Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks to reporters after a discussion on housing and foreclosure, Monday, Jan. 23, 2012, in Tampa, Fla. (AP Photo/Charles Dharapak)
Charles Dharapak, AP
Too much screaming at the news again today. If only I could hear just one reporter/broadcaster say "Mitt Romney paid 15 percent on his investment income in addition to the taxes he already paid on the money he invested."
Do we really want to send the message to investors that if you invest, the American people believe you should pay more? I thought we were trying to get this economy moving again. Raising the investment income tax (capital gains) sounds like a great incentive to invest in a new business, equipment for that business, employees to run the business, etc. This is not a zero sum game!
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Lets first acknowledge that Mitt Romney has done nothing illegal in obtaining his vast fortune. Working within existing U.S. tax law, he was able to amass great wealth for himself as well as his partners and investors. But can we not make claims of More..
Thanks to ECR for dispassionately explaining a subject not understood by many. But just the fact that all this wealth was amassed legally says that the financial/tax system of this country is tipped to favor the wealthy. This shouldn't surprise us. More..
Sorry Mike Richards. Mr. Romney did not pay 35% on anything. In case you missed the news, he released his most recent tax returns which show that he payed less than 15% because virtually all of his income is derived from interest, capital gains and More..