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CNNW Erin Burnett OutFront February 3, 2012

good evening. i m erin burnett, and outfront tonight, a burning question for mitt romney. today, he got an endorsement from donald trump, and he was all smiles, but another day has gone by without an answer to a crucial question. does he think he should pay more taxes. here are his returns from 2009 and estimated for 2009 and estimated for 2010 and 11. it turns out that 30% of mitt romney s income, $12.9 million, comes from one very specific thing, in these tax years, 2010 and 2011. it s called the carry. and here is how it works. partners in private equity and hedge funds invest money for their clients, and they get a significant cut of the profits they make. that cut, the carry, is taxed at 15%, not 35%, like regular income. now, many people think that it is right to reward people for investing money, for taking risks, with a lower tax rate. they argue this encouraged people to start businesses and create jobs. but almost no one says it s right to reward the guy who i ....

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CNNW Anderson Cooper 360 February 3, 2012

from donald trump. he was all smiles, but another day has gone by without an answer to a crucial question. does mitt think we should pay more taxes? here are his returns. sorry, this is unwieldy. for 2009 and estimated for 2010 and 11. it turns out that 30% of mitt romney s income, $12.9 million comes from one very specific thing. in these tax years, 2010 and 2011. it s calling the carry. here s how it works. partners in private equity and hedge funds invest money for their clintss and clients and get a significant cut of the profits they make. this cut is taxed at 15%. not 35% like regular income. now, money people think it is right to reward people for investing money, for taking risks with a lower tax rate. they argue this encourages people to create jobs. but almost no one says it is right to award the guy what invests other people s money with a lower tax rate. after all, romney didn t take the risk. someone else did. we re knocked down with opm. it s legal and he ....

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CNNW Erin Burnett OutFront February 3, 2012

captions by vitac www.vitac.com good evening, everyone. outfront tonight, a burning question for mitt romney. today, he got an endorsement from donald trump. he was all smiles, but another day has gone by without an answer to a crucial question. does mitt think we should pay more taxes? here are his returns. sorry, this is unwieldy. for 2009 and estimated for 2010 and 11. it turns out that 30% of mitt romney s income, $12.9 million comes from one very specific thing. in these tax years, 2010 and 2011. it s calling the carry. here s how it works. partners in private equity and hedge funds invest money for their clintss and clients and get a significant cut of the profits they make. this cut is taxed at 15%. not 35% like regular income. now, money people think it is right to reward people for investing money, for taking risks with a lower tax rate. they argue this encourages people to create jobs. but almost no one says it is right to award the guy what invests o ....

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