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View Diary: Quote: "Mitt Romney has not paid all the taxes required under law." (39 comments)

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  •  trumpeter - unearned income has never been (6+ / 0-)

    taxed at a higher rate than earned income, wages and salaries. For most many years dividend and interest income was taxed at the same rate as earned income and long term capital gains were taxed at half your top marginal rate.  After the Tax Reform Act of 1986 the top marginal rate for earned income was reduced to 28% and earned income and capital gains were taxed at the same rate.

    "let's talk about that"

    by VClib on Thu Aug 23, 2012 at 05:34:51 PM PDT

    [ Parent ]

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