As Buffet said yesterday, it’s not Romney's fault that the system is designed to favor people who make their money through investments. http://on-msn.com/wOAIBj
A well designed tax code should treat similar sources of income equally. http://eng.am/s8Cu0P That means even though a person might earn their salary as capital gains (because there job is to make investments) it should be subject to the same tax rates as every other taxpayer’s salary.
There is nothing wrong with taxing capital gains at lower rates than earned income. What is important is to make sure that people who work in one industry don’t get special tax treatment over taxpayers in another industry.
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David@Engage America of MI 3:38PM January 24, 2012