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Politics : Politics for Pros- moderated

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To: Neeka who wrote (514616)	10/17/2012 8:38:00 PM
From: John Koligman	Read Replies (2) of 794184

I got my info off Romney's website. I can't find any specifics on whether he will include all capital gains. If he intends to, then my point is that my neighbor the high level software engineer might end up paying a third of his income in Federal taxes while I pay nothing, joining Romney's 47 percent <ggg>.... I think anyone who draws a salary has every right to take a very dim view of that policy..... In your case it would expose another unfair situation as far as I can tell. How about a retiree that does not have a tax free nest egg, and has to work to supplement his/her SS.... I don't know the levels off the top of my head, but I believe one gets penalized in terms of how much one's SS is taxed if you earn income in addition to collecting SS . So that person might get slammed where another collecting cap gains gets off scot- free. The devil is in the details, and Romney doesn't provide much in that department on what he is going to do... Regards, John

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