blue bits. red rocks.

So this is where we end up. Mitt Romney pays low tax rates on his capital gains because this is supposed to encourage him to invest his money. But it turns out that it doesn’t. And he pays low tax rates on his carried interest because his job of managing companies that other people own was conveniently redefined as sweat equity and therefore treated as capital gains. It’s a nice deal for the rich, who get nearly all of the benefit of these policies, but neither of them is really defensible. It’s one thing for Mitt Romney to have gotten wealthy running Bain Capital. Good for him. But he ought to pay the same taxes on his earnings as the rest of us. Why Mitt Romney Should Pay Higher Taxes

23 notes

  1. beardbot reblogged this from azspot
  2. awalt2069 reblogged this from azspot
  3. leathersandsuits reblogged this from quotingthecrisis
  4. syafiqd7aguero reblogged this from quotingthecrisis
  5. quotingthecrisis reblogged this from azspot
  6. wateringgoodseeds reblogged this from azspot
  7. questionall reblogged this from azspot
  8. pansexual-princess reblogged this from azspot
  9. azspot posted this

A GNT creation ©2007–2014