Reply #5

In the discussion thread: BREAKING - Romney Was Part of 47% Who Didn't Pay Any Federal Income Taxes In 2008 and 2009 [View all]

Response to Lochloosa (Reply #2)

Wed Sep 19, 2012, 10:53 PM

progree (841 posts)

5. Well, I think so. The issue is paying federal INCOME taxes, not federal INCOME-FROM-WORKING taxes nt

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24 replies	Author	Time	Post
BREAKING - Romney Was Part of 47% Who Didn't Pay Any Federal Income Taxes In 2008 and 2009 [View all]	TomCADem	Sep 2012	OP
You miss read it.	Travis_0004	Sep 2012	#1
I don't think so. In my book capital gains is not "income" from working.	Lochloosa	Sep 2012	#2
Ok, so by your standards he had an income of 0, and paid 0 in taxes.	Travis_0004	Sep 2012	#3
Well, I think so. The issue is paying federal INCOME taxes, not federal INCOME-FROM-WORKING taxes nt	progree	Sep 2012	#5
Sounds like that fuss I had earlier today about atheism and semantics!	RLBaty	Sep 2012	#9
For the purposes of taxation, there are two kinds of income. "earned" and "unearned"	lumberjack_jeff	Sep 2012	#10
Capital Gains Taxes Are Not Federal Income Taxes - Where Are Mitt's Tax Returns?	TomCADem	Sep 2012	#4
Cap gains are declared on federal income taxes 1040 and 1040 Form D.	progree	Sep 2012	#6
his new deadline's coming up...October 15 ....26 days? I remember someone asking him when	Laura PourMeADrink	Sep 2012	#7
The last day one can file 2011 taxes without penalty is October 15, 2012	progree	Sep 2012	#15
yes...we always extend to 10-15 too..especially since we pay. I have a feeling	Laura PourMeADrink	Sep 2012	#22
Capital Gains are, in fact, income.	Jeff In Milwaukee	Sep 2012	#19
All Romney's Income	mary195149	Sep 2012	#8
And you do not pay INCOME TAX on it. You pay CAPITAL GAINS tax.	BlueStreak	Sep 2012	#11
You said "semantic"!	RLBaty	Sep 2012	#12
There is no such thing as "Capital Gains tax"...	thesquanderer	Sep 2012	#13
Its declared on your federal INCOME tax 1040	progree	Sep 2012	#14
Well, It Would Be Great To See Romney's 1040...	TomCADem	Sep 2012	#16
He apparently had capital gains -- yes, that means some assets were sold (portfolio reshuffling)	progree	Sep 2012	#24
There are tax tables for capital gains, they are taxed at 0% for some people.	Travis_0004	Sep 2012	#18
I think Rachel Maddow did a pice on this subject last night	TroyD	Sep 2012	#17
I suspect that's one of the reason he doesn't want to release his returns...	Jeff In Milwaukee	Sep 2012	#20
I'd have, not I did	tavalon	Sep 2012	#21
I don't think this is really breaking news.	WI_DEM	Sep 2012	#23

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