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Video & Multimedia

In reply to the discussion: 14% is fair ... ? [View all]

beac

(9,992 posts)
15. It's an old GOP nonsense claim that b/c a corporation pays taxes
Mon Sep 24, 2012, 10:39 AM
Sep 2012

on their profits (i.e. "that money has been taxed already&quot , the investors in that business deserve to have their profits from selling their shares taxed at a lower rate. (And, as we've learned, many large corporations pay little or no actual federal taxes, so Romney's "at 35%" claim is pretty weak.)

Of course, the company you work for pays taxes but you, a mere mortal, deserve NO tax break on the salary that they pay you out of profits that HAVE BEEN TAXED ALREADY.

I actually think it would be okay to tax investments at a lower rate for people making less than $250K a year. But when someone like Mitt Romney makes 100% of his income from investments, it is NOT right that he pays the same as someone making $50K and it is definitely not "fair" because that money has been "taxed already."

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