courseofhistory
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- Aug 7, 2012
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Romney in 60 Minutes interview on his 14.1% tax rate...
This is fine but my next question would have been. "Since it spurs investment in your opinion, where have you invested in the last 10 years in the US to create growth and jobs? ......................... Gov. Romney, are you still with us? Empty chair......
"Now you made, on your investments, personally, about $20 million last year," Pelley said. "And you paid 14 percent in federal taxes. That's the capital gains rate. Is that fair to the guy who makes $50,000 and paid a higher rate than you did?"
"It is a low rate," Romney said. "And one of the reasons why the capital gains tax rate is lower is because capital has already been taxed once at the corporate level, as high as 35 percent."
When pressed on whether or not he believes that rate is fair, Romney said he thought it was the "right way to encourage economic growth -- to get people to invest, to start businesses, to put people to work."
This is fine but my next question would have been. "Since it spurs investment in your opinion, where have you invested in the last 10 years in the US to create growth and jobs? ......................... Gov. Romney, are you still with us? Empty chair......