via following the law

Postby Symmetry on Tue Oct 30, 2012 8:36 pm

Phatscotty wrote:
Symmetry wrote:NS- do you believe that Romney's avoidance of taxes is ethically right, and also morally right for a president? Do you make a distinction between ethics and morals?


you would have a point if Romney's opponent had never written anything off or taken any deductions.....


Not really- I have little time for moral equivalency. If Romney did something wrong, he did something wrong. If a Democrat did something similar. that doesn't make Romney right.

You're advocating a race to the bottom.
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Re: Romney Avoids Taxes via following the law

Postby thegreekdog on Tue Oct 30, 2012 8:36 pm

There is no law requiring that people pay the taxes as calculated pursuant to the Internal Revenue Code. If Mitt Romney or Barack Obama or Warren Buffett wish to pay more taxes, they could pay more taxes. I don't find it relevant to political races how much a politician pays in taxes unless and until his or her opponent voluntarily pays more taxes than the Internal Revenue Code says his or her owes.
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Re: Romney Avoids Taxes via following the law

Postby Symmetry on Tue Oct 30, 2012 8:46 pm

thegreekdog wrote:There is no law requiring that people pay the taxes as calculated pursuant to the Internal Revenue Code. If Mitt Romney or Barack Obama or Warren Buffett wish to pay more taxes, they could pay more taxes. I don't find it relevant to political races how much a politician pays in taxes unless and until his or her opponent voluntarily pays more taxes than the Internal Revenue Code says his or her owes.


That you think it shouldn't be relevant doesn't mean it isn't relevant. It's considerably more meaningful than "who would you rather get a drink with?"
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