I don't know a lot about finance or investments, but I would assume most all of his income is from capital gains. If capital gains are taken to 0% then he would be living essentially tax free.

I was so hoping that President Obama would call him on this.

This is the smoke and mirrors of the Romney tax plan; make the main source of income for the rich be completely tax free.

This would be the biggest income redistribution scheme of all time.

I couldn't believe what I was hearing... Romney saying that he is going to eliminate taxes on interest, so now it will be so nice for you senior citizens living off the income of your life savings.

THE INTEREST RATES right now for normal depositors are at near zero. If you look at an adjusted number that weights what the elderly and others on fixed income purchase more of, the real interest rates banks are paying their depositors is probably NEGATIVE!

But at the same time the interest rate spread on deposits has increased. This means that financial instistitions will be the big winners. That's not even looking at what it does for Private Equity, which will almost always include a large piece of convertible debt, allowing them some flexibility of whether their income will end up as interest or equity payments. This notion of Romney's is a total give-away to the 1%. I understand why the President didn't jump on it during the debate, since it's a little esoteric, but it just drove home in my mind what a snake-oil peddler Mitt Romney is!