President Obama Responds To Mitt Romney's Claims That His Lower Tax Rate Grows The Economy

ABC World News - September 24th, 2012

• Category

  News & Politics

[P anaya]

Also, Business owners are very productive to this economy and the government wants to bite the hand that feeds them the most.. Not right at all. I am not rich nor have I ever been. But I do not have hate for Rich people for my own failures and I don't think it's right.. I pray one day my turn comes so me and my kids are comfortable and I don't want the govmnt to take from me.. We are Americans with a dream and we don't need the gov. to take the fruits of our own labor.

[P anaya]

Yea ok let's just say the prez didn't misquote Romney's response and that is true::: A person making 50,000 a yr. has a mortgage and allowable deductions so by the time the allowable deductions take place that person is actually taxed on like $12,000 and is in the 25% tax rate that's 3,000 and most of that is already paid from his weekly deductions or 1040es quarterly payments. And Romney's 14% on let's say 2 million dollar profits is $280,000 that's not chump change...

[kurolap]

Ok that's a whole other argument that I would love to partake in, what I'm saying though Shirley is that Obama (and others) for political purposes mis-quote the actual statement.

[Shirleyghh]

However, in the REAL world, no corporations ever pay anything near that rate, and many huge corporations have paid ZERO tax for multiple years.

[kurolap]

That's not what Romney said... He said that's in addition to the corporate rates that are upwards of 35%