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View Diary: Romney admits that he didn't pay any income taxes in 2009 & 2010 (32 comments)

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  •  It's an interesting construction but, in real life (8+ / 0-)

    capital gains taxes are income taxes.  That is, they are taxes on income gained on one's capital.  This kind of income is taxed, as you say, at 15% rather than as "ordinary income"; but it's still income and the taxes paid on it are income taxes.

    The good we secure for ourselves is precarious and uncertain, is floating in mid-air, until it is secured for all of us and incorporated into our common life. Jane Addams

    by Alice Olson on Tue Sep 18, 2012 at 06:51:48 PM PDT

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