2016 Postmortem
Related: About this forumIncome taxes paid by 2016 candidates. Hillary 32% Bernie 13%
Bernie pays the lowest effective tax rate.
Here's a look at some key details from the 2014 federal tax returns of the remaining 2016 candidates.
Note: Were still waiting on Trump's and most declined to release full returns.
http://money.cnn.com/infographic/pf/taxes/the-candidates-tax-returns-what-they-made-what-they-paid/
onecaliberal
(32,894 posts)This headline is misleading, and borders on slander.
ErikJ
(6,335 posts)I know they only tax 15% of SS. And there are probably lots of deductions for seniors unless your making millions a year like Hillary.
onecaliberal
(32,894 posts)Do you really think someone who makes 200 thousand pays what someone who makes 24 million pays? Really? Because they DON'T.
ErikJ
(6,335 posts)His is straight wages and SS. SS not taxed and seniors get lots of tax breaks for wages. Hills is business income so probably doesnt have or even try for deducations.
onecaliberal
(32,894 posts)ErikJ
(6,335 posts)Hers are probably from speaking fees and book sales maybe. She knew she would be running for pres. so she didnt even try for deductions if she had any. His income is so tiny compared to hers he prob wasnt worried about taking deductions like medical etc.
I was hoping some tax expert on DU could explain it.
DesertFlower
(11,649 posts)DesertFlower
(11,649 posts)of my social security. i have no mortgage to deduct. all i have are real estate taxes (not that high) and my contributions.
seniors don't get anything extra.
because of my high income i pay $170 a month for medicare instead of $104.90.
NCTraveler
(30,481 posts)Making seventy five percent less. Your argument doesn't work.
drray23
(7,637 posts)and my effective tax rate is 18 percent. I need a better tax prep person.
I was having a similar thought.
Although marrying 66 year old blind woman is a good move.
onecaliberal
(32,894 posts)DesertFlower
(11,649 posts)25% marginal rate.
drray23
(7,637 posts)DesertFlower
(11,649 posts)i gave almost $12,000 to charity.
Response to ErikJ (Original post)
TM99 This message was self-deleted by its author.
libtodeath
(2,888 posts)stevenleser
(32,886 posts)Ignore any nasty responses
JaneyVee
(19,877 posts)questionseverything
(9,658 posts)arcane1
(38,613 posts)Avalux
(35,015 posts)Seriously?
bigwillq
(72,790 posts)LiberalArkie
(15,728 posts)On Tue Mar 15, 2016, 04:47 PM an alert was sent on the following post:
Income taxes paid by 2016 candidates. Hillary 32% Bernie 13%
http://www.democraticunderground.com/12511498384
REASON FOR ALERT
This post is disruptive, hurtful, rude, insensitive, over-the-top, or otherwise inappropriate.
ALERTER'S COMMENTS
The title is misleading at best. Sanders makes the least amount of money, so he should pay the least amount of taxes. Are you saying he should pay the same as the Clintons when they make 24 million, even though Bernie makes 200 thousand. Come on now.
You served on a randomly-selected Jury of DU members which reviewed this post. The review was completed at Tue Mar 15, 2016, 05:00 PM, and the Jury voted 2-5 to LEAVE IT.
Juror #1 voted to LEAVE IT ALONE
Explanation: Taxes and tax rate are two different things, alerter. The post does not claim they should pay the same amount.
Juror #2 voted to HIDE IT
Explanation: No explanation given
Juror #3 voted to LEAVE IT ALONE
Explanation: No explanation given
Juror #4 voted to HIDE IT
Explanation: No explanation given
Juror #5 voted to LEAVE IT ALONE
Explanation: It's pretty stupid but not hide worthy.
Juror #6 voted to LEAVE IT ALONE
Explanation: So what? Bernie also earned less, too. I'm all for a graduated income tax. Hillary needs to pay more! This doesn't need hiding, it needs laughing at!!!!!
Juror #7 voted to LEAVE IT ALONE
Explanation: If people can't figure that out for themselves, they're too stupid to be here.
A Bernie supporter.
Thank you very much for participating in our Jury system, and we hope you will be able to participate again in the future.
Stallion
(6,476 posts)BRAVO
Omaha Steve
(99,708 posts)IF it is missing they didn't pay taxes on it!
http://www.forbes.com/sites/danalexander/2015/09/29/the-mystery-of-hillarys-missing-millions/#60a939865505
SEP 29, 2015 @ 08:30 AM This story appears in the October 19, 2015 issue of Forbes.
Since Bill and Hillary Clinton left the White House in 2001, they have earned more than $230 million. But in federal filings the Clintons claim they are worth somewhere between $11 million and $53 million. After layering years of disclosures on top of annual tax returns, Forbes estimates their combined net worth at $45 million. Where did all of the money go? No one seems to know, and the Clintons arent offering any answers.
From 2001 to 2014 the power couple spent $95 million on taxes. Hillarys 2008 presidential run cost her $13 million. Their two homes cost a combined $5 million, and the Clintons have given away $22 million to charity. All of this is according to FEC filings, property records and years of tax returns. Add it up and you get $135 million. If the Clintons made $230 million, spent $135 million and have just $45 million left over, what happened to the other $50 million?
Thats kind of strange, says Joe Bidens accountant, Walter Deyhle. You have to report all of your assets. You have to report assets that are owned by your spouse.
It seems unlikely that the Clintons could have spent all of it. Over 14 years $50 million averages out to $3.6 million in extra expenses per year, or $9,800 per day.
FULL story at link. Jury members this is a credible major source. Posted here in reply to the Clinton income.
olddots
(10,237 posts)How does Ted scumbag Cruz make a million and a half dollars a year ? We are doomed .