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 TomCADem (Reply #16)
Thu Sep 20, 2012, 11:01 PM
progree (1,064 posts)
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.
Facts about the economy with links to official sources, for dealing with rightie misinformation, and their DU allies -- http://www.democraticunderground.com/111622439
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Replies to this discussion thread
|Laura PourMeADrink||Sep 2012||#7|
|Laura PourMeADrink||Sep 2012||#22|
|Jeff In Milwaukee||Sep 2012||#19|
He apparently had capital gains -- yes, that means some assets were sold (portfolio reshuffling)
|Jeff In Milwaukee||Sep 2012||#20|
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