In this article published at the Freeman Online I explain how all returns to investment is at least double taxed and therefore should not just face a reduced rate but should be exempt from explicit taxation completely. In other words by paying 15% on his capital gains Mitt Romney, along with all others who pay capital gains taxes are actually being over taxed not under taxed. (Warning–People who are afraid that actual tax analysis might get in the way of their political message should definitely avoid reading this.)