Anonymous wrote:He's proud of paying a 13% rate? Please God don't let this greedy monster win the presidency! The nerve of this man!
Plus we won't even PROVE the sickeningly low rate!!!
Anonymous wrote:The bottom line: revelation of what's in his taxes is a greater risk to his candidacy than speculation about what he's hiding.
That says everything I need to know. Whether it's something illegal or merely untowards, why would any thinking person want that level of risk-taking in the White House?
Oh! Right. Thinking persons are a dying breed in America.
Anonymous wrote:Anonymous wrote: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.
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.
Anonymous wrote: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.
Anonymous wrote:13% is too high, taxes should be based on consumption not income.