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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (465600)	1/17/2012 5:28:07 PM
From: Brumar89	Read Replies (1) \| Respond to of 793991

I understand today Romney said his effective tax rate was "closer to 15%." Needs to get it out now, whatever it is.

To: LindyBill who wrote (465600)	1/17/2012 5:28:28 PM
From: MulhollandDrive	Respond to of 793991

yep, it's a problem for him since he receives mostly passive income a la buffett and under bush the capital gain tax cuts, passive income was treated more favorably than 'earned income', as well it should, IF the idea was to stimulate capital investment.... so of course a populist campaign will hurt him....i'm certain this is why he only favors eliminating capital gain taxes for those having incomes of $200k or less

To: LindyBill who wrote (465600)	1/17/2012 5:37:02 PM
From: sm1th	4 Recommendations Respond to of 793991

Suppose he made something like10 million bucks this last 5 years and paid an average of 15%? Romney had no influence on Federal tax policy, and I doubt you will find evidence that he manipulated his financials to qualify for loopholes. He took legal advantage of the system, as I do and I expect everyone else here does. Of course he will be demagogued by the left, but that would be true however much tax he paid, it can never be enough.

To: LindyBill who wrote (465600)	1/17/2012 5:37:05 PM
From: SirWalterRalegh	Read Replies (1) \| Respond to of 793991

<<Suppose he made something like10 million bucks this last 5 years and paid an average of 15%? It's possible he did. If this is true, the Left will tear him to pieces on it.>> Paying a 15% Federal tax is the norm for most of those making millions/year. State and city taxes increase the tax applied. Others in this position are: Soros, Gates, Buffet, Jobs.......... Mitt needs to explain the tax code in that the Feds take 15% of LT capital gains and qualified dividends.