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Re: Maybe this is why Romney picked Ryan.  

By: oldCADuser in FFFT | Recommend this post (2)
Sun, 19 Aug 12 6:56 PM | 96 view(s)
Boardmark this board | Food For Further Thought
Msg. 45116 of 65535
(This msg. is a reply to 44878 by weco)

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The above is a reply to the following message:
Maybe this is why Romney picked Ryan.
By: weco
in FFFT
Mon, 13 Aug 12 2:11 AM
Msg. 44878 of 65535

http://www.theatlantic.com/business/archive/2012/08/mitt-romney-would-pay-082-percent-in-taxes-under-paul-ryans-plan/261027/


Mitt Romney Would Pay 0.82 Percent in Taxes Under Paul Ryan's Plan

Under Paul Ryan's plan, Mitt Romney wouldn't pay any taxes for the next ten years -- or any of the years after that. Now, do I know that that's true. Yes, I'm certain.

Well, maybe not quite nothing. In 2010 -- the only year we have seen a full return from him -- Romney would have paid an effective tax rate of around 0.82 percent under the Ryan plan, rather than the 13.9 percent he actually did. How would someone with more than $21 million in taxable income pay so little? Well, the vast majority of Romney's income came from capital gains, interest, and dividends. And Ryan wants to eliminate all taxes on capital gains, interest and dividends.


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