WOW! AWESOME ROMNEY WOULD NOT TAX CAPITAL GAINS AND INVESTMENT INCOME
Romney in the last debate revealed he would eliminate tax on interest, dividends, and capital gains. What a tax savings for investors. 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.
I am surprised that this is getting little media attention. It is huge for people who want to accumulate stocks thru the DRIP strategy. It effectively has the same power as a 401K or IRA in terms of tax relief.