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6%  
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Articles Posted by BMCinSC

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  • Do we know what tax rate Romney paid on his original income?

    01/27/2012 2:30:38 PM PST · by BMCinSC · 23 replies
    n/a
    I've been hearing from the pro-Romney supporters that although his recent 15% tax rates are mainly based on dividend and capital gains income (that part is true), but they also state that his original income was taxed at ordinary tax rates (upwards of 36%) and even previously taxed at the corporate level. How do we know that is true? I've run limited partnerships as the general partner whereby my compensation fees were calculated as a percentage of profits (normally 20% of profits) and those were taxed at 15% capital gains rates, i.e. not ordinary income tax rates. Most Venture Capital...
  • General/Town Hall Attendee

    08/29/2009 12:50:18 PM PDT · by BMCinSC · 255+ views
    General/Town Hall Attendee