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View Diary: Newt Gingrich says his effective tax rate is 31%, proposes lowering it to Mitt Romney's 15% (69 comments)

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  •  GOP tax talk is so obnoxious (2+ / 0-)

    I am pretty confident that if the U.S. was like some European companies and taxed capital gains HIGHER than income, the GOP would say the gov't shouldn't pick winners and losers and should tax all kinds of income at the same rate.

    But since capital gains are taxed at a lower rate they instead say we shouldn't be taxing investments at all, blah blah. They really exploit the average person's misunderstanding of the tax code. They really should explain this stuff thoroughly as part of standard high school curriculum.

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