[muawiyah]

Actually, the writer here is talking about something entirely different from what the average taxpayer thinks about ~ and that is that Romney's average rate for an enormous amount of money is FAR LESS than the top end rate most taxpayers end up paying.

Remember, the rate on earned income is PROGRESSIVE ~ so your first $40K might be taxed $0 because you have various exemptions and deductions, but the next $40 K is certainly going to be at what Mitt paid, and your third $40 K will be taxed at a rate far above anything Mitt paid.

I know there are all sorts of justifications for this disparity, but seriously, people don't look at their average rate, they look at their highest marginal rate when they compare their pitiful little quarter million dollar salaries against $20 million in capital gains!

The conclusion is that even if it's a neat idea and encourages investment ~ in something ~ whatever that is ~ talking about it in public doesn't win voters. Actually, it does this ~ I WANT MITT's AVERAGE RATE!

[LibLieSlayer]

Capital Gains Taxes have been taxed once when the money that was invested was earned... why should it be taxed as income twice? Make Capital Gains taxes high and just kill off what little investment in America is left. I know “personally” what I am talking about. We already have the highest corporate tax rate in the world and it creates millions of new jobs... FOR CHINA AND THE REST OF THE WORLD!

LLS