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Reply to "I have a problem with the definition of Rich"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Before I bought my home, I paid $30,000 a year in Fed taxes on an income of $126,000. I am a Nurse and a single parent who worked 60 hours a week( 20 hours a week in OT) to earn that income. That same year, Mitt Romney paid less than 13% of his income in Fed Taxes. He paid a far less percentage of his income on taxes than I did. I don't think that is a fair distribution of taxation and glad that Mitt is not now in a position to see people like him cut the same deal through a legislative change in the tax code. [/quote] Wrong. Mitt had no income so he didn't have to pay federal income tax. Why do people choose to ignore basic facts (not nurse pp but the media and others who purposely mislead people by selective reporting). [/quote]Are you the last person in America to realize that dividend and capital gains are also income, taxed on your 1040? And are you further aware that as a hedge fund manager, his actual work income gets classified as a capital gain, even though it is compensation for his work, not his investment?[/quote]
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