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

To: bentway who wrote (108466)1/30/2012 6:01:12 PM
From: Neil H  Read Replies (1) | Respond to of 149317
 
Talk of tax rates is BS. If the tax code needs changed so be it, but using it against Mitt is just politics. I dont really care about tax rates. Just that people paid the IRS what they were required to by law. Most of Mitts income is passive and the corps he owns already paid taxes so this is a bunch of fluff. I am paying 35% this year and alot but I begrudge no one else with a lower rate. Mitt paid $2MM. 50% of the population pays 0%' I do agee for tax reform
I would love a flat rate. The more you make the more you pay. No deductions.

Neil



To: bentway who wrote (108466)1/30/2012 6:21:25 PM
From: RetiredNow  Read Replies (1) | Respond to of 149317
 
That's the irony of the wealthy. They mostly live off of passive income, where the rates are low low low. The folks paying 20% or higher are living mostly off of active income, where they are subject to ordinary income rates, which are much higher.


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