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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: manalagi who wrote (108099)	1/25/2012 10:22:45 AM
From: Bread Upon The Water	Read Replies (1) \| Respond to of 149317

No doubt Romney benefitted by the Capitalist infrastructure--all capitalists and investors do. That's what the system is constructed to be like--to benefit capital to create business organizations. It's to Romney's credit that he was able to skillfully use this system to accumulate wealth. It shows he knows how to play in it. He's the equivalent of a star NFL quarterback on this capitalist playing field. As Romney's released Tax returns show he does pay his taxes--in the millions. His effective tax rate (about 15%) is just less than one applied to us ordinary folk that make more than 70K (jumps to 25% above that) because most of his income is dividends and capital gains which are taxed at a lower rate than earned income (above 70K a year income). So it's the system that is unfair, or treats investment gains differently, not that Romney is some kind of tax cheat. Furthermore, I am not arguing that Romney should be President, but that he is the most qualified of the Republican candidates to be the nominee ( and the most moderate). Therefore, if Obama was to lose the election Democrats would be better off with Romney than with any other Republican in the race.