Pelley: Now, you made on your investments, personally, about $20 million last year. And you paid 14 percent in federal taxes. That's the capital gains rate. Is that fair to the guy who makes $50,000 and paid a higher rate than you did?
Romney: It is a low rate. And one of the reasons why the capital gains tax rate is lower is because capital has already been taxed once at the corporate level, as high as 35 percent.
Pelley: So you think it is fair?
Romney: Yeah, I think it's the right way to encourage economic growth, to get people to invest, to start businesses, to put people to work.
Right, I'm a "job creator" so I deserve a lower tax rate. The poor and the middle class should pay more taxes so they can "take personal responsibility". That's the trouble with republicans, "other" people need to step up and volunteer for military service, pay taxes and practice civic responsibility. The wealthy are too busy "creating jobs" to contribute to building and maintaining America. Mr. Stewart on the Daily Show summarized the republican party perfectly.
John Stewart:
Romney: It is a low rate. And one of the reasons why the capital gains tax rate is lower is because capital has already been taxed once at the corporate level, as high as 35 percent.
Pelley: So you think it is fair?
Romney: Yeah, I think it's the right way to encourage economic growth, to get people to invest, to start businesses, to put people to work.
Right, I'm a "job creator" so I deserve a lower tax rate. The poor and the middle class should pay more taxes so they can "take personal responsibility". That's the trouble with republicans, "other" people need to step up and volunteer for military service, pay taxes and practice civic responsibility. The wealthy are too busy "creating jobs" to contribute to building and maintaining America. Mr. Stewart on the Daily Show summarized the republican party perfectly.
John Stewart:
If they have success, they built it
if they fail, the government ruined it for them
if they get a break, they deserved it
if you get a break, its a handout and an entitlement
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