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surfdog

(624 posts) Tue Jan 17, 2012, 06:08 PM Jan 2012

3

I am jealous and envious of Mitt Romney

I wish I could pay a 15% tax rate.

5 replies

= new reply since forum marked as read

Highlight:

I am jealous and envious of Mitt Romney (Original Post) surfdog Jan 2012 OP

I wish I could say "350,000 isn't a lot of money" and really mean it. Avalux Jan 2012 #1

When you compare it a couple of hundred million you begin to feel short-changed... rfranklin Jan 2012 #2

Correction BeyondGeography Jan 2012 #3

Nice surfdog Jan 2012 #4

really? Because even those in the 90th to 95th percentile hfojvt Jan 2012 #5

Avalux

(35,015 posts)

1. I wish I could say "350,000 isn't a lot of money" and really mean it.

Reply to surfdog (Original post)

Tue Jan 17, 2012, 06:13 PM

Jan 2012

To really believe that; to have no concept of what that amount means to a commoner like me.

rfranklin

(13,200 posts)

2. When you compare it a couple of hundred million you begin to feel short-changed...

Reply to Avalux (Reply #1)

Tue Jan 17, 2012, 06:22 PM

Jan 2012

You are right, he has no empathy at all. But he did have to live in a drafty chateau once, with bad toilet paper, so he has suffered in the past.

BeyondGeography

(39,374 posts)

3. Correction

Reply to Avalux (Reply #1)

Tue Jan 17, 2012, 06:28 PM

Jan 2012

It was $360,000.

Which, then again, is only one successful $10,000 wager with Rick Perry away from $350,000.

surfdog

(624 posts)

4. Nice

Reply to BeyondGeography (Reply #3)

Tue Jan 17, 2012, 06:32 PM

Jan 2012

hfojvt

(37,573 posts)

5. really? Because even those in the 90th to 95th percentile

Reply to surfdog (Original post)

Tue Jan 17, 2012, 06:47 PM

Jan 2012

only pay about 12.5%, unless you add in FICA taxes too. Those in the 75th to 90th percentile pay an average of 9.29% in 2008. Add in FICA taxes at 7.65 and that is only 16.94%, not THAT much higher than 15%.

Myself, I will pay 0% in Federal Income taxes this year. One of the benefits of only making $15,000 and putting $2,000 in an IRA.

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