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Member since: Fri Jun 22, 2007, 03:01 PM
Number of posts: 1,185

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Question: Was Romney taxed twice on his income as wingers claim?

My understanding is that his corporation's profits were taxed, which he shared in. But certainly his personal income was not taxed at 35%, correct? Also, isn't it true that capital gains are new income, so how can all that money (post tax income + new money from capital gains) be considered double taxation?

Can someone explain something about private equity?

When private equity borrows money for a leveraged buy out, does the company they buy assume full responsibility for that borrowed money? I guess, why couln't the distressed company just borrow money on its own?
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