Business genius Mitt Romney reveals his lack of understanding of taxes and incentives to hire new workers.
Romney says cutting the upper income tax rate will create jobs.
But, small businessmen whose profits are taxed as personal income have -already- chosen to take their profit out of the business and not invest it in jobs. The idea that they'll take the money, pay tax on it and then invest it back in the business is preposterous.
Business income reinvested in new jobs and other expenses, don't get taxed at all...
His bs was heard last night, and begins at minute 8:00 of this recording...
Tax Ideas