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View Diary: Mitt Romney: It's fair I pay a lower tax rate than people making $50,000 (348 comments)

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  •  l am a small investor, and I do think that (4+ / 0-)
    Recommended by:
    drmah, WakeUpNeo, leevank, 714day

    my gains have in fact been taxed--but only sometimes, and almost never at 35%.

    I can't say what my companies have paid, but I know that some paid 0% in recent years.

    At any rate (lol) my own investment gains are fair game for taxes.

    “liberals are the people who think that cruelty is the worst thing that we do” --Richard Rorty

    by jeff in nyc on Sun Sep 23, 2012 at 07:07:25 PM PDT

    •  What do your stock gains (2+ / 0-)
      Recommended by:
      WakeUpNeo, 714day

      have to do with any corporation?  Let alone their taxes?

      You would not get a capital gain on your stock until you sold it.  And it's highly unlikely you would be selling it back to the corporation.

      What would be affected by corp taxes are the dividends that corporations pay out to shareholders, not cap gains.  But most regular shmoes don't get dividend-paying stocks anymore.

      •  Then that's their fault (0+ / 0-)

        I've got stocks in my retirement savings, and they're ALL dividend-paying.  I refuse to buy anything else.

        Bin Laden is dead. GM and Chrysler are alive.

        by leevank on Sun Sep 23, 2012 at 08:33:42 PM PDT

        [ Parent ]

      •  You misunderstand: I am the owner of the (0+ / 0-)

        corporations in whose stocks I have invested along with the other shareholders. The profits are my profits.

        This is not always or even usually directly reflected in dividends/buybacks/gains, but what I stated is certainly correct.

        “liberals are the people who think that cruelty is the worst thing that we do” --Richard Rorty

        by jeff in nyc on Mon Sep 24, 2012 at 05:24:41 PM PDT

        [ Parent ]

    •  Any time money changes hands it is taxed. (2+ / 0-)
      Recommended by:
      714day, yet another liberal

      You investment is not taxed but your gains are and you can deduct your losses.  

      I want to see Romney's taxes because he must have some really interesting arrangements to think his gains have already been taxed.

    •  This makes no sense to me (1+ / 0-)
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      714day

      The money than any business pays as a wage or salary has also already been taxed.  The money that I use to pay groceries comes out of "already taxed" income...but I still pay sales tax on my purchase and the grocery store still uses that money to pay their employees, who are then taxed on their income.  

      All transactions involve some sort of tax, correct?

      "You must be the change you wish to see in the world." -Gandhi

      by Triscula on Sun Sep 23, 2012 at 07:50:39 PM PDT

      [ Parent ]

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