Right.
That doesn't really interpret well for most Americans.
Most savings accounts in the country don't earn much in interest. There is really no incentive in that. A depositor is lucky to get 1 percent in interest on regular savings or CDs.
When it comes to stocks, there is about 10% of American households that own stock and even fewer own a portfolio. So much for stock dividends.
The only real capital gains an American experiences in their lifetimes is when they sell their home. That is already provided for within the tax code if the taxpayer purchases another house in the same year their first house was sold.
That provision by Romney won't effect most households in the USA. It is grandstanding as if he is really doing something for everyone.
That doesn't really interpret well for most Americans.
Most savings accounts in the country don't earn much in interest. There is really no incentive in that. A depositor is lucky to get 1 percent in interest on regular savings or CDs.
When it comes to stocks, there is about 10% of American households that own stock and even fewer own a portfolio. So much for stock dividends.
The only real capital gains an American experiences in their lifetimes is when they sell their home. That is already provided for within the tax code if the taxpayer purchases another house in the same year their first house was sold.
That provision by Romney won't effect most households in the USA. It is grandstanding as if he is really doing something for everyone.
