[haircutter]

all the Romney income for that period was Capital gains..that is the going tax rate for Capital Gains, as I understand it...Right?
It was not earned income from employment, subject to Federal taxes??? the family is very wealthy ,we have always known that, it is not a sin.. It is the wealthy who has made this country prosperous and gets passed down to folks who work for wealthy corp. Both my adult children work for very wealthy Corporations, I've never heard either complain about their 'rich boss' they are grateful to have steady employment in today's economy...

[Just mythoughts]

all the Romney income for that period was Capital gains..that is the going tax rate for Capital Gains, as I understand it...Right? It was not earned income from employment, subject to Federal taxes??? the family is very wealthy ,we have always known that, it is not a sin.. It is the wealthy who has made this country prosperous and gets passed down to folks who work for wealthy corp. Both my adult children work for very wealthy Corporations, I've never heard either complain about their 'rich boss' they are grateful to have steady employment in today's economy...

I would say yes 'capital gains' is his major source of income. Why he does not say, folks, I am NOT running to make money but to show how money is made is beyond me. But I think because of the belief that he needs to entice those 'Independents' he must woo them sounding Obama 'lite'. I have no problem he is wealthy, but it sure appears that he wants to hide it.

[Gideon7]

Most of Mitt’s income is from capital gains, which in the US are taxed at a lower rate (15%) than income taxes. This is because cap gains are double-taxed. Profits are taxed first as corporate income and then taxed again as capital gains.

The US has one of the highest corporate tax rates in the world (35%). The EU is second at 25%. Add the US corp tax rate and throw in state and local taxes and Mitt’s actual effective tax rate is well over 50%.

If the 15% cap gains rate is ‘unfair’ then drop the US corp tax rate to compensate. It would make the US way more competitive abroad and end the practice of companies keeping profits offshore to avoid the huge tax hit. Companies would bring the money back to the US for growth and investment here instead of the perverse tax incentive to make it cheaper to reinvest abroad

[jessduntno]

“all the Romney income for that period was Capital gains..that is the going tax rate for Capital Gains, as I understand it...Right?”

It’s not a non-issue if you are in a race against a guy who can be tagged with the attributes the other side is pounding on. He’s going to lose because of this and it’s the beginning of smashmouth politics, which ain’t beanbag. His lead is gone and the MSM is no longer going to line up behind him.

Chackmate.