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Reply to "Romney Paid 13.9% Tax Rate on $21.6 Million in Income."
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[quote=TheManWithAUsername][quote=Anonymous]Why do we attack Mitt Romney because he benefits from tax law.? Its not his tax law. A pp accused him of trying to make more laws to benefit himself-- how so? His highest job has been as governor from Ma, not congressman.[/quote] Can we retire this straw man now? We're nine pages into this thread, and while there are lots of posts declaring that Romney didn't break any laws, etc., there are zero saying he did. To the contrary, many of us criticizing him have explicitly noted that there's nothing wrong with exploiting existing law. [quote=Anonymous]His 13.9% tax rate is based on capital gains, not income from a job.[/quote] As addressed, not really true in Romney's case. [quote=Anonymous]If you read any economics website about lower tax rates for capital gains, you'll see that as long as there have been capital gains taxes; they have been at a lower rate than income tax.[/quote] Many people here have shown a more sophisticated understanding of this than yours. You haven't earned talking down to us from your reading of a site or two. [quote=Anonymous]The lower rate encourages more investing and moving money through the market.[/quote] Prove it. Note: a quote from a Fox Business talking head won't cut it. [quote=Anonymous]A break down of Mitt Romney's earnings also shows hes given about more than 3million of his earnings to both charities and his church....[/quote] Addressed pages ago. No one here is being unfair to Romney. No one is saying this shows his immorality. We're discussing the question of whether and why our system should allow his situation, and the fact that he supports the perpetuation of it.[/quote]
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