- Joined
- Jun 10, 2009
- Messages
- 27,254
- Reaction score
- 9,350
- Gender
- Male
- Political Leaning
- Liberal
Re: Romney's tax rate is only half as high as the middle class pays
Mitt Romney Deserves to Pay Less Taxes Because He's So Rich
Romney - "What’s the effective rate I’ve been paying? It's probably closer to the 15 percent rate than anything, because my last ten years, I’ve, my income comes overwhelmingly from investments made in the past, rather than ordinary income, rather than earned annual income."
Citizens for Tax Justice estimates his tax rate at around 14 percent. But, hey, that's "closer to the 15 percent rate" than it is to, say, three percent.
As Center for American Progress Director of Fiscal Reform Seth Hanlon has explained, the latest data shows that "many middle-class families paid much more [in taxes] than the 17.5 percent average paid by the very rich." When President Obama suggested the "Buffett rule," aimed at ensuring that millionaires can’t pay lower taxes than middle class families, Romney derided it as "class warfare," and "the wrong way to go."
Mitt Romney Deserves to Pay Less Taxes Because He's So Rich | Indecision Blog | Comedy Central's Indecision | IndecisionForever.com
Mitt Romney Deserves to Pay Less Taxes Because He's So Rich
Romney - "What’s the effective rate I’ve been paying? It's probably closer to the 15 percent rate than anything, because my last ten years, I’ve, my income comes overwhelmingly from investments made in the past, rather than ordinary income, rather than earned annual income."
Citizens for Tax Justice estimates his tax rate at around 14 percent. But, hey, that's "closer to the 15 percent rate" than it is to, say, three percent.
As Center for American Progress Director of Fiscal Reform Seth Hanlon has explained, the latest data shows that "many middle-class families paid much more [in taxes] than the 17.5 percent average paid by the very rich." When President Obama suggested the "Buffett rule," aimed at ensuring that millionaires can’t pay lower taxes than middle class families, Romney derided it as "class warfare," and "the wrong way to go."
Mitt Romney Deserves to Pay Less Taxes Because He's So Rich | Indecision Blog | Comedy Central's Indecision | IndecisionForever.com
Last edited: