Big Love Mitt Romney, a millionaire who believes the Garden of Eden is in Jackson County, Missouri, pays a much lower tax rate than me.
In addition, as of 2010, he had millions stashed in overseas accounts notorious for tax havens by American millionaires. In other words, he is hiding millions overseas to avoid paying taxes. Meanwhile the Middle Class-- the people who can't afford to use foreign tax shelters-- pick up the brunt so the top 1% like Romney can keep getting richer and keep hiding money.
And finally, Mitt's 13.9% tax rate in 2010 is still too high he claims. He wants to make his tax rate, which is already astronomically low, even lower. On top of that, he wants to raise taxes on people making less $40,000/year. You know the Republican-way: Lower taxes on the wealthy and raise taxes on those who can afford it the least. This economic plan by Romney will ensure the rich keep getting richer and everyone else foots the bill. Class warfare at its finest.
*Update:
Another excellent point not made by me.
Mitt Romney made nearly 12 times more income than President Obama in 2010, but paid almost half the tax rate as the president. Needless to say, the president is a wealthy man, no doubt about that. He made $1.8 million in 2010 and paid a 25% tax rate. Romney, however, is way wealthier than 100 Obama's combined when you add in his net worth and he paid a meager 13.9% rate.
Now here's the difference in case you missed it. The president is campaigning to raise his taxes even though he pays nearly double the rate Big Love Romney does. And Mitt Romney is campaigning to cut his already very low tax rate in half and raise taxes on those just barely getting by. That's what this is about.
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