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Response to TomCADem (Reply #16)

Thu Sep 20, 2012, 11:01 PM

24. He apparently had capital gains -- yes, that means some assets were sold (portfolio reshuffling)

Also, what was his effective tax rate if capital gains are only taxes on the actual sale, rather than on capital appreciation. In other words, what is Romney actually paying in taxes? ... if Romney is not selling any assets, and he is not earning any actual income, what is he paying?

His assets are held in a blind trust, overseen by a trustee. Any portfolio manager will be doing some reshuffling -- selling some things and reinvesting the proceeds in something else. What is sold is a capital gain (or loss) even if it is reinvested. And it appears some things had to be sold to pay for beach houses and car elevators and Ann's dancing horses and on Ann and don't get me started on Ann!

Romney denigrates people who do not pay federal income taxes, proudly refers to his own tax situation for his political benefit, yet fails to prove it up.

Well put


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Replies to this discussion thread
Arrow 24 replies Author Time Post
TomCADem Sep 2012 OP
Travis_0004 Sep 2012 #1
Lochloosa Sep 2012 #2
Travis_0004 Sep 2012 #3
progree Sep 2012 #5
RLBaty Sep 2012 #9
lumberjack_jeff Sep 2012 #10
TomCADem Sep 2012 #4
progree Sep 2012 #6
Laura PourMeADrink Sep 2012 #7
progree Sep 2012 #15
Laura PourMeADrink Sep 2012 #22
Jeff In Milwaukee Sep 2012 #19
mary195149 Sep 2012 #8
BlueStreak Sep 2012 #11
RLBaty Sep 2012 #12
thesquanderer Sep 2012 #13
progree Sep 2012 #14
TomCADem Sep 2012 #16
LineLineLineLineLineNew Reply He apparently had capital gains -- yes, that means some assets were sold (portfolio reshuffling)
progree Sep 2012 #24
Travis_0004 Sep 2012 #18
TroyD Sep 2012 #17
Jeff In Milwaukee Sep 2012 #20
tavalon Sep 2012 #21
WI_DEM Sep 2012 #23
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