Tuesday, September 18, 2012

Romney Pays No Taxes! He's in the 47% He Mocks.

Mitt Romney mocks the 47% of Americans who end up paying no income tax, but he resembles that remark.  After all, he won't release his own taxes precisely because he has paid little or no taxes for almost a decade.  Indeed, according to the IRS, there are many millionaires and billionaires who pay NO income taxes.  Indeed, the Bush tax cuts vastly increased the number of people who pay no income taxes, especially at the top.  Of course, Mitt did it the old-fashioned way by creating sleazy tax shelters in the Caymen Islands and putting his money in Swiss bank accounts. At least the average American who ends up with all their income taxes refunded to them didn't intentionally attempt to manipulate IRS rules.  It was just bad Republican tax policies that Mitt Romney supported.

However, it is misleading to say that 47% of Americans pay NO taxes.  They pay payroll tax, unlike Romney because they work for a living in a real job, as opposed to just investing in companies that dispose of aborted fetuses, like Romney did with Stericycle, or companies that outsource American jobs to China, India, and Mexico.  

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