milohimself
RIP CITY
- Joined
- Sep 18, 2004
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let me see if I understand:
Romney pays the amount of taxes he is legally required to, this is a major story because the rate is "too low."
Tim Geithner does not pay taxes, this is a non story even though he is the Treasury secretary.
Charlie Rangel evades taxes, this is a non story because it is racist to suggest that Charlie Rangel is a tax cheat.
paying taxes is bad. evading taxes is ok.
Might get raked for this, but it seems like newt connects with glen becks and hannitys audience and mitt doesn't. Not saying mitt can't but right now he doesn't
Romney's problem is that he is bereft of anything resembling a personality and an inability to take a firm stand on pretty much any issue.
Getting a firm stance from him is like trying to pick up a cat that doesn't want to be bothered.
Because LG sees no difference in income and capital gains that have already been taxed once the first time around. (That and the fact that most of his clients are federal employees and they need a raise.)
No, I would prefer no taxation on corporate revenues, distribute all profits at the end of the year, and tax the recipients of said profits as if they earned it painting houses, i.e. ordinary income.
No fraud of pretending corporations actually pay those rates, the corporations save tons by not having to hire lawyers, lobbyists, and CPAs, to avoid the taxes, rates are dependable and predictable.
And people who make their money investing pay taxes just as though they made their money any other way.
Totally fair, simple, and efficient.
LG, It is not surprising that you do not address the issue that I stated. I will ask it as a straight forward question.
Has the money that a person uses to make the investments that pay him a capital gain already been taxed when earned?
So, you want to assign a start date for this to begin, because all the invested money curently has already been taxed "ONCE" as you point out. So, really you agree that capital gains have already been taxed "ONCE", thanks.