Formaldehyde
Both Fair And Balanced
We have no idea how much of Rmoney's income comes from various sources because he refuses to divulge them. Not to mention given how badly the market has been performing recently that it is doubtful Rmoney made much, if any, income from financial investments in many of the recent tax years.
Obama could also hire similar accountants and attorneys to create similar tax shelters as Rmoney has apparently done. Based on his tax rate, he seems to have not seen fit to do so, or at least not nearly as aggressively.
But the diferent tax rates is a valid point, even though the unfair treatment of capital gains is much of the problem with the existing system. It rewards those who do not use their capital to create new business opportunities which actually creates jobs, instead of investing it in companies which are sending even more jobs offshore while laying Americans off to help assure the best short-term profits possible.
Obama could also hire similar accountants and attorneys to create similar tax shelters as Rmoney has apparently done. Based on his tax rate, he seems to have not seen fit to do so, or at least not nearly as aggressively.
But the diferent tax rates is a valid point, even though the unfair treatment of capital gains is much of the problem with the existing system. It rewards those who do not use their capital to create new business opportunities which actually creates jobs, instead of investing it in companies which are sending even more jobs offshore while laying Americans off to help assure the best short-term profits possible.