WTF, Rick! Romney exempts interest income for those making less than $200,000.

[flpoljunkie]

Perry evidently exempts all dividend and capital gains tax for everyone--but not the paltry interest regular folks earn on their savings accounts and CD's.

Perry's plan is an unbelievably egregious giveaway to the top 1%. The Koch Brothers must be smiling. Perry's plan is the ultimate 'Tax Cuts for Fat Cats' plan.

[Ian David]

1. Less than $200,000 or more than $200,000? n/t

[flpoljunkie]

4. Less than $200,000.

[Richardo]

2. Romney? Or Perry?

I confused.

[flpoljunkie]

3. Romney exempts interest income for those making less than $200,000. Perry allows no exemption

for interest income for anyone. As for dividend and capital gains, they are both totally exempt from income tax for everyone. Guess who this overwhelmingly benefits?

Romney exempts capital gains and dividend taxes for those making less than $200,000--in addition to interest income from savings accounts, CD's.

[Ilsa]

5. Romney wouldn't even have to pay the 14% on his $9.6 mil to $39 mil in income.t

Thom Hartmann reported this as Romney's income range and effective tax rate several weeks ago. It was from a campaign disclosure.

[PurityOfEssence]

6. Works great for some of the heriditary rich...

Let's say you came from a long line of the have-mores, and you've never worked a day in your life. Let's say you have $10,000,000 in ultra-simple savings accounts, making 2% interest. That means that you can live off of your $200,000.00 yearly interest, never touch your principal and not pay taxes.

Sweet.

The rest of us pay to make sure the FDIC is there for you, that the roads are good, that the FCC keeps the airwaves un-chaotic and that all other government programs that ensure the stability that benefits you are paid for by the peons.

Neo-feudalism and economic aristocracy; such a deal.

[CBHagman]

8. And I suspect...

...the interest and capital gains income of the bottom 99 percent will never, ever approach that of the top 1 percent. It's not as though savings accounts and investments are leaving the lot of us rolling in dough. An exemption in that regard isn't going to mean a thing to a lot of us, but it's a different story for the segment of the population with incomes above $1 million.

[jeanmarc]

7. Buffett's tax rate goes to 2%

So a Warren Buffet goes from a small 17% tax on income to a 2% tax on income, largely because his pay is from dividends and capital gains.

Yes, that's fair, Rick. Republicans: always challenged by math.

[Laura PourMeADrink]

9. Just like Pat Robertson said....they are too extreme. Yikes, given

that Obama wants the top to pay their fair share....they are not only opposed to that
but they are going in the opposite direction, times 100.

[MurrayDelph]

10. While I ajm against it on principle

this year it would do me some good, as I have been unemployed for 16 months and am getting by on Savings Bonds my folks bought me 20 years ago.

[flpoljunkie]

11. Exempting interest income was part of Steve Forbes flat tax plan, yet Perry does not.