For some reason everything is a bull or bear with you, KID. Some of us have never seen such nonsense in our lives and do not understand what is going on. We are old enough that we can't afford to gamble our life savings on what these idiots in Congress or doing. Bears short stocks and Bulls buy stocks. I just hang out in the stable value fund until I find a chance to jump in for a day or two. I am up a little on the year but probably never be able to make the really big money again. That is OK because the game now is to get it out and spend it with giving as little to the criminals in Washington as possible. Wish I could get the same tax rate as Mitt Romney.
Lance Armstrong,.....I probably get more from the Federal government than Mitt Romney, yet he is paid over $6.M in taxes in the past 2 years. I don't think that Romney is paying too little. Much of his income was dividends and capital gains, you should try that instead of hugging your 3.3% "safe income.".......NEW YORK (CNNMoney) -- Republican presidential candidate Mitt Romney made $42.7 million over the past two years and paid $6.2 million in taxes, according to documents released Tuesday by his campaign.
Romney and his wife, Ann, filed a joint 1040 reporting $21.7 million in 2010 income and $3 million in federal taxes. They also said their 2011 income was $21 million and tax bill was $3.2 million.
Nevertheless, and contrary to popular perception, Romney's effective federal income tax rate is still above that of many Americans -- 80% of whom have an effective rate below 15%. That tax rate is higher when other federal taxes -- such as the payroll tax -- are included.
The reason Romney's rate is so low -- despite having one of the highest incomes in the country -- is because his income was derived almost entirely from capital gains and dividends from his extensive portfolio of investments. And that form of investment income is typically taxed at just 15%, well below the 35% top tax rate for high earners.
Another reason: He had extensive itemized deductions, which lowered his overall tax liability.
A big part of those deductions were charitable contributions.
Romney and his wife, Ann, gave away more than $7 million over the past two years -- or about 16% of their income. Of that, $4.1 million went to the Church of Jesus Christ of Latter-day Saints, to which they belong.
Kid, one of those dead bears was actually a bear suit.
I thought the Republicans might try to fight this out a little longer, but they're already backpedaling.
I sold my S&P short ETF today and will be going long with UTX.
I didn't pull the trigger today, maybe first thing tomorrow.
Hey, if you can't beat 'em join 'em, especially when the game is riggged.
Not just a strong company, but you also get easy money from Yellen, and a kick the debt can down the road administration in control, what a deal.