Posts tagged with "romney"

Please Mr. Romney…tell us more.

There are 1.4 million people on active duty in the military.

The DoD is the largest employer in the United States.

We spend roughly $700B (that’s a B as in billion folks) per year on national defense, a good chunk of which goes to contractors who employ untold numbers of engineers, as well as skilled and unskilled laborers.

How many fewer public school teachers would there be if all Federal funding for public schools ceased overnight?

Lets not forget that the business side of managing 330,000,000 prosperous Americans’ interests, be it agriculture and food safety, education, taxes, commerce, justice, transportation, or any of the thousands of other things the federal government is responsible for, involves a metric shitload of man hours. A lot of work is farmed out to more private industry consultants and contractors, just like the department of defense. And a lot of private interests benefit from the mere presence of a government entity (think of the towns that grow up around a military base). Our area is seeing similar, albeit smaller scale benefits from the Muscatatuck Urban Training Center. Then again the only reason our map dot has prospered at all is because it lies at the intersection of a major interstate corridor and a major US Highway. This would be a good time to remind everyone that the Interstate system remains the largest public works project in the world, and last time I checked, the single most expensive things we have built.

So please, you plastic smile windbag, shout on about how the federal government doesn’t create jobs. Given the policies of the past 12 years, neither do your greedy ass benefactors.

Oct 6

squashed:

Why Obama Will Decisively Win

For those of you inclined to spend about an hour of Saturday morning listening to a political science professor running through electoral math, here is Williams College’s Professor McAllister.

I am still skeptical, but I am also bolstered by his numbers and agree with many of his assumptions about the battleground states.

14.1%

So Mitt Romney released his 2011 Tax Returns.

CNN reports that he made $13.7 Million last year and only paid $1.94 Million in taxes, an effective rate of 14%.

Running some rough numbers, at a 20% effective rate, he would have paid $2.74 Million.

At the 25% (or the rate most middle class american households pay) he would have paid $3.2 Million.

So lets see…

If I gross $50,000 a year, and I paid a federal income tax rate of 14%, I’d be left with about $43,000 to spend.

If I gross $50,000 a year, and I paid a federal income tax rate of 25%, I’d be left with $37,500.

$5500 is a pretty big chunk of money to somebody making $50,000 a year. That’s almost a year of mortgage payments, or car payments, or an untold number of diapers and school supplies.

So how does that math work out for Romney?

At 14%, paying $1.94 Million in taxes, he’s left with…$11.2 Million.

At 25%, paying $3.2 Million in taxes, he’s left with $9.82 Million

Even at 25%, he would probably still be eligible for the $10 Million / year income club.

Lets go to the “Socialist” extreme and tax incomes over $250,000 a year at 35%.

How much would Romney have left? $8.5 Million.

So he would have to save some pennies and raid his couch cushions in order to afford that luxury yacht, or a 4th house in Aspen or on Maui. But that ~$5 Million in federal taxes would be used to provide security to his employees who make him that money. It would educate their kids who will become the next generation of working stiffs. It would provide them with good roads to drive to work on. It could provide them with healthcare.

That we want to further reward the rich, who are already being substantially rewarded, with tax breaks, in the name of “not penalizing success”, is simply laughable.

Is there anybody out there who really thinks Mitt Romney would have just said “fuck it, lets go get a beer” instead of doing whatever it was he did in 2011 that made him $13,000,000, if his tax rate was 20%, 25%, or even 35%?

Seriously, what looks better: $43,000 / year, or $8,500,000 / year?

Sep 6
discoverynews:

Hackers Allegedly Holding Romney’s Taxes for Ransom

Mitt Romney’s tax returns may be a secret no longer. An unidentified group claims to have stolen Republican Presidential candidate Mitt Romney’s tax returns from PricewaterhouseCoopers Tennessee offices.
The company has replied with a statement saying, “there is no evidence that our systems have been compromised.”

breaking news…

It is sad if it is true. Not because they were hacked and Romney was blackmailed, that is karma.  It is sad because it took [would take]  such an act to get them in the open. 

discoverynews:

Hackers Allegedly Holding Romney’s Taxes for Ransom

Mitt Romney’s tax returns may be a secret no longer. An unidentified group claims to have stolen Republican Presidential candidate Mitt Romney’s tax returns from PricewaterhouseCoopers Tennessee offices.

The company has replied with a statement saying, “there is no evidence that our systems have been compromised.”

breaking news…

It is sad if it is true. 

Not because they were hacked and Romney was blackmailed, that is karma.  

It is sad because it took [would take]  such an act to get them in the open. 
I think he’s too hard on Romney. Surely Romney has matured since high school. But I haven’t. At least, not enough. The guy I was in high school wanted the guy Romney was in high school to lose. Now we get to vote against him.
Mar 6

Link Paul Krugman: Equality of Opportunity? Never Mind

If you can’t afford college, tough luck.

Link Paul Krugman: We Still Need To See Those Returns

We need to know more about his low, low taxes.

I’m really hoping for Romney to win the primary, just so we can watch President Obama mop the floor with him during a debate.