Tag Archive for 'Mitt Romney'

Capital gains taxes (and thus Romney’s) lowest since WWII

Daniel Halperin: “Clearly [Mitt Romney] is making money on the low rate of capital gains,” Halperin said. “You could say a couple of things about that. First of all, the effective (tax) rate that is shown is much lower than his rate really is, because he has all kinds of income that doesn’t appear on the return – all of the deferred compensation he has and also the unrealized gains on his assets. … If the stock goes up or the property goes up in value, you don’t have to pay taxes on it until you sell it. If you have the kind of money he has, you never sell it. And when you die, that gain disappears.”

Issues 2012: Capital gains taxes lowest since WWII – CBS 3 Springfield – WSHM.