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<blockquote data-quote="roadrunner2012" data-source="post: 1029752" data-attributes="member: 40736">Bless your little heart, you are a bit befuddled about how capital gains work, let&#039;s not even get into carried interest and the like, your head would explode.All the cash we have in our name has been taxed, unless we acquired it illegally. When that capital is invested in something, be it an interest barring saving account or stock in UPS, we owe tax only on the profit we made from that investment. It&#039;s called income. It is new money, and is therefor taxed. capital gains are taxed lower than regular income made from the sweat of your brow. They used to be taxed at a higher rate. The only time they were lower was in the 1920&#039;s. In the booming 1990&#039;s they were never below 21%, and everything was hunky dory.Investment in companies is good, and it should be rewarded, but it should also be taxed at an equitable rate, and should not be a shelter for not paying fair taxes. The wealthy in America have done quite well in this world-wide economic downturn, they really don&#039;t need historical low interest rates to maintain their well being. Romney has done well, good for him. He and his &#039;class&#039; of people don&#039;t need more advantages to stay ahead, some think the should contribute more to the general good. Some think grab while the grabbing&#039;s good.Since I have grandkids, I&#039;m more about the general good. I&#039;m hoping my grandchildren&nbsp; have grandchildren, and that they can still enjoy the great country on a hospitable planet as long as their grandchildren&#039;s children live. I just want it protected for them. That&#039;s all I want, a good place for my grandkids. America is the planet&#039;s leader, and I&#039;m not so sure Romney has the same vision as I have as far as a vision for the future.I&#039;d like to imagine a kinder place.</blockquote>

[QUOTE="roadrunner2012, post: 1029752, member: 40736"] Bless your little heart, you are a bit befuddled about how capital gains work, let's not even get into carried interest and the like, your head would explode. All the cash we have in our name has been taxed, unless we acquired it illegally. When that capital is invested in something, be it an interest barring saving account or stock in UPS, we owe tax only on the profit we made from that investment. It's called income. It is new money, and is therefor taxed. capital gains are taxed lower than regular income made from the sweat of your brow. They used to be taxed at a higher rate. The only time they were lower was in the 1920's. In the booming 1990's they were never below 21%, and everything was hunky dory. Investment in companies is good, and it should be rewarded, but it should also be taxed at an equitable rate, and should not be a shelter for not paying fair taxes. The wealthy in America have done quite well in this world-wide economic downturn, they really don't need historical low interest rates to maintain their well being. Romney has done well, good for him. He and his 'class' of people don't need more advantages to stay ahead, some think the should contribute more to the general good. Some think grab while the grabbing's good. Since I have grandkids, I'm more about the general good. I'm hoping my grandchildren have grandchildren, and that they can still enjoy the great country on a hospitable planet as long as their grandchildren's children live. I just want it protected for them. That's all I want, a good place for my grandkids. America is the planet's leader, and I'm not so sure Romney has the same vision as I have as far as a vision for the future. I'd like to imagine a kinder place. [/QUOTE]

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