WOW! AWESOME ROMNEY WOULD NOT TAX CAPITAL GAINS AND INVESTMENT INCOME
no, fool. it would require the lower class (formerly known as the "middle class" to ante up more in other taxes to cover the revenue shortfall. the closest thing there is to a free lunch is having someone else pick up the tab, and that is mitt's _explicit_ plan.
Thanks to Obama, he has helped to make more Americans "Lower Class". You are the FOOL, because the "Lower Class" do not pay income taxes...............WE, the "Middle Class" (and the "Upper Class") are the ones who pick up the tab for all the welfare recipients.
The so called lower class as you put it pay a higher effective payroll tax than I would guess you do. Payroll taxes are not levied on interest, covered interest, dividends, or capital gains. Many working people do not pay income taxes because of the laws passed during GWB's administration. If you knew anything about doing taxes you would know that.
"no, fool." What I have come to expect from the left, name calling and no facts. Capital gains taxes are a joke. Those taxes are a tax on inflation that destroys the incentive to invest. Reducing or eliminating the tax on inflation will benefit the middle class of which I am a lifetime member.