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2016 Postmortem

TroyD

(4,551 posts)

17. I think Rachel Maddow did a pice on this subject last night

Reply to TomCADem (Original post)

Thu Sep 20, 2012, 05:04 AM

Sep 2012

There should be a clip from her show available.

She also examined the dodgy background behind Romney's dishonest claims of residing in Massachusetts when he was actually residing in Utah when he ran for Governor.

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BREAKING - Romney Was Part of 47% Who Didn't Pay Any Federal Income Taxes In 2008 and 2009 [View all] TomCADem Sep 2012 OP

You miss read it. Travis_0004 Sep 2012 #1

I don't think so. In my book capital gains is not "income" from working. Lochloosa Sep 2012 #2

Ok, so by your standards he had an income of 0, and paid 0 in taxes. Travis_0004 Sep 2012 #3

Well, I think so. The issue is paying federal INCOME taxes, not federal INCOME-FROM-WORKING taxes nt progree Sep 2012 #5

Sounds like that fuss I had earlier today about atheism and semantics! RLBaty Sep 2012 #9

For the purposes of taxation, there are two kinds of income. "earned" and "unearned" lumberjack_jeff Sep 2012 #10

Capital Gains Taxes Are Not Federal Income Taxes - Where Are Mitt's Tax Returns? TomCADem Sep 2012 #4

Cap gains are declared on federal income taxes 1040 and 1040 Form D. progree Sep 2012 #6

his new deadline's coming up...October 15 ....26 days? I remember someone asking him when Laura PourMeADrink Sep 2012 #7

The last day one can file 2011 taxes without penalty is October 15, 2012 progree Sep 2012 #15

yes...we always extend to 10-15 too..especially since we pay. I have a feeling Laura PourMeADrink Sep 2012 #22

Capital Gains are, in fact, income. Jeff In Milwaukee Sep 2012 #19

All Romney's Income mary195149 Sep 2012 #8

And you do not pay INCOME TAX on it. You pay CAPITAL GAINS tax. BlueStreak Sep 2012 #11

You said "semantic"! RLBaty Sep 2012 #12

There is no such thing as "Capital Gains tax"... thesquanderer Sep 2012 #13

Its declared on your federal INCOME tax 1040 progree Sep 2012 #14

Well, It Would Be Great To See Romney's 1040... TomCADem Sep 2012 #16

He apparently had capital gains -- yes, that means some assets were sold (portfolio reshuffling) progree Sep 2012 #24

There are tax tables for capital gains, they are taxed at 0% for some people. Travis_0004 Sep 2012 #18

I think Rachel Maddow did a pice on this subject last night TroyD Sep 2012 #17

I suspect that's one of the reason he doesn't want to release his returns... Jeff In Milwaukee Sep 2012 #20

I'd have, not I did tavalon Sep 2012 #21

I don't think this is really breaking news. WI_DEM Sep 2012 #23