Just a couple of questions for you.
1. Do you own a house or land or business assets,IRA or any type of retirement account?
2. Do you someday plan to sell or draw on any of them?
If you said yes to the above then under the current tax code you will have to fork over 35% of what ever amount you sell any of them for or withdraw money from, to the federal government. That's on top of any state and local taxes you have to pay.
Seeing how homes are the biggest capital investment for the middle class with IRA's and retirement funds being second having no capital gains tax would help the middle class.
Mitt also wants to get rid of the death tax so that if you don't sell your house and want to leave it to your kids or who ever they aren't stuck paying 35% of the value of what ever you leave them to the government..
Re: Romney’s Successful Debate Plan: Lying
Member #: 5567
Registered: 1996-2001
Posted:
3797
Name:
John
Company:
County Gov
Occupation:
Fiber Design, Construction, Maintenance
Location:
Washington DC
Personal:
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