Yes, how DARE you filthy little non-entities out there question His Royal Highness Mittens the First. Why, the NERVE of you people, asking how Willard made his millions destroying other people's livelihoods, looting their pensions, and crushing their pathetic little peasant dreams! And now we find that Willard paid 13.9% on his lavish income last year. The story is right here:
Republican presidential candidate Mitt Romney released tax records on Tuesday indicating he will pay $6.2 million in taxes on a total of $42.5 million in income over the years 2010 and 2011.
Republican presidential candidate Mitt Romney released tax records on Tuesday indicating he will pay $6.2 million in taxes on a total of $42.5 million in income over the years 2010 and 2011.
Bowing to increasing political pressure to provide more detail about his vast wealth, the former private equity executive released tax returns indicating he and his wife, Ann, paid an effective tax rate of 13.9 percent in 2010. They expect to pay a 15.4 percent rate when they file their returns for 2011.
Romney's tax rate is below that of most wage-earning Americans because most of his income, as outlined in more than 500 pages of tax documents, flows from capital gains on investments.
Under the U.S. tax code, capital gains are taxed at 15 percent, compared with a top tax rate of 35 percent for wage earners.
Oh, and Mittens used to stash money in a Swiss bank account, in addition to the money he has stashed in the Cayman Islands. (He closed the Swiss account when he was warned it would be an "embarrassment".) His lawyers claim he's not doing all this to avoid taxes, oh heavens, no. He just wants his money to be well-traveled and to see the world.
Yes, he gives to charity, but the bulk of his giving is to support his own church. (Nothing wrong with that, but it's not the same as a charity now, is it?) And he can afford it with his LOW tax rate. Why, it would be unpatriotic to suggest that rich thugs like Willard have gamed the system in such a way as to benefit themselves. Why, if I questioned that, I'd be attacking FREE ENTERPRISE (TM)! I'd be undermining America as One Nation Under God. (Willard has actually claimed this.)
I'd be acting like some kind of upstart peasant.
You know--the kind of person that Willard looks down on.
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