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Lexmark Reports Full Year and Q4 2011 Results
#6
LWC Wrote:Contrary to what it may appear, I have no problem with corporations making money. The problem is that many of them would love to go back to the company-town and indentured servitude days. AND/OR when given bail-out money, they give themselves bonuses and take retreats, instead of getting things fixed.

I am not a fan of insanely higher rich-taxes, but I am also not a fan of "fair-tax" or flat-tax. I am somewhere in the middle. Sadly, I believe Romney's 14% is much lower than what many of you stated that you pay in taxes, am I right? What company is it that has gotten away with paying so little recently, is it GE? I forget which it was, but its insane!

I got off topic but the comment was open for response, lol.
Romney's effective tax rate was so low because most of his income was from dividends. The companies that he owns and has invested in also pay corporate income taxes.

In addition, Romney donated another 15 percent of his income to charity. Compare that to the paltry 1 percent that Obama "gives back," and it is hard to make a case that Romney is the greedy one. Romney has probably paid more income taxes in the past couple of years than Obama has paid in his entire life. If Romney wins the nomination, I look forward to seeing Obama trying to make the case that Romney has not been paying his "fair share." Nothing could be further from the truth.
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Lexmark Reports Full Year and Q4 2011 Results - by Hoot Gibson - 02-04-2012, 09:25 PM

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