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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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  •  Rachael made that point beautifully. (5+ / 0-)

    I thought about diarying that myself, but I'm too lazy.  Right there, in Mitt's own words, he paid nothing but capital gains taxes for the past two years.  No income taxes.  So Mitt, were you lying then, or are you lying now?  Where are your tax returns?  C'mon, show us that personal responsibility you're so enthusiastic about.

    You can't spell CRAZY without R-AZ. (and donate to Bill!)

    by rb608 on Tue Sep 18, 2012 at 06:52:11 PM PDT

    •  Following up on this .... (3+ / 0-)
      Recommended by:
      rb608, Chi, Lujane

      If the max rate for capital gains is 15%
      And we KNOW he takes deductions (evidence, one failed Olympic horse)
      Then we know for a fact that he paid LESS than 15% each of the last umpty-um years.

      And as pointed out elsewhere, he had various foreign tax credits ...

      So one has to assume that his end rate was significantly less than 15%, and perhaps approaching zip during the recession years, where there were lots of losses to be claimed against any gains.

    •  Rachel was simply wrong (3+ / 0-)
      Recommended by:
      Kane in CA, Lujane, rb608

      The tax on capital gains is part of the income tax, but taxed at a lower rate than ordinary income.

      Bin Laden is dead. GM and Chrysler are alive.

      by leevank on Tue Sep 18, 2012 at 09:27:36 PM PDT

      [ Parent ]

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