(PELLEY) Now you made, on your investments, personally, about $20 million last year. And you paid 14% in federal taxes. That's the capital gains rate. Is that fair to the guy who makes $50,000 and paid a higher rate than you did?
(ROMNEY) It is a low rate. And one of the reasons why the capital gains tax rate is lower is because capital has already been taxed once at the corporate level, as high as 35%.
( PELLEY) So you think it is fair.
(ROMNEY) Yeah, I-- I think it's the right way to encourage economic growth-- to get people to invest, to start businesses, to put people to work.
Monday, September 24, 2012
Romney says it's "fair" that he only pays 14 percent taxes and you pay more
Romney on 60 Minutes last night:
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