Romney in the debate revealed he would eliminating tax on interest, dividends, and capital gains. What a tax savings for many of the T investors who are collecting the great dividend paid by T. Can't wait to get this guy in office.
Great post, so obvious. America's senior's depend on these dividends. Go to the polls young man, go to the polls America's Greatest Generation. America's best days are yet to come. Regime change is just weeks away.
Sentiment: Strong Sell
A flat tax is the only way to be fair to all. With NO EXEMPTIONS, but that won't happen because of both parties, it would get rid of lobbyist - IRS. Two terms & out SS for retirement, medical insurance like the rest of the country.
I read an interesting taxation idea years ago. You pay based on your percentage of a corporations income. All corporate income would be paid to shareholders. When the corporation needed more money they would issue more shares. No retained earnings.
If Romney does away with tax on dividends he wouldn't pay any tax at all on his $200,000,000 investments, and neither would the super rich pay anything either.
Where do you think the lost tax revenue would be made up from.
I'll tell you where, from your paycheck and everyone else's paycheck. He'll break the back of the working class, just like GW Bush did, sending millions into forclosure,
"If Romney does away with tax on dividends he wouldn't pay any tax at all on his $200,000,000 investments"
THAT is not Romney's plan--at least not his stated plan. The one he's proposing publicly is bad enough. No need to exaggerate it.
wealthy people like the Obama's would continue to pay taxes on investiment income just those making less than 200k would not pay tax on investment income. Isn't that great for the small investor?
Too bad you can not get that in writing and signed.Romney is the kind of person who will tell you any
thing you want to hear if it will gain a vote. Truth is he can not promise you any but hot air and buster.
Congress will determine what is taxed,not the rich boy who wants to be king.
Sentiment: Strong Buy
Romney's plan is that people who earn their income from interest, dividends and capital gains will pay ZERO tax on up to $200,000. Tax free income for the wealthy!! Isn't that a grand plan!
Is that your idea of tax fairness? Is that your idea of expanding the tax base? What impact will that have on the 47% who pay no tax--the people you all despise so much?
This, like so many things Romney, is a plan that screws working people and the middle class. It is a tax subsidy not to the people who are building this economy through work or entrepreneurship, but to the ultra rich who squirrel their money away in offshore accounts and rest on their laurels.
What are you talking about? With the Romney plan those making less than 200k would pay no tax on investment income. So are you saying those making less than 200K are rich? Romney’s plan would let households earning less than $200,000 a year collect capital gains, dividends and interest tax-free. That would encourage more Americans to build cash nest eggs and to own stocks and bonds above and beyond their retirement plans.
Obama is going to raise taxes on everyone and every small business you can count on it. Obama is not a numbers guy and does not understand even the most elementary fundamentals of economics as evidenced in last night's debate.
Why are you here? You're not an investor...otherwise you would welcome Romneys plan. You're just a trouble-maker posting cry-baby crap who has no investments because you prefer someone else to work and give their money to you.
Get a job Dude.