Quote:
Originally Posted by scottw
he's paying 15% or so on his capital gains from investments he made with after-tax earned income(salary) which was already taxed at the top maginal rate when it was earned
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Not if his money was paid as "carried interest" like hedge funds managers are paid. I'm not sure how his earnings from Bain where paid. Romney (and the hedge fund managers) may be a special case and if you used the owner of a store for example, you are right.
I think the problem with what you said is that most people either don't care what the $ was originally taxed at or really don't know.