Romney's Tax Returns - thoughts?

iVillage Member
Registered: 04-21-2008
Romney's Tax Returns - thoughts?
3
Tue, 01-24-2012 - 2:30pm

Did anyone hear about Mitt Romney’s annual income for 2010, and the less-than-15% tax rate he paid?

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iVillage Member
Registered: 02-13-2012
Mon, 02-20-2012 - 4:07pm

Having played with some stocks, I get how the long term cap gains work; hold a stock for a year and the tax on gains is 15%. He donated (and deducted) a bunch so his overall rate was ~14%.

I do find it inconsistent that this tax is flat (15% no matter what) vs the normal/payroll/whatever it's called income tax that's progressive with multiple brackets.

Some think that there should be no tax on capital gains as that money has been taxed already as corporate income.

iVillage Member
Registered: 12-03-2006
Fri, 03-16-2012 - 11:43pm

I don't like Obama's stirring up and accentuating and making class warfare where there is none.

iVillage Member
Registered: 04-21-2008
Mon, 03-19-2012 - 9:02am

And the plot thickens!

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