Mitt Romney, Income Tax | featured news

Romney’s class warfare

Now, at least, there can be no doubt about who is waging class warfare in this presidential campaign. Mitt Romney would pit the winners against the “victims,” the smug-and-rich against the down-on-their-luck, the wealthy tax avoiders against those too poor to owe income tax. He sees nearly half of all Americans as chumps who sit around waiting for a handout.

 

Economix Blog: How Do the 47% Vote?

Will those paying no federal income tax "vote for the president no matter what"? Probably not. A lot don't vote, and of those who do, many vote Republican.

 

SECRET VIDEO: Romney Tells Millionaire Donors What He REALLY Thinks of Obama Voters

Mitt Romney

...He dismissed these Americans as freeloaders who pay no taxes, who don't assume responsibility for their lives, and who think government should take care of them.

 

Actually, the wealthy are taxed more, but ...

Paying taxes is bad enough. Finding out you pay a larger percentage of your income than presidential candidate Mitt Romney or billionaire Warren Buffet makes it even worse. But that's the case for millions of American, who pay higher rates because most or all of their income comes from a salary rather than dividends. The capital gains tax rate on investments currently tops out at 15 percent, while the highest rate for earned income is more than twice that at 35 percent.

 

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