Quote Originally Posted by cjlmlml View Post
The president's effective tax rate was 19%, compared with an effective tax rate of 14% for 2010 for the probable Republican presidential nominee, Mitt Romney.
What's your point?

Current tax law gives a break for long term capital gains versus "ordinary" income; but the real question is how much is enough? What's the minimum amount ANYONE with "ordinary" income should pay in federal income tax? It's certainly NOT zero.

And don't get me started on private real property ownership when you have to rent it back from the State every year..