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Z_California

(650 posts)
Thu Oct 18, 2012, 04:45 PM Oct 2012

Romney "connects" with the middle class [View all]

With so many complete and utter FAILS for Romney in the second debate, this one kind of fell through the cracks. Trying to assuage the fears of the "middle class" over possible elimination of deductions for mortgage interest, state taxes, etc., he thought this would really make us horny:

"every middle-income taxpayer no longer will pay any tax on interest, dividends or capital gains. No tax on your savings. That makes life a lot easier. If you're getting interest from a bank, if you're getting a statement from a mutual fund or any other kind of investment you have, you don't have to worry about filing taxes on that, because there'll be no taxes for anybody making $200,000.00 per year and less, on your interest, dividends and capital gains. "

Yeah thanks Mitt. That would have saved me about $12 last year.

Completely. Out. Of. Touch.

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Since they would not be reported there would be no tax on them OVER $200,0000/yr. either Vincardog Oct 2012 #1
Aw damn! madashelltoo Oct 2012 #2
"If you're getting interest from a bank" Alright ! ... BlueJazz Oct 2012 #3
I made $0.49 interest last month on a $4000 money market account. central scrutinizer Oct 2012 #9
Look at it this way though. If someone put 40,000,000.00 in that account, she/he could make.. BlueJazz Oct 2012 #12
Why didn't I think to do that? central scrutinizer Oct 2012 #14
You should borrow it from your parents! Bozita Oct 2012 #17
WTF? ProfessionalLeftist Oct 2012 #4
The only way Willard wants to "connect" the lower classes hifiguy Oct 2012 #5
I could be wrong, but I think that either because my total income was below a certain limit, hedgehog Oct 2012 #6
Don't forget, he'll give you a $25,000 bucket! tarheelsunc Oct 2012 #7
yeah but PD Turk Oct 2012 #8
98% of America dreams of getting $200,000/year WITHOUT WORKING FOR IT. TahitiNut Oct 2012 #10
I was rolling on the floor laughing at that. Blue_In_AK Oct 2012 #11
Yeah, I don't know about you, but most middle class families I know are crushed by taxes on capital Maven Oct 2012 #13
Thank you! I thought the same thing. No interest on capital gains means nothing to me! MatthewStLouis Oct 2012 #15
Too, too funny donna123 Oct 2012 #16
Thanks Mittens! That .01% interest Wells Fargo pays out on passbook savings is really myrna minx Oct 2012 #18
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