Romney Could Save $20M In Taxes If He Wins The Election

"According to an analysis from Citizens for Tax Justice, 2012 GOP presidential nominee Mitt Romney would save himself $5 million in taxes in 2013 by winning November's election (assuming he could get his tax plan enacted into law).
Under his plan, Romney's tax rate would fall from its current 14.7 percent to 13.1 percent, while under Obama's tax plan, Romney would pay a 34.3 percent rate. The difference in these rates means about $5 million for Romney's tax bill...".* The Young Turks host Cenk Uygur breaks it down.

*Read more here from Pat Garofalo: http://thinkprogress.org/economy/2012...

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  News & Politics

[sourceseeker2012]

This kind of biased trash media only breeds disappointment among its viewers when they realise that reality is drastically different than portrayed by the young Turks. You guys are inaccurate and agendized, clearly

[VirtuosicElevator]

I hope there's somewhere to run to when the last beacon of freedom is ruined by collectivist nitwits.

[luvcheney1]

As if Unionized police are not "profit" driven? It`s gimmee, gimmee, gimmee.

[luvcheney1]

Estates are capital. Govt spends every penny it gets, so taxing Estates is consuming capital, to spend. This raises the question of the value of capital, to society, since you want it destroyed.

[luvcheney1]

Qualified Capital gains have already been subjected to income tax, at corp rates. So, what is left is taxed at Cap Gains rates. UnQualified Capital Gains have NOT been taxed at corp level, so are subject to taxes like earned income is.

[Rael Mee]

Go to Greenland, and live in nature. Don't let the door hit you on the ass on the way out.

[Rael Mee]

Fuck you, asshole. Romney belongs in prison, not the White House! Capital gains is profits, just like earned income. You're head is so far up the elephants' ass that you're better off trying to climb out the trunk!

[Norman Smart]

He'll get rid of the estate tax. He basically just said "I'll give a huge tax cut to millionaires and billionaires". How does that help regular Americans? The ones who, you know, DON'T HAVE ESTATES.

[luvcheney1]

Corruption of govt police is reality as well. But, with competing corporations over states, a locality could dismiss the entire force, installing a competitor with ease. Many states and localities are going bankrupt over the Govt run, union thugs we have now. Cities are declaring bankruptcy, all over Calif, due to extortive union pensions and benefits. Name ONE current monopoly not installed by govt. "Coercive" monopolies gov created. Monopolies that develop in markets are good.