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Wonkbook: Mitt Romney, (Accidental) Class Traitor?
washingtonpost.com 4 weeks, 1 day agoTo be fair to Mitt Romney, it's not his fault that he pays a 15 percent tax rate. This isn't some complex, accountant-driven tax scam. First, it's the fault of President Bill Clinton and a Republican-led Congress who, in 1997, lowered the capital gains rate from 28 percent to 20 percent. Second, it's the fault of President George W. Bush and a Republican Congress, which lowered the rate to 15 percent in 2001. As far as we know -- and we haven't seen his full tax returns yet, so all this is provisional -- Ro
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Mitt Romney's Teachable Moment On Capital Gains
forbes.com 4 weeks, 1 day agoThe news that Mitt Romney earns most of his income in the form of capital gains is really no surprise. That is one of the attractions of being in a business like Bain Capital.?? If your corporate restructuring works out well, you can earn millions or tens of millions of dollars and pay a flat ...
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