Romney: No tax on interest, dividends or capital gains for those with less than $200k

[LiberalFighter]

It seems that it doesn't include regular income. If it does include wages how does he make up the lost revenue?

[elleng]

1. Consumption tax., MOST regressive.

[Laura PourMeADrink]

5. regressive, yes. consumption no

[boppers]

2. With pony magic.

Here's the insane theory:
1. If you tax people less, they will make more money.
2. They will then pay more in taxes, because they made more money.

[Skink]

3. We'll offset that by taxing anything above 200,000 at 65 percent.

Problems solved.

[Laura PourMeADrink]

4. he's saying it will make the economy grow...more dollars in the

hands of the citizens, who will in turn spend, which will in turn raise tax revenue.