Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan | Page 4 | TigerDroppings.com

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CptBengal
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re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

When it comes to taxes though....

I might be worth trusting.


are you a tax attorney?

An accountant?






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jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
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re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


ill trust myself on economics and Taxing Authority on taxes





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Scruffy
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re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

When it comes to taxes though....

I might be worth trusting.
Why?

I haven't really followed this thread up until this point, but why are you worth trusting?






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vodkacop
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GOM
Member since Nov 2008
2090 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


Its not rocket surgery





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Tiger n Miami AU83
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re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

Why?

I haven't really followed this thread up until this point, but why are you worth trusting?


I don't have a dog in this fight (though no one probably believes that). I would vote for Romney in a heartbeat if he had a good and serious plan to attack the debt/deficit problem. In. A. Heartbeat. And that starts with a quality tax plan. One that does not aim for revenue neutrality in a totally unrealistic manner, but one that actually helps reduce the debt and deficit.

Obama's tax plan is not great, but it is decent. Romney's tax plan is just bad and does not make sense.

Therefore, I side with Obama in this election.






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jcole4lsu
Virginia Fan
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Member since Nov 2007
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re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


you didnt answer his question, at all.





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Wild Thang
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10-7 Superbowl!!!!!
Member since Jun 2009
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re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

I don't have a dog in this fight (though no one probably believes that). I would vote for Romney in a heartbeat if he had a good and serious plan to attack the debt/deficit problem. In. A. Heartbeat.




Didn't you say Obama won the first debate on substance?





















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crimsonsaint
New Orleans Saints Fan
Member since Nov 2009
32715 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

What. A. Joke.


So it's A-okay for Obama to use that Princeton professor's article to attack Romney, but when the same professor writes another article stating that Romney's plan can work the way Romney claims, "it's a joke"?






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Tiger n Miami AU83
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re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

CptBengal


Yes. MTA - magna cum laude as well as almost 10 years in the Big 4 and now other firms in the international tax arena.

I'm qualified to analyze a tax plan and I have done so here and read the economic predictions while applying my knowledge of US taxes.

However, the plan is not that technical and you don't really need to be an expert. Just spend the time reading some of the analysis of it from legit sources and the problems inherit in it WILL become clear. It REALLY comes down to some basic math at the of the day, along with a reasonable growth model and understanding the impact of tax cuts in a debt/deficit environment.It is just a matter of taking the time to do it and being objective.



This post was edited on 10/8 at 7:20 pm


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CptBengal
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Member since Dec 2007
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re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

Obama's tax plan is not great, but it is decent. Romney's tax plan is just bad and does not make sense.

Therefore, I side with Obama in this election.


Again, people who are infinitely more qualified than you disagree with that comment. Just because Obama says he is right and Romney is lying, as the OP points out, doesn't make it true.

Sad....you still live in your delusion and Obama's lies.






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JohnnyKilroy
New Orleans Pelicans Fan
Member since Oct 2012
8551 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

Obama's tax plan is not great, but it is decent.


Which is what?

All I've heard from him is raising the top marginal rate to 39.6% (resulting in ~70 billion/year) and closing loopholes for businesses that move overseas (17 million/year).

I know that cap gains is going to rise significantly under obamacare taxes.

What else is there? I would like to know. We've heard that Romney's plan is too vague, explain to me obama's plan, in specifics. At least give me a few bulletpoints that will lead me to believe that he will shrink the deficit without the economy growth.






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CptBengal
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Member since Dec 2007
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re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

es. MTA - magna cum laude as well as almost 10 years in the Big 4 and now other firms in the international tax arena.



Nice. Where'd you go to school?

quote:

I'm qualified to analyze a tax plan and I have done so here and read the economic predictions while applying my knowledge of US taxes.



Then why do most TA and economists disagree with you? Are you not good at your job?

quote:

the plan is not that technical and you don't really need to be an expert.


Yes, Obama's plan of tax the rich isnt technical at all...it's downright moronic to anyone who deals with numbers.






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Tiger n Miami AU83
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re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:


So it's A-okay for Obama to use that Princeton professor's article to attack Romney,


I missed that, but he doesn't need it. He has ample ammo.

quote:

the same professor writes another article stating that Romney's plan can work the way Romney claims, "it's a joke"?


Did you read what I put on page 1? Saying it can work is fine I suppose.

That is if you are ok with paying more in taxes if you are a middle-class income earner who owns a home or has kids. And that is not a talking point. That is a REALITY IF Romney wants to maintain revenue neutrality like he says.






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Tiger n Miami AU83
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re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

Then why do most TA and economists disagree with you?


Disagree with me in what way? I think you are mistaken.






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CptBengal
USA Fan
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Member since Dec 2007
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re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

Disagree with me in what way? I think you are mistaken.


See the OP.

BTW this liberal tactic of playing ignorant...isn't smart. hell, it isn't even particularly clever.






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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
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re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

Which is what?

All I've heard from him is raising the top marginal rate to 39.6% (resulting in ~70 billion/year) and closing loopholes for businesses that move overseas (17 million/year).

I know that cap gains is going to rise significantly under obamacare taxes.

What else is there? I would like to know. We've heard that Romney's plan is too vague, explain to me obama's plan, in specifics. At least give me a few bulletpoints that will lead me to believe that he will shrink the deficit without the economy growth.


Obama's plan broadly is as follows:

Let the Bush tax cuts expire on people making over $200k or $250k. That is primarily the cuts on dividends and cap gains.

Increase the top marginal rate back to 39.6%.

Those are the two main components with the biggest impacts. There are others like taxing carried interest as ordinary income instead of cap gains, etc, but those two I just mentioned are the big ones.

The reason Romney gets hammered about specifics is his plan calls for almost $500B in cuts that he promised to make up, primarily with eliminating deductions for individuals. Well, it has been shown, very clearly in fact, that he will have to do away with the majority of all deductions to accomplish this.

So, the question is as follows:

Do you support a tax plan that gets rid of most itemized deductions to pay for a 20% rate reduction?

Are you aware of the distributional shift in the tax burden that will occur if you cuts rates 20% and do away with most itemized deductions.


Those are the two questions everyone needs to answer individually regarding the two plans.



This post was edited on 10/8 at 7:32 pm


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Tiger n Miami AU83
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re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

BTW this liberal tactic of playing ignorant...isn't smart. hell, it isn't even particularly clever.


I'm not a liberal. Keep thinking I am though. I hate politics and both parties.

However, I hate ignorance more.






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Tiger n Miami AU83
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re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

CptBengal


Also, I understand you are strongly affiliated with the GOP or strongly against Obama, whatever the case may be.

But do you not want to educate yourself and figure out where your opinions are correct? Or your understanding of the tax plans?

I get the impression you do not care, but I am asking anyway.






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JohnnyKilroy
New Orleans Pelicans Fan
Member since Oct 2012
8551 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

Let the Bush tax cuts expire on people making over $200k or $250k. That is primarily the cuts on dividends and cap gains.




So less revenue than currently? That doesn't sound like shrinking the deficit to me.

quote:

Increase the top marginal rate back to 39.6%.


So 70/bil per year (assuming that this has 0 negative impact on the economy)? Again, that doesn't sound like much.

So in your opinion, the two BIG things in Obama's plan are a tax increase that historically results in less revenue, and a tax increase that in a best case scenario results in 70 billion per year...


Those are his big plans?



And if you DO think that raising cap gains tax will result in higher revenues, why will this be different from every other time it's been raised?






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TROLA
LSU Fan
BATON ROUGE
Member since Apr 2004
6573 posts

re: Princeton Economist: Obama Is Misrepresenting My Study on Romney's Tax Plan


quote:

However, the plan is not that technical and you don't really need to be an expert


Name one plan proposed and run on by any president during any modern campaign that was passed as the plan was proposed? Technical campaign plans have no meaning when what can be done is completely different in reality.






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