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So again, it is hard for them to go out and say that is not enough. they need more what principle i quote ann coulter with you tonight. she is the one who has to convince sean. bill crystal wrote, might it be prudent for republicans to accept for now a modified version of the proposal? nope, it can t be done. surely republican members of congress understand there is something crazy about appearing to fight for the death to the tax code. they pay a 14% tax on millions of capitol income on labor to go up to 15.3% for all the working stiffs. ....
Increases hidden in there for some people making very little because the stimulus tax breaks retire. he says he won t touch any medicare or social security benefits for the current generation of retirees. so he s saying essentially he wants to keep this status quo exactly as it is. one other thing on this, this trick that has been played in the tax conversation where we keep saying federal income taxes, federal income taxes are the part of the tax code that is progressive. they re the part of the tax code that tends to focus in on the richer, on richer americans. payroll taxes are also federal taxes regresses ive. and they re more regresses ive. people don t pay them above $100,000. if you pay give me an xampbl example of the unfairness of that. like if you pay a payroll tax because you re making like $20,000 a year or $25,000 a year but not paying income tax, you re paying 15.3%. what s romney paying? he s paying 13.9%. exactly. in you re somebody who makes $85,000 your pa ....
Exactly as it is. one other thing on this, this trick that has been played in the tax conversation where we keep saying federal income taxes, federal income taxes are the part of the tax code that is progressive. they re the part of the tax code that tends to focus in on the richer on richer americans. payroll taxes are also federal taxes and they re regressive. more regressive. people don t pay them above $100,000. if you pay give me your favorite example of the unfairness of that. like if you pay a payroll tax because you re making like $20,000 a year or $25,000 a year but not paying income tax, you re paying 15.3%. what s romney paying? he s paying 13.9%. exactly. in you re somebody who makes $85,000 your paying payroll tacks on all of that. you re paying a higher tax rate than mitt romney easily. it s a way of making the tax code look like the rich are paying all of it in order to justify further tax cuts for the rich. that is the policy trick being played. thurston h ....
Wants to keep this status quo exactly as it is. one other thing on this, this trick that has been played in the tax conversation where we keep saying federal income taxes, federal income taxes are the part of the tax code that is progressive. they re the part of the tax code that tends to focus in on the richer, on richer americans. payroll taxes are also federal taxes regresses ive. and they re more regresses ive. people don t pay them above $100,000. if you pay give me an xampbl example of the unfairness of that. like if you pay a payroll tax because you re making like $20,000 a year or $25,000 a year but not paying income tax, you re paying 15.3%. what s romney paying? he s paying 13.9%. exactly. in you re somebody who makes $85,000 your paying payroll taxes on all of that. you re paying a higher tax rate than mitt romney easily. it s a way of making the tax code look like the rich are paying all of it in order to justify further tax cuts for the rich. that is the policy ....
Secretary. it s, you know, an outrage. it s a disgrace. today we learned today we learned that paul ryan paid a 20% tax rate in 2011. on a little over the number was $320,000 of income. mitt romney project his 2011 tax rate to be 15.3% on about $20.9 million. i mean, inyou look just at the gop ticket, aren t we just being shown how the system is really unfair? well, here s the thing, ed. i think what we have to do is, i mean, you know, in all of the outrage, we have to understand that romney, among his many dubious distinctions, including being the poster child for everything that is wrong with the u.s. economy as a result of involvement with bain capital, is also the poster child for everything that is wrong with the tax system. now, why do i say that? there are two points. number one, he is able to gain ....