[jpsb]

Ronmey is paying taxes on investment income. I remember all the class warriors going after Forbes Flat Tax plan because Forbes plan did not tax investment income at all. Forbes reason for not taxing investment income was that the money used to invest has already been taxed once so he felt it was unfair to tax it again. Forbes lost the argument and the GOP nomination. But here in the USA investment income is taxed at a lower rate then income from an employer. It should be noted that investments can be lost, there is no guarantee that a investment will bring a return so to encourage risk taking it is taxed at a lower rate.

[EnglishCon]

Thank you. That makes sense. Shall read up on the Forbes Flat Tax plan.

[tiki]

Where Mitt screwed up was not releasing his taxes long ago without having to be asked. He should have been loud and proud, he should have been saying that he will push for policies that would make it easier for people to keep more of their money instead of sending so much to the government. But he fell for the Dim line that that somehow rich people don’t deserve to be rich and seems to have tried to hide it when it was obvious to anyone who took a moment to look.

I appreciate that people invest their money, it helps keep the economy going and creates jobs and he could have been making that point all along. I appreciate that I could be wealthy too with ambition and the right decisions.