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1.
Response given to someone that tells a bold faced lie
Mitt Romney said "Capital gains is only taxed at 14% because it has already been taxed at the corporate level".

Joe Biden sported his shit eatin grin and said "Yea, and you shit and fell back in it." Bain Capital does not file as a corporation, they file as a partnership, so their retained earnings are divided between the partners.
by Magaletso October 17, 2012