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03:19 AM on 07/12/2012
The," Can of Worms" is open, and more little "worms" crawl into the light as every day passes.Just as the article says, here is a guy that , with his "indiscretions" , childhood pranks ( ya right ), this is just another glimpse into the Glass House, Romney lives in. THIS is NOT a good guy, this is a SHIESTER. This Man wants the White House? Wanting and DESERVING are two very different things, Mr. Romney. Worlds Different. Obama 2012.
03:02 AM on 07/12/2012
Fair share isn't in the Constitution? Romney paying less than half my rate must have been in the Articles of Confederation? Or maybe it was Atlas Shrugged? Websters?

Where did I see that thing about fairness?
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SnowOwlFan
11:42 AM on 07/12/2012
"Graduated" taxes, and even a tax on income tax itself aren't in the Constitution. The Constitution clearly envisioned either fees that were paid by the person using the service or taxes that were equal, that is if I pay a dollar, you pay a dollar, Mitt Romney pays a dollar. The government is addicted to income taxes, and you'll never see the issue of their Constitutionality come to the Supreme Court.

How is it in any way "fairness" for the government to systematically seize control of more and more of the economic life of the country? Why don't we ever consider what government's "fair share" is, and why it is fair for it to grow inexorably, year after year. That's what your "fair share" of taxes goes for.
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missprissanna
the weight of the news nearly broke my back
11:53 AM on 07/12/2012
Most of us in the working class know and understand nothing is fair and never will be...the problem is things shouldn't be so unfair.

I just can't understand the poor and working class who seem to think this system isn't stacked against them....the deck is stacked to favor the wealthy at the expense of the working class and they can't see that.....makes no sense.
02:52 AM on 07/12/2012
Great points Sanjay. My general view is that we expect the average American to follow the letter of the tax law and exploit loopholes, but hope that America inspires the average man to follow the spirit of the law. Romney, however, is not an average American. He has had great influence in creating the letter of the law surrounding tax breaks for PE professions. (FD: I am a PE professional). As a presidential candidate, I would expect that he would uphold the spirit of the law.

I wonder how Romney's donations to the Mormon Church compare to church tithing requirements. His foundation donated $4 million over the past 5 years. Romney himself donated $4 million to charity (though unclear which ones) in 2011 on $20 million of taxable income (Source: Fox News, so we know this is true). Does this suggest that he takes tithing more seriously than taxes? (FD: I don't believe that donating to any religion should be tax deductible)
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SheilaKhani
normal is an illusion
02:25 AM on 07/12/2012
at it's core the problem in this country is the power of money. mega corporations get away from paying their taxes, rich people like Mitt find investment ways to avoid paying taxes, but that's not the case with tax paying ordinary citizens in America. even IRS is biased when it comes to "income" brackets
01:58 AM on 07/12/2012
Congress spent the money and your claims are inaccurate. Try Google. The answers you seek require personal responsibility to research.

A good place to start would be looking up what portion of our current deficit was caused by the Bush tax cuts for the rich and two unfunded wars we are still paying for, but I suspect that last years talking points leave little room for objectivity.
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Vinnie Terranova
Enjoying month 26 of Recovery Summer 2010
01:52 AM on 07/12/2012
I wonder how it is that so many of our fellow Americans fail to grasp that this Nation was forged in a tax revolt against a distant, capricious, overreaching power, and instead posit that true Patriotism inheres in blindly paying taxes for the use and misuse by a permanent government class.
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EllyB
left of center
07:02 AM on 07/12/2012
I might listen to you if the GOP wasn't taking the revenues out of the hide of the middle class.
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Vinnie Terranova
Enjoying month 26 of Recovery Summer 2010
07:27 AM on 07/12/2012
Well, according to your theory, they should love their extra-Patriotism.  Why do you protest the middle class' superior Patriotism?
10:39 AM on 07/12/2012
Misuse? The GOP just wasted $50 million of taxpayer money trying to repeal healthcare reform when they know their bill won't pass the Senate. http://www.huffingtonpost.com/2012/07/11/health-care-law-repeal_n_1666917.html
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mindoro33
01:43 AM on 07/12/2012
Believe in America Invest in Bermuda.
10:41 AM on 07/12/2012
Ironic isn't it, that "Believe in America" is Romney's campaign slogan?
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SnowOwlFan
12:28 PM on 07/12/2012
Believe in America, keep as much money as you can from the Federal government.
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mindoro33
01:41 AM on 07/12/2012
OBAMA2012.
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01:10 AM on 07/12/2012
Last I heard, the IRS ruled that evading taxes legally was not illegal. Something about deductions, etc.
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EllyB
left of center
07:03 AM on 07/12/2012
I believe you missed the point.
12:39 AM on 07/12/2012
It's not illegal
To use offshore tax shelters
But shouldn't it be?
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rbelmonte
always grateful
08:31 AM on 07/12/2012
No it is not illegal, and maybe it should be. It is symbolic...do you trust a man that puts his money offshore to avoid paying taxes and/or enrich his bottom line, is for years moving US jobs offshore, when young Americans are drafted to go to war for America, he spends his time in France...vacationing or according to some spreading the Mormon Religion to Europe. So it does it matter that we examine the life of a person that wants to become our President. Can he handle this job? I say...if you want your country to continue to go into the direction of these corrupt bubbles that benefit no one but multi millionaires’ and billionaires’ then he is your man. If you want your country repaired, healed, employed, respected... then the other guy is your man.
OBAMA 2012
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J T K
Quis custodiet ipsos custodes?
12:34 AM on 07/12/2012
"Taxes fund most of our crucial public functions from road repair and public transport to the police force, welfare, and even trash collection."

Hah, road repair and police might be essential but public transport while important is hardly essential. Welfare should not be a federal issue, neither should trash collection. If anything trash collection should be entirely paid for by fees and public transport and road repair/building should be mostly if not entirely paid for with fees for those who make use of those services.
02:25 AM on 07/12/2012
"Fees". The great way to parse "taxes". Here in CA I pay directly for my trash pickup and recycling. No "fee" it's a direct bill.
Public transport cannot and will not make enough to cover it's costs without taxes and exactly how does one impose "fees" on people for road repairs? Charge them per odometer mile? AHA! New Gov't bureacracy! Job creation!
No,it's paid in the form of the gas TAX..
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An Engineer
07:39 AM on 07/12/2012
I've been to California and the taxes on each gallon of gas exceed any other contribution toward the final price. The Government has already received more money from a gallon of gas when it REACHES THE PUMP than the Oil company will receive in profits. If the taxes on Gasoline were applied first to roads and infrastructure and second to the entitlement spending that Congress has invented, roads and bridges would be in great shape. No general revenue taxes would be required. It is not the amount of money, it is how it is being spent. Like the Cities in California who are going bankrupt; they took on obligations and local entitlements without understanding there comes a tipping point that you cannot afford. Welcome to the fiscal responsibility awakening. So goes California, so goes the Nation, eventually.
04:37 AM on 07/12/2012
Maybe we could only charge people with children for public schools too....
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J T K
Quis custodiet ipsos custodes?
05:44 AM on 07/12/2012
As someone who has no kids and has no plans to ever have kids I see no problem with that. An educated society may be good for everyone but since the government has no interest in fixing our broken system let the people with kids pay for education for awhile.
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Allene Stucki
12:31 AM on 07/12/2012
This piece begs the question, does Sanghoee pay more taxes than the absolute minimum he can legally get away with? And if not, is he a "disloyal American"?
11:43 PM on 07/11/2012
Congress controls the purse.
Our founding fathers set it up like that.

Advice from tax attorneys does not equal legal. Those taking bad advice are not shielded from penalties.

The rich buying loopholes for themselves does not change the definition of "fair share".

Legal is not the same as presidential.

The Republican talking points defending Romney are grasping at straws.
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J T K
Quis custodiet ipsos custodes?
12:37 AM on 07/12/2012
I'd be interested where you see fair share in the Constitution, any of the amendments, or in any other government document for that matter. The "fair" share is a myth, fair is paying for what you take from society and I have yet to see anyone give any information that leads me to believe that the rich take more from society than the poor even if they make more money out of what they take. As far as I know the rich don't send more mail or use the roads a whole lot more, at least not enough to justify the type of "progressive" taxation liberals want.
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An Engineer
07:47 AM on 07/12/2012
J T K, you are WAY too logical.
A bunch of those who don't want to understand are going to "collapse you" if you are not careful.
Anyway, "fair" is defined in arbitrary terms depending on party and level of jealousy and envy. Class warfare buys votes. It IS time for tax reform and a flat tax of even 10% on every person in the workforce will raise more tax revenue than raising the marginal rate on the rich. The problem is if exemptions go away, Congress will lose a currency with which they woo the rich and influential. Progressives like a progressive tax rate because they like to "stick it to the rich". "Punishment for success" is NOT one of the principles that this Nation was founded on; it is a tradition that found its way here from Europe, and it needs to go home!
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kasnova
09:56 AM on 07/12/2012
What is the justification for the super rich paying a lower tax rate than everyone else?
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EllyB
left of center
07:05 AM on 07/12/2012
Excellent post!
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Americangangster
Dual masters in dominance and modesty
11:35 PM on 07/11/2012
They don't really matter. The left is just using these preschool attacks to hide Obamas failures. He can't run on his record, Romney has a more successful record, and the left is panicking
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kamact
Market Observer
11:29 PM on 07/11/2012
Mitt is a personification of Wall Street greed and corruption.....