How 'bout we tax 'em into extinction (and prison), JP?It's my understanding Romney's Olympics relied more on US Government funds than any other Olympics ever. In my opinion he should be paying closer to 90% on his unearned income than the current 15% rate that Republicans AND Democrats have gifted their 1% employers.And this relates to how much you think oil companies should be required to pay in taxes, how?
Romney has not had any salary or wages for some time. He took no salary as governor of Massachusetts. He donated all of his salary received from the Olympics. Other than what was allowed for a personal IRA or 401K--we are all eligible for tax deferment on those--he paid taxes on his investments and he and his family now live off the investments he has made over the years and those are taxed at the same capital gains rate that we all pay on non tax-deferred capital gains.
This is precisely the reason Warren Buffet pays at a lower rate than his secretary.
I won't be surprised if Romney refuses his salary as President if he is elected in 2012.
We ALL have the ability to build a retirment account that will allow us leisure and freedom later on, and we will be taxed on capital gains from those accounts at the exact same rate that Romney and Buffet pay.
So again. Back to those oil companies since you brought it up. How much do you think we should be entitled to of what they earn?
Kill the greedy kulaks, eh comrade?