2012 Presidential Election, Income Tax | featured news

Romney’s class warfare

Now, at least, there can be no doubt about who is waging class warfare in this presidential campaign. Mitt Romney would pit the winners against the “victims,” the smug-and-rich against the down-on-their-luck, the wealthy tax avoiders against those too poor to owe income tax. He sees nearly half of all Americans as chumps who sit around waiting for a handout.

 

Economix Blog: How Do the 47% Vote?

Will those paying no federal income tax "vote for the president no matter what"? Probably not. A lot don't vote, and of those who do, many vote Republican.

 

SECRET VIDEO: Romney Tells Millionaire Donors What He REALLY Thinks of Obama Voters

Mitt Romney

...He dismissed these Americans as freeloaders who pay no taxes, who don't assume responsibility for their lives, and who think government should take care of them.

 

Hyping stats about the ‘Buffett Rule’

As we have noted, the problem is more symbolic than real. Most very wealthy people pay a good chuck of their income in taxes. Reid in his statement pointed to “7,000 millionaires” who paid no federal income taxes, which is not very much out of the nearly 250,000 taxpayers who file income taxes with adjusted gross income of $1 million or more.

 

Rick Perry's flat tax plan is a political gamble

Texas Gov. Rick Perry's call for a flat income tax rate will tie his Republican presidential campaign to a contentious issue that excites many conservatives but has repeatedly failed to win the embrace of mainstream America....

Senh: As long as there's no loopholes for the rich and there's an exemption for the poor, I don't mind it. The rich do get a huge tax cut from this though, but they're probably getting it anyway from the current tax code with all of its exemptions and loopholes.

 

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