Mr. Romney, it's really too bad you're going to lose the election because I really like your idea to not tax income from investments.
You said this will be only for taxpayers earning less than $200,000 a year but that's something I don't think I have to worry about.
It's fair to say not taxing dividends and capital gains won't help balance the federal budget, but it's not completely fair to say that. If retired people have more money to spend because their retirement income is not taxed, they are likely to spend that money, and spending helps create jobs. More jobs equals more tax revenue for the government.
Middle class Americans work hard for their income and wouldn't it be nice if they had something to look forward to when they retire, which is being able to keep all their retirement income instead of having to share it with a federal government which has a long history of wasting money.
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