Republicans have proposed eliminating capital gains taxes altogether....
It's one thing to want to pay the taxes you are legally required to pay...
It's entirely another to propose eliminating taxes on all $41 million of it every year.
There is also the issue of how Romney made his money--eliminating jobs, cutting up companies and repackaging them.
Even the success of Staples (years after he left Bain) probably cost the U.S. more jobs than it created, because Staples is the Wal-Mart of office supply stores. We all know what Wal-Mart has done to jobs.
The idea that capital gains should be taxed at a lower rate than ordinary income (an idea which I have admittedly benefited from over the years) is based on the flawed theory that that money is going to "job creation."
Why should income people earn from sitting on their posteriors be taxed at a lower rate than income earned by the sweat of people's brows?
If that happened, then Warren Buffett would be paying the same tax rates as his secretaries, and Mitt Romney would be paying more than his servants and repair people that he is happy to fire (quoting his own words.)