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View Diary: Cowardly Romney Again Refuses To Criticize Limbaugh (17 comments)

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  •  Yes, indeed he does. (3+ / 0-)
    Recommended by:
    TomP, Eric Nelson, kravitz

    New Insights on Mitt Romney’s Tax Returns: Why Romney’s Effective 2010 Income Tax Rate is only 10.7 Percent:

    Mitt and Ann Romney [in 2010] earned about $9 million in “carried interest”3 from various partnerships sponsored by Bain Capital. “Carried interest” represents deferred compensation to Mitt Romney for managing a number of Bain Capital partnerships.4 Unlike other compensation which is subject, without any ceiling, to both the Medicare tax and to high income tax rates, “carried interest” is typically taxed only at long-term capital gains rates. The maximum tax rate on “carried interest” is 15 percent for both the regular income tax and the alternative minimum tax.

    The influence of the [executive] has increased, is increasing, and ought to be diminished.

    by lysias on Wed Mar 07, 2012 at 10:04:41 AM PST

    [ Parent ]

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