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View Diary: Harry Reid Hits Romney... Again (239 comments)

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  •  Romney doesn't pay "income" tax (0+ / 0-)

    he pays capital gains tax.  he IS one of the 47% that pays no federal "income" tax.

    I'm a blue drop in a red bucket.

    by blue drop on Wed Sep 19, 2012 at 03:27:04 PM PDT

    •  Baloney (0+ / 0-)

      The capital gains tax is part of the income tax; it's just a section in the income tax law that taxes it at a lower rate thanks to Bush.
      There was a whole diary on this elsewhere today with many comments debunking this distinction, which really does not exist.
      "Income" is defined in the tax code the ordinary way as "all income of whatever type" unless specifically excluded (such as municipal bond income). It includes capital gains, as well as rental, royalties, dividends, interest, alimony, and a host of other things in addition to W-2 wages and other "earned income."

      •  if Mitt is going to hock on people.... (1+ / 0-)
        Recommended by:
        MA Mom

        that pay no "earned income" taxes then i will leave it at that line of distinction.  he may pay taxes on his "income" but to diss people when you pay a lower rate than they do deserves some blow back.  tax code wording or not.

        I'm a blue drop in a red bucket.

        by blue drop on Wed Sep 19, 2012 at 04:06:52 PM PDT

        [ Parent ]

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