The tax system is SUPPOSED to be PROGRESSIVE. Richer people are supposed to pay a higher percentage of their total income in taxes, because they can better afford to pay the taxes and still be rich.
I am a wage earner who earns much less than Romney. Romney earns almost all of his income from long term capital gains, which is also true of many other very wealthy people.
Income from wages and income from long term capital gains are BOTH INCOME. They should be taxed at the same rate. The rich should not be given special privilege over the wage earner.
Because I earn a proportionally larger part of my income from wages does not mean I should pay tax at an overall rate higher than a rich person who makes most of his income from long term capital gains.
But that is what is happening, I pay an overall tax rate higher than Romney, and that's wrong.
It is not moronic to support Obama because he advocates a fairer tax model than the republicans, rather, it's the right thing to do. It's not the only reason I support Obama, he didn't blow up a bubble in housing, he didn't preside over a collapse of the banking system, he didn't start a trillion dollar war over WMD that didn't exist, and he is taking steps to correct the most egregious abuses of health insurance companies like allowing them to drop paying customers who get seriously ill or refusing to cover them at all.
That would be pretty bad.
I'm leaning that way hard right now. Romney wouldn't let the Democrats go hog wild painting him as a legal tax evader if he didn't have something worse. In times like this, having people think you paid little is not good for your image. But what's worse than that? Getting caught in an illegal tax shelter.
Campaigns don't let rumors like this go on for this long unless refuting them releases a bigger problem. Especially in times like these.
As a licensed CPA, Romney paid taxes. Maybe not in a few key years due to massive capital losses (which can be expected), but for the majority, he paid. The question now is what else is on his returns. Letting voters think you used high powered tax attorneys to pay next to nothing is SOOOOOOOOOOOOOO much better than having people know you got caught up in a big tax scandal.
"If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu
Mitt Romney: 'I Never Paid Less Than 13 Percent' In Taxes
"12.1% rounded up, before write offs."
Globalist = Free Trade, Open Borders, Multiculturalist, Anti-White Racist, Hypocrite, Sophist, Deceiver, Manipulator, Warmonger, Vulgar Culture, Morally Depraved......Enemy
Death to Globalists