Rant, Anti-Romney
#101
You are probably being thrown off by my formatting. I'll look closer later.
You take either the total of itemized deductions or the standard deduction ($11,900), whichever is greater. I use an "IF()" formula in my spreadsheet.
Again, taxes are confusing.
If that doesn't clear it up, send me a PM and I will email you a spreadsheet tonight or tomorrow.
You take either the total of itemized deductions or the standard deduction ($11,900), whichever is greater. I use an "IF()" formula in my spreadsheet.
Again, taxes are confusing.
If that doesn't clear it up, send me a PM and I will email you a spreadsheet tonight or tomorrow.
(Edit) I still can't make sense of those numbers, Scrappy. I get 6105 for Romney and 7215 under the current system (A large tax decrease, yes, but not as large as the one you posted). This can't be a rounding error, so what does your spreadsheet do that my calculator doesn't?
#102
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(Edit) I still can't make sense of those numbers, Scrappy. I get 6105 for Romney and 7215 under the current system (A large tax decrease, yes, but not as large as the one you posted). This can't be a rounding error, so what does your spreadsheet do that my calculator doesn't?
Under current law, you pay 10% on every dollar of taxable income over $0 up to $17,400, 15% on every dollar over $17,400 up to $70,700, 25% on every dollar over $70,700 up to $142,700, etc.
The formula for my 2012 number looks something like this:
=$1740+(15%*(55,500-$17,400)
The formula for my "Romney version" looks like this:
=$1392+(12%*($55,500-$17,400)
#103
I can't be bothered to check your math but - unless I have made another typo in putting this together so quickly - the problem is likely that you don't know how to calculate tax obligations (see: not understanding the way itemized vs standard deductions work). That's not a dig, most people don't. That's why they have CPAs or TurboTax. The rates are bracketed: you can't just take your marginal rate or effective rate and apply it toward your final income level.
Under current law, you pay 10% on every dollar of taxable income over $0 up to $17,400, 15% on every dollar over $17,400 up to $70,700, 25% on every dollar over $70,700 up to $142,700, etc.
The formula for my 2012 number looks something like this:
=$1740+(15%*(55,500-$17,400)
The formula for my "Romney version" looks like this:
=$1392+(12%*($55,500-$17,400)
Under current law, you pay 10% on every dollar of taxable income over $0 up to $17,400, 15% on every dollar over $17,400 up to $70,700, 25% on every dollar over $70,700 up to $142,700, etc.
The formula for my 2012 number looks something like this:
=$1740+(15%*(55,500-$17,400)
The formula for my "Romney version" looks like this:
=$1392+(12%*($55,500-$17,400)
I see why you spreadsheet that now, and why it's so hard to get similar results for me. I'm going to have to actually research this topic to try to even verify goddamn numbers, aren't I?
#104
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or...
B) No. Just assume I am the closest thing to an expert on the subject of personal (not corporate) finance and taxes you know, being educated formally in and dealing with them on a daily basis, and trust my numbers and interpretations.* #AppealtoAuthority
* Unless Joe Perez corrects me on something that I concede to or I correct myself on a typo or clerical error.
#105
At first I thought the person with the miata turbo cat avatar was flip flopping almost as bad as Mitty. Then I saw you all just had the same icon.
tl;dr
All your debating matters nothing. I'm the normal guy on the street that watches Fox so I'm voting Mitty,
Now I'm normal guy that's on the street that does not watch Fox, I'm voting for Obama.
More people vote how there parents or church / place of warship tell them to then make educated chooses on the facts.
That's how this works and no about of talking will change that. 2 party systems don't work when you are focused to only be able to vote for clone a or clone b.
tl;dr
All your debating matters nothing. I'm the normal guy on the street that watches Fox so I'm voting Mitty,
Now I'm normal guy that's on the street that does not watch Fox, I'm voting for Obama.
More people vote how there parents or church / place of warship tell them to then make educated chooses on the facts.
That's how this works and no about of talking will change that. 2 party systems don't work when you are focused to only be able to vote for clone a or clone b.
#106
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The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America 's debt weakens us domestically and internationally. Leadership means that "the buck stops here. " Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."
~ Senator Barack H. Obama, March 2006
#108
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he has a good shot at winning; far greater than ron paul.
but it's doubtful he will, because people love a black president that cant get **** done in four years and need four more years of doing nothing.
but it's doubtful he will, because people love a black president that cant get **** done in four years and need four more years of doing nothing.
#113
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If you want to change the point to, "fivethirtyeight.com has Obama as the favorite and they have a good track record of predictions based on results X,Y and Z" that's different.
#114
You said the betting establishments have Romney at a 4:1 underdog, implying that has some predictive power. I'm asking if it does.
If you want to change the point to, "fivethirtyeight.com has Obama as the favorite and they have a good track record of predictions based on results X,Y and Z" that's different.
If you want to change the point to, "fivethirtyeight.com has Obama as the favorite and they have a good track record of predictions based on results X,Y and Z" that's different.
As for fivethirtyeight, yeah. They are currently the most accurate pollster/poll aggregator/predictor/whatever out there as per the 2008 and 2010 elections I'd say. That's what I use if I'm going to make any bets (And I've started to bet heavily on Obama at certain prediction markets now. Once Obama crossed the 75% threshold on 538, that was enough for me to start laying small wagers of Miata money that I won't miss, but wagers that if they are won, will finance a **** ton of Miata mods.)
#116
I don't think there's need for argument. Really I think we should study the OP. We can make an exhibit of him and his post as "What happens when someone who believes no one on television would ever lie and campaign advertisements have some sort of journalistic standard tries to make a political statement based on random television bits in broad unspecific terms" I think that's what he means when he gets the impression that he's done something really bad and he's a horrible person but can't quite seem to figure out why he thinks that.....
#117
I don't know if he is a horrible person. I just know that I don't agree with the few policies he has actually taken a stand on (Iran/foreign policy in general, marijuana legalization) and know absolutely nothing else about any of his other positions. What is his position on health care reform? I don't know, he says something different every day. First all of the ACA was going to be repealed. Then some of the parts would stay, but not the Individual Mandate (which is impossible btw, the only reason that all the fun parts of the ACA are possible is the Individual Mandate). Then it would all be repealed again.
Luckily, I live in Indiana, so thanks to the Electoral College, my vote doesn't count. Since Romney has a 15 point lead, I may as well stay home. HOORAY FOR DEMOCRACY!
Luckily, I live in Indiana, so thanks to the Electoral College, my vote doesn't count. Since Romney has a 15 point lead, I may as well stay home. HOORAY FOR DEMOCRACY!
#118
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You could take three minutes and like, I dunno, research?
Personally, I like the electoral college, it's the 17th admendment that needs to be repealed. That and everything else the regressive mob-party ruined.
Personally, I like the electoral college, it's the 17th admendment that needs to be repealed. That and everything else the regressive mob-party ruined.
Last edited by Braineack; 09-18-2012 at 10:09 AM.
#119
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here's a few quotes from the last day or two from romney that make me like him:
'Palestinians have no interest in peace'
Obama supporters are: 'Dependent on government'
'Obama Plan Attractive To Those Who Don't Pay Taxes'
quotes that make me not like obama:
'I think when you spread the wealth around, it's good for everybody'
'i want to fundamentally change america'
'UPS and FedEx are doing just fine, right? It's the Post Office that's always having problems'
'I've now been in 57 states -- I think one left to go'
'I do think at a certain point you've made enough money.'
'I don’t want a government that’s wasting money. It’s gotta be lean, it’s gotta be mean, and it’s gotta make sure that its focused on the people who are needing a ladder up.'
or anything he's ever said ever.
'Palestinians have no interest in peace'
Obama supporters are: 'Dependent on government'
'Obama Plan Attractive To Those Who Don't Pay Taxes'
quotes that make me not like obama:
'I think when you spread the wealth around, it's good for everybody'
'i want to fundamentally change america'
'UPS and FedEx are doing just fine, right? It's the Post Office that's always having problems'
'I've now been in 57 states -- I think one left to go'
'I do think at a certain point you've made enough money.'
'I don’t want a government that’s wasting money. It’s gotta be lean, it’s gotta be mean, and it’s gotta make sure that its focused on the people who are needing a ladder up.'
or anything he's ever said ever.
Last edited by Braineack; 09-18-2012 at 12:21 PM.
#120
You've got some good ones...but there are so many to choose from...
"You didn't build that (buisness). Someone else made that happen"
"Egypt is neither an ally nor an enemy"
"This is the moment when the rise of the oceans began to slow and the planet began to heal"
This "you didn't build that" comment is worst out of all of them I think.... it and everything it implies I find absolutely repulsive and wrong.
"You didn't build that (buisness). Someone else made that happen"
"Egypt is neither an ally nor an enemy"
"This is the moment when the rise of the oceans began to slow and the planet began to heal"
This "you didn't build that" comment is worst out of all of them I think.... it and everything it implies I find absolutely repulsive and wrong.