The scariest thing Romney said in the Debates.

Well maybe not the scariest but the most disturbing to me because of the implication and the people who will get benefit from such a policy.

Romney said flat out in the Debates

"every middle-income taxpayer no longer will pay any tax on interest, dividends or capital gains, no tax on your savings.

That makes life a lot easier. If you’re getting interest from a bank, if you’re getting a statement from a mutual fund or any other kind of investments you have, you don’t have to worry about filing taxes on that, because there will be no taxes for anybody making $200,000 a year and less on your interest, dividends and capital gains."

Now he did a good job spinning it and selling it. No tax on your savings I like that idea. Not filing all those annoying forms you get from the financial institutions yeah that is great!

The Problems is the line $200,000 or less on your interests, dividends, and capital gains.

Tell me one "middle income taxpayer that will net $200,000 on interest, dividends and capital gains.

You can't because there is not one!

How can the democrats let Romney say $200,000 is a middle-income tax payer?

Interest, dividends and capital gains are profits you make from having investments. You have to have money invested and you see a return on your money if you're lucky. A good return at lets say 12% which is what they shoot for over the long term. To make $200,000 at 12% you have to have 1.7 million dollars invested.

Okay lets say no tax on your savings! Well most savings available are around 2%-3% if you're lucky. So to make $200,000 from 2% interest $10,000,000. Thats 10 millions dollars you would need to have invested in your "Savings."

This idea of a tax cut is nothing but a tax cut for the rich. He wants to give Wall Street $200,000 tax free plain and simple. He wants these individual who are multimillionaires to deduct $200,000 from their capital gains tax. Boom. Gone like that $200,000 no tax. Thanks for playing in the stock market with your multi-millions. George Bush, Mit Romney, Most of congress. Instant $200,000 deduction from your capital gains. Thank you for being part of the Multi-Millionaire club.

This is a weak point and it needs to be pointed out. He talks about no tax cuts for the wealthy Well right here is his own words a tax cut for the wealthy. And Somebody needs to tell Romney that median Income in this country is $50,000 if you're lucky.

edit:spelling errors