http://www.moneychimp.com/features/tax_brackets.htm the highest tax bracket in the US is 35%.
I do believe that some on this board (Not surprisingly the same ones who blindly support the current POTUS, who BTW is the very definition of arrogance) have a 401K and an IRA confused. A 40k is taken pre-tax and has limits of 15% of gross income or $18,000.00 maximum contributions per year. An IRA is post tax and has no limitations as to what one can invest.
Furthermore before we start complaining that the Romney's have not released all of their tax returns or trying to play class warfare lets also remember that 49.5% of Americans pay no income tax whatsoever. So before we start demanding that the 1% pay more taxes than they currently pay perhaps we should demand that the bottom-feeding 49.5% pay SOMETHING.
"BRIAN, Close the window! You're letting all the Stank out...." "Ahh, ahh, ahh and boom goes the dynamite."
DON'T MESS WITH TEXAS(It's not nice to pick on retards.)
But don't get me started on the whole income tax concept. We should have scrapped that long ago for a simple federal sales tax.
ROTH IRA is different -- for 2012 if you're over 50 years old you may contribute up to $6K. Don't know what'll happen for 2013.
As for Twitter, that's been the method of releasing news for years now, starting with Obama I think. Romney played it a bit differently when announcing his VP the other day, with his app reporting it at 7:07am and the Twitter announcement almost a half hour later at 7:43am. But both had been scooped by then on Twitter. Anyway, app or Twitter it's the same concept - the days of announcing news at news conferences are gone for good.
I also tend to get my breaking general news via Twitter these days. With a feed right on my desktop, I get notified instantly of alerts and news events from a few sources, including Fox News, The Washington Post, and CNN. If you're waiting to catch these stories on the evening news, you aren't getting most news until many hours after I do.
News in 140 characters or less? While fast, sometimes not much more than rumour.
I still think of Twitter as a medium better suited for updates on the Kardashians, Ashton Kutchner, Jay Z.., etc.,
I did see that the House of Representatives is pressing ahead with a lawsuit against Holder.
Unverified news on Twitter? I am with Mountain Nomad, Twitter is for media hogs like the Kardashians, but certainly not News.
For countries under an oppressive regime Twitter can be their only source of news. It can also be used as "news bites" to entice the reader to go to website to get more info.
Hey! this is supposed to be thread about Romney's taxes!!