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Posted: 8:28 a.m. Wednesday, Jan. 25, 2012
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By Neal Boortz
It’s been a full day since Mitt Romney has released his tax returns and the libtards and the proggies are beside themselves. They are enraged over Mitt Romney’s unforgivable act of being successful.
In 2010 Mitt Romney earned $21.7 million in investment income. In 2011 that figure was $20.9 million. This was money earned on investments, not from wages. That evil, greedy rich guy!
But that’s not the whole story. Mitt Romney and his wife gave $7 million in charitable contributions over that same period. This means they donated some 16% of their earnings to charity. If you want to play this game, the Obamas donated less than 1% of their earnings from 2000 to 2004, and about 5% of their earnings from 2005 to 2006. But every bit of charity should be appreciated, not compared and demonized, so I will leave it at that.
Then there are Mitt Romney’s taxes. Between 2010 and 2011, Mitt Romney and his wife paid $6.2 million in federal income taxes. Now there are some people who see that number and gasp. There are others who see that number and complain – that’s not enough, he shouldn’t be able to keep all of that money!
To break it down, for the year 2010, Romney paid about $3 million. This means that Mitt Romney paid an effective tax rate of 13.9%. Now when John Kerry was running back in 2004, the Democrats didn’t seem to have a problem with his effective tax rate of 13% on his millions. But that’s an inconvenient fact for libs and proggies to remember.
Now it’s time for the liberal outrage ….
In an interview with Obama’s brain David Plouffe, George Stephanopoulos actually asked him the following: So, you think it's wrong that Mitt Romney only pays about 15 percent of his income in taxes? Here is Plouffe’s response …
PLOUFFE: Well, the point is, we need to change our tax system. We need to make sure that middle class workers are not paying more, in effective tax rates, than people who are making $40 million, $100 million a year. So, we have rules of the road in place right now. I'm sure Mitt Romney, you know, tried to follow them. The question is, we just need change in our tax code, so that everybody is doing their fair share. That is going to be an important part of how we grow an economy that is working for the middle class and is more durable.
Yes, David Plouffe actually said that we need to make sure that the middle class is not paying an effective tax rate higher than millionaires like Mitt Romney. Well .. the fact is (as I mentioned above) they aren’t. To say that the middle class are paying more is a flat out falsehood. It would be a lie if Plouffe actually knew the truth, but failed to tell us the real facts. Was IS the truth?
The truth is that Mitt Romney still pays a higher effective tax rate than 97% of all taxpaying Americans. Jim Pethokoukis writes: “While Romney’s tax rate is … still higher than the 8.2 percent average effective income tax rate (as of 2010) of U.S. households (once you factor in various tax credits). Indeed, nearly half of U.S. households pay no income tax at all. Their average effective tax rate is actually negative. Even if you add in the payroll tax, the effective tax rate of the middle fifth of U.S. taxpayers is 12.8 percent.” Meanwhile, the average effective tax rate for millionaires is 25%.
And yet class warfare generals like David Plouffe say that we need to change our tax code so that everybody is doing their fair share?
We have some more liberal panties in a wad over Romney’s tax returns. This one comes from Democrat National Committee Executive Director Patrick Gaspard. This definitely qualifies as a rectal-cranial inversion moment of the day. Gaspard says …
“Mitt Romney is against Americans paying their fair share. … Romney doesn’t believe that we all have a responsibility to do our fair share.”
I would love for Mr. Gaspard to provide any quote anywhere from Mitt Romney saying that he is against Americans paying their fair share. By the way, when asked, this libtard couldn’t tell you what Romney’s “fair share” of taxes should be. That’s because the guy doesn’t have a clue. He goes on to say, “Mitt Romney used every loophole in the book available to the wealthiest and large corporations to avoid paying his fair share.” Mitt Romney did absolutely nothing illegal. He paid every bit of taxes required of him by the law. He is not avoiding anything.
And as if that wasn’t enough from this braindead excuse for a liberal talking mouth, this Patrick Gaspard goes on to say that Romney "pays a lower tax rate than most teachers and firefighters." We’ve already been through this charade with the Buffett tax. Are these people feigning ignorance in order to push their false class warfare talking point, or are they really his mindless?
I’ll leave you with this. Phil Klein of the Washington Examiner has tried to put into perspective Romney’s tax burden for 2011. His $3.2 million in taxes pays for …
Evil! Greedy!
Neal Boortz chronicles his 42 years of talk radio in his book "Maybe I Should Just Shut Up and Go Away" Available on line and printed from Barnes and Noble and Amazon.
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