Taxes Part 2

I wrote yesterday's Taxes post before Romney picked Paul Ryan as his running mate.  And Ryan's plan has way more details than Romney's economic "directives" he's espoused so far.  And with more details you see just how much the current Republican Party wants to give your money to rich people.  Fuck the middle class.  An Ayn Rand-ian wet nightmare.  Here's the Paul Ryan plan for disaster in two quick paragraphs...

From the Atlantic:

Under Paul Ryan's plan, Mitt Romney wouldn't pay any taxes for the next ten years -- or any of the years after that. Now, do I know that that's true. Yes, I'm certain.

Well, maybe not quite nothing. In 2010 -- the only year we have seen a full return from him -- Romney would have paid an effective tax rate of around 0.82 percent under the Ryan plan, rather than the 13.9 percent he actually did. How would someone with more than $21 million in taxable income pay so little? Well, the vast majority of Romney's income came from capital gains, interest, and dividends. And Ryan wants to eliminate all taxes on capital gains, interest and dividends.

This is under Ryan's 2010 proposal. Ryan decided to muddy his proposal in its most recent iteration, but this is clearly Ryan's dream and Romney's as well. How can this be proposed? By destroying our social safety net and raising taxes on the 99%.  

 

Comments

[luxury senior apartments]

Ryan's plan has way more details than Romney's economic "directives" he's espoused so far. And with more details you see just how much the current Republican Party wants to give your money to rich people

[abercrombie deutschland]

Es gibt definitiv viele Einzelheiten wie das zu berücksichtigen. Das mag eine schöne Stelle zu vermitteln, bis sein. Ich liefere die Ideen über die allgemeine Inspiration, aber klar gibt es Fragen wie die, die Sie liefern bis an die Stelle ein sehr mächtiger Faktor in vertrauenswürdigen Treu und Glauben arbeiten werden.

[Chahid]

To be honest, I think that’s the ssretamt choice for McCain You're out of your mind. Willard brings virtually nothing to the table. Hilarious that you would want to take all the shortcomings that failed to get Willard anywhere close to the GOP nomination despite an $80 million bankroll .and bring those shortcomings to a general election ticket. McCain needs someone who is young, appeals to conservatives, and can speak convincingly on the economy. Uh, Jay, Willard is 60, came in fourth place in the most conservative state's primary, and presided over the lowest-growth economy of all 50 states when Massachusetts Gov from 2003-2006. What Romney really delivers is some straight talk on the economy Promising a $40 billion federal bailout of Michigan in order to prolong his Presidential candidacy a few more weeks is straight talk ?Republicans would be best advised to do what they do best .be Republicans and divide Americans based on religion and culture. Either Obama and Hillary would be easy targets. The last thing McCain needs to do is adopt an economic policy that is exactly the same as the economic policy of George Bush which about 20% of Americans approve. I don’t know if the McCain camp is serious considering Romney as a VP or not, but on a number of levels that may be one of his best choices to unite conservatives and to give him some much-needed economic credibility.McCain (along with every other Republican candidate from 2008) hated Willard so much that they exchanged e-mails amongst each other to advise on how to hit him in the next debate. Very hard to imagine how that gut-level acrimony can be overcome for a negligible benefit to the ticket. Rather than uniting conservatives, a Willard selection would tear them further apart, with the values voters foot soldiers who hate Mormons realizing just how badly the Wall Street Journal/Jay Reding crowd takes them for granted.