Reply to Romney's tax rate under the Ryan plan would be 0.82%

Forum Index » Political Discussion

Reply to "Romney's tax rate under the Ryan plan would be 0.82%"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Thank you for explaining to the idiots why capital gains tax is lower than income tax, it's because you are using post taxed income to buy another investment. The only pre-tax investment is 401k, ira, tsp, retirement accounts etc...

It would be nice if people would get their heads out of their asses and realize the difference between income tax and capital gains and why they are a different rate. The whole mitt romney pays capital gains tax vs income tax is bunk. Take romney's income tax rate on his 500k and then compare that to obama's. [/quote]

Wait, I didn't say that I personally believe that a low gains rate is particularly effective in accomplishing that goal.  I am trying to represent one point of view for the sake of this discussion, leaving aside the question of how well it works.  If you want to prove that low capital gains rates increases the level of investment capital, you'll have to make that case on your own.

More importantly though, Mitt Romney's income from his Bain years was paid as carried interest.  He paid taxes on that at a capital gains rate, even though it was his labor and not his capital that earned him that interest.  Frankly I think that's a complete ripoff that America   Labor is labor, capital is capital and you shouldn't get to have it both ways just because you run a hedge fund or VC firm.  I say this recognizing that some good friends would see their tax bills double if this ever changed.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics