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Economy is devastating to the capital because capital formation is the big driver of job creation and economic growth. someone who has investment income already paid income tax on money when they earned it. what he have after tax they choose to invest, say, in a bit, and that business, then, pays taxes on its income as high as 35 percent, and, with what is left over after that, a dividend or capital gains payment goes to the investor and you pay yet another tax and that, maybe, is at 15 percent so to then say that is 15 percent is not as high at 20 percent paid in the first place on someone else s income, that is apples and oranges. it ignores the facts that investment income is taxed multiple time and bad for the economy to take capital out of the economy which is what the president is calling for. neil: you just astutely and simply and articulately slained this in a way no other guest has, and to remind you phones at ....
Real pies but in this chart we showed that 46 percent of households pay no income taxes maybe social security or medicare but no income taxes. there might be a few if that category who really can t and shouldn t. but allowans and depreciation and write offs and such, that many can end up paying no income tax, the president is not going to refer to fairness on that but on the rich issue. how will that resonate back home? guest: we have a challenge in america because about half of country is getting something from government. and his message is going to appeal to them. republicans have got to appeal to the half of machines who are paying income taxes and working and know better. it is not a matter of watering down our message to appeal to the half that want more from government. we have to unite that part of america that understands what makes us great. and it is not going to be easy because it sounds good to say tax the rich. ....
People because they have figured it out. you have to take care of your employees and treat people with respect and be goal-oriented. governor romney has been successful. you should promote business people that have had success because we want them in america. i want them all in florida but we want them in america, so, i am excited about business people this have success and i want them to say if you are thinking of doing business i am flocking to florida. neil: thank you very were, governor. good to have you on again. governor rick scott. this whole tax thing could be turning on the guy who raised it in the first place, newt gingrich because a lot of the questions have little to do with mitt romney s better than 200 hedge return release but newt gingrich s, yes, newt gingrich s return. i will explain after this. [ male announcer ] at scottrade, ....
Highest corporate tax rates in the world or trillion dollar deficits, we cannot have more regulation than the rest of the world and expect american businesses to do well. we have to say if we want american businesses to do well, we have to lower our taxes, we have to cut government spending, we have to treat business people with respect. we want business people from around the world to flock to perk, flock to america so we have more jobs in america not another country. neil: what do you make of newt gingrich s attack on mitt romney and his business acumen and what bain capital did, and does? guest: well, our country is the on people building businesses whether it is small or large businesses. we ought to support business people. we want business people to do the right thing, but, we should be saying, gosh, here what we do in our state. i send letters to people and call them when they have a business success, that is what i want. i want florida businesses to say ....