Quote:
Originally Posted by crockett
I'm not talking about taxing all investments obviously. I'm talking about the loop-hole that allows these guys to get away with paying extremely low tax rates, because the money they are making isn't taxed as earned income but the same as those elderly and average Joe's whom actually are using it for retirement.
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Actually...during the last debate between Romney and Obama...Romney said that was sort of what he wanted to do.
He said he would leave the rate where it is now for "rich" people. That would encourage investment.
And he said that he would lower the Capital Gains tax to ZERO for middle and lower income people so that they would have reasons to invest and also not be taxed in their retirement.
I thought that was a pretty big proposal he laid out there.
Of course the media totally ignored it and concentrated instead on "folders full of women".
