BREAKING!! Romney to Release Tax Return From 2011

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  • Nitro Express
    DIAMOND STATUS
    • Aug 2004
    • 32942

    Originally posted by Seshmeister
    Just another scam to cut taxes for the rich far more of poorer people's spending goes on VAT goods.
    You are so fixated on getting the rich. 10% works great for church's, I don't see why it wouldn't work for the government. We tried to make things fair in the last century. It was called communism. It didn't work. It's usually some rich people behind the scenes blaming other rich people to stir the masses up and then those rich people benefit from the revolution. There is always going to be rich people Sesh. You can't wipe them out. All you can do is have some regulations to make the game a little more fair.
    No! You can't have the keys to the wine cellar!

    Comment

    • Nitro Express
      DIAMOND STATUS
      • Aug 2004
      • 32942

      Originally posted by BigBadBrian
      I agree with you on this. Income from working or investment income all needs to be taxed at the same rate. Estate income is another story.
      I think savings should be tax free. I think it's consumption that should be taxed. In Singapore the maximum income tax rate is 20%. It seems to be working. You don't see beggars in the streets but then the work ethic is better over there.
      No! You can't have the keys to the wine cellar!

      Comment

      • Seshmeister
        ROTH ARMY WEBMASTER

        • Oct 2003
        • 35755

        Flat taxes are hardly a new concept, every country has looked at it before and come to the conclusion they are horribly unfair. Doing it with a sales tax would be even worse.

        Not withstanding the fairness issue, we have VAT here and the fraud is horrendous. It means you get suppliers to collect the tax for you and then hope that they hand it over to the government?

        For a start every time a company goes bust you lose months of VAT revenue.

        Comment

        • Seshmeister
          ROTH ARMY WEBMASTER

          • Oct 2003
          • 35755

          Originally posted by Nitro Express
          I think savings should be tax free. I think it's consumption that should be taxed. In Singapore the maximum income tax rate is 20%. It seems to be working. You don't see beggars in the streets but then the work ethic is better over there.
          You have the eyes of a holiday making tourist...





          The Tuth About Poverty


          THERE IS THIS MYTH THAT Singapore is a rich country and its citizens are well-taken care of. Nothing could be further from the truth. The 1998 United Nations Human Development Index showed that Singapore ranked 28 on the list behind countries like Barbados and Malta.

          In fact many households earn so little that they cannot afford to give their children pocket-money for school, resulting in the students going hungry for the day. The following is a snapshot of some of the more recent cases uncovered:

          In 1999, nearly 2,000 children did not attend school because their parents could not afford it. Mohammad Hirwan is one such child. His parents earn about US $600 a month, hardly sufficient for a family in Singapore. As a result the boy\'s parents had to take him out of school when he was nine. His siblings did not fare any better. All of them dropped out of school because of poverty.

          A technician lost his job and had no income for about half a year had to watch his two young children live on biscuits for days. A social worker said that the man had no money even to take the bus to find a job. The family was literally penniless.

          A man with a wife who suffered from manic depression, asthma and diabetes had to stay home to look after her. Whenever he found some contract work, his children took turns to skip school to watch over her. The family had to survive on US$200 a month they received from welfare organizations.

          A young divorcee cannot find enough money to but schoolbooks and food for her children. Most days, by 10pm, her sons ask if there is any more food. They cannot afford to eat and live mainly on fried rice.

          The elderly poor in Singapore lead just as tragic lives. Many have to, literally, work until they die:

          An elderly woman in her seventies was fatally run over by a hit-and-run driver as she was returning home at 6:40 am, working as a night-shift toilet cleaner. Not only did the elderly lady have to toil in the night shift, her pay was so meagre that she could not even afford to eat lunch. To top it off she had to save to help take care of her 50-year old mentally retarded daughter.

          Another septuagenarian woman worked as cleaner for a measly US$200 a month which she had to share with her 70-year-old sister. The sisters are so hard-up that even vegetables during meal-times are a luxury.

          A 77-year-old toilet cleaner was on his way home around midnight after work. He couldn't afford the fare for a bus ride and had to walk home. He was hit and killed by a car.

          A 96-year-old woman has to go to the garbage dump to pick out odds and ends to sell to support herself.

          A 76-year-old man ran a little business selling household provisions. His paltry income had to support middle-aged daughters who are wheelchair bound and suffering from polio since birth, and a wife who is senile and incapable of looking after herself. His problems took a dramatic turn for the worse when the Government upped the rental of his shop from US$150 to US$450 a month.

          Below are some statistical indicators of the poor in Singapore:

          In 1999 monthly wages for low-skilled workers decreased by as much as 34 percent.

          Nearly 30 percent of households were not earning enough to afford the minimum standard of living. The Government estimates that the subsistence level in Singapore is US$600 for a household of four people—a conservative figure for a country that is consistently ranked among the most expensive cities in the world to live in.

          Between 1998 and 1999, the average household monthly income of the poorest 10 percent of the population decreased by nearly 50 percent. The following year, the figure nose-dived by another 54 percent.

          In 1990, the richest 10 percent of households earned 15.6 times more than the poorest 10 percent. (Households with no income-earners are excluded from this category.) By 2000, the gap widened: the richest 10 percent earned 36 times more than the poorest 10 percent.

          The number of households with monthly incomes of less than $3,000 was 40 percent in 1998 but increased to 42 percent in 1999.

          According to the 2000 Census, 12.6 per cent of households earned less than $1,000 per month. A monthly gross total household income of $1,500 and below is considered “poor” in Singapore.

          A more recent survey found that 16 per cent of the respondents had family members who often went hungry.

          In 2004 37,823 households could not afford to buy their own flats or rent homes in the open market.

          Because of the system, an increasing number of Singaporeans are driven to seek the help of mental professionals:

          In 1990 there were 88,000 such cases. This figure escalated to 147,000 in 1998.

          In 1990 only 8.4 percent of Singaporeans suffered from neurotic disorders such as anxiety and depression. In 1998 16.6 percent succumbed to these disorders. (This problem continues into the present with a newspaper report highlighting that more people are being diagnosed with mental disorders due to financial woes.)

          In 1997, psychiatrists noted a sharp increase in the number of teenagers attempting suicide and attributed the phenomenon to the youths being alienated from their parents. The main reason cited is the stressful lifestyle and high cost of living.

          In 1999, a consumer health survey found that among the various Asian societies, Singaporeans are most likely to have suffered depression, stress, and fatigue. In addition, job-related stresses continue to be the biggest problems for working Singaporeans.

          In 2003, a study found that Singaporeans aged between 20 and 49 years made up 70 percent of suicide cases from 1997 to 2001. They also constitute the main bulk of cases of attempted suicides.

          Between 1994 and 1998 the number of divorces shot up from 3,772 to 5,651 cases.

          Social workers attribute this occurrence to intense stress experienced by workers who have households, children and aging parents to take care. National figures compiled by the Registry of Births and Deaths show that on average, 1 person takes his/her own life in Singapore every day.

          Visitors often remark about the tidiness and orderliness of Singapore. It is because of such an impression that makes the cases of poverty described in the earlier paragraphs so hard to believe.

          The reason why the poor in Singapore are not more visible is that the Ministry of Community Development and Sports conduct frequent raids through its Destitute Persons Service, looking for and picking up vagrants. If Singapore seems to have less destitute, it is not because the numbers are not present. The real reason is that the PAP Government is just much more efficient in clearing the streets of homeless people.

          For all the hype claiming that Singapore is a near-paradise, 20 percent of its citizens indicated that they want to leave the country, predominantly because of the stressful lifestyle and high cost of living. These would-be émigrés are mainly from the strata of younger, higher-income professionals.

          With the costs of living rising, or at least not decreasing, and wages continuing to be depressed, Singaporeans are going to facing increasingly dire economic times. Without any rights, their problems will persist.

          Comment

          • Nitro Express
            DIAMOND STATUS
            • Aug 2004
            • 32942

            Actually I stayed with people who have lived there for 20 years. It's not my first time to Singapore and yes you can dig up all sorts of stuff on the internet to make any point you wish. Much like I can find a real estate appraiser to give me any appraisal I want or how statistics can be manipulated to make any point you want.

            You don't want any rich people. You seem to think the government has all the solutions. You seem to hate constitutions that glorify personal freedom and sovereignty. Face it Shesh, you are a Marxist. I have no use for you.
            No! You can't have the keys to the wine cellar!

            Comment

            • Seshmeister
              ROTH ARMY WEBMASTER

              • Oct 2003
              • 35755

              Marxist? LOL!

              Spoken like a stockbroker/landlord born into wealth.

              Over the years I've noticed that most rich people actually don't do very much for the world. Very few actually produce anything or do anything of any use to the world anywhere near in proportion to how they are rewarded.

              For every comfortable ER doctor there are 10 property speculators who are 10 times more wealthy.

              The system is rigged.

              At least you benefit from that, the sad cases are the ones like Brian who are being screwed and welcome it.

              Comment

              • Nickdfresh
                SUPER MODERATOR

                • Oct 2004
                • 49567

                Originally posted by Dr. Love
                How about a sensible tax rate that is the same for everyone and everything - individuals, corporations, capital gains, etc. No deductions, not bull shit.
                I dunno? How about it? A guy like fucking Romney that was born rich and now receives most of his income from interest should have to pay more than 14% and there should be a substantial death tax...

                And that was ONE FUCKING, SANITIZED bullshit return with inflated charitable donations. These guys are full of shit and Romney deserves to get trumped in November...
                Last edited by Nickdfresh; 09-26-2012, 08:03 AM.

                Comment

                • Nickdfresh
                  SUPER MODERATOR

                  • Oct 2004
                  • 49567

                  Originally posted by Seshmeister
                  Marxist? LOL!

                  Spoken like a stockbroker/landlord born into wealth.

                  Over the years I've noticed that most rich people actually don't do very much for the world. Very few actually produce anything or do anything of any use to the world anywhere near in proportion to how they are rewarded.

                  For every comfortable ER doctor there are 10 property speculators who are 10 times more wealthy.

                  The system is rigged.

                  At least you benefit from that, the sad cases are the ones like Brian who are being screwed and welcome it.
                  Exactly! Most obsessed with taxes are people who didn't earn anything other than being fortunate to be born in the right family, and most I've personally met tend to be wretched douches who've done little and desperately just want to hold onto what their ancestors made...

                  Comment

                  • Dr. Love
                    ROTH ARMY SUPREME
                    • Jan 2004
                    • 7833

                    Originally posted by Nickdfresh
                    I dunno? How about it? A guy like fucking Romney that was born rich and now receives most of his income from interest should have to pay more than 14% and there should be a substantial death tax...

                    And that was ONE FUCKING, SANITIZED bullshit return with inflated charitable donations. These guys are full of shit and Romney deserves to get trumped in November...
                    He will. I still think he will be beaten by about 7 points.
                    I've got the cure you're thinkin' of.

                    http://i.imgur.com/jBw4fCu.gif

                    Comment

                    • ZahZoo
                      ROTH ARMY WEBMASTER

                      • Jan 2004
                      • 9173

                      Originally posted by Dr. Love
                      How about a sensible tax rate that is the same for everyone and everything - individuals, corporations, capital gains, etc. No deductions, not bull shit.
                      That's a great starting point!!

                      This thread is indicative of why it seems impossible to change the current tax system. Our discussion should be focused on a solution. It's ok to hold up the Romney's of the world to demonstrate why the current system sucks... but not get caught up bitching about the abusers so much we forget to put time and energy into a solution.

                      Despite our differences in opinion here... it seems clear all agree change is necessary. Most of the basics aren't that far apart... The current leaders would rather we continue fighting about bullshit so they can continue to keep the game in their favor. At some point enough of us are going to get fed up and organize... given our age/generation our time is approaching...
                      "If you want to be a monk... you gotta cook a lot of rice...”

                      Comment

                      • tbone888
                        Roadie
                        • Feb 2012
                        • 153

                        I see Bono earlier in this thread...isnt he a notorious tax dodger?

                        Comment

                        • Seshmeister
                          ROTH ARMY WEBMASTER

                          • Oct 2003
                          • 35755

                          Yeah it's funny, you have all the rappers pretending to be worth millions and millions and then you have Bono who actually is, pretending he isn't.

                          Comment

                          • Seshmeister
                            ROTH ARMY WEBMASTER

                            • Oct 2003
                            • 35755

                            Originally posted by Nickdfresh
                            And that was ONE FUCKING, SANITIZED bullshit return with inflated charitable donations.
                            Charitable donations or cult donations?

                            Comment

                            • Seshmeister
                              ROTH ARMY WEBMASTER

                              • Oct 2003
                              • 35755

                              Originally posted by Dr. Love
                              How about a sensible tax rate that is the same for everyone and everything - individuals, corporations, capital gains, etc. No deductions, not bull shit.
                              Who does that leave to actually pay for the campaign to get it?

                              Comment

                              • FORD
                                ROTH ARMY MODERATOR

                                • Jan 2004
                                • 59651

                                Originally posted by tbone888
                                I see Bono earlier in this thread...isnt he a notorious tax dodger?
                                Bono isn't running for President of the United States. And at least he actually donates to charities which do something positive. (As opposed to running political slander campaigns in other states, like the cult Mittens gives his money to)
                                Eat Us And Smile

                                Cenk For America 2024!!

                                Justice Democrats


                                "If the American people had ever known the truth about what we (the BCE) have done to this nation, we would be chased down in the streets and lynched." - Poppy Bush, 1992

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