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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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  •  Small correction (5+ / 0-)
    Recommended by:
    orangeuglad, Bloke, mrsgoo, Churchill, Samer

    A US citizen with a Swiss bank account should be reporting the interest on that bank account.  Whether they do or not is a different story.  

    Otherwise, there are so many more examples.. such if you inherit stock, all of the appreciation from prior to death is never taxed.

    •  but it is taxed as a Capital Gain at 15 percent (1+ / 0-)
      Recommended by:
      714day

      Your point on the need to report is accurate, the point is that the income is classified as a capital gain and taxed at 15 percent.

      there is only one reality, republicans just forget at times

      by Bloke on Sun Sep 23, 2012 at 08:19:14 PM PDT

      [ Parent ]

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