Romeny's tax plan, what is the point?

[about_average]

I was watching an interview this morning with him on Meet the Press. This is what he said, in a nutshell.
- Reduce taxes for all Americans.
- Eliminate many deductions and loopholes
- Absolutely will not raise taxes on the middle class.
- Keep his tax changes revenue neutral.
(He didn't address the topic of people who earn below the taxable income level)

What he's saying is that when all is said and done everyone will be "writing a check" to the IRS for the same amount they do now.
So if there's going to be no net dollar change anyone pays, why is he spending so much time focusing the debate on tax reform?

 

[fuckwaffle]

I was watching an interview this morning with him on Meet the Press. This is what he said, in a nutshell.
- Reduce taxes for all Americans.
- Eliminate many deductions and loopholes
- Absolutely will not raise taxes on the middle class.
- Keep his tax changes revenue neutral.
(He didn't address the topic of people who earn below the taxable income level)

What he's saying is that when all is said and done everyone will be "writing a check" to the IRS for the same amount they do now.
So if there's going to be no net dollar change anyone pays, why is he spending so much time focusing the debate on tax reform?

Maybe because the tax code is fucked up. Again.

The tax code is now over 73,000 pages long. This includes Title 26 of the US Code(the part written by Congress) as well as Title 26 of the US Code of Federal Regulations(the part written by the IRS).

That would put it well over a million words for you reading pleasure. The bible is a short story compared to the Tax Code.

 

[Busybody]

I was watching an interview this morning with him on Meet the Press. This is what he said, in a nutshell.
- Reduce taxes for all Americans.
- Eliminate many deductions and loopholes
- Absolutely will not raise taxes on the middle class.
- Keep his tax changes revenue neutral.
(He didn't address the topic of people who earn below the taxable income level)

What he's saying is that when all is said and done everyone will be "writing a check" to the IRS for the same amount they do now.
So if there's going to be no net dollar change anyone pays, why is he spending so much time focusing the debate on tax reform?

with every post

it becomes more and more clear

I had you pegged

and

You name should be

BELOW AVERAGE

 

[LiFeNdEaTh]

Interesting

 

[mercury14]

Maybe because the tax code is fucked up. Again.

The tax code is now over 73,000 pages long. This includes Title 26 of the US Code(the part written by Congress) as well as Title 26 of the US Code of Federal Regulations(the part written by the IRS).

That would put it well over a million words for you reading pleasure. The bible is a short story compared to the Tax Code.

So? For one, only a tiny fraction of that will apply to any one person. I for one do not need to read whether or not I qualify for a deduction under the Haitian Disaster Relief Act and you don't need to read the bit about foreign government corporate royalty charges for logging in Latin America.

If politicians want to get rid of thousands of deductions then they should legislate them away. But that's not Romney's goal. He wants to give tax cuts to the rich because he's a believer in the same old trickle-down economics that's never worked. That's the only reason he made his tax plan, half-baked as it is.

 

[Busybody]

Doofus

 

[fuckwaffle]

So? For one, only a tiny fraction of that will apply to any one person. I for one do not need to read whether or not I qualify for a deduction under the Haitian Disaster Relief Act and you don't need to read the bit about foreign government corporate royalty charges for logging in Latin America.

If politicians want to get rid of thousands of deductions then they should legislate them away. But that's not Romney's goal. He wants to give tax cuts to the rich because he's a believer in the same old trickle-down economics that's never worked. That's the only reason he made his tax plan, half-baked as it is.

So you know Romney personally? Lucky you.

 

[about_average]

Maybe because the tax code is fucked up. Again.

The tax code is now over 73,000 pages long.

So you're saying that the reason he's focusing so much on it is that he wants to save people time in tax preparation and that that time saved is going to help the economy and the American people.
That's an extremely bizarre single focus for a person running for president, considering how much time would have to be spent by legislators in rewriting regulations that would have no net effect other than to save people some time.
There are a lot more critical things for congress to spend their time one, rather than being editors.

 

[mercury14]

So you know Romney personally? Lucky you.

Maybe I do, maybe I don't. What does that have to do with my post?

 

[LiFeNdEaTh]

fuck all presidents

 

[about_average]

That's the only reason he made his tax plan, half-baked as it is.

Half-baked is being generous.
If what he said is true, it's like he wanted to use a rope for something but realized it's 3' too short, so decided the solution is to cut 3' off one end and tie it to the other end.
I suppose you could look at the length lost by the knot as all the time wasted changing tax code for a net change of zero in what anyone pays.

 

[Liar]

fuck all presidents

The dead ones too?

 

[KRCummings]

I was watching an interview this morning with him on Meet the Press. This is what he said, in a nutshell.
- Reduce taxes for all Americans.
- Eliminate many deductions and loopholes
- Absolutely will not raise taxes on the middle class.
- Keep his tax changes revenue neutral.
(He didn't address the topic of people who earn below the taxable income level)

What he's saying is that when all is said and done everyone will be "writing a check" to the IRS for the same amount they do now.
So if there's going to be no net dollar change anyone pays, why is he spending so much time focusing the debate on tax reform?

Most tax reform doesn't change the net amount of revenue, they change who pays how much. I don't think the federal revenue from taxes ever really changes that much no matter how the code is structured.

 

[about_average]

Most tax reform doesn't change the net amount of revenue, they change who pays how much. I don't think the federal revenue from taxes ever really changes that much no matter how the code is structured.

Very likely true, but Romney claimed he also wasn't changing what anyone ultimately pays. Unless he's figuring to make the difference from people who currently don't earn enough to have a tax liability, since he didn't specifically mention that group.

 

[unregistered]

 

[unregistered]

 

[KRCummings]

Very likely true, but Romney claimed he also wasn't changing what anyone ultimately pays. Unless he's figuring to make the difference from people who currently don't earn enough to have a tax liability, since he didn't specifically mention that group.

That doesn't jibe with your OP.

 

[KRCummings]

Especially when the government borrows .43 cents of every dollar they spend. Government refuses to stay within the limits of it's revenue. The Inflatocracy rules the day.

Shut the fuck up you bigoted corn trading birther piece of shit.

 

[blobfish]

Shut the fuck up you bigoted corn eating birther piece of shit.

He doesn't eat corn.

 

[unregistered]

 

[KRCummings]

He doesn't eat corn.

You're right, I fixed it.

 

[KRCummings]

Fuck off rag hag, go beat up your husband. Don't even try fucking with me, ya fucking nit wit.

A birther calling someone a nit wit. Nice.

 

[unregistered]

 

[LiveInHD]

Especially when the government borrows .43 cents of every dollar they spend. Government refuses to stay within the limits of it's revenue. The Inflatocracy rules the day.

.43 cents isn't very much.

 

[about_average]

That doesn't jibe with your OP.

Unless you're suggesting he's going to get more $ from higher income folks, then it does.