Yes, ladies and gents, that 35% corporate tax comes out of your money as well.

[originalpckelly]

You may be hearing people say that it's OK for Mittens to pay less than 15% tax, because the company the money comes from pays corporate taxes at 35%.

Um, yeah, what are you the people not paid by the same company? So is this not true for you as well?

Oh yeah.

RW BS TP brought on by reality.

[mdmc]

1. well said my friend

I don't hold Mitt's cash against him myself..

[mmonk]

2. Also, large corporations are paying around 14%.

[dipsydoodle]

3. That's a half truth.

Its only dividend payments that has any bearing on. If a shareholders were taxed in full on dividends they'd have been taxed twice.

[lumberjack_jeff]

4. Romney didn't get his money from corporate profits.

Bain would buy a company with a very small amount down and bank financing of the rest using the paper value of the company as collateral. They would then sell off assets and pump the stock value then dump it (along with the loan they took out to buy it in the first place) onto another investor.

They profited from cannibalizing manufacturing companies and using the cash to buy retail companies.

His money comes from inflated stock value, not dividends.