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Reply to "ROMNEY: "I NEVER PAID LESS THAN A 13% INCOME TAX RATE""
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[quote=Anonymous][quote=Anonymous]He's obviously talking about capital gains and dividends. Corporate profits which belong to stockholders are taxed once at 35% before the owner gets them and then again at 15% as dividends. the government makes mafia shakedown criminals look like pantywaists.[/quote] Obviously not. (1) Capital gains are not taxed at all. I'm sure you realize that, right? (2) His carried interest, ie the way he was paid at Bain Capital, came from a partnership and therefore is not taxed prior to distribution. If you want to have a non-crazy discussion about taxation of dividends, one exists. But you are confused about the substance of the problem and how it applies to Mitt Romney.[/quote]
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