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Noble, he doesn't pay them. In Oklahoma, long term capital gains (on Oklahoma state taxes, over 5 years) isn't taxed as revenue, it's not taxed at all. Same for Social Security and Medicare, his capital gains aren't subject to those taxes. So even with the minimum tax rates, a single childless employee pays at a minimum a 7.65 (SS and medicare), 5.25 on Oklahoma taxes, and the lowest income tax bracket presently (10% up to $8,500, goes up to 15% at that point). So for a person making $20,000 a year, that individual pays 28% (7.65 SS, Medicare, 5.25 State, 15% federal withholding), and a self-employed individual at $20,000 would be paying over 35% (15.30 SS and Medicare, 5.25 State, and 15% federal withholding), compared to Mitt Romney's 13%.

Posted on 2/24 5:30 PM | IP: Logged

 Romney proposes 20 percent income tax cut - eastcane 2/22 2:12 PM (show all)  Views 554
        Re: Romney proposes 20 percent income tax cut - aTUfan 3/6 2:12 PM
        Re: Romney proposes 20 percent income tax cut - eastcane 2/23 1:27 PM
               Re: Romney proposes 20 percent income tax cut - rabidTU 2/23 5:02 PM
                      Re: Romney proposes 20 percent income tax cut - WATU2 2/23 6:51 PM
                             Re: Romney proposes 20 percent income tax cut - TU Man 2/23 7:48 PM
                                    Re: Romney proposes 20 percent income tax cut - eastcane 2/24 4:29 AM
                                           Re: Romney proposes 20 percent income tax cut - noble cane 2/24 3:57 PM
                                                  Re: Romney proposes 20 percent income tax cut - eastcane 2/24 5:30 PM
                                                         Re: Romney proposes 20 percent income tax cut - eastcane 2/24 5:42 PM
                                                                Re: Romney proposes 20 percent income tax cut - TU Man 2/28 7:59 PM
                                                                       Re: Romney proposes 20 percent income tax cut - eastcane 3/1 2:57 PM
                                                                              Re: Romney proposes 20 percent income tax cut - TU Man 3/2 8:27 AM
                                                                              Re: Romney proposes 20 percent income tax cut - WATU2 3/1 6:29 PM
                                                                                     Re: Romney proposes 20 percent income tax cut - Tax Guy 3/2 8:18 PM
                                                                                            Re: Romney proposes 20 percent income tax cut - eastcane 3/3 3:41 AM
                                                                                                   Re: Romney proposes 20 percent income tax cut - eastcane 3/3 3:45 AM
                                                                                                          Re: Romney proposes 20 percent income tax cut - eastcane 3/4 3:28 AM
                                                                                                                 Re: Romney proposes 20 percent income tax cut - Tax Guy 3/5 3:48 PM
                                                                                                                        Re: Romney proposes 20 percent income tax cut - WATU2 3/5 4:44 PM
                                                                                                                        Re: Romney proposes 20 percent income tax cut - eastcane 3/5 4:02 PM
                                                                                                                               Re: Romney proposes 20 percent income tax cut - Tax Guy 3/6 11:35 AM
                                                                                                                                      Re: Romney proposes 20 percent income tax cut - WATU2 3/6 3:56 PM
                                                                                                                               Re: Romney proposes 20 percent income tax cut - eastcane 3/5 4:11 PM
                                                                                                          Re: Romney proposes 20 percent income tax cut - TU Man 3/3 7:18 PM
                                                                                            Re: Romney proposes 20 percent income tax cut - WATU2 3/2 11:38 PM
                                                                Re: Romney proposes 20 percent income tax cut - WATU2 2/24 8:02 PM
                                                                       Re: Romney proposes 20 percent income tax cut - rabidTU 2/24 8:44 PM
               Re: Romney proposes 20 percent income tax cut - WATU2 2/23 2:42 PM
                      Re: Romney proposes 20 percent income tax cut - NO-Orange 2/23 3:29 PM
        Re: Romney proposes 20 percent income tax cut - WATU2 2/22 6:42 PM
        Re: Romney proposes 20 percent income tax cut - rabidTU 2/22 2:27 PM
               Re: Romney proposes 20 percent income tax cut - NO-Orange 2/22 5:17 PM
                      Re: Romney proposes 20 percent income tax cut - rabidTU 2/22 5:46 PM
                             Re: Romney proposes 20 percent income tax cut - NO-Orange 2/23 9:28 AM
                                    Re: Romney proposes 20 percent income tax cut - rabidTU 2/23 4:31 PM
               Re: Romney proposes 20 percent income tax cut - eastcane 2/22 2:38 PM
                      Re: Romney proposes 20 percent income tax cut - rabidTU 2/22 5:36 PM

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