Wednesday, January 18, 2012

Mitt Romney Is Not Paying Less on His Income Tax

Source
He is paying capital gains taxes.  Fifteen percent is currently the going rate for capital gains taxes.

BECAUSE that money has already been taxed, at the normal income tax level.

Capital gains taxes are lower to encourage investment, and because it's already had income taxes taken out.

You know, actually, the government shouldn't be able to tax your money more than once.  IMHO.


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