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To be accurate, we don't really know what Romney paid in taxes. After much dithering, he released two years of tax returns (you are allowed to amend your returns for last 3 years). But, oddly, he refused to release anything further back, even though most presidential nominees release five or more years.
Then then Anne Romney let loose with " we have given you people all you need to know about our financial position".
And I say this as someone who would not have been crushed if Romney had won.
From what I have read, the records of cost related to family travel during the Bush years seems to have gone missing.
The number and cost of the Bush family trips was not the issue it has been with the Obama family, despite the Bush family, especially Laura, did substantially more travel than Michelle Obama.
GW Bush holds the record for most vacation days at 879 which included a 5 week vacation.
As of last summer, Obama had recorded 92 days.
No president is every fully on vacation.
Well, knowing Obama he'll catch up and take 800 more vacation days in the next two years.
Unfortunately we don't really tax net worth, just incomes earned. Though I think we should start taxing net worth.
Don't worry. Government will tax the net worth soon. Actually, it will be call a wealth tax. Of course, if you work for the people, like the politician, you are exempt.
Much higher than Romney's 15% from the capital gains from his Swiss accounts.
The same 15% I pay on capital gains. The same 15% that you pay on capital gains. The same 15% that everybody pays on capital gains.
BTW, what difference does it make where the money is held, as long as taxes are being paid? Are you one of those poor, ignorant people that thinks you can avoid paying taxes because your money is in Switzerland? Those days are LONG gone, but you just keep believing whatever silly fantasies you want to believe.
Don't worry. Government will tax the net worth soon. Actually, it will be call a wealth tax. Of course, if you work for the people, like the politician, you are exempt.
I doubt that will ever happen, that would require politicians willing to tax themselves more.
You're for double taxation? Wow. We have our differences, but I never would have guessed that about you.
Our current system makes it too easy for the wealthy to increase their net worth while claiming they took a loss in earned income in order to get a lower tax rate.
Our current system makes it too easy for the wealthy to increase their net worth while claiming they took a loss in earned income in order to get a lower tax rate.
Well our system is set up for people who have the ability to increase their net worth while making it look like they earned less income than they did. It is a loophole that should be closed.
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