Alot of them understand it, they just don't think its fair.Manhattan Buckeye;1063711 wrote:"They are enraged he only paid 13.9% in taxes."
Then they don't understand how dividends and corporate taxation works, the majority of that 13.9% has already been taxed at least once. Then again, why bother? The American Left is fiscally incompetent, all they want is all mortgage principal reduced, all student loans forgiven and the government to print enough money such that everyone is a millionaire, which in reality means no one is.
I have read though that many in the private equity world are quite uncomfortable about Willard's candidacy (especially if he is the nominee) in the sense that it will shine a light on the carried interest loophole in the tax code that they paid good money to have their lobbyists carve out.
Most people don't have any clue what it is, but it is the kind of thing when they do find out that is ripe for political attack in a populist environment.