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Politics : Politics for Pros- moderated

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To: goldworldnet who wrote (514627)	10/17/2012 10:30:15 PM
From: John Koligman	1 Recommendation Read Replies (3) of 794169

"As for a zero tax rate, I don't see that in Romney's plan." So how do you interpret what the plan is??? Here is the verbiage from his website... If the 'capital gains' part includes ALL capital gains, then it would seem to me that any trader with a few deductions and a mortgage won't be paying any Federal income tax on a $250,000 yearly income.... ... Individual Taxes America’s individual tax code applies relatively high marginal tax rates on a narrow tax base. Those high rates discourage work and entrepreneurship, as well as savings and investment. With 54 percent of private sector workers employed outside of corporations, individual rates also define the incentives for job-creating businesses. Lower marginal tax rates secure for all Americans the economic gains from tax reform. Make permanent, across-the-board 20 percent cut in marginal rates Maintain current tax rates on interest, dividends, and capital gains Eliminate taxes for taxpayers with AGI below $200,000 on interest, dividends, and capital gains Eliminate the Death Tax Repeal the Alternative Minimum Tax (AMT)

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