"In fact, their taxable rate starts higher than Romney's carried interest from Bain."
"Really? Different people have different starting tax rates on the same types of income?"
Yes, really. A worker's tax rate starts at 10% for income taxes, plus 15.3% for payroll taxes, totaling 25.3% to start.
Meanwhile, Romney's carried interest is treated like a LTCG, so not only does he have a lower federal tax rate, but if he has any paper losses (which Romney did in the years after the Bush Bust & Bailout), he can marry those to $20 million in paper losses, pocket the $20 mil Bain payout, and pay NO federal taxes on the gain. Then, if he wishes, Romney can re-buy his same portfolio 31 days later, and his only exposure is if the investments go up in that month. And if they drop in overall value during those 31 days, Romney gats the additional bonus of getting the same portfolio for less money.
THAT was why Romney released several years of tax returns when he was running for President...but not the year of the Bain payout.
"This is something you do on occasion. All I'm doing is mirroring what you occasionally do."'
No, I hold you on what Trump and Republicans HAVE DONE.
You have to pretend what Dems MIGHT DO, and use every piece of straw you can find.
WORLD of difference.