new poll out from new york times c_b_s_ news and they ask americans
hehehhe
should uh...
capital gains dividends on earned income i carried interest
meaning they don't get it as a way to get a from investments showed a uh...
of get a lower rate ten wage-earners in in their taxes
enhancers overwhelmingly no if fifty two percent say capital gains in dividends
should be taxed
only thirty six percent approve of the current policy
and lucas that one of our producers made a very good point about that they're
like imagine what they would think
if they actually knew
the real moms
bypasses x sense that people have all what they're paying less
but he takes so much less
mit romney
pays it paid in twenty ten like thirteen percent
and that's a returns that he's showing you
there's some serious third base on had data they have on the
that he might exert persona some years
anak as were the quarter of a billion dollars and this is not appear he set up
a trust fund for his kids
who were if they don't get tax for the money all he transit normally
if you any into your getting kids you can give thirteen thousand dollars a
year in-depth with no taxes
if you go about that you have to face another tax spread
not if you're mit romney
he's got a loophole a loophole
that if he's got carried interest taxes which only they simply beside off
but transfer as a tourist visa to trust fund
they pay zero percent
lynn or they'd take the money out many many years later after earning all that
interest tax-free
for decades
then they pay fifteen percent of the act
so in other words he transferred a hundred million dollars to schedule that
any tax ramifications
if you're rich you need to buy a little balls you walk it must be nice
so the american people are press about it but they have no idea about it
but one of the arguments that
uh... people use first of all
you know they just we did talk to the head of gallup you know the major
polling uh... organization in america
and they said well is it true that this is an art of people really mad about
this issue
he said it is from the most consistent
polling issue
meeting that he does not change he said
when we ashu we tax the rich either nasa the little is that you can ask the
question anyway you luck
it's always in the sixties or seventies
there's no other issue that is that consistently
clear with the american people but one thing that americans agree on is you
should tax the rich
does that happen all of course not exact opposite happens is a good thing we got
a democracy right
so no instead of getting over people's well
that is an article in new york times say
yale all these candidates talking about how the taxes are too low whether it's
democrats
or newt gingrich talking about
mit romney faxes
in reality
ideal raising tax on the rich even a dime
is totally undoable in congress
why
is ed issue that is blue
the biggest win the most clearly show in america
something that it cannot possibly happen in washington
it's because we don't live in a representative democracy our boats don't
matter oliveira matters the money to finance our politicians
what other tricks of the uses although not yet understands unearned income it's
very important for investment so i thought it would be investments
well there's a couple of guys that know about investments and know about money
now one of them as warren buffett
are there some about this idea here's what he said
i work with investors for sixty years
and i get to see anyone
not even when traveling is race was were thirty nine point nine percent in
nineteen seventy six two seven seven
shy away from a sensible investment
because of the tax rate on the potential game
people invest that make money
and potential taxes
member spare them off
it is a gigantic life
here's a guy who is more success literally more successful in new
financial investments
than anyone in the world
he says
where the tax
rate is the esteemed relevant
no reasonable investor would say no i'm not going to make money
'cause you're taxing if i need that moron
you know who else agrees bill gates us all let's go to put thirteen
when the united states has a
huge budget deficits and taxes going up a lot
and i certainly agree they should go up more on the red
uh... than everyone else uh... that that's disgusting
i hope we can
uh...
fault that
probably sense of fear it's not the price for everybody would you like
uh... there
they're doing their part
him right now
i don't feel like uh...
people like myself ripping as much as we said
look a little bit he admits that
he goes on to say other that very important things quote
even as economy improves and u_n_ of the wars you're gonna have to raise taxes
and certainly whatever form it takes and i'm not an expert on this
the rates should bear a larger increase in the rest
but this is common sense that everybody knows this
except we can get common sense we can get won a majority of the american
people want because the rich of the ones that pay the politicians
through their donations
though his continues
there is no strong correlation between job creation
and what the tax environment has been at any point in time
if something's a probable activity
you are going to india ink janette
yes there are taxes that are so high that people may work less
but that's you know you have to get up into the fifty sixty percent range
before that's the case
and obviously we're nowhere near that range
so when they say there won't be any investments if you raise taxes more
buffett says the autor nonsense
when they say there will be job creation if you have higher taxes
transit bill gates says
utter nonsense
if you want to make a profit in those two guys know how to make a profit
you're gonna do it either way
the rest of this fall away of transferring money from the middle class
to the rich