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That is not actually true either. The years he worked and earned a salary he would have contributed to FICA and would be eligible for Social Security and Medicare.
Maybe that is why he is running - to get rid of some of those zeros on his SS statement.
I thought he liked Ryan's plan. That is taking away SS.
Romney supports the part of Ryan's plan that addresses Medicare.
And Ryan's plan calls for replacing Medicare with private health insurance paid for with vouchers provided by government. It does not call for just cutting off the elderly.
Last edited by afoigrokerkok; 01-24-2012 at 12:07 PM..
$3million out of $45million income???? Sure doesn't sound like 10%. I thought you were supposed to give 10% to your church. So you're saying mittens took a lower rate there, too. I guess the middle class members of his church can make up for him....
Seriously, tell me how cutting $3million in income off his return lowered his rate? What marginal rate was he ducking under and how much cash would giving $3million away save him? Or were you using sarcasm?
His income in 2010 was $21 million, not $45 million.
Actually that is not true, because most Americans actually pay an effective tax rate of less than 15%. Mitt Romney, even at 15% is one of the highest tax contributors in the country. A huge percentage of people in this country do not pay anything in federal or state taxes.
And a large percentage of those are people on social security income only. Would you like to tax them on their $900 per month or ask Romney to pay a little more - like what those pensioners were paying during their working careers? Or better yet, take away that social security and use the savings to cut Romney's taxes even lower? That's what many Republicans want to do.
So, isn't Mittens and his low tax rate supposed to be a job creator? How many jobs has he created while taking advantage of the U.S. tax code and stashing money in the Cayman Islands, Luxemburg etc. in the last 15 years? What has he done as one of the vaunted trickle down job creators? The middle class will finally get a clear picture of why the "rich stay rich" and the "poor stay poor"...Thanks Mitt for making this such a gigantic issue. The middle class and Barack Obama thanks you.
There's a difference between "stashing" and investing. If you own a 401K some of your money may well be "stashed" in emerging economies stocks. But don't let the difference deter you from making a purely political argument based on spin rather than facts.
Romney Paid 13.9% Tax Rate on $21.6 Million in 2010 Income - Yahoo! Finance (http://finance.yahoo.com/news/romney-paid-13-9-tax-050000877.html - broken link)
What a D-bag this guy is! I made 100,000 in 2010 and had to about 28% in taxes!
Willard paid exactly what he owed. He is currently in retirement status and living off of his investments. That is where all of us would like to be when we are retired. That is a big part of why the rate is 15%. The US Federal Government saw fit to lower the bar for that sort of income.
If you made 100,000 off of nothing but investment income, you'd have paid the same % as him. 15% with 1% coming off from various deductions and credits and so forth.
Part of me hates the fact that some people out there are getting undertaxed while people like you and me (I'm in the 25% bracket) are getting crushed by taxes. It sucks and we want it to end. But hating on Willard seems pretty silly when General Electric makes billions and got away with paying 0% taxes in the same year Mitt paid 14%.
Being outraged by this imbalance is pretty normal. All of the candidates are making incomes we will never see in our lifetime, including Obama. But the more important question is who will actually lower your tax rate? Mr Obama wants you to stop paying 28% and start paying 31%. He wants me to stop paying 25% and start paying 28%. For all their talk about fairness and equality, the Democrats are the ones that want both of us to pay more. Mitt Romney and the rest of the GOP want me to pay less taxes. Sounds good to me!
I'd rather see Paul gunning for 0% tax rate. I'd like to keep all the money I make, thank you very much. That failing, I'd rather pay less taxes, not more. It's pretty self-defeating to focus on Romney paying less taxes and lose sight of what we both want: Less taxes.
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