Breaking News: Romney Paid Capital Gains Taxes in 2010

[Denny Crane]

The heavy "almost exclusively" usage is because, like you said, he probably had a bunch of types of taxable income. That said, do you honestly think his speaking fees, salary, etc. were any where near his income that falls within the hedge fund bucket? If you think his salary during those years was hefty, think again. That's generally not how people make their money running those funds.

Again, I'd be surprised if Romney really paid zero taxes like Reid is claiming. I'm guessing there are other things he'd rather not have disclosed.

Interesting that links about the horse thing are out there. I read one article about it, but haven't heard anyone say anything about it. Guess I shouldn't be surprised because it's exactly the sort of thing politicos like to harp about.

Most mega-wealthy people don't draw hundreds of $millions in cash or income. Like Romney's 401K, he deposited a small amount of money that was invested in something that's now worth $100M ON PAPER.

Or like Bill Gates, who is worth like $50B but only drew as much as a $1M salary toward the end of his tenure at Microsoft.

 

[barfo]

So we're blaming Romney because of "his ilk"? Or are we saying that Romney was involved in the development of the tax code that taxes him at 15%? Otherwise, aren't you basically blaming him for being rich?

Development of the tax code? No. But since he wants to not just preserve, but to expand the benefits of being rich at the expense of the middle class, one can certainly blame him for favoring such things. It isn't just that he happens to be rich.

Unless you think rich people are necessarily greedy pigfuckers.

barfo

 

[Denny Crane]

Development of the tax code? No. But since he wants to not just preserve, but to expand the benefits of being rich at the expense of the middle class, one can certainly blame him for favoring such things. It isn't just that he happens to be rich.

Unless you think rich people are necessarily greedy pigfuckers.

barfo

Where do you get this nonsense from?

 

[barfo]

Where do you get this nonsense from?

what does that even mean? Is that an opinion poll? If so, why should I care?

barfo

 

[PapaG]

what does that even mean? Is that an opinion poll? If so, why should I care?

barfo

If I were you, I'd make a silly quip, and take my kudos from the 5th-grade crowd.

Oh wait, you already did...

 

[jlprk]

Most mega-wealthy people don't draw hundreds of $millions in cash or income. Like Romney's 401K, he deposited a small amount of money that was invested in something that's now worth $100M ON PAPER.

Or like Bill Gates, who is worth like $50B but only drew as much as a $1M salary toward the end of his tenure at Microsoft.

That's such a half-truth, that it's a conscious lie on your part. You know full well that Gates was paid in stock, still sells billions of dollars of that stock annually, and thus was paid billions per year.

http://finance.yahoo.com/q/it?s=MSFT

 

[Denny Crane]

what does that even mean? Is that an opinion poll? If so, why should I care?

barfo

It means that people polled who reported they were struggling to remain in the middle class (reported incomes below $50K) favor Romney 58-35%. Those who reported incomes of $100K+ favor Obama.

 

[Denny Crane]

That's such a half-truth, that it's a conscious lie on your part. You know full well that Gates was paid in stock, still sells billions of dollars of that stock annually, and thus was paid billions per year.

http://finance.yahoo.com/q/it?s=MSFT

I know full well he was paid with worthless paper (at the start) that might best be used to wipe his ass with.

When he's sold his stock, he's had to pay capital gains taxes on it.

But he didn't build that, right?

 

[jlprk]

Most mega-wealthy people don't draw hundreds of $millions in cash or income. Like Romney's 401K, he deposited a small amount of money that was invested in something that's now worth $100M ON PAPER.

Or like Bill Gates, who is worth like $50B but only drew as much as a $1M salary toward the end of his tenure at Microsoft.

Now you change the subject to what the stock was worth in the early 1980s. Irrelevant. He was paid billions per year, and by 1990, everyone knew that was the worth of his stock compensation.

 

[Denny Crane]

Unrealized gains are not taxable. Microsoft could have gone bankrupt and his stock would have been worthless.

 

[barfo]

It means that people polled who reported they were struggling to remain in the middle class (reported incomes below $50K) favor Romney 58-35%. Those who reported incomes of $100K+ favor Obama.

Why is that relevant to what I posted? I was talking about what Romney's policies would actually do. Your counter is that some people who are falling on hard times will vote to oust the incumbent?

We already know people will sometimes vote against their own best interests for various reasons. Thanks for reminding us.

barfo

 

[Denny Crane]

Why is that relevant to what I posted? I was talking about what Romney's policies would actually do. Your counter is that some people who are falling on hard times will vote to oust the incumbent?

We already know people will sometimes vote against their own best interests for various reasons. Thanks for reminding us.

barfo

The current policies are the ones that are broken. Those affected want real change. At least there'd be some how.

 

[barfo]

The current policies are the ones that are broken. Those affected want real change. At least there'd be some how.

Some how isn't good enough. We need thousands of barrels of how.

barfo

 

[jlprk]

That's just a lot of hooey.

 

[Denny Crane]

Some how isn't good enough. We need thousands of barrels of how.

barfo

Hope. iPhone autocorrect can be really stupid sometimes.