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Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes

Posted by SMAZ on Mon Jul 30 18:27:32 2012, in response to Re: Romney Not Sure If He's Paid Less Than 13.9% in Taxes, posted by LuchAAA on Mon Jul 30 02:40:21 2012.

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what should cap gains tax be in your opinion?

half of whatever the tax bracket of the individual is plus half of the employee portion of Social Security tax plus all of Medicare tax.

For somebody in the 35% bracket it should be 17.5 + 3.1 + 3.8% = 24.4%.

That's less than where Reagan had them.

Companies should deduct the entire employer portion of SS taxes on stock options.

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