We are the .001%! We are the .001%! Say it with me!

That's right, the Republicans proposed Robber Baron, Mitt "Capital Gains" Romney, made $45M over two years, and paid less income tax than a teacher or policeman. Some of his investments were hidden in a Swiss bank account to avoid taxation, but he closed this for "political considerations." But hey, a lifetime of pillaging companies built by hard working Americans ought to pay well, right?

Perhaps as America starves, he can sit in one of his palaces as his wife decrees "let them eat cake!"

http://www.huffingtonpost.com/2012/01/24/mitt-romney-tax-returns-released_n_1225247.html?1327382664

Mitt Romney Tax Returns Released: Paid Just 13.9% Rate In 2010, Had Swiss Bank Account

By Steve Holland and Kim Dixon

TAMPA, Fla./WASHINGTON, Jan 24 (Reuters) - 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.

Romney released the tax returns after a week in which his chief rival for the Republican presidential nomination, former House of Representatives Speaker Newt Gingrich, questioned whether Romney was hiding information about his finances and cast him as being out of touch with most Americans.

Gingrich's attacks on Romney helped him upset the former Massachusetts governor in the South Carolina primary on Saturday.

Since then, Romney has vowed to be more aggressive in returning fire.

He has launched a series of attacks questioning Gingrich's character, judgment and lucrative work as a Washington consultant, and released his tax returns to try to nullify Gingrich's criticisms on that front.

The tax rates Romney reported paying could add fuel to a national debate over the fairness of the tax code, and coincides with broader concerns about income inequality symbolized by the Occupy Wall Street movement.

 

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Find where he broke a law or STFU.

 

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thank god there are no rich democrats

Well, Mitt would be the wealthiest president ever, by a wide margin. Further, he would be the first to come out of the private equity/hedge fund world which isn't that popular right now if you've been following the news.

 

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He still paid more than half the barry administation.

 

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some how I doubt he has more money than the Kennedy crooks, I mean dynasty.

The richest living Kennedy is Caroline i think, and her net worth isn't half of Willard's.

 

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he still paid more in taxes for one year than i will make in my life (from working anyway). are you saying he should pay even more? what is YOUR %? i know mine was much lower than that, and i know that there are many Americans for which that is the case.

 

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So, hes paying to least taxes he legally can, like 99% of americans?


bitch about the tax code being broken, not what he paid.

 

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My family's marginal tax rate is just over 18% of our income.

 

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