What happens when government taxes the middle class at a higher rate than the wealthy

  • Thread starter Thread starter Guns Guns Guns
  • Start date Start date
G

Guns Guns Guns

Guest
Republican presidential candidate Mitt Romney’s 2010 tax returns and the 13.9 percent rate he paid highlight how wealthy investors can use the preferential treatment of income classified as capital gains and dividends to minimize payments to the U.S. government.


The returns provide a glimpse into the financial life of Romney, whose campaign estimates his fortune at between $190 million and $250 million.


Romney and his wife, Ann, receive money from blind trusts that invest in hedge funds and receive profits that flow from the private-equity investments Romney made during his career at Bain Capital...



http://www.bloomberg.com/news/2012-...ent-tax-rate-on-21-6-million-2010-income.html
 
Back
Top